udayantha11 (OP)
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Activity: 798
Merit: 17
2023 would most likely be as bearish as 2022
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February 23, 2021, 12:39:25 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
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we all need universal power and cyclist of Everything -2023 would most likely be as bearish as 2022- =BTC will make it, but might be a long winter=
Stronger the storm, brighter the rainbow
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Fivestar4everMVP
Legendary
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Activity: 2450
Merit: 1085
Leading Crypto Sports Betting & Casino Platform
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February 23, 2021, 12:51:02 PM |
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Yeah , Ethereum blockchain really sucks to transact on at the moment, ive also had my erc20 transaction stuck on several occasion for more than 9, 10 hours even some for 3, 4 days, if youve had yours stuck for just 5 hours and you already complaining, then you arent seen anything yet, ive personally made a declaration to do all i could to stay away from ethereum blockchain for the time being, there are so many erc20 tokens i was supposed to buy on uniswap but cant due to the high fees and possiblity of transaction getting stuck.
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Johnyz
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February 23, 2021, 01:01:35 PM |
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Not just ETH, my Bitcoin transactions are still pending for almost 12hrs now and I think the traffic is really huge right now since everyone is trying to exit the market as soon as possible. The whole market are very congested for the past 24hrs, this should normalize when panic selling was done already and I’d hope to receive my funds as soon as possible.
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fuer44
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February 23, 2021, 01:06:52 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
maybe you need to increase the gas price but it will definitely cost a fortune. or maybe your network? should have sent a maximum of 1 hour.
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bison
Full Member
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Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
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February 23, 2021, 01:14:06 PM |
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have you confirmed it is the same ERC token? Have you confirmed that you provide sufficient gas fees for the transactions you make? You try to check the status on your Etherscan, whether it is failing or just pending because it is waiting for insufficient gas costs. determine the problem first, I'm sure you will get solutions from other members.
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masterrex
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February 23, 2021, 02:22:36 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
That was a new norm in the Ethereum Network nowadays and this problem will not stop until Ethereum 2.0 development is not yet fully implemented the Ethereum Network Congestion resulted in very expensive gas fees that affecting us small-time Ethereum Network users nevermind those whales they can take care of themselves. IMO, the only temporary solution is to migrate in BSC or in the Tron Network in the meantime until this problem persists in Ethereum Network.
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Dave1
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February 23, 2021, 02:28:40 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
Expect it not to cleared in the next 24 hours, Lol, just kidding, 5 hours and the fee is already very high, similar to what bitcoin is experiencing right now. And that is the main reason why we will hear projects shifting now to BSC because of ETH's scalability issues. And unless is not being mitigated by ETH devs right now, they will lose a lot in this battle. @bison - it's pretty clear that ETH network is congested, and you have to pay a lot in order for your transaction to be cleared. Not good for average joe like us.
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shinratensei_
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Activity: 3290
Merit: 1031
Leading Crypto Sports Betting & Casino Platform
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February 23, 2021, 02:34:14 PM |
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maybe you need to increase the gas price but it will definitely cost a fortune. or maybe your network? should have sent a maximum of 1 hour.
It's not easy like you said dude if he will be replacing his transaction with a new one and he will be losing his fees and this time the fees are totally nonsense and i guess he should pay double or even more to increase the gas fees. It has nothing to do with the network because ethereum network is getting congested agani and again. People are feeling tired with it and the users just make the miners become rich person. That's why people started to leave from ethereum platform to the another one like BSC.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Pearls Before Swine
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February 23, 2021, 02:38:15 PM |
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That was a new norm in the Ethereum Network nowadays and this problem will not stop until Ethereum 2.0 development is not yet fully implemented the Ethereum Network Congestion resulted in very expensive gas fees that affecting us small-time Ethereum Network users nevermind those whales they can take care of themselves. IMO, the only temporary solution is to migrate in BSC or in the Tron Network in the meantime until this problem persists in Ethereum Network.
Yeah, luckily there are other coins that can perform much the same function that ETH does and TRX is just one of them. NEO is another and there are probably a dozen that I'm unable to recall since I don't own any of them. This is the first time I've heard of the ETH network being congested. Usually it's bitcoin's network that gets bogged down to the point of unusability, not ETH. I don't know what's going on, but it probably has something to do with all of the speculation that's been going on for the past couple of months. Hopefully this will all rectify itself with time, and hopefully sooner rather than later.
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deathcode
Copper Member
Sr. Member
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Activity: 1428
Merit: 253
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February 23, 2021, 02:39:56 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
Expect it not to cleared in the next 24 hours, Lol, just kidding, 5 hours and the fee is already very high, similar to what bitcoin is experiencing right now. And that is the main reason why we will hear projects shifting now to BSC because of ETH's scalability issues. And unless is not being mitigated by ETH devs right now, they will lose a lot in this battle. @bison - it's pretty clear that ETH network is congested, and you have to pay a lot in order for your transaction to be cleared. Not good for average joe like us. If the developers of the ethereum blockchain did not decide to update which was the problem from last year I don't think many projects may migrate to Binance Chain. that is very possible and Binance Chain also has a wide range of products with large market support as well as more transaction fee friendly ones.
