Pages:
Author

Topic: Eth Berlin Upgrade and Gambling - page 3. (Read 665 times)

hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
April 18, 2021, 10:06:01 AM
#42
I don't think that ETH Berlin hard fork upgrade will affect the frequency of gambling. Those who want to gamble always gamble, and high fees aren't much of a contributing factor here. Plus many casinos offer other options, different altcoins, so when the fees are skyrocketing you can switch to them.
You are right. Gamblers do not care about that because if they use crypto to gamble, they will find out how to still gamble and use the other alternative coins they already knew before. That will not impact them, and if the fees can really reduce because of that update, that will be good for them because they can back to use ethereum. But if it is not, they will still choose their favorite coins to gamble. But we hope this update can affect and reduce the fees and if that happens, it could lift ethereum price to the next high price.
legendary
Activity: 2716
Merit: 1383
April 18, 2021, 09:15:40 AM
#41
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 gamblers who play in casinos which support multiple altcoins as currency are affected by the fees as they can choose the coin with the less fees.Ethereum fees has become higher relatively as of lately but they are still cheap compared to Bitcoin.I think gamblers will play the same amount and the Eth upgrade won't show any important impact in gamblers playing more because of the lower fees.
I still think it is going to have an effect, even if you are right and savvy gamblers can gamble with any coin that they want converting your BTC or ETH to another coin costs money so if the fees of an ETH transaction are cheaper than the fees of converting your coins to yet another coin and then send it to the casino then people will desire to use ETH, also many people are lazy and they do not want to do this so they will see some savings already with this upgrade and will increase the money that goes to the casino.
hero member
Activity: 1274
Merit: 622
April 17, 2021, 12:11:35 PM
#40
I don't think that ETH Berlin hard fork upgrade will affect the frequency of gambling. Those who want to gamble always gamble, and high fees aren't much of a contributing factor here. Plus many casinos offer other options, different altcoins, so when the fees are skyrocketing you can switch to them.
hero member
Activity: 2352
Merit: 953
Temporary forum vacation
April 17, 2021, 06:51:47 AM
#39
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. It seems high now at $2.50 but ETH was not always priced at 2500:)
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
April 17, 2021, 06:15:42 AM
#38
~snip
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.

yeah, there is a minimum 21000 gas for transaction, and it will go up with ETH price, that is for certain
nevertheless, I expect fees to go down from July, these EIPs will just improve animalities, when people have to pay 300 for gas, and average would still be around 100, I presume, until July, when I expect to see it below 50, with EIP-1559 and L2 solutions developed
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
April 17, 2021, 06:07:46 AM
#37
I suppose it would just be the same, besides there are literally dozens of crypto coins being used in gambling, not just eth. There might be a slight initial surge for eth gamblers but nothing major I think. What would probably go up is the amount of transactions for defi swaps and nft's.
but not all of the coins you calling are already welcome to other sites , actually they are adding some time after time and not instantly added when they are starting because almost every gambling sites starts with Bitcoin and Ethereum meaning these will be the great entry to push gamblers trust again to use ETH.
I was talking with my colleagues which I maintain their mining rigs and they were expecting this upgrade to bring a much higher price than the actual one?Only guessing or is there is something else we need to know about this upgrade?
Same looks for me , this will add value and not just to favor the gambling world in crypto.
hero member
Activity: 2590
Merit: 644
April 17, 2021, 05:57:53 AM
#36
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?
^ In my own gamblers do not even care if the fees are high. But having low fees would definitely be appreciated.
I can tell that after the update, there is a lot of good problems that will incur. One of them is having big traffics, time efficiency might be something we are going to have an issue as well. Probably, no matter what happens gamblers will always choose to placebos regardless. Those fees are like their orbits to the server.  Nevertheless, as long as we have platforms where we can enjoy playing that is enough for us.
full member
Activity: 756
Merit: 231
April 17, 2021, 05:15:07 AM
#35
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?
If at as February, 2021 when the entheruem fees was very high people still gamble with the same ethereum then there will be more push into gamblers using the ethereum for gambling when the fees drop again.   Basically people don't border about the fee of a particular coin if they are interested in gambling with it. People still gamble with Bitcoin and ethereun currently becasue of their love toward the games. The Berlin upgrade will do more to ethereum price booms this time.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
April 17, 2021, 05:04:11 AM
#34
I was talking with my colleagues which I maintain their mining rigs and they were expecting this upgrade to bring a much higher price than the actual one?Only guessing or is there is something else we need to know about this upgrade?
full member
Activity: 435
Merit: 125
April 17, 2021, 04:34:03 AM
#33
Same old story.
Low fees was only because of that bug so I don't see any change here and gas is currently around 200 gwei or around $10 for normal transaction.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
April 17, 2021, 04:29:51 AM
#32
As far as I know, the Berlin upgrade will not directly reduce the fees, but it is an important step before the developments that will lead to this. We have to hold on tight until ETH2.0 comes.
That’s also my thoughts upon seeing the news about Berlin, it may not affect directly but hopefully we’re near from having a cheaper ETH network again. Beside, I don’t think gamblers stopped playing because of a high fees, maybe they just look for alternatives bust most gambler didn’t mind paying fees because they are the high rollers, small time gambler really need a cheaper options, let’s all see if ETH 2.0 will succeed on reducing the fees.
legendary
Activity: 3234
Merit: 1055
April 17, 2021, 03:22:49 AM
#31

