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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 2003797 times)
cjmoles
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June 21, 2017, 06:52:28 PM
 #13941

Yes, the congestion is troublesome at times....but I think that people are missing the fact that as each of these ICO's come online they are adding value to the network.  However, I've been waiting for one of these huge ICO's to dump the ICO funds back onto the exchanges, temporarily crashing the price....<-----  Have my lowball orders in just waiting for a catch.

Is the congestion caused by ICO?

Yes...What happens is that investors flood the network with transactions because they're trying to get their orders filled before the caps are reached....some of these ICO's sell out within seconds so there's quite a bit of motivation to get their orders in right on the target block....However, the structures of these ICO's are undergoing some evolution so they will optimize soon, I'm sure.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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June 21, 2017, 07:05:45 PM
 #13942

I just can't figure out where this ETHf dump will go when South Korean desperadoes wake up tomorrow and see that their money evaporated? 
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June 21, 2017, 08:18:52 PM
 #13943

Same problem here.
Sent ETH from my Poloniex wallet and the ETH was sent. I even got a transaction id.
But it just does not show up on the blockchain. It has been well over 12 hours now.
Here is the transaction id:
0xd278b6cfc520006789e95cd244fdb3aa9da1337b7745b3c4b1bcf9d912a7a03f

It says "Unable to locate Transaction entry".

I was thinking this was due to the network congestion that happened when I made the transfer. But the network seems to be normal now?
Can anyone help with this? Does this mean I have lost my ETH.

Did you get this resolved? I just submitted a help ticket to Polo.

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becoin
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June 21, 2017, 08:28:48 PM
 #13944

what will be with vanished transactions?

I guess the next fork to roll back the ETHf blockchain is not far away.

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June 21, 2017, 08:28:57 PM
 #13945

Same problem here.
Sent ETH from my Poloniex wallet and the ETH was sent. I even got a transaction id.
But it just does not show up on the blockchain. It has been well over 12 hours now.
Here is the transaction id:
0xd278b6cfc520006789e95cd244fdb3aa9da1337b7745b3c4b1bcf9d912a7a03f

It says "Unable to locate Transaction entry".

I was thinking this was due to the network congestion that happened when I made the transfer. But the network seems to be normal now?
Can anyone help with this? Does this mean I have lost my ETH.

Did you get this resolved? I just submitted a help ticket to Polo.
Please, don't forget to write back here when your issue resolves.
It looks like transaction have not been sent by Polo (didn't reach ETH network).

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
legday
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June 21, 2017, 08:54:38 PM
 #13946

Same problem here.
Sent ETH from my Poloniex wallet and the ETH was sent. I even got a transaction id.
But it just does not show up on the blockchain. It has been well over 12 hours now.
Here is the transaction id:
0xd278b6cfc520006789e95cd244fdb3aa9da1337b7745b3c4b1bcf9d912a7a03f

It says "Unable to locate Transaction entry".

I was thinking this was due to the network congestion that happened when I made the transfer. But the network seems to be normal now?
Can anyone help with this? Does this mean I have lost my ETH.

Did you get this resolved? I just submitted a help ticket to Polo.
Please, don't forget to write back here when your issue resolves.
It looks like transaction have not been sent by Polo (didn't reach ETH network).
I have exact same problem, I sent mine almost 24 hours ago
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June 21, 2017, 09:06:24 PM
Last edit: June 21, 2017, 09:23:33 PM by blissz
 #13947

Same problem here.
Sent ETH from my Poloniex wallet and the ETH was sent. I even got a transaction id.
But it just does not show up on the blockchain. It has been well over 12 hours now.
Here is the transaction id:
0xd278b6cfc520006789e95cd244fdb3aa9da1337b7745b3c4b1bcf9d912a7a03f

It says "Unable to locate Transaction entry".

I was thinking this was due to the network congestion that happened when I made the transfer. But the network seems to be normal now?
Can anyone help with this? Does this mean I have lost my ETH.

Did you get this resolved? I just submitted a help ticket to Polo.
Please, don't forget to write back here when your issue resolves.
It looks like transaction have not been sent by Polo (didn't reach ETH network).
I have exact same problem, I sent mine almost 24 hours ago

I am having exact the same issue (26 hours ago...). I do have a TX id as well.
I guess the ethereum node of polo was disconnected while we requested our withdrawal. Polo just needs to do a retransmission of those transactions. (or roll back, but that's more hassle I think)

edit: i just did a small withdrawal for testing and that is working fine now. So my analysis seems to be valid. It was just a temporary glitch...
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June 21, 2017, 09:26:13 PM
 #13948

surprisingly I received reply from polo staff, minutes after opening a ticket. It reads -

Dear valued customer,

I am sorry to inform the ETH network is under heavy stress at the moment and some withdrawals are not being broadcast correctly.
 
