Ethereum miners overload the network with small amounts transactions


Ethereum cryptocurrency miners began to actively load the network with insignificant amounts transactions. The most disastrous effect is the Ethermine pool, which has sent 13,200 transactions in the last 24 hours, usually in the amount of 0.05 ETH or even less.

Other large pools support this initiative. The total number of transactions sent from the SparkPool address exceeded 6 million, F2Pool – 9 million, Nanopool – 15 million. They do this periodically, allowing breaks of 5-20 minutes, after which they again activate the mechanism.

In some cases, the amount transferred in such transactions is only 0.001 ETH ($ 0.23). According to Trustnodes, the only explanation for the activity of the pools is that they immediately and automatically pay all the rewards to the miners working with them. However, if they wanted, they could easily set a minimum limit on the amount for such transactions.

At the same time, the network is experiencing increased loads from users, and the average transaction processing fee has increased to $ 0.70. On June 11, the value rose briefly to $ 4. For interaction with smart contracts, users are forced to pay $ 5-10.

Earlier, Ethereum founder Vitalik Buterin said that he had to pay $ 40 commission for sending cryptocurrency through the Tornado Cash service to three people. So he illustrated the reasons for the recent ambiguous decision of miners to increase the network throughput by increasing the gas limit per block from 10,000,000 to 12,500,000 units.

“Huge commissions make our network less beneficial to users,” Buterin wrote.

However, with such wasteful spending of resources during periods of increased load, users are unlikely to be able to experience the benefits of the latest innovation.