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bison
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Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
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February 23, 2021, 02:49:01 PM |
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@bison - it's pretty clear that ETH network is congested, and you have to pay a lot in order for your transaction to be cleared. Not good for average joe like us.
That's what makes a lot of traders and investors have a hard time when they want to send their ERC tokens to exchanges. an overly busy network keeps transaction costs up. when we determine the small gas or not in the running costs I think we will experience the same problem.
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Apostlekin$$$
Member
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Activity: 238
Merit: 17
Sovryn - Brings DeFi to Bitcoin
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February 23, 2021, 04:46:23 PM |
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Not just ETH, my Bitcoin transactions are still pending for almost 12hrs now and I think the traffic is really huge right now since everyone is trying to exit the market as soon as possible. The whole market are very congested for the past 24hrs, this should normalize when panic selling was done already and I’d hope to receive my funds as soon as possible.
People are trying to get out of the market and they are simply making miners to get rich, anyways it's wise to swap your coins for USDT and when trying to make ethereum transaction right now make sure you send with high gas fee
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sgenuine
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February 25, 2021, 04:18:34 PM |
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Ethereum is getting slower and it really doesn't have the strength to withstand these transaction tests. I am surprised when people accuse Binance Smart Chain of dishonestly enticing users and advise them to gain popularity in other ways. And what remains to be done when conducting operations on the Ethereum network turns into a real torture. Did you notice that the news about the July Ethereum update came only after the massive transfers to BSC were recorded? Perhaps the ETH developers realized that they were at risk of losing their reputation.
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makishart
Legendary
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Activity: 3122
Merit: 1029
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February 25, 2021, 04:32:14 PM |
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That's why the massive exodus from ethereum to the BSC is still happening right now. I have been leaving ethereum ecosystem since a few months ago due to the non-sense fees and it looks like so many people were starting to be frustrated caused by the fees that will remain forever until the next EIP will be implemented.
When EIP1599 might be rejected by the miners and it could be a disaster, I hope that miners can understand it and they will be updating their client. We will see that what will be the result in the next months. I hope that will make the small traders back again.
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optimisticcm
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Activity: 210
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Sovryn - Brings DeFi to Bitcoin
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February 25, 2021, 04:37:54 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
It could be due to using less gas or gwei because my transaction to binance has gone through smoothly so i do not think we can blame anything else while transfering to a centralized exchange because i have no problems whatsoever so maybe you need to re-try with better gas prices.
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Oilacris
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February 25, 2021, 04:38:49 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
IF you do like for your transactions to push or confirmed fast then pay up fees/gas even more.You would really be prioritized but if not then you would really be ending up on that long waiting game until the entire network would subside and those low fee transactions would be processed.We cant even deny that Bitcoin does have the similar problem. When it comes to transaction confirmation then nothing beats out with those known platforms like TRX,EOS etc.
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JooBra
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February 25, 2021, 05:15:03 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
It made me trade only the coins that are on Binance. I had same experience like a month ago. There are some other blockchains that are going to be big hope a lot of coins can switch to them in near future.
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tygeade
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Merit: 1061
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February 26, 2021, 12:08:17 PM |
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I am really fed up with ETH as well, all jokes aside I want ETH to drop to under 500 bucks once again, even under 200 dollars, not because I hate ETH but because I want miners to realize that they can't take control of ETH like this and I want those miners to start losing money so they can leave people alone.
I want eip 1559 to happen, I want eth 2.0 to happen, it is enough already that miners have been screwing people over. Their defense is "well people are paying us, should we say no??" and YES , you should say no, that is not how "free market" works, if you do this in the end you are losing long term customers and places like BNB will pass you very soon, look at pancakeswap being more used than uniswap already, if in the future ETH becomes 1000 dollars while BNB becomes 3k, you will know that miners took the money for now and lost it in the future.
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Kasabus
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February 26, 2021, 01:44:18 PM |
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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20... eth sucks
Better to pay it at a higher fee, then you will expect a less than 5-hour arrival. I really think that this congestion will take longer to stop. We can expect an instant confirmation this time unlike before. So many traders, buyers, users appear this time, transactions boiled up high and the number of miners is not enough to cater to all of these things that is why we experience long delays and might possibly it takes more than 24 hrs.
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shoreno
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February 26, 2021, 01:52:18 PM |
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i think you already used bsc and trc20 coins before because you rate them good but why would you still insist yourself into something is buggy like eth, ah i know maybe this was your last coin and after this you are planning to migrate from other chains/platform but anyway how much fee did you put on your eth transaction earlier .
your fee might have been pretty small than what is the recomended fee now that is high and high fees suposed to process alot faster . all you can do now is to wait
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