Bitcoin User Accidentally Sent $60,000 in Fees—Don’t Make the Same Mistake
Summary
On April 8, 2025, a Bitcoin user mistakenly paid around $60,000 in fees due to an error while using the replace-by-fee (RBF) feature. The user intended to send 0.48 BTC but accidentally set the fee to 305,000 sats per byte instead of 30.5 sats per byte. This confusion arose from misinterpreting fee units, leading to an exorbitant fee that was treated as a payment to miners. RBF allows users to resend transactions with higher fees to expedite processing but can result in significant losses if inputs are mismanaged. To avoid such costly mistakes, users should double-check fee settings and understand the difference between total sats and sats per byte.
