Eth fees are up 7000 percent - page 5.

zeze18

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Quote from: jamesashmore1964 on July 04, 2018, 03:29:39 AM

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!

Yeah this is so annoying when you just want to transfer tokens worth value is less than the fees.
Also the bounty hunter will received their rewards so slowly due to this
The devs should resolve this issue soon

Warry

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Activity: 308

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I think just because there are so many ICO projects are developing depend on ETH blockchain and it's the main reason for this case. New project mean new token and new more transaction in ETH blockchain and it make number of daily transaction in ETH blockchain increase very quickly and lead to this result. I think it's time for NEO and EOS to become next ETH and as I can see number of ICO project develop depend on NEO blockchain is increasing very fast.

silverleafy

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Activity: 538

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Quote from: jamesashmore1964 on July 04, 2018, 03:29:39 AM

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!

This is a good indicator that Ethereum is really used. Ethereum is experiencing something like Bitcoin in 2017 - overloaded network, so developers need to work on the scalability as soon as possible.

tuanytcc

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Quote from: ShareAccepted on July 07, 2018, 08:47:48 AM

Oh, it seems that some gas guzzlers are really acting in the ethereum network at the moment causing a bit of congestion. It should be just a matter of days.

ETH fee gas increased dramatically recently because of The Foin's exchange of China launched "Growth Project Market listing contest", which pushed token projects to call on their communities to deposit their token to Fcoin's exchange. This thing made many people send a big amount of token to Fcoin and made the ETH's network congestion

ccsang

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Quote from: bartolo on July 07, 2018, 09:15:01 AM

This is one of the weaknesses of Ethereum, a kitties game and an exchange with an extravagant idea are enough to congest the network causing problems that affect not only the fees but also the ICOs operation. I guess this will be something good for their competitors since many ICOs will consider using other platforms in the future.

ya, ethereum dev must solve this issue, current ethereum platform can't handle a lot of transaction in same time, more than 50 gwei per transaction right now, their competitors will replace ethereum become top 2 cryptocurrency in the future if ethereum don't solve the problem

jamesashmore1964

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Quote from: mastadonballs on July 07, 2018, 10:49:49 AM

I don't really know what is the reason for this case

. I'm also having trouble with my ETH transactions. I set gas for 30 but it's hours until now and my transactions don't get any confirm yet Sad

. Few days ago, I made an ETH transaction on Coinbase and I also realize that transaction fee was really high 0.002 ETH while it only was 0.000x ETH for transaction fee before. I don't really care about this too much until now when I'm being in this trouble Sad

Sorry to hear this!

hdtqisg

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Activity: 686

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This times, Gas fee to perform transactions on the Etherium platform is quite high! The possibility is that the net neural network does not meet the number of transactions spike! It takes several weeks for everything to stabilize.

mastadonballs

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Activity: 420

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I don't really know what is the reason for this case

. I'm also having trouble with my ETH transactions. I set gas for 30 but it's hours until now and my transactions don't get any confirm yet Sad

. Few days ago, I made an ETH transaction on Coinbase and I also realize that transaction fee was really high 0.002 ETH while it only was 0.000x ETH for transaction fee before. I don't really care about this too much until now when I'm being in this trouble Sad

fenzuijk

newbie

Activity: 56

Merit: 0

The cost of the ether is really too high. The market has a hot spot. It will be congested and cause many things to be impossible. This is also the biggest problem limiting the cryptocurrency market. Why can't anyone solve it?

CoinsOrDie

full member

Activity: 448

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Last week. I can not send deals with gas charges of 10 as always. Even taking one day is still nothing. When I increase gas to 80, it's easy. and now I see. ETH fees have increased dramatically. And like BTC

beskid

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We can assume that such a detrimental impact on the network was provided by the next marketing move of the FCoin exchange: the representatives of the exchange announced that they would systematically produce a list of tokens with the maximum number of deposits. Naturally, this caused an artificial increase in the number of transactions with tokens, for example, deposits on 1 coin . This "competition" started on June 28, and on July 2, the first winners were already listed. However, the timing of the end of this action is not known (according to the representatives of the exchange, they will be announced additionally). So far, every day, the top-5 coins with the largest number of deposits will be added to the stock exchange, and the ETH network will have to process these spam transactions.

Futurm

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It is true that the network of ETH is very bad and the service charge is very high.
Because the whole block is extremely congested Angry

egobit

newbie

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I am not currently trading on decentralized exchanges that support a smart contract.Commissions for transactions have become very large, the price of gas is changing quickly and many transactions are pending.Sadly, the Ethereum network is overloaded.

amacar2

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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.

jamesashmore1964

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Quote from: Ereun on July 07, 2018, 09:42:10 AM

Whereas most people want a low cost and that's what they want to expect from an altcoin, But let's take a look at what the impact is.

In my opinion the impact will be negative
Sorry to say this but I am speaking truthfully!

Ereun

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Whereas most people want a low cost and that's what they want to expect from an altcoin, But let's take a look at what the impact is.

jamesashmore1964

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Quote from: bartolo on July 07, 2018, 09:15:01 AM

This is one of the weaknesses of Ethereum, a kitties game and an exchange with an extravagant idea are enough to congest the network causing problems that affect not only the fees but also the ICOs operation. I guess this will be something good for their competitors since many ICOs will consider using other platforms in the future.

Cardano is the future: Charles left ETH because he knew it was flawed!

bartolo

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This is one of the weaknesses of Ethereum, a kitties game and an exchange with an extravagant idea are enough to congest the network causing problems that affect not only the fees but also the ICOs operation. I guess this will be something good for their competitors since many ICOs will consider using other platforms in the future.

thaokhuyen01

newbie

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It's hard to believe. When GAS prices are too high, one reason GAS is a trading floor is trying to drag investors to vote for their projects. It is very difficult for ETH payment in the system

ShareAccepted

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Oh, it seems that some gas guzzlers are really acting in the ethereum network at the moment causing a bit of congestion. It should be just a matter of days.

Topic: Eth fees are up 7000 percent - page 5. (Read 607 times)