<p>The fee amount is at the discretion of the transaction author. Assuming the high amount was not either due to software constraints (see @AntoinePoinsot's comment above) or a <a href="https://en.wikipedia.org/wiki/Fat-finger_error" rel="nofollow noreferrer">mistake</a>, you'd have to read their mind to know why an oddly high fee was set.</p>
<p>Here are some speculative reasons:</p>
<ul>
<li>The transaction is important and the author wants &quot;beyond reasonable doubt&quot; confidence that it'll be confirmed in short order.</li>
<li>The author likes miners and wants to reward them.</li>
<li>The transaction could be at the end of a chain of low or no fee unconfirmed transactions and the author wants to provide incentive for them all to be mined.</li>
<li>The author wants to signal that they think the fee rate equilibrium should be higher.</li>
<li>The author wants to signal that they control plenty of bitcoin.</li>
<li>The author perceives the fee amount to be tied to an elaborate NFT scheme.</li>
<li>If the miner is (or is close to) the author, it could be a way of increasing fee per block metrics (and perhaps upwardly influence the future mean fee). Assuming the transaction is not broadcasted.</li>
</ul>

CC BY-SA 4.0
2024-04-19T07:26:50.990Z
2024-04-19T08:29:56.763Z
2024-04-19T08:29:56.763Z
Lee
<p>It's very common to see transactions that pay extremely high fee rates, easily 10, 100, or more times the any reasonable high-priority fee rate.</p>
<p>Who makes these transactions, and why do they overbid to get into blocks?</p>

CC BY-SA 4.0
2024-04-19T06:30:30.897Z
In those transactions are the fees a negligible amount of the value transferred? Or are they somehow fixed (old wallets used to hardcode fees)?
Antoine Poinsot
<transaction-fees><blockspace-market>
Why do some transactions wildly overpay fees?
Casey Rodarmor
# Why do some transactions wildly overpay fees?

(Asked by: username_0 on 2024-04-19)

It's very common to see transactions that pay extremely high fee rates, easily 10, 100, or more times the any reasonable high-priority fee rate.

Who makes these transactions, and why do they overbid to get into blocks?

**Tags:** transaction-fees, blockspace-market

> **Comments:**
> **username_1**: In those transactions are the fees a negligible amount of the value transferred? Or are they somehow fixed (old wallets used to hardcode fees)?  

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## 1 answers

### Answer by username_2 on 2024-04-19. Score: 2

The fee amount is at the discretion of the transaction author. Assuming the high amount was not either due to software constraints (see @AntoinePoinsot's comment above) or a [mistake](https://en.wikipedia.org/wiki/Fat-finger_error), you'd have to read their mind to know why an oddly high fee was set.

Here are some speculative reasons:

* The transaction is important and the author wants "beyond reasonable doubt" confidence that it'll be confirmed in short order.
* The author likes miners and wants to reward them.
* The transaction could be at the end of a chain of low or no fee unconfirmed transactions and the author wants to provide incentive for them all to be mined.
* The author wants to signal that they think the fee rate equilibrium should be higher.
* The author wants to signal that they control plenty of bitcoin.
* The author perceives the fee amount to be tied to an elaborate NFT scheme.
* If the miner is (or is close to) the author, it could be a way of increasing fee per block metrics (and perhaps upwardly influence the future mean fee). Assuming the transaction is not broadcasted.


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