EIP1559 did not include reducing ETH max supply and miners still have the control for fees, not sure which degree of control. but then anyway, reducing to $4 per transaction fee is enough at least it's not more than $25. i guess it's worth it for the defi projects to be hyped again.

gamblers actually move to some other tokens to save from fees like XRP and TRX. this bull market had made these tokens worth using as well because the prices are also moving up.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
April 17, 2021, 03:22:20 AM
#30
Gamblers are the only cryptocurrency users who never think about the transaction fee and all. During the Berlin update the transactions delayed and some stuck to the network. This was notified by the gambling support team and now everything is on track. So, the Berlin update on ETH is going to make more active usage of ethereum.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
April 17, 2021, 02:33:01 AM
#29
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.
full member
Activity: 270
Merit: 100
April 17, 2021, 01:47:32 AM
#28
I suppose it would just be the same, besides there are literally dozens of crypto coins being used in gambling, not just eth. There might be a slight initial surge for eth gamblers but nothing major I think. What would probably go up is the amount of transactions for defi swaps and nft's.
hero member
Activity: 2968
Merit: 687
April 16, 2021, 03:42:06 PM
#27
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.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
April 16, 2021, 02:49:53 PM
#26
Within the ETH network? That was cheap and gamblers won't mind that.
Cheap compared to? Average ETH fees? I'm might be a cheap gambler since $4 can turn into $500 in slots (my record luck). Everyone I know uses XRP or TRX for gambling nowadays because it's blazing fast and cheap transaction.

We have to hold on tight until ETH2.0 comes.
We You and your friend maybe, lol.
I want to play nowGrin
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
April 16, 2021, 08:33:44 AM
#25
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 gamblers who play in casinos which support multiple altcoins as currency are affected by the fees as they can choose the coin with the less fees.Ethereum fees has become higher relatively as of lately but they are still cheap compared to Bitcoin.I think gamblers will play the same amount and the Eth upgrade won't show any important impact in gamblers playing more because of the lower fees.
legendary
Activity: 1974
Merit: 2124
April 16, 2021, 07:39:43 AM
#24
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?
We have seen high rise in the number of crypto gamblers during the past year even when the gas was high and network was congested because the gamblers who are addicted don't care about the fees if they win huge or if the winning amount is small the casino don't support only one altcoin and there are different altcoins options available with them with low fees but liquidity maybe a concern for which you can use Uniswap.But due to the eth upgradation the fees may or may not get reduce but one thing is for sure that gamblers will always like to place bet because it is habit which is not easy to leave.
legendary
Activity: 2128
Merit: 1775
April 16, 2021, 06:10:37 AM
#23
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?
It seems that most of the gambling sites have started implementing new coins to be able to accept deposits for their members at a lower cost than the current ETH gas.

Indeed in the world of gambling Bitcoin and Ethereum are the number one asset access in every gambling, but if the problem of shipping costs are always high, I am sure that in the future Eth becomes a spectacle on every gambling site, people may be more inclined to make deposits with transaction fees in cheaper coins.

I have seen many gambling sites that choose the coins they put on their gambling site.
Pages:
Jump to: