Topic: Why is ethereum so slow? - page 5. (Read 4786 times)
Ethereum is biggest popular digital currency worldwide, after bitcoin. Now market ETH price is $1,128.35. I believe ethereum will still grow in future.
they are not slow, but they have a commitment and it's good in my opinion because etherum goes up gradually. so not exposed to the name overbought.
I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?
It's not the exchange making slow translations, it's a big network on the etherium, a lot of transactions, making the network slow, I do not translate anything lately, because I have to put a lot of gas, it's expensive while I hold my coins.
Bit confused here, the following link shows the ETH transaction pool filtered to a specific contract address
https://etherscan.io/txsPending?a=0xf9a3023b60e124070cae59165b5f8c6974b96ff8
This contract belongs to ETHlend, and I am seeing people creating transactions using 1-6 GWEI in real time.
When I use metamask to post my transaction against this smart contract for the life of me I cannot get it to go through. I even tried 25 GWEI costing me $75USD, and it still failed on me. So my question is how are these people getting away with 1-6 GWEI and getting successful transaction, and I am not able to post a single transaction?
Any help in clearing this up would be REALLY appreciated.
https://etherscan.io/txsPending?a=0xf9a3023b60e124070cae59165b5f8c6974b96ff8
This contract belongs to ETHlend, and I am seeing people creating transactions using 1-6 GWEI in real time.
When I use metamask to post my transaction against this smart contract for the life of me I cannot get it to go through. I even tried 25 GWEI costing me $75USD, and it still failed on me. So my question is how are these people getting away with 1-6 GWEI and getting successful transaction, and I am not able to post a single transaction?
Any help in clearing this up would be REALLY appreciated.
I think it's not slow. Maybe you have too many transactions in your network
Does anyone here think that exchanges slow down transaction times on purpose so they could manipulate your funds in the meantime?
Yes, scammy exchanges have been doing it since day 1, Craptsy was a great example when they held Doge when it skyrocketed and then dumped your coins then bought them back when it tanked and gave you those coins a few days to a week later. Trying to arb is impossible on a scammy exchange.
Don't think it is slow in general, it only gets slow when the network is filled with transactions, then that is when things get super slow and they only go through in like a couple of hours.
I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?
Ethereum network is slow now a days and I thinks things will get better in the coming dates with some updates we can use less gas price for transactons.
I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?
As the price of ETH and the popularity of ICO continue to increase, the demand for ETH is getting bigger and bigger, so it is normal for ETH to be congested. Does anyone here think that exchanges slow down transaction times on purpose so they could manipulate your funds in the meantime?
Most likely yes, all exchanges withdrawals now works very slow. They spammed ETH mempool with small transactions fee. 
Potential coin will always takes time to reach and in ETH is a slow giant coin and the value will not increase suddenly. Even I have waited many days for Ethereum to increase it's price.
I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?
Yes there are some delays in ethereum network. Hope this will be solved soon and we will see lightening speed transactions on ethereum with less gas price. Now the low gas price I set on ED is 4 gwei.
Ethereum is so slow because of the crypto kitten game. Which means that Ethereum is still unripe for mass adoption.
Does anyone here think that exchanges slow down transaction times on purpose so they could manipulate your funds in the meantime?
Ethereum even without the scaling solutions is much faster than BTC. Ethereum is handling more than 50% of all transcations in the blockchain world. That is why it is congested from time to time.
Very true. Ethereum is comparatively faster than BTC, just that it handles quite a huge amount of transactions in the blockchain technology which results in congestion sometimes Because of the recent Crypto Kitties game. Buying and selling virtual kittens on the main Ethereum blockchain. Literally just a virtual character on a website. Like collecting pokemon in Pokemon Go except that it runs on the ETH blockchain and the only way to add new kitten are to buy or gave birth to it. Both done on ETH chain and people somehow love it. That's why the network is clogged up, people are making transactions to sell, buy, and gave birth to new kittens LOL. Hilarious. What a way to force Ethereum dev to scale up their blockchain 
https://www.cryptokitties.co/
https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
https://cointelegraph.com/news/viral-cat-game-responsible-for-huge-portion-of-ethereum-transactions
https://twitter.com/CryptoKitties/status/937444644740198400
https://www.cryptokitties.co/
https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
https://cointelegraph.com/news/viral-cat-game-responsible-for-huge-portion-of-ethereum-transactions
https://twitter.com/CryptoKitties/status/937444644740198400
Interesting stuff I agree with the Ethereum dev to scale up their blockchain.
The network seems to be stabilizing now. Fees are lower and transactions are confirming faster.
Still a large number of unconfirmed transactions though.
Still a large number of unconfirmed transactions though.
In the last weeks Ethereum and its network have been the target of a constant attacks resulting in various issues and disruption of the normal operation of the network and users having trouble with transactions. The attacker(s) apparently have been very crafty in locating vulnerabilities in the client implementations as well as the protocol specification and abusing them in order to make things hard for everyone else mining or using Ethereum. According to the Ethereum developers the most visible consequence of the attacks for most users is that they are having difficulties getting transactions included in blocks, and full nodes are facing memory limitations in managing the bloated state. This needs to be addressed with a hardfork and that hard fork was initially planned to happen at block 2457000, but has since been postponed for block 2463000 to allow for more testing of the new code before it becoming live. This is supposed to happen sometime around the coming Tuesday, October 18th. Do note that around that time some exchanges may temporary disable Ethereum (ETH) trading and withdraws/deposits in order to avoid possible issues when the hardfork hits, so make sure to be careful operating with any Ethereum coins around that time.
2018
This game is an inherent flaw in the system and can be exploited many-fold at any time and I am not sure how they can stop it and still be a world comtputer.
Because of network congestion. In late December - early January, the problem should be solved technically
Sadly it's crypto kitties. Don't worry, they will solve the issue soon. Way I see it, they have been hit hard and they are still a worthy investment.
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