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Author Topic: Ethereum transaction not showing up in blockchain after two hours  (Read 1002 times)
thecodebear
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May 31, 2017, 12:23:15 AM
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First time sending Ethereum anywhere. Sent from my coinbase account to poloniex. It's been about two hours and it doesn't even show up on the blockchain yet. Shouldn't it take much less time to at least show up on blockchain? Should I be worried? I've never had any problem sending bitcoin around but now my first time using Ethereum and I'm wondering whats up. Could it be that the system is just so congested right now with the price rise happening tonight that transactions are held up for hours??
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May 31, 2017, 01:11:47 AM
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The community can help you if you give us a little more information about the said transaction. Post the transaction ID so someone can help you with the problem.

If Coinbase did not provide a transaction ID on the Ethereum blockchain then maybe they are still holding your withdrawal.

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May 31, 2017, 03:35:54 AM
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I am not using Coinbase to give you personal opinion but I have read multiple comments saying Coinbase is having some trouble with Ethereum at the moment so that may be it. it is either their node which is having some trouble or it may even be because they ran out of ethereum since everyone was buying it since the current pump is getting too big.

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May 31, 2017, 03:48:36 AM
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First time sending Ethereum anywhere. Sent from my coinbase account to poloniex. It's been about two hours and it doesn't even show up on the blockchain yet. Shouldn't it take much less time to at least show up on blockchain? Should I be worried? I've never had any problem sending bitcoin around but now my first time using Ethereum and I'm wondering whats up. Could it be that the system is just so congested right now with the price rise happening tonight that transactions are held up for hours??
Seems this problem from coinbase if you can't see your transaction on blockchain.
I'm are member of coinbase but I've not using for ETH. But when I've spend money out from wallet sometime problem happens were my withdrawal on pending stats.
2h waitings too long for queue, I guess you must contact suppport of coinbase to help.

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June 01, 2017, 01:04:08 AM
 #5

I am not using Coinbase to give you personal opinion but I have read multiple comments saying Coinbase is having some trouble with Ethereum at the moment so that may be it. it is either their node which is having some trouble or it may even be because they ran out of ethereum since everyone was buying it since the current pump is getting too big.

An exchange running out of something traded? I do not think that could be possible. If that happens then demand shoots up, and with no supply, the price of Ethereum will rocket possibly to 0.5 BTC/ETH.

They should suspend trading before that happens.

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June 01, 2017, 03:39:05 AM
 #6

I am not using Coinbase to give you personal opinion but I have read multiple comments saying Coinbase is having some trouble with Ethereum at the moment so that may be it. it is either their node which is having some trouble or it may even be because they ran out of ethereum since everyone was buying it since the current pump is getting too big.

An exchange running out of something traded? I do not think that could be possible. If that happens then demand shoots up, and with no supply, the price of Ethereum will rocket possibly to 0.5 BTC/ETH.

They should suspend trading before that happens.

that may be. but that is not exactly how it will happen. because for the most part what we see on exchanges are virtual numbers, not real 1:1 coin. you see when you deposit your coins on an exchange they don't necessarily keep all the coins at hand to be able to pay right away if needs be. they do a lot of things with them to make more money and when the withdrawal requests exceeds the amount they keep ready they run out of coins to pay.
something similar to what banks do. if 1000 people deposit $1mil and then suddenly 900 of them want to withdraw the bank will run dry on 400th customer because they don't just put the $1mil in their safe to just hold for safekeeping.

but the orderbooks which are determining the price will still have "numbers" on them preventing the drastic changes in price.
and besides if price shoots up on one place, arbitrage will kick it down to normal and below levels.

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