Rest assured we will rebroadcast your withdrawal as soon as possible, thank you for your patience and I am sorry for the inconvenience.
 
Best regards,
yugu
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June 21, 2017, 09:43:27 PM
 #13949

some withdrawals are not being broadcast correctly.
 
Rest assured we will rebroadcast your withdrawal as soon as possible
Glad to hear that.
It means nothing disappears in ethereum network forever.

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June 21, 2017, 09:49:49 PM
 #13950

There are always some interesting Google Trends to take note of. In most cases, people focus on terms such as “Bitcoin”, “Blockchain”, or “Litecoin”. Ethereum has also been quite the successful search term these past few years. However, it looks like Etherium is a very close second. It is just a letter difference, yet it shows a lot of people may need to look at how project names should be written.
https://themerkle.com/etherium-is-a-popular-google-search-trend-among-ethereum-users/
We must tell to other people that ethereum is the true and etherium is wrong  Grin
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June 21, 2017, 10:07:26 PM
 #13951

So, this was officially the biggest pump and dumb sceme in crypto history?
Or have there been more money making scemes in crypto compared to this?

This was huge, i bet theres a lot of millionaires turned into billionaires past year, congrats.

I wonder when this will be topped, could be sooner then we think, maybe this antshares?

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June 21, 2017, 10:25:26 PM
 #13952

When is it expected to be normal?I am expecting more price fall but as soon as congestion is over,its going to cross $500
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June 21, 2017, 10:27:29 PM
 #13953

https://news.bitcoin-babe.com/2017/06/22/gdax-suffers-downtime-eth-deposits-and-withdrawals-temporarily-unavailable/
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June 21, 2017, 10:28:51 PM
 #13954

What was back then the ICO price for ETH in fiat?

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June 21, 2017, 11:44:17 PM
 #13955

What was back then the ICO price for ETH in fiat?

20 usd cent/eth

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June 22, 2017, 12:08:54 AM
 #13956

What was back then the ICO price for ETH in fiat?
0.20 usd, and yes, it was the best ico ever
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June 22, 2017, 06:31:12 AM
 #13957

Is the network fucked up?
Yes. Totally.
after the BTC fiasco, we might witness the begining of the end for ethereum also...way too many problems even at this very little scale...lot's of transactions that are pending..to many delays..1 bloody ico and everything is fucked up  Roll Eyes

It looks like with these massive ETH network congestions competitive platforms will have more opportunities.

Hopefully all this unpleasant situation with transactions will be over soon. I also have sent one ETH based token about 2 hours ago and it is still nowhere going. Once the main blockchain which is Etehreum will be fully functional it will be back to normal everything. I am aware of this but waiting when all this is happening.

It is glorious to see what's become of the smug ETH heads as they suddenly lose their appetite for talking shit about how 'slow' and 'crippled' and 'obsolete' Bitcoin is.

Where is your arrogant vapor hyping now?  Did it die with the first ICO disaster?  Was it buried with this latest one?

You were warned ETH doesn't actually scale better than Bitcoin.  You didn't listen.  How's that working out?

Ethereum won't scale to "thousands of transactions per second". It will hardly scale at all. Here's why:

https://medium.com/@yobanjo/ethereum-wont-scale-like-you-ve-been-told-cae445bef539#.r9ft3bdpe


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Monero
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June 22, 2017, 06:49:51 AM
 #13958

When is it expected to be normal?I am expecting more price fall but as soon as congestion is over,its going to cross $500

I think so. But how do we solve the congestion problem?
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June 22, 2017, 09:03:18 AM
 #13959

When is it expected to be normal?I am expecting more price fall but as soon as congestion is over,its going to cross $500

I think so. But how do we solve the congestion problem?

By using ETHc instead of ETHf.
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June 22, 2017, 11:26:34 AM
 #13960

When is it expected to be normal?I am expecting more price fall but as soon as congestion is over,its going to cross $500

I think so. But how do we solve the congestion problem?

By using ETHc instead of ETHf.

But now they are 2 different competing coins...
If you hold ETHf, how to switch to ETHc?
To sell all ETHf holdings and buy ETHc in the same moment?

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