Articles by "Transaction Dropped"
Showing posts with label Transaction Dropped. Show all posts

Ethereum Whale  Paid $ 5.2 Million for the Cost of 2 Mysterious Transfers in Total of $ 82K

Finger slip? Masochist? That is unknown. But over the past two days, the holder of an unknown wallet has paid $ 5.2 million transaction fees for two ether transactions.

Just before 10:00 UTC Wednesday, the holder of an unknown wallet sent 0.55 ether (ETH) (around $ 133) with a transaction fee of 10.666 ETH - currently worth just under $ 2.6 million.

The fee goes to the Chinese mining group, Spark Pool, which processes transactions and can distribute millions to its members. Normal transaction fees will likely reach $ 0.50 or more, but can be manually set higher by shippers if they want to push transactions through faster.


Around 4:00 UTC Thursday, the same address sent another 350 ether (ETH) with another 10,668 ETH - worth $ 2.6 million - in transaction fees. The block is mined by the Ethermine pond.

The identity of the sender and recipient is unknown. But the sender has an ETH wallet balance worth more than $ 11 million - even after spending $ 2.6 million in transaction fees. In comparison, the recipient's wallet is now empty, with past funds transferred to another wallet.

Strangely, the sender's wallet has sent transactions every minute in the last few hours and for an additional fee of less than a dollar. Thus, maybe the pope accidentally reverses the numbers for this strange transaction.


This is not the first time Spark Pool has received a fortune from transaction fees.

Last year, the company froze the mysterious 2,100 ETH (then $ 300,000) payments it made to mine just one block - 600 times the average block prize at the time. After tracking the sender, a South Korean blockchain company, Spark Pool agreed to share 50/50 prizes.


Regarding this latest transaction, a spokesman for Spark Pool told CoinDesk that it was following up and welcomed any potential clues about the sender's identity only "in case it was sent accidentally."

After the publication of this article on June 10, the spokesman said it had frozen payments to the miners in his collection.

Transaction Dropped & Replaced?

Dropped Transaction

A transaction that was previously broadcast on the network (but has not been included in the block) can be deleted from the connected node. Transfers of transactions occur more often at times when the network is busy.

There are several reasons for this:

  1. The Ethereum node (e.g., Geth / Parity) connected to us has dropped a Pending transaction from a collection of transactions (most likely due to lower gas prices compared to other pending transactions or reaching other limits).
  2. There is a maximum number of Pending transactions that can be held by the Ethereum node before certain transactions are deleted from the pending collection (this depends on the various settings / limits of individual clients connected to the network).
  3. If the transaction dropped is not rebroadcast, it will not be included in the block. If this happens, it is as if the transaction did not occur at all.
  4. If the canceled transaction is successfully re-broadcast both directly and indirectly (with a different node), then the transaction will reappear as a Pending transaction.
  5. Transaction fees (gwei) provided for transactions are too low. Consider replacing transactions with higher gas prices
  6. For further assistance with canceled transactions, please contact the sender / creator of the transaction (e.g. your exchange, wallet provider, etc.)

Transaction Dropped & Replaced?

Transactions can be canceled and replaced when new transactions made with the same FROM account are received and confirmed by the network. And because it has the same account as the previous transaction, it replaces the previous TXHASH.

Common reasons for a replacement transaction being broadcast:

  1. The previous transaction had a low gas price which would take a very long time to confirm, so a second transaction with a higher gas price was made to replace it
  2. Ethereum Nodes connected to the wallet / service are not fully synchronized, and nonconformities are used
  3. User initiative to replace or cancel a pending transaction

A transaction can be {Dropped} or {Dropped & Replaced}. For additional assistance, please contact the sender / creator of the transaction directly for more information.