An Ethereum user accidentally spent $9,300 in transaction fees of just $120.

And now, this user is demanding and pleading with Ethereum miners to return his money that he sent in the form of fees by mistake, although there are no conditions or what obligates miners to return the money to him.

A user with the nickname “ProudBitcoiner” posted his experience on Reddit, where he posted Contacts transaction for verification.

An Ethereum user said that he had mistakenly sent a fee of 23 Ethereum.

So-called “gas” transaction fees are paid by Gwei units, a system that can be unfamiliar and confusing for users.

Read:Ethereum co-founder Vitalik Buterin describes Bitcoin Cash as a failure…Details here

The transaction was made through “MetaMask,” a popular Ethereum wallet running from a web browser, while the user was using Uniswap to exchange cryptocurrency.

The fees are quickly collected by the Ethermine mining pool in less than 30 seconds, as miners tend to prioritize transactions with higher fees.

clearer This user what happened to him by saying:

“Metamask” did not populate the “Gas Limit” field with the correct amount in my previous transaction and that transaction failed, so I decided to change it manually in the next transaction (the one that got the error and which is the focus of our article). Gas price entry field, meaning I paid 200,000 Gwei for this transaction and so ruined my life.

What are the fees for gas and transactions in the Ethereum network?

Funds transfers on the Ethereum network require a gas fee to be entered prior to any transaction, which is then paid to the miners.

Gas limit is the maximum amount of gas a user is willing to pay per transaction, while gas price is how much “Gwei” a user can spend on each gas unit.

Read:VanEck applies to SEC for approval of Ethereum ETF

The limit and price are combined together to set a fee for each transaction on the Ethereum network and change constantly based on network demand and activity.

Hence the error.

To compare what this user paid in his transaction, we find that he paid a fee of 200,000 “Gwei” while his transaction required no more than 24-33 “Gwei”.

This user is now trying to recover some lost graphics.

In his Reddit post, he said:

I contacted Ethermine on Twitter, I contacted their CEO Peter Bratcher on Twitter, and I made this post here to help me out.

The “Ethermine” aggregator has not yet responded to requests from a Reddit user and is not obligated to do so, of course.

Any typos during crypto transactions are known to be of no return, and miners will not hand over their winnings unless they want to do so.

This user is asking for some hope of his money back, as he believes that the “Ethermine” pool is a well-intentioned pool, and he hopes he is right.

A number of similar transactions took place in the past, as one of the parties paid transactions with millions of fees on Ethereum and also obtained the Ethermine pool, and the parent company that runs this pool stated that it will return this amount in the event that the party that sent this amount contacts with a notice of non-return in the future.

Read:Rich Dad Poor Dad Author Explains Why He Bought Bitcoin

We would also like to make it clear that in the future we will not be involved in the large payout of TX fees. The stated return policy is to always distribute the full block reward and we will comply with this independently of the amount involved.

– Bitfly (@etherchain_org) June 15, 2020

The bottom line is that the holder of digital currencies has to enjoy some responsibility, caution, and make sure of the transaction well before completing it, because, as is well known in the decentralized crypto market, individuals are the ones who run their own banks.

Read also:

Australia is exploring the use of a central bank digital currency based on Ethereum

Traders on Uniswap spend nearly $7 million in Ethereum fees