I mean, BTC is still used even with high fees, what more other coins that have low ones no? Not to mention that most casinos originally accept BTC and ETH as most of their choices as coins for crypto gambling. Still as of recent afaik, coins like DOGE and LITE that have relatively cheap fees are the ones that are one of the most being adopted, and most accepted by gamblers to use to gamble (instead of the other two I've said). Now if the ETH fees were to go to the level of how DOGE and LITE fees are, you can expect that another new coin would probably be mostly used by gamblers now.
Still, a wait and see attitude is a must since it isn't a guarantee that the fees would actually go down that much, heck or even go lower at that. Not to mention that would it even last in the long run? I'm pretty sure most ( at least I would) would want a coin to actually have low fees in the long term so that I don't have to go and look for other options.
Topic: Eth Berlin Upgrade and Gambling - page 2. (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 don't think that the Berlin update is going to change the transaction fee by a great deal. Ethereum developers have made tall claims previously as well, but very few of such claims got realized. I am not saying that there will be no change in the gas pricing. Nowadays an average user is paying as much as $10 for a single transaction. This may come down to $7 or $8 per transaction. But on the ground, it is not going to make much difference. After a few months, the fee will again go up, which will leave the users frustrated. What we need is a permanent solution, and not some patchwork.
I think that the new ETH fees are very high, the Berlin Hard Fork has undoubtedly caused ETH to rise in price, this is well seen by investors worldwide and in casinos those bettors know that their ETH is more valued. If you are experiencing this good news in the price of ETH, you know that the update ETH1 to ETH2 is about to come out in the coming months, which will represent the definitive solution, this will cause more fury to bet on players. The effect and the impact will be unique, ETH is living its best moment, it has a prolonged growth although Bitcoin falls due to its natural correction, but ETH shines and every player when they see their gains in ETH they want to enjoy them will want to bet much more, if you have coins ETH and you know that they are being valued and that you can make them grow even more, it is logical that if you are on a good roll there will be no hesitation in betting.
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.
The majority of those depositing money in the gambling platform are through other smaller coin (xrp, LTC, trx), this can be helpful if these blockchain of LTC and xrp, even Solana. The upgrade will be a good ones for gamblers and gambling platform.
Berlin Upgrade is supposed to lessen the fees but we can't see right away some improvements.
But who else doesn't want to deposit and withdraw thru the ETH network again without worrying about fees? I'm looking forward that someday we can get back again on usual where we are paying less gas transacting within the ETH network.
But who else doesn't want to deposit and withdraw thru the ETH network again without worrying about fees? I'm looking forward that someday we can get back again on usual where we are paying less gas transacting within the ETH network.
So far the Ethereum berlin upgrade which a lot of Ethereum enthusiasts expected to be the answer to the network congestion and literally hike in ETH transaction fee seems to be a failure maybe we still have to wait for some days before the berlin upgrade will take effect but the ETH team seems not to care about the affection of their project enthusiast.
Having said that, the hike in ETH gas fee don't stop or limit gambler from gambling because most casinos accept LTC as payment.
Having said that, the hike in ETH gas fee don't stop or limit gambler from gambling because most casinos accept LTC as payment.
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 don't see why a new casino (or a new game) should start on Ethereum at all.
Maybe because ETH is already a part of a commonly accepted payment crypto like it should always be included together with BTC.
But today, it's not about new sites, but existing sites add and consider some other payment options to make room for their users to choose whatever will give them some convenience with low transaction fees.
maybe wait for the effect of this berlin hard fork this month and see if there will be improvement in gas efficiencies.
The improvement might take several months or even years. Hopefully, it will as not just for gambling but I have lots of tokens residing in ERC20 network.
For me, just forget ETH in terms of using it on gambling as there are lots of options to choose from that can save our pockets to pay on more fees.
For me, just forget ETH in terms of using it on gambling as there are lots of options to choose from that can save our pockets to pay on more fees.
I see it the same way, there are already enough alternatives to the ETH Blockchain, especially in terms of low transaction fees and throughput of the Blockchain. I don't see why a new casino (or a new game) should start on Ethereum at all. maybe wait for the effect of this berlin hard fork this month and see if there will be improvement in gas efficiencies.
The improvement might take several months or even years. Hopefully, it will as not just for gambling but I have lots of tokens residing in ERC20 network.
For me, just forget ETH in terms of using it on gambling as there are lots of options to choose from that can save our pockets to pay on more fees.
It really doesn't make sense to gamble with ethereum in such conditions. Imagine small gamblers depositing 50$-100$ to play.
They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
But it depends, if ethereum is the only coin you are holding such fees may seem to be too high when we think of such capital however how much money is going to cost to send your ETH to an exchange, convert it and then send it to a casino, and that is assuming the casino in which you want to gamble accepts transactions directly from exchanges, if you are gambling in a casino that does not then you need to add an additional step and send it to a wallet you control and then to the casino, such are movements bound to be more expensive so in that case it is better to just take the high fees of ethereum instead of doing all of that.They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
Ethereum is only interesting to transact in big volumes and for most gamblers I think it's not interesting. Besides not having such amounts disponible to play, they can also lose control towards so much money in front of their eyes and gamble all at once.
with so many reputable casinos to choose from and each of them are offering a lot of alts choices, a gambler even a small timer should not have any problem playing these days. eth is just one of the choices to play with. and with their high fees, you can always opt for other alternatives. just check your casino you want to gamble with and send coins that you want to use.
but of course for eth holders, they want to use it but not practical at the moment. maybe wait for the effect of this berlin hard fork this month and see if there will be improvement in gas efficiencies.
if you are really after on playing gambling although you would be using other coins which would really make you to play without worrying about fees.
