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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1845376 times)
mandibleclaw
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July 02, 2018, 05:23:43 PM
 #19461

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol

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July 02, 2018, 07:47:48 PM
 #19462

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.

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July 02, 2018, 10:38:36 PM
 #19463

pls what is the total supply of ethereum?
ethereum total supply is increasing because mining reward
miner get reward with each block they mined and confirm the transactions
now the circualtion supply is more then 100 milllion for now and its total supply is unlimited but only miners can get few in a year

Interestingly though Vitalik brought up the discussion about implementing a cap to the total supply of ETH.

If I remember correctly it was on april 1st? By the way, if he want to implement a cap (but this question is for all PoS coins) how it will work with PoS ? It's the same thing as PoW where miners get only transaction fees after all coins are mined?

Yes, exactly.

Whereas it totally remains to be seen how something like that would actually play out. Everyone has an opinion on how it will work within Bitcoin, but I think skeptics also have a valid point that once there are only transaction fees the incentive might be too low for a lot of miners to secure the network.

Right but it should be possible to apply some maths upfront and see how it may play out. To anticipate how the market will eventually behave is hard to do as well know.

That is why I am shocked how many people have an opinion. They all had an opinion when Bitcoin was small, now they have an opinion when Bitcoin is big. And every time it is wrong.


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wangmidi
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July 03, 2018, 08:02:27 AM
 #19464

Ethereum needs to use some technologies such as fragmentation to improve performance. Recently, the transfer is blocked again.

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July 03, 2018, 08:30:35 AM
 #19465

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.
There are congestion sometimes and today it happened.
Too bad we need to pay for the higher fees in order to transact but that is alright with me, I know this problem will be solve very soon.

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July 03, 2018, 08:46:28 AM
 #19466

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.
There are congestion sometimes and today it happened.
Too bad we need to pay for the higher fees in order to transact but that is alright with me, I know this problem will be solve very soon.
ethereum price moving to green side and is rose 6% over a 24 hour. he has gone up, like the whole market! and the commission for transfers remains small if you do not exhibit a big gwei.

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July 03, 2018, 09:01:19 AM
 #19467

Hello everybody. Now I see that there are problems again with sending Etner, I do not know why, but I hope this problem will be solved. I wish everyone good luck.

quote author=wangmidi link=topic=428589.msg41407841#msg41407841 date=1530604947]
Ethereum needs to use some technologies such as fragmentation to improve performance. Recently, the transfer is blocked again.
[/quote]

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July 03, 2018, 01:56:10 PM
 #19468

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.
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July 03, 2018, 04:30:21 PM
 #19469

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.

It literally changes by the moment. Now its 1-46 gwei...

Usually increased gas price is an indicator of increased use. Higher daily volumes means we a healthier and more liquid market.

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July 03, 2018, 07:16:10 PM
 #19470

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol



This is one of the true critical problems of the Ethereum platform - still not scalable enough not just for mass adoption, but even for any peaks of transaction traffic.
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July 03, 2018, 07:23:19 PM
 #19471


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July 03, 2018, 07:28:25 PM
 #19472

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol



This is one of the true critical problems of the Ethereum platform - still not scalable enough not just for mass adoption, but even for any peaks of transaction traffic.

This is an old story by now. We all know there are scalability problems, but we also all know that solutions are under way.

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July 03, 2018, 07:32:09 PM
 #19473

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.

It literally changes by the moment. Now its 1-46 gwei...

Usually increased gas price is an indicator of increased use. Higher daily volumes means we a healthier and more liquid market.

But on other side it showing this network is not capable to handle load of transactions we still need a better platform and more fast network. That is the reason why other projects are making their space into this market.

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July 03, 2018, 07:49:34 PM
 #19474

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol



This is one of the true critical problems of the Ethereum platform - still not scalable enough not just for mass adoption, but even for any peaks of transaction traffic.

