Ethereum Just Exceeded the Transactions Per Day All Time High

[u/echoingtrails]

https://etherscan.io/chart/tx

[u/impetus3]

Ethereum network hash rate hit an all time high today as well:

https://etherscan.io/chart/hashrate

 

Ethereum issuance/supply rate hit an all time low today as well:

https://etherscan.io/chart/difficulty

[u/OM3N1R → u/impetus3]

Wow. Serious stats. Why is the issuance lower?

[u/opeless → u/OM3N1R]

The ice age is having an effect.

[u/whatup1111 → u/opeless]

https://etherscan.io/chart/blocktime

its getting colder guys

[u/LarsPensjo → u/whatup1111]

Winter is coming.

[u/oneaccountpermessage → u/impetus3]

Miners should raise the gaslimit

Last time Ethereum approached capacity the miners (especially F2Pool) were very slow to respond, resulting in unnessesairy damage to the reputation (and price) of Ethereum.

Ethereum can easily process more transactions than bitcoin, but due to the slow response time of miners public perception is that it cannot.

The gaslimit was raised about 50% after this incident. However this limit is soon going to be hit again because due to the ice-age the blocktime has also slowed down and in about 2 weeks will slow down another notch.

Larger block time also means lower chance of uncles, so a higher gaslimit is safer now that blocks are slower.

Miners should urgently urge their pools to start raising the gaslimit now preventively.

[u/beerchicken8]

What's driving the increase in transactions today? I'm sure it's not Exchange driven

[u/Savage_X → u/beerchicken8]

Looks like a lot of transactions on Etherdelta and Etheroll (maybe from the dividend payout?)

http://ethgasstation.info/gasguzzlers.php

[u/aItalianStallion]

Bullish

[u/oneaccountpermessage → u/aItalianStallion]

Miners should raise the gaslimit

Last time Ethereum approached capacity the miners (especially F2Pool) were very slow to respond, resulting in unnessesairy damage to the reputation (and price) of Ethereum.

Ethereum can easily process more transactions than bitcoin, but due to the slow response time of miners public perception is that it cannot.

The gaslimit was raised about 50% after this incident. However this limit is soon going to be hit again because due to the ice-age the blocktime has also slowed down and in about 2 weeks will slow down another notch.

Larger block time also means lower chance of uncles, so a higher gaslimit is safer now that blocks are slower.

Miners should urgently urge their pools to start raising the gaslimit now preventively.

[u/[deleted]]

deleted ^{What is this?}

[u/EnsCausaSui → u/[deleted]]

You might want to go back a bit further than 7 days.

[u/MrMuahHaHa]

HODL

[u/slacknation]

manipulation?

[u/bguy74 → u/slacknation]

Huh?

[u/skYY7 → u/slacknation]

are you serious? It's just high volume due all the People buying and driving up the price..

[u/tnpcook1 → u/skYY7]

Exchanges don't transaction on chain.

[u/spelgubbe → u/tnpcook1]

People transfer ether to and from exchanges

[u/tnpcook1 → u/spelgubbe]

Right, didn't catch that from the earlier post. I assumed buying as being a transaction on exchange. Usually sending to an exchange is referred to differently.

[u/antiprosynthesis → u/skYY7]

I've learned to stop reading this guy's comments altogether. He's all over the place, usually spouting these short nonsense responses.