Today I lost $280 in Ethereum, probably it's not secured platform as Bitcoin

in #ethereum8 years ago (edited)

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Is Ethereum is secured platform as Bitcoin ? Probably not. I know a very small about Ethereum. I'm just holding a few amounts of ETH. Today I exchanged $100 SBD from my steemit account to one of my ETH address. Shapeshift said that it was completed but I did not getting the desired amounts. Here is the shapeshift details --

Order Summary:
Order Number: e3fe28c6d0
You Deposited: 0.06377304 BTC
You Received: 0.50078266 ETH
The exchange took 454 seconds

Deposit Address: 152EeaUFoYq2uReFJrmfEX6tLRWZHKhRQb
Withdraw Address: 0xfb2046386f65d9033ca0f6470b8f0eb17ecdc9ab

View on the blockchain.

So, I have lost $100 now. Then I tried to send some ETH based tokens (MNE) from my myether wallet to my Livecoin address for exchange. Again I lost 18 MNE worth $180. Here you find the tx : 

View on the blockchain.

All my ETH wallets are 100% mine, not controlled by any third party. And I have private keys on all my addresses. So, what is actually happened ?

Now, I have no trust on ETH platform. And also frightened to make further cash out. Any one please, suggest me - What can I do now ?

If my problem is solved then I'll exchange all my Ethereum (about 800 ETH) immediately to BTC, And here is an offer to my trail member --

If you help me to resolve this issue then I'll convert 100 ETH to steem power for gaining more SP. And additional 15000 SP must help my trail members to get more rewards.

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The ether network has been congested lately because of all the ICOs going on. It will probably be returned. Check again after a few days. If it is still not returned, contact shapeshift support.

I already contacted shapeshift. My question is why the tx was not broadcasted. If it is broadcasted and not confirmed due to heavy traffic of mem pool then there will be no problem. But, tx not broadcasting on the network or dropped by network immediately is not a good sign.

And also what about my ETH based tokens ? They are also not broadcasted. First tx was made by a third party Shapeshift, but, second tx was made by me. So, I'm astonished what really happened ?

Oh! sorry ... My calculation was wrong I actually lost ($100X1.7 = $170) + ($10 X 18 = $180) = $350 :)

My transactions are also not being broadcasted right now. Maybe there is some problem with the blockchain itself. But I'm not an expert so I am not 100% sure about what happened.

I know more about Bitcoin but very less about ETH. That's my problem also ... I think :)

And I love Bitcoin & Byteball (will be the true competitor of alt coin ETH)

Error: Transaction '0x9b1b01998cb189bb4a4815886d44c438c8823fdc6f462f734d5c4503b9a6dc9c' not found!

this is my error on genesis mining for 0.2 eth..
this is crazy, never happend with bitcoin.

Euh i'm new in the Crypto world and i don't understand where is the problem.
you had 0.06377304 BTC ==> 174.4 $ you exchange it to ETH and had 0.50078266 ETH ==> 169.67 $
So in the first transaction you lost 4.73$
the exchange price is a little bit high but it still not that bad, i maybe missed or didnt understand something.
Hope u will find a solution to your problem ;)
have a good day

No dear, I lost whole 0.06377304 BTC, becoz the exchanged ETH has never sent to me :)

holly fuck :s
sry for u m8 ! :'(
didn't understand it in my first reading, my bad !

Wow, sorry to hear that, thanks for the headsup

i have same problem with you, i ready contact 2 support from i send and i receive ETH , the 2 support says " wait 1/24 hours " and i still wait until now.
you ready contact support ?

hmm....... when bitcoin was stuck due to low fees & heavy traffic then We will not be anxious, because, we have a lot of features to be get confirmed on network by RBF, re-broadcast, delete & re-initiate etc. But, It seems to me a very strange problem, becoz it never shows on network

Hey, I am was also holding ethereum on freewallet, and trying to exchange it to bicoin but still the transaction is not verified. :(

you & me both are unlucky ..... ha ha :D

hahahah WHY

Oh it's not so bad, you're going to do it again, must have remained positive in my opinion =)

Not sure, but looking at the eth address you gave, the transaction never went through. Maybe the problem lies at Shapeshift.

"the transaction never went through..." yes, I'm now thinking the same :)

I think this is a lock up of transactions in the ETH network (overload). Your Shapeshift payment may come through eventually. The ETH network is having some issues with the number of transactions per second (huge) because of all the ICOs going on.

My ETH purchase via Shapeshift yesterday took long but came through eventually.

wow !!!!! so I'll get soon an explanation from shapeshift too :)

WOW :(((

Thank you
I will be alerted.

Shapeshift doesn't publicly shows the orders it fulfils so there is no way to see what happened and you have to contact the shapeshift support but chances are you entered the wrong eth address to receive it.
Either way the problem is with the exchange and not with ethereum itself ;)

No, my address is correct and I already contacted Shapeshift. OK, Shapeshift has problem, not ETH has I agree with you. But, what about my ETH based tokens ? They are also not broadcasted. First tx was made by a third party Shapeshift, but, second tx was made by me. So, I'm astonished what really happened ?

Yesterday was the status.im ICO and the ethereum network was under a lot of load.
But then it will either come through later or it's still in your wallet and you can just try again...

status.io it offers really ICO or, IPO ? which one ?

No, those guys here did/do their ICO: https://status.im

ok thanks for the link

Wait for a day or two. It'll either come back as failed or go through. There's a lot of network congestion in ETH since yesterday possibly coinciding with status.io ICO!

Please read this article for more details. I don't think I really resolved your issue but I hope my pointer helps you out!

thanks for the article :)

I learnt about one more major contributing factor. I believe the ETH trades are now clearing off after these two near simultaneous events i.e. status.im ICO + GDAX Flash crash!

I regret a lot for what you are going through dear friend @royalmacro, these are the things that I do not like to read, unfortunately I do not know how to help you I do not have much experience in the subject, I just hope it is a mistake and everything worked out.

I also never get upset :)
Thank you for your nice comment :)

Its becase eth network has a huge traffic right now.
In case of bitcoin you don't care if you pay fee higher than other users. In case of eth as far as i know if you are single entity like shapesift all you transacions have order and and executer in order. What it means: if yours 1st transacion fee is to low to be process by the network, then all other transacions of yours will have to wait, even if they have paid enough fee.

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C'mon, I don't think you've lost it. It will come through or back to the balance...

hmm... I'm now aware of huge transaction load on ethereum network. My tx is pending for this reason. But, I use Shapeshift exchange, a third party exchanger. If ETH returned to its original source then I'll get nothing. Because. my BTC which I have sent through Shapeshift must not be returned to me.

But, yes, if it'll be broadcasted over ethereum network then everything will be fine.

Thank you :)