Ethereum Gas Prices Return to Normal, After Intentional Network Overload

[sufiasyl]

Ethereum used to have overloaded of transactions which used to hampers the transaction procedure. I'm happy that they are now working on this. Some people are still facing problem with it. But, it will gradually be developed.

[Andruha1993]

Yes it was a very serious problem. I sometimes expected a transaction for a long time. But at last everything became good and now you can not worry and make the transfer quickly.

[BitcoinHodler]

Yes it was a very serious problem. I sometimes expected a transaction for a long time. But at last everything became good and now you can not worry and make the transfer quickly.

it still IS a serious problem with ethereum network. nothing is solved. they keep promising to release this solution and that solution but in the end we see nothing and no development whatsoever.
at some point we have to accept that this is a fundamental problem with the design of this platform and nothing can fix it.

[FreakSau]

It's good news for bounty hunters, when the Gas prices too high, it's hard for the project to pay tokens to hunters. But I hope this problem won't happen again.

[opeakande]

I see that as a good development toward the boom that everyone in the cryptocurrency is expecting just like we experienced it last year.

[aces777]

I am glad to hear it, I knew that the increase in gas prices were just temporary so I held back all of the transactions I wanted to make. It might have been a glitch in the system because even during the bull we did not have such a problem like this. It would also be due to someone manipulating the price of ethereum seeing as it did not follow the price of bitcoin as well as it always did.

[jasydoggye]

Over the weekend ETH network was always overloaded. Any kind of transactions took long time to proceed. As a result, for higher speed gas prices reached above 200 GWei.

[X-ray]

Good news that it came to normal. The network was overloaded and for this the transaction went so slow that it became almost impossible to deal with. Many face a lot of problem. Good to hear that at last it came to normal.

Byzantium and the new structure of the transaction fees will be implemented on the next update. It will be solved a lot of problems and decrease the possibility of the network to be spammed with so many transactions.

The code still in the tested by the core developer of ethereum to make sure there will be no vulnerability. it will happen very soon i guess maybe at this month.

[karramov]

I remember trying to do a transaction that cost me about 100 . It's been a long, long time. Now everything is normal and it pleases. They say it was created artificially. competition

[biochem123]

that's good to know, so many rewards have to be payed out with those prizes, so the developers move the sending date to later and later days

[OpenClips153]

That’s a good news for the Ethereum holders. The GAS price was high previously due to congestion in the ethereum network. Many believe that this congestion was due to EOS. As the GAS price is relatively normal right now, the customers will be able to perform transactions easily.

[zeze18]

Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload

The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds

Read more at: https://cryptovest.com/news/ethereum-eth-gas-prices-return-to-normal-after-suspected-intentional-network-overload/

From my experience last week ETH network was horribly overloaded, transactions with 41 GWEI took really long to proceed and some of them were simply dropped.

This is a very good news for ICO that used ERC-20 tokens, they can held an airdrops and bounties with a low fee and that will distributed fast to the people who joined.

[Pamplelune]

So what about Ethereum network load today? Is it stable?
How much GWEI required to complete trx in just a few minutes?
Haven't checked myself for a while...

[Kjara]

According to this article ETH network is still seriously congested from time to time.
This time lottery game airdrop causes huge GAS consumption.

Ethereum Congestion Lowered, OMTM Token Airdrop Takes 20% of Bandwidth
Read more: https://cryptovest.com/news/ethereum-congestion-lowered-omtm-token-airdrop-takes-20-of-bandwidth/

[bitcoinvestor]

That s the eth problem. It alwsys takes place. Cryptokitties also major cause few months ago. I think that's why eth price now stagnant. New coins offer better cost fee like neo .etc and nxt. They also offer smart contract and token creation. Eth has too many competitors now. Holding lot of eth will not give much profit anyway.

[Pamplelune]

Not sure what happens with Ethereum network last days, but transactions with GWEI lower than 41 have a chance to never start at all.  
Market is still quite inactive and I guess ICO tokens attract much less attention than previously, so what causes such a low ETH performance?