ETH Gas Fee Super High Now! - page 2.

boyz97

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Activity: 658

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Quote from: boled on February 18, 2019, 10:50:25 PM

ETH transaction fees depend on traffic, the more transactions, the more expensive fees, You can check transaction traffic and calculate fees through the ETH Gas Station website.
the following is the display when I make a post.

if you see the picture above, you can see full traffic / Real Time Gas Use: 100% Block Limit (last 10), I suggest you wait for traffic to go down, or raise 2x gwei gas from the standard price if your transaction wants to be processed quickly.

if this condition happen, maybe we could try using Mycrypto.many people said it has cheaper fee if compared with myethereumwallet.but if have same costs, we have to wait till traffic reduced.

boled

full member

Activity: 590

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ETH transaction fees depend on traffic, the more transactions, the more expensive fees, You can check transaction traffic and calculate fees through the ETH Gas Station website.
the following is the display when I make a post.

if you see the picture above, you can see full traffic / Real Time Gas Use: 100% Block Limit (last 10), I suggest you wait for traffic to go down, or raise 2x gwei gas from the standard price if your transaction wants to be processed quickly.

samcrypto

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Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: ?? on ??

I remembered that was the time for little moment. For some reason gas price had to increase but this was bug problem now all are going well.

Yes, and people are panicking that time almost all the transactions are slow that time. Well, we grow a lot not and the transactions are a lot more faster with a cheaper fees. ETH is a good coin for sure, and it will continue to grow high. The one week chart of ETH proves that it can move up high again.

fosco333

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Quote from: Daddyj2 on July 02, 2018, 03:06:36 AM

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

It is normal for Ethereum gas price to become higher if there are many transactions in the network.
The more transactions to be processed, the more the fees if you want your transaction in top priority.
Another thing might happening such as trading competition, it usually slowing the ETH network.

digitalblock

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Activity: 840

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Yes, there is a problem with Ethereum with gas, but now everything has become much better, if we compare what was before, when there is a complete update of the Ethereum network, everything will fall into place.

Ferris419

hero member

Activity: 1008

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Quote from: bararawe777 on February 18, 2019, 11:40:45 AM