User Pays $2.6 Mil in Transaction Fees to Send $134 of Ether

Written by:
Aaron Goldstein
Published on:

Wynn reportedly is in good hands, even as the worldwide pandemic rages on.  Forbes estimates that "it may take until Q3/Q4 for the demand slump to recover, which could reduce the company’s revenue by at least 30% from $6.6 billion to $4.2 billion.

*No hidden fees.  Everything for $5 per player
*Accepts Amazon Cards, Gift cards, Bitcoin
*Open an account in less than a minute
*2 Week Free Trial
*Hundreds of leagues, live betting - 99.9% uptime
*Mobile platform available
*Live dealer casino
*Offices in Costa Rica, Expansion into Philippines
*Mandarin Chinese, 日本人の, 한국, Fillipino, việt
Click here to visit PricePerPlayer.com

(Wynn) has already reported a 42% decline in revenue in the first quarter of 2020. Unlike other companies in the U.S. that are likely to face maximum impact in Q2, Wynn suffered in Q1 because of the closure of Macau, which accounts for 69% of revenue. April and May saw the sharpest y-o-y fall for Macau casinos but sales are improving sequentially. For the full year, we expect Wynn’s revenues to remain at least 30% below 2019 levels as travel remains subdued, casinos operate at lower capacity to maintain safety norms, and people avoid crowded places - which casinos can very well be. While China has reported control over Covid-19 cases, Macau casinos can close again if there is a second wave.

A record ethereum transaction fee has been paid today: $2.6 million to transfer $134. 

The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool. 

A nightmare come true, the customer sent 0.55 ether, worth $133.95, according to a record of transactions broadcast on the Ethereum (ETH) network. The money was sent to an address on the South Korean crypto exchange Bithumb. 

The funds may be lost forever. Most blockchains are built to prevent transactions from being reversed once the sender confirms it. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

The price of bitcoin fell below $50,000 Thursday morning after Tesla CEO Elon Musk tweeted a day earlier that the electric car maker would stop accepting the digital currency as payment for its vehicles.

Get a Job in Cryptocurrencies

Get a Job in Cryptocurrencies

Getting a job in cryptocurrency will more than likely require a certificate or degree.  One can begin by taking online courses.  Bitcoin Theory covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

Bitcoin Was Created With the Gambling Industry in Mind

Bitcoin Was Created With the Gambling Industry in Mind

In a sign that life may be coming back to normal following over a year of dealing with a global pandemic, CoinGeek's Rebecca Liggero Fontana sits down with the one and only Dr. Craig Wright in her first in-person interview in more than a year.

 One-Stop Wallet, Please!

One-Stop Wallet, Please!

While it may not be prudent to keep all of your eggs in one basket, it would certainly be nice if you could buy all of your eggs from the same market regardless of which eggs you want. The same could be said about the numerous crypto currencies available today. There are new ones popping up what seems to be almost every day. The problem is that you need to have multiple crypto wallets and use multiple exchanges in order to acquire, trade or sell them. 

SpaceX Accepts Dogecoin as Payment to Launch Moon Mission Next Month

SpaceX will launch a satellite to the moon next year funded entirely with the cryptocurrency dogecoin, Canadian company Geometric Energy Corporation (GEC), which will lead the lunar mission, announced on Sunday (May 9).