Ethereum overload

[CLywaTeLb]

1 min: 200 Gway
5 min: 150 Gway
30 min: 80 Gway
etherscan.io sometimes turns off. In CMC, significant volumes are not displayed.
Can anybody explain what's going on?

[TimtheYoutuber]

What do you mean exactly?

[Raist]

Seems that nothing exceptional is going on. Ethereum network producing about 600k transactions during last 24 hours. Nothing special. Even less than average.

[Gurueconom]

I do not quite understand, like all the others that you mean? Nothing supernatural in the network Ethereum now does not happen. You do not have to worry!!!

[CLywaTeLb]

I have not seen such a tx price for a long time.
The price of tx has already fallen: https://ethgasstation.info/
There was 150 Gwei to 5 minutes. This surprised me.

[BTCHadzija]

sometimes there's just a longer queue for transactions so the gas prices may jump up a bit, nothing to worry really

[Wabri]

Today is the Ethereum network a bit overload. You can check the ETHGasStation, but I use also the own tool of Etherscan who you can find here. Both of the tools give a good overview of the gas:

https://etherscan.io/gasTracker

[Flangler]

I feel sorry for trader who uses Etherdelta. I never have seen that high amount needed for GAS what is going on??

[javadevm8]

Good ol PoW inefficiencies.

[h0lybyte]

1 min: 200 Gway
5 min: 150 Gway
30 min: 80 Gway
etherscan.io sometimes turns off. In CMC, significant volumes are not displayed.
Can anybody explain what's going on?

These transaction price structure shows  nothing strange but gas price usually gets reduced when the market of coin remains in downtred for a longer period.
Once the price of etber starts to rise, the gas price also goes up by a few percent. Alternate reason in gas value decrease is assumed when there are more than usual transactions eveey day

[maldini]

1 min: 200 Gway
5 min: 150 Gway
30 min: 80 Gway
etherscan.io sometimes turns off. In CMC, significant volumes are not displayed.
Can anybody explain what's going on?

These transaction price structure shows  nothing strange but gas price usually gets reduced when the market of coin remains in downtred for a longer period.
Once the price of etber starts to rise, the gas price also goes up by a few percent. Alternate reason in gas value decrease is assumed when there are more than usual transactions eveey day

but in my opinion the number of transactions handled by the ethereum network is increasing and that gives rise to long queues, causing gas prices to rise.
ethereum network is not overload only the longer transaction queue

[edongzkitetet]

Opinions on this issue were divided. Some talk about a concerted attack to undermine the credibility of the network, while others claim that it is a matter of high user activity.

[Davil]

Remember that in a few weeks we will see the ETH 2.0 supposedly solution to network scalability among other issues. Today's price action has been beautiful with some 17% green (after a huge fall last days) but with the big news so soon we may certainly have touched the bottom at last.

What do you think? have we seen the bottom? altseason incoming? 

[livingfree]

Opinions on this issue were divided. Some talk about a concerted attack to undermine the credibility of the network, while others claim that it is a matter of high user activity.

Same issues for other blockchain networks as well. If its crowded, they will be a traffic and that's going to cause higher fee to start your transaction.

Congestion usually happens if there's too much user activity so it results to high gas prices but its stable as of now.

What do you think? have we seen the bottom? altseason incoming? 

Bitcoin season bull run is coming so it will also give a significant positive movement to alts.

[KocaEfe]

I don't understand why you care so much about the Commission. Really, when you come to the ATM and withdraw money there, too, consider the Commission that you keep? It's called stinginess.

[Leah38]

Good day. Its just normal you have to increase gas price to send your alts faster. The smaller the gas price set, they will just put your transaction on queue. If in you're in a rush to send your alts then set your gas fee higher. A few more cents to pay is just fine for more if I'm going to earn a hundred dollars on trading.

[Bernardo lewanusa]

Good day. Its just normal you have to increase gas price to send your alts faster. The smaller the gas price set, they will just put your transaction on queue. If in you're in a rush to send your alts then set your gas fee higher. A few more cents to pay is just fine for more if I'm going to earn a hundred dollars on trading.

ethereum reportedly will do hardfork in October,
maybe this will be ethereum's best solution to handle the slow ethereum network

[jacafbiz]

I think the period you are referring to was when some people were spamming Ether network, some people attributed it to one Exchange while other people said EOS team were behind it. There is doubt there is need for real scaling solution in the space until we have the solution we are looking for we need to make do with what we have

[lksufrr]

As everybody already mentioned nothing special is going on. The queue reduces the amounts and gas price. You have to pay some higher fees to reduce this reduction.

[Vit83]

For me this means that eth is alive and have future) It have real usage and transactions. Waiting for the new POS system and to the moon.