This is an old story by now. We all know there are scalability problems, but we also all know that solutions are under way.
How soon this problem will be fixed. Because of these high commissions, I can not send a small number of tokens. A few days ago it was enough to put the price of gas at 1-2 Gwei and everything was fine. And now again this.

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July 03, 2018, 08:17:59 PM
 #19475

Yesterday i wanted to made an transaction of 1 ethereum but again ethereum network over loaded and now gas price come back to 16.
Can i transfer ethereum to exchange ? Any idea about gas price, will gas price come back to 4 or 5 gwei ? or rise again to 70 gwei ?
How much time transaction will take to complete if i set current gas price 17 gwei ?

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July 03, 2018, 09:22:36 PM
 #19476

Ethereum is an obvious, undisputed leader in the world of DApps. The "State of the DApps" website lists a huge number of decentralized applications on the Ethereum blockchain, now their current number is 1,601. EOS mainnet pump, hey, where are you? (32 DApps on EOS - extremely new and weak)

Things in crypto change instantly. One wrong step for Eth and one good one for EOS and
situation can change very quickly.
That is the nature in crypto, people invest on good and better technology but I don't see any chance that EOS
will takeover ETH in the near future, so I am still with ETH and ETH tokens and personally, I have invested heavily on some good coins.

EOS became one of the threats to many tokens, because the volume of EOS is increasing every day and certainly many people will HOLD.

EOS just have a good marketing, But in fact they are not a competitor to Ethereum. Thousands of projects on Ethereum network. And EOS very new. And EOS developers very greedy. They raised few billions usd. Why? For what? Its look like a good hype, but not a good long term project.
I agree with you EOS is still new platform even the blockchain of EOS just been launched by community of EOS, the money has been raised by blockone during ICO stage will be used for the software of projects be built on EOS platform, due to the blockone is just software development on EOS platform, it can be seen on the website of block.one. the projects on EOS platform can be seen on here too https://eosindex.io/posts

I can't even think of all those projects that could be built with the money they raised. I think it's completely unreal what they raised, but it seems the market agreed and people poured their money into EOS like crazy.
Yes you are right, the market agreed with actually it was like ethereum on the early many people who invested large of their money in it and many people doesn't believe in ethereum,  but the time had been answered that ethereum is sucessfull right now, the valid answer for EOS right now we must wait and see what will happen on EOS platform in the future.

Indeed and if you compare what Ethereum raised to what EOS raised, it just doesn't make a lot of sense. Whatever, nothing you can do about.
Yes ethereum is more better than EOS right now, i just don't understand many people said that EOS is ethereum killer the fact based on the information on their official social media EOS still doesn't have wallet to store of EOS, and many bugs has been found on EOS platform and EOS still doesn't have real products ( decentralize application dapps and smart contract on them).

For me they are two completely different projects. If you look at the fundamentals they will appeal to different groups of people. Those who want strong decentralization would be more in favor of Ethereum. And those who want more speed have been promised to get that with EOS.

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July 03, 2018, 09:38:20 PM
 #19477

For speed, there are fast blockchains like zilliqa. And the overcentralization of EOS makes it unsafe by nature.
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July 03, 2018, 11:05:43 PM
 #19478

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.

It literally changes by the moment. Now its 1-46 gwei...

Usually increased gas price is an indicator of increased use. Higher daily volumes means we a healthier and more liquid market.
Lol all of this scenario caused by there are some people were wasting their money on the ethereum network to create spam transaction. This spam transaction will increase the standard fees to sending any transaction.
This is no healthy i suppose. you can try to visit etherscan and do your research about that.

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July 03, 2018, 11:28:45 PM
 #19479

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.
This is possible usually when there is a very large ico. Perhaps now is the time, I certainly noticed it before. I think that this is the reason for network congestion and expensive gas.

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magisterr
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July 04, 2018, 11:19:32 AM
 #19480

What happened with ethrereum? Tried to transfer my ETH and transaction in pending half of day already. Again overloaded?

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