A couple of years back, the average fee for an Ethereum transaction was around $0.05. Even if the Berlin hard fork manages to reduce the transaction fee, I am not expecting a very big reduction. At the most, it may come down to $5. Even at this point, making deposits in fiat is far more profitable than doing the same using Ethereum, especially for smaller amounts. So IMO, the Ethereum Berlin update will have only a minimal impact on the gambling sector.
It is such a shame, I really thought that the Berlin upgrade could bring some relief to the ethereum network and many people are complaining this is not the case or at best its impact is minimal, I get that ethereum is at its ATH right now but many people expected for the price of the fees to go down substantially and this is not something that has happened and at this rate it is not something that we should be waiting for as the upgrade seems to be ineffective and will not reach its stated goals. 
Topic: Eth Berlin Upgrade and Gambling (Read 649 times)
I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
I dont see any changes in eth transaction fees, berlin upgrade doesnt have an impact that can lessen the burden of fees.Anyway regardless of the transaction fees, this doesnt hinder the gamblers to play. I know some gamblers using eth regardless of the fee and there are also other altcoins that can be use as an alternative if btc and eth fees are big deal especially for average gamblers.
Berlin isn't the EP15 upgrade, the fees are still the same. it's still high as it is. i tried swapping just recently, the fee still the same.
Sportsbooks include many currencies for betting on ethereum Berlin upgraded crypto gambling although ethereum's fees are high gamblers bet on other currencies if the amount of transactions in ethereum decreases the amount of fee will decrease. Gambling will not be affected there is a huge demand in the market for other currencies.
one reason why using ETH to gamble still continues is that they still wanted to earn ETH as well. it's still a good token to keep when you have ETH because the price keeps going up. but there is also a reason to use Doge because the transaction fee is very little to be bothered about.
Sportsbooks include many currencies for betting on ethereum Berlin upgraded crypto gambling although ethereum's fees are high gamblers bet on other currencies if the amount of transactions in ethereum decreases the amount of fee will decrease. Gambling will not be affected there is a huge demand in the market for other currencies.
A couple of years back, the average fee for an Ethereum transaction was around $0.05. Even if the Berlin hard fork manages to reduce the transaction fee, I am not expecting a very big reduction. At the most, it may come down to $5. Even at this point, making deposits in fiat is far more profitable than doing the same using Ethereum, especially for smaller amounts. So IMO, the Ethereum Berlin update will have only a minimal impact on the gambling sector.
I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
As of now ? i care nothing about Ethereum and Bitcoin based gambling playing because I'm tired of their Fees in withdrawals and deposits.In which drives me to find sites that offers many options and that's how i find my gambling sites now.
This means that i only played with cheap altcoins and maybe use Bitcoin and ethereum once the fees becomes tolerable .
I am very happy to see lower fees back again on Ethereum gas network and will try my luck to play with it on some casinos and win some, because I think that the price of Eth will increase too quick that it will even surpass the speed of btc. I have been observing the markets and Eth looks a good bet to trade and gamble with.
That's right. ETH has been doing well in the past few weeks but I still consider it to be too much valuable coin to gamble with.
BTC and ETH are the coins that I often exclude while gambling and prefer the other coins because most of the times I lose and it doesn't feel good when I lose BTC or ETH
If you are lucky using ETH as your main asset while playing is good aside from winning from your gambling activities the very chance that the value will continue to increase.
You've got two birds in one stone if luck permits you after cashing out out your winning, exchanging your ETH to fiat surely delight you.
Winning and then the value increae, that's favors you not alone with gambling but as well with the fiat value of your ETH.
I am very happy to see lower fees back again on Ethereum gas network and will try my luck to play with it on some casinos and win some, because I think that the price of Eth will increase too quick that it will even surpass the speed of btc. I have been observing the markets and Eth looks a good bet to trade and gamble with.
That's right. ETH has been doing well in the past few weeks but I still consider it to be too much valuable coin to gamble with.