Dont know on why people do keep on complaining about fees and gambling if they can really see another alternative.
It really doesn't make sense to gamble with ethereum in such conditions. Imagine small gamblers depositing 50$-100$ to play.
They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
But it depends, if ethereum is the only coin you are holding such fees may seem to be too high when we think of such capital however how much money is going to cost to send your ETH to an exchange, convert it and then send it to a casino, and that is assuming the casino in which you want to gamble accepts transactions directly from exchanges, if you are gambling in a casino that does not then you need to add an additional step and send it to a wallet you control and then to the casino, such are movements bound to be more expensive so in that case it is better to just take the high fees of ethereum instead of doing all of that.They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
Ethereum is only interesting to transact in big volumes and for most gamblers I think it's not interesting. Besides not having such amounts disponible to play, they can also lose control towards so much money in front of their eyes and gamble all at once.
with so many reputable casinos to choose from and each of them are offering a lot of alts choices, a gambler even a small timer should not have any problem playing these days. eth is just one of the choices to play with. and with their high fees, you can always opt for other alternatives. just check your casino you want to gamble with and send coins that you want to use.
but of course for eth holders, they want to use it but not practical at the moment. maybe wait for the effect of this berlin hard fork this month and see if there will be improvement in gas efficiencies.
My fees on ETH have always been low at all the casinos I use,,, and I believe there are usually only issues with BTC withdrawal not others. Even when it was $200 per transaction supposedly I could withdraw my ETH for only a fixed price of 0.001 ETH.
I will assume that was before the Berlin upgrade right? Mind telling us what casinos are these?
ETH withdrawal is being avoided since then so like to know what sites are these that still friendly despite the high gas fees.
Now the current fees is $7 in minimum which i cant really believe that there are casinos who patch up fees with $2 rate and wondering if those would really be that confirmed fast?
For sure it would really be a several days pending depending on the network congestion so its not really that appealing.
It really doesn't make sense to gamble with ethereum in such conditions. Imagine small gamblers depositing 50$-100$ to play.
They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
But it depends, if ethereum is the only coin you are holding such fees may seem to be too high when we think of such capital however how much money is going to cost to send your ETH to an exchange, convert it and then send it to a casino, and that is assuming the casino in which you want to gamble accepts transactions directly from exchanges, if you are gambling in a casino that does not then you need to add an additional step and send it to a wallet you control and then to the casino, such are movements bound to be more expensive so in that case it is better to just take the high fees of ethereum instead of doing all of that.They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
Ethereum is only interesting to transact in big volumes and for most gamblers I think it's not interesting. Besides not having such amounts disponible to play, they can also lose control towards so much money in front of their eyes and gamble all at once.
My fees on ETH have always been low at all the casinos I use,,, and I believe there are usually only issues with BTC withdrawal not others. Even when it was $200 per transaction supposedly I could withdraw my ETH for only a fixed price of 0.001 ETH.
I will assume that was before the Berlin upgrade right? Mind telling us what casinos are these?
ETH withdrawal is being avoided since then so like to know what sites are these that still friendly despite the high gas fees.
It really doesn't make sense to gamble with ethereum in such conditions. Imagine small gamblers depositing 50$-100$ to play.
They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
But it depends, if ethereum is the only coin you are holding such fees may seem to be too high when we think of such capital however how much money is going to cost to send your ETH to an exchange, convert it and then send it to a casino, and that is assuming the casino in which you want to gamble accepts transactions directly from exchanges, if you are gambling in a casino that does not then you need to add an additional step and send it to a wallet you control and then to the casino, such are movements bound to be more expensive so in that case it is better to just take the high fees of ethereum instead of doing all of that. They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
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It really doesn't make sense to gamble with ethereum in such conditions. Imagine small gamblers depositing 50$-100$ to play. They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
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 think that it will create that big of an impact on the gambling platform. This upgrade is a huge benefit for traders though.
The Defi platforms will save a lot on fees since it would be decreased now.
For gamblers it would be more or less the same thing because they just deposit once and gamble with it until all of it is wiped.
Is this update relevant or just a joke? https://etherscan.io/gasTracker
Low
175 gwei
$9.01 | ~ 13 mins:55 secs
Average
187 gwei
$9.63 | ~ 30 secs
High
262 gwei
$13.49 | ~ 30 secs
According to this: https://decrypt.co/66569/berlin-hard-fork-live-promises-reduce-sky-high-ethereum-fees
Promises to Reduce sky-high Gas cost my ass.
That still too high for one transaction, but if the ethereum price is very high for about $3,000 or more, the transaction may make sense. But still, that is too expensive fees that the gambler should pay for playing gambling using ethereum. They will still use the other altcoin, which has a cheap transaction fee so they can play for some time. But let's wait for the next update from them because I guess that is just too early to see the fees now.Low
175 gwei
$9.01 | ~ 13 mins:55 secs
Average
187 gwei
$9.63 | ~ 30 secs
High
262 gwei
$13.49 | ~ 30 secs
According to this: https://decrypt.co/66569/berlin-hard-fork-live-promises-reduce-sky-high-ethereum-fees
Promises to Reduce sky-high Gas cost my ass.
They will have to pay 20%-10% of their total bankroll only in fees to be able to start playing, while there are much cheaper altcoins options that are also accepted by many different crypto casinos. Ethereum is only worthful for very big transactions right now.
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