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Author Topic: ETH network under congestion now?  (Read 271 times)
bussybuddy
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November 04, 2020, 03:01:55 AM
 #21

Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.

Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
What?

I still get signals about ETH's transaction speed, i see people saying that it has improved over the time when DeFi exploded. With gas about 30 Gwei i think it only takes 10 seconds for that transaction and less than 1$ fee.

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November 04, 2020, 05:40:47 AM
 #22

Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.

Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
The situation has been the same for Bitcoin, the network is congested and a lot of people are complaining about the high fees they are paying for small transactions. This was the same for me when I sent money to someone this week, just $50 and the fees was high. I haven’t used Ethereum for transaction as of recent so I am not aware of that this same thing has been happening in the ETH network.

I saw a news today that the ETH devs said they are close to releasing the 2.0 and I believe thatwith the next version (2.0) we are going to see a better experience.

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November 04, 2020, 06:04:09 AM
 #23

With 27 gwei   i think it will take you about 1 second to make your ETH transaction.

In your case, first and foremost checking the status of a transaction in the network is very simple. You just need to go to the website https://etherscan.io/. Paste your address into the search box or go directly to the link: https://etherscan.io/address/.... then double check everything. And check if you are sending two transactions, which will also prevent your transaction from going through.


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flagpara
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November 06, 2020, 05:56:17 PM
 #24

Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.

Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
Ethereum Congestion is boosting to increase the Ethereum transaction cost. Always check the Ethereum GWEI before making any Ethereum transaction. I think for making urgent transactions, we should select the average Gwei cost. Always Ethereum Gwei cost is different, the only reason is Ethereum congestion. Transaction cost of Tron USDT coin is very low or zero.

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November 06, 2020, 06:04:13 PM
 #25

Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.

Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
Now eth transactions are doing fine, speed is good and fee is reasonable as well but if the price keeps growing as expected we can see transaction fee again rising untill eth 2.0 mainnet goes live.

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November 06, 2020, 06:15:03 PM
 #26

Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.

Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
Currently, gas fees are relatively cheap, even though Fomo Ethereum has resulted in many transactions on the blockchain,
Gas is still well cheap, possibly because you haven't given a Gas limit during transactions,
now only 21-31 Gwei is already very smooth for transactions.

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