BTC and ETH are the coins that I often exclude while gambling and prefer the other coins because most of the times I lose and it doesn't feel good when I lose BTC or ETH
are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
I think so.
I meant addicted gamblers doesn't mind the transaction fee at all, because all they wanted is to feed their desires in gambling. But normal gamblers would love the new Ethereum that has lower fee, because who wouldn't love it, right? they could save up more in transaction fees and they could add it up to their funds in gambling.
However, I think there's still a problem about the synchronization of ETH BERLIN upgrade because there are still transactions that has expensive fees here and here.
I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
As of now ? i care nothing about Ethereum and Bitcoin based gambling playing because I'm tired of their Fees in withdrawals and deposits.In which drives me to find sites that offers many options and that's how i find my gambling sites now.
This means that i only played with cheap altcoins and maybe use Bitcoin and ethereum once the fees becomes tolerable .
I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
I don't really think that we will see a massive increase in gambling just because of the ETH-Upgrade. I mean for small gamblers and betters it was a real pain that you had to pay 20$ fee for a 50$ or 100$ transaction, but i still think that if you really want to gamble than even those very high fees will not deter you from doing that. In the last 2 days the Gas fees are almost constantly down to around 50 gwei now, which means like 2,50$ gas fee for a ETH transaction. This is of course way more convenient for everyone using the ETH network including gamblers.
Well, we have alternatives! That's important! And people who search a bit can find them too!
We talk like high fees are affecting small gamblers, they affect small traders, investors... what can you do with 50-100 dollars when fees can be that high as well, double spending for what? I am disappointed in Ethereum, and I don't think I will use it anymore as I use to..
And gambling is gambling! People will gamble in any way, with anything... Ethereum as a whole can't affect the gambling industry, so why would Ethereum fees have a stronger impact?!
I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
I don't really think that we will see a massive increase in gambling just because of the ETH-Upgrade. I mean for small gamblers and betters it was a real pain that you had to pay 20$ fee for a 50$ or 100$ transaction, but i still think that if you really want to gamble than even those very high fees will not deter you from doing that. In the last 2 days the Gas fees are almost constantly down to around 50 gwei now, which means like 2,50$ gas fee for a ETH transaction. This is of course way more convenient for everyone using the ETH network including gamblers.
Both BTC and ETH now does have low fees which we can already make out some plays on using these coins.
That's compared to the fees that they had, not with the fees compared to other altcoins. Doge LITE and a few others have way lower fees compared to these two, and a few casinos also accept said altcoins, so why bother choosing those two when you can choose the one with the lowest fees right? The only reason ETH would ever be used to gamble is that the Berlin Upgrade manages to lower the fees to the levels of what those altcoins experience. As for BTC, well, just wait for the network to actually calm down, then send it though it still has quite a hefty fee imo. I know most of our crypto casinos and sportsbooks support ethereum deposits, but with the upcoming ethereum Berlin upgrade which is most likely to push transaction fees down, are people going to gamble more knowing that most of us are familiar to the coin and expect lower fees from today?
Ethereum is the second most expensive cryptocurrency right now if I'm not mistaken so only rich people can only afford to use it just to gamble. Even if the fee is low I don't see the reason why would someone use it to gamble. Ethereum is too precious for me just to use it in gambling because it can be used for fees when using their network. Most gambling websites now accept multiple cryptos and I'd rather choose the cheaper ones rather than the likes of BTC, BNB, or ETH.
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That certain update did really make some significant impact towards high gas fees and when i do check out https://etherscan.io/gastracker it is playing around
$1 - 3 maximum which is great.
For those ETH enthusiast out there then this is really a big improvement or news for us to make use of ETH once again in terms of transactions.
That certain update did really make some significant impact towards high gas fees and when i do check out https://etherscan.io/gastracker it is playing around
$1 - 3 maximum which is great.
For those ETH enthusiast out there then this is really a big improvement or news for us to make use of ETH once again in terms of transactions.
