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Author Topic: Why is ethereum so slow?  (Read 4282 times)
galaxys4
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December 04, 2017, 11:42:32 AM
 #1

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?
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December 04, 2017, 11:46:30 AM
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Ethereum is not slow just grow your gas price and you can see this first transaction.
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December 04, 2017, 11:48:42 AM
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because they want to have strength basement for long term. They have really good road mapp and they improve themself always. I believe in ethereum will grow as much as bitcoin. It deserve 3000 dolars at least.

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December 04, 2017, 11:53:55 AM
 #4

Depends also on what you send... normally 1 Gwei tooks really long but its cheap

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CodyAlfaridzi
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December 04, 2017, 12:01:23 PM
 #5

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 Tongue

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

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December 04, 2017, 12:02:49 PM
 #6

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?

i notice that it is so fast in ethereum to have transaction and the price are easily change. So, ethereum has too many transaction that can cause your money that has pending only. The ethereum was go through the miners, thats why you cannot easily transact or put your money on different site.

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December 04, 2017, 12:04:04 PM
 #7

Because of the recent Crypto Kitties game. Buying and selling virtual kittens on the main Ethereum blockchain. That's why the network is clogged up, people are making transaction to sell, buy, and gave birth to new kittens LOL. Hilarious. What a way to force Ethereum dev to scale up their blockchain Tongue

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


Great, nothing says cryptos are serious investments like meme coins and virtual fucking felines.  Roll Eyes

FFS, grow up children. Time to put on big boy pants.

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December 04, 2017, 12:07:32 PM
 #8

Ethereum is not slow just grow your gas price and you can see this first transaction.

Do we pay more if we increase the gas?
By today i also have same problem. I paid for the gas already but my transaction is canceled. So i have to do another trade again. And again paying for the gas. Its happen 4 time just today.
Anybody know why?

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December 04, 2017, 12:11:02 PM
 #9

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?

ETH is stable altcoin and going good not slowly it is better because huge increasing mean this coin is unstable
galaxys4
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December 04, 2017, 12:11:36 PM
 #10

Ethereum is not slow just grow your gas price and you can see this first transaction.

Do we pay more if we increase the gas?
By today i also have same problem. I paid for the gas already but my transaction is canceled. So i have to do another trade again. And again paying for the gas. Its happen 4 time just today.
Anybody know why?

I am wondering if the transaction is pending for more than 30 minutes and get canceled do you pay the transaction fee or not? I haven't realized how it is ..
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December 04, 2017, 12:16:44 PM
 #11

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?

I think Ethereum's mempool is also growing too large for the miners to keep up.  Meaning, it's having the same problems as Bitcoin is having.  Why not fork it to have bigger blocks and call it Ethereum Cash.  Lol.  Grin

Ver would support.

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December 04, 2017, 12:21:58 PM
 #12

I am not facing this problem and I am using 2 gwei besides Ethereum is fast, so it maybe from your side. Just my opinion

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December 04, 2017, 12:25:45 PM
 #13

I would say increase your gas price to see higher speeds. But bear in mind this this is all still quite immature technology. We are still in the early days, and scaling solutions are planned.

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December 04, 2017, 12:29:02 PM
 #14

Really? After works with network it is very fast and cheap. Very good technology. I think most part of slow transactions gives EtherDelta.
Ethereum is very good!

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December 04, 2017, 12:43:03 PM
 #15

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.

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December 04, 2017, 12:44:02 PM
 #16

Etherdelta is not ethereum, it's a very compicated smart contract and it may be very slow. Be aware to change the gas price because you can pay A LOT if you're doing it wrong.

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December 04, 2017, 12:52:28 PM
 #17

because they want to have strength basement for long term. They have really good road mapp and they improve themself always. I believe in ethereum will grow as much as bitcoin. It deserve 3000 dolars at least.
With the rapid development of Ethereum, it is not impossible in the future they are also widely known as Bitcoin. But to be able to achieve these achievements, they must first prove it by making a product that can solve the problems of many people.

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December 05, 2017, 04:06:41 AM
 #18

I am not facing this problem and I am using 2 gwei besides Ethereum is fast, so it maybe from your side. Just my opinion
Transferring some OMG from my wallet to EtherDelta.... 20 gwei... (gas limit 250000)  still pending after an hour and a half!
What am I doing wrong?
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December 05, 2017, 04:19:20 AM
 #19

This has happened before. Ethereum just can't handle the load as it is now.


    
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December 05, 2017, 04:19:59 AM
 #20

Cryptokitties everywhere!

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