Transaction input bigger than output

Yesterday I made a transaction from my one btc address to another by using pybitcointools library for blockchain api. I made a mistake by making input value 10x times higher than output value. So I have a quesiton: Is that input minus output value treated as fee now, or can I restore it back in some way ?

Here is link transaction history ( only 1 transaction ) where you can see what's going on : https://blockchain.info/address/1Fno6XBjLbEq53oTG6MWw1X1vA2hbyaLPh?format=json

and here is transaction's blockchain link: https://blockchain.info/tx/d80feae624c18067044e1bca0917bdb0c42f81ff1e7b9b2febacfced1ed7f691

myhau

Posted 2015-01-03T16:31:49.387

Reputation: 123

Answers

Yes, the difference between the input and the output is the transaction fee, and there's no way for you to get it back once it has been mined (except for building a fork that results in a stronger chain---not likely unless you have >50% of network hash rate).

In the future, I highly recommend experimenting on testnet (bitcoind -testnet) or using regtest mode. That way you don't lose any wealth when you make a mistake.

David A. Harding

Posted 2015-01-03T16:31:49.387

Reputation: 10 154

1I believe some people have had their excessive txn fees refunded my mining pools on rare occasions – Wizard Of Ozzie – 2015-01-05T05:11:55.480