Yes the berlin upgrade has brought a significant change in the fees because I was required to pay more than $13-$20 per transaction and it came down to $1-$4 which is much better than older days. As Eth crashed a bit and may crash more, I would wait and buy more lower and then gamble it on my favorite Eth-only casinos, and will sell it when it goes back high in price.
I dont really tend to mix up trading or investment with gambling where i do make separate when the time i do play then i dont think up about on spending since those are already been allocated.
It will just boggle up your mind towards your gameplay which can really affect when you do seek for entertainment.No doubt that ETH is good to hold on but there are people whom do
really love on making use of it aside from bitcoin..
Both BTC and ETH now does have low fees which we can already make out some plays on using these coins.
<<>>
That certain update did really make some significant impact towards high gas fees and when i do check out https://etherscan.io/gastracker it is playing around
$1 - 3 maximum which is great.
For those ETH enthusiast out there then this is really a big improvement or news for us to make use of ETH once again in terms of transactions.
That certain update did really make some significant impact towards high gas fees and when i do check out https://etherscan.io/gastracker it is playing around
$1 - 3 maximum which is great.
For those ETH enthusiast out there then this is really a big improvement or news for us to make use of ETH once again in terms of transactions.
Yes the berlin upgrade has brought a significant change in the fees because I was required to pay more than $13-$20 per transaction and it came down to $1-$4 which is much better than older days. As Eth crashed a bit and may crash more, I would wait and buy more lower and then gamble it on my favorite Eth-only casinos, and will sell it when it goes back high in price.
I am very happy to see lower fees back again on Ethereum gas network and will try my luck to play with it on some casinos and win some, because I think that the price of Eth will increase too quick that it will even surpass the speed of btc. I have been observing the markets and Eth looks a good bet to trade and gamble with.
Not really that much because ETH gas isnt really that low as it should be or really been compared back in the past where transactions do only need some some cent to make a transferbut somehow these numbers are really a big improvement.
That certain update did really make some significant impact towards high gas fees and when i do check out https://etherscan.io/gastracker it is playing around
$1 - 3 maximum which is great.
For those ETH enthusiast out there then this is really a big improvement or news for us to make use of ETH once again in terms of transactions.
I am very happy to see lower fees back again on Ethereum gas network and will try my luck to play with it on some casinos and win some, because I think that the price of Eth will increase too quick that it will even surpass the speed of btc. I have been observing the markets and Eth looks a good bet to trade and gamble with.
Still, even though the Gwei is below 50, for me this is still high and until now I still can't use ETH to bet because it is indeed constrained by gas costs.Currently, what I know when playing on rollbit the ETH withdrawal there is $4 while BTC is $30 more expensive and LTC is lower, so that's the option that I use as low as any I will use because in gambling it is the same as using other cryptos as well.
And with the ETH Berlin upgrade, there is no significant change, whether it's wrong or not, I just heard that in July ETH gas will be lower and more stable.
I am very happy to see lower fees back again on Ethereum gas network and will try my luck to play with it on some casinos and win some, because I think that the price of Eth will increase too quick that it will even surpass the speed of btc. I have been observing the markets and Eth looks a good bet to trade and gamble with.
I believe most of the gamblers are not using major crypto like BTC and ETH for gambling but are rather saving them because of both, their prices and their fees. Everyone is familiar with how high the fees are, due to which gamblers have chosen other alternatives such as TRX, XRP and even DOGE and if the fees will show any signs of decline, then the gamblers will be definitely happy in dragging their ETH to their desired gambling websites and gamble with it.
I really think that this is a more important reason why people are not gambling with bitcoin and ethereum than the fees, bitcoin is simply too valuable and people do not want to gamble with it because even if they know that altcoins have a higher potential there is a high chance that most of those coins are not going to exist during the next years, while in the case of bitcoin and ethereum we know those two coins are going to remain at the top of the market for the foreseeable future and people want to keep holding them. Jump to: