The fees are increasing day by day. The miners are getting benefited with it. But, the investors are worried about it.
Topic: Eth fees are up 7000 percent - page 4. (Read 619 times)
According to https://ethgasstation.info/
Standard fee for fast confirmation in ETH is around 50 cents which is way higher than what it will cost to transfer bitcoin and bitcoincash right now.
One of my transaction got stucked for atleast 13 hours before getting processed because I have only used half of the recommended to save on fees yesterday.
ETH have this known network congestion problem from the start and vitalik haven't proposed any successful solution for this till now.
Standard fee for fast confirmation in ETH is around 50 cents which is way higher than what it will cost to transfer bitcoin and bitcoincash right now.
One of my transaction got stucked for atleast 13 hours before getting processed because I have only used half of the recommended to save on fees yesterday.
ETH have this known network congestion problem from the start and vitalik haven't proposed any successful solution for this till now.
This is the inevitable end for all crypto currencies with blockchains.
Here is Ethereum's solution: https://raiden.network/
There isn't a solution to worldwide scaling other than layer2 techs (like LN on BTC). Now It's eth's turn to understand that. When worldwide adoption gets wider, other shitcoins will too understand it. (They can get away with empty blocks and low fees now since nobody really using their blockchains.)
The possibility of eth price will increase because the current price is not worth the cost of sending eth. everyone will hold eth and cause eth price will increase in market.
In addition the ETH network is struggling because of airdrops. If you own ETH you are lucky if the price doesn’t go down. It is showing its FLAWS and ihe media are going to make it look worse than it already is!
It does happen sometimes. I think it might be due to some massive activity going on somewhere in the cryptospace. Last year, cryptokitties clogger the ETH network for a long time. ETH network serves a lot of coins and so it does happen, but anyways it's still a flaw and they need to find a solution to that somehow
It is very strange to see how the payment for gas is growing, I do not understand where these prices come from, the network is not overloaded, and if it is overloaded, why are such large prices? Vitalik do something with gas prices, it's very expensive.
In addition the ETH network is struggling because of airdrops. If you own ETH you are lucky if the price doesn’t go down. It is showing its FLAWS and ihe media are going to make it look worse than it already is!
but I think this is still fairly normal, a few days ago I tried to make transactions in trading. and it does not cost so much. you may be wrong to check and correct again
The present gas fee is not too hard to bear. I have made a lot of transactions and i have not spent up to $1 on every transaction made through my wallet. This is not even in anyway close to what is charged by BTC network or any exchange. As a matter of fact i still know of so many people who are holding their ethereum and not selling in panic.
According to https://ethgasstation.info/
Standard fee for fast confirmation in ETH is around 50 cents which is way higher than what it will cost to transfer bitcoin and bitcoincash right now.
One of my transaction got stucked for atleast 13 hours before getting processed because I have only used half of the recommended to save on fees yesterday.
ETH have this known network congestion problem from the start and vitalik haven't proposed any successful solution for this till now.
Ethereum should be mature now they need to solve the solution of the blockchain. There's alot of ICO who really wants to get money from investors. That's why i choose Nem Blockchain and it is much safer to create ICO there. Standard fee for fast confirmation in ETH is around 50 cents which is way higher than what it will cost to transfer bitcoin and bitcoincash right now.
One of my transaction got stucked for atleast 13 hours before getting processed because I have only used half of the recommended to save on fees yesterday.
ETH have this known network congestion problem from the start and vitalik haven't proposed any successful solution for this till now.
This is quite sad. The process of sending a transaction on my bancor instead of $ 6 with Gas, it has increased to $ 30. Perhaps waiting for signal from Buterin to confirm, over time, ethereum network may be a problem. They always complain about bitcoin's transaction fees and ETH idolization. 
For this reason, ETH has to be seen as a platform for ”beta versions” of projects. It is way easier to use the already existing platform, but right now, it is overloaded by a massive number of tokens and transactions are therefore slow or expensive. On the other hand, I am really positive about it as serious projects are making their own independent blockchains. Everything has it's + and -, but as ETH scaling problem is going to last here for a while, leaving its network might be the best way of making it more stable and less expensive for users.
unbelievable. Trading fees of ETH are higher than BTC. I had to adjust the gas = 200 gwei. My transactions are prioritized for confirmation. Hopefully Vitalik Buterin will fix the problem as soon as possible
It's pretty funny because few months ago, when bitcoin's fees started to be an issue for bitcoin's users- Ethereum users laughed at bitcoin's users and one of the things that they presented as an advantage over bitcoin was the very low fees that ETH had compared to bitcoin.
Now when bitcoin has a much lower fees as the lightning network just came out and provides a solution for bitcoin users- the fees factor is no longer being presented when comparing between bitcoin and Ethereum, people likes to show the parameters based on the result they want to see.
Now when bitcoin has a much lower fees as the lightning network just came out and provides a solution for bitcoin users- the fees factor is no longer being presented when comparing between bitcoin and Ethereum, people likes to show the parameters based on the result they want to see.
In addition the ETH network is struggling because of airdrops. If you own ETH you are lucky if the price doesn’t go down. It is showing its FLAWS and ihe media are going to make it look worse than it already is!
I heard that someone is opening a new exchange on the Ethereum platform. Personally, I have such a commission cause even greater dislike for ETH, since I usually trade on the dex platforms. The volume because of this fell heavily too.
I must confess the rate at which the ethereum network has congestion has not been properly digested with the users of both ethereum and other tokens in the decentralized application as they also charge high fees.
One of the most important factors of the crypto money world is mining. There is a problem in the ethereum network and it must be removed as soon as possible. Otherwise, all crypto money markets will be badly affected.
My metamask transaction are full of pending status. Increasing the price to thrice too didn't helped.
The congestion is not just hampering Ethereum but also to every tokens in it's platform. Decentralized exchanges are at halt.
The congestion is not just hampering Ethereum but also to every tokens in it's platform. Decentralized exchanges are at halt.
It seems to me that these are temporary Ethereum difficulties. Remember the price for bitcoin transactions last fall, there was a crisis and we are still waiting for the majority to switch to the lightning network technology. After some time, the situation with the ETH transactions will be also stabilized. I'm sure Vitalik will follow this.)
I hope ethereum will soon find a solution to the current problem.
The high fees annoy somehow. I hope the fees will go down soon.
The high fees annoy somehow. I hope the fees will go down soon.
In addition the ETH network is struggling because of airdrops. If you own ETH you are lucky if the price doesn’t go down. It is showing its FLAWS and ihe media are going to make it look worse than it already is!
Yes the whole F coin fiasco is to blame. They have single-handedly clogged up the whole network just for some free publicity.
Either ways there really isnt much we can do about it right now, except wait for fees to come down. Most likely we will have to bear with it for about a month or so i think
All most 90% of the ICOs and dapps run on the ethereum Blockchain this is already predicted by the industry expert that ethereum too will face scalability problem in future. The day has been arrived and is very near ethereum should improve its Scalability else there are lot of competitors available in the market which will take away market of ethereum.
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