Ethermine Flooding Ethereum with Low Value Transactions Amid Congestion

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Summary

One of the biggest ethereum miner is making thousands of small transactions some worth less than a couple of dollars. Ethermine spamming eth amid congestion, Sep 2019In the past six days some 100,000 transactions have come from just Ethermine, an ethereum pool that generally has about 25% of ethereum’s hashrate. In the past 24 hours we counted 15,850 transactions with Ethermine continuously demanding on-chain resources in what looks like a very inefficient manner. Both Ethermine and Nanopool is refusing to change the limit, with these spam transactions perhaps aimed at increasing fees at zero cost to either Ethermine or Nanopool. For simple transactions a fee of $0.20 would now probably be sensible, but for some smart contract transactions fees can be $2 or more even when the network is not congested.

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One of the biggest ethereum miner is making thousands of small transactions some worth less than a couple of dollars.

In the past 24 hours we counted 15,850 transactions with Ethermine continuously demanding on-chain resources in what looks like a very inefficient manner.

Ethermine spamming eth amid congestion, Sep 2019

In the past six days some 100,000 transactions have come from just Ethermine, an ethereum pool that generally has about 25% of ethereum’s hashrate.

Nanopool too is continuously flooding the network, sending around at times less than $4:

Nanopool spamming eth, Sep 2019

Ethermine has made in total more than 22 million transactions, or about an entire month of ethereum’s network usage.

Nanopool too has performed some 13 million transactions, far more than the biggest...

Read the full article @ TrustNodes