Is there anyone that knows a little more about how Ethereum works? Will the transactions that say "Unable to locate Transaction entry" maybe still go through or are they lost in the ether?
Your transaction is in the queue and will likely be there for a while.
The transactions that did go through are those that contributed heavily during the bug-fixing 'event' since they apparently got some kind of a pass that allowed them to guarantee participation. That was all published on the blog way in advance. I know people around here don't actually read up before investing which is what causes this mess.
All of the transactions that are being rejected have faulty instructions in them. The majority have more than 50 Gwei as their gas price (somehow basically everyone uses 57 Gwei which is too much). Others use less than 200000 gas which causes their TX's to run out of gas during the contract execution.
All of these faulty transactions are simply choking the network which is why no that set the right parameters is able to contribute. (50 Gwei and 200000 gas)
TLDR: If people actually knew what they were doing we wouldn't be in such a mess every time an ICO happens.
People read up before you invest for once..
https://blog.status.im/status-network-token-issuance-ad877b79a10You honestly think that the 14000+ people that have gotten screwed so far by this ICO did not do that? Most of them did EXACTLY what they were supposed to do and only 82 ETH addresses have gotten through. The reason for this is what you need to be posting. Why have 82 ETH addresses been able to invest $40,000,000 and the rest of us been screwed so far? Can you answer that for me?
The answer is in the blogpost that I just linked..
I'm not affiliated with Status in any way but the cause of the problems with the network at the moment is pretty easy to see.
Come on, that blog post is bullshit:
"The ceilings are designed to present hurdles for larger unknown Whales, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."
Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown Whales" but not to the known ones.
So basically only insiders got in.
Here's a thought. Whitelisted whales have ruined this ICO and the masses trying to flood in behind them are revealing the shortcomings of the Ethereum network. What an absolute clusterfuck this launch has been. Down with Eth and their illegitimate assets. Long live the BTC!
Ethereum price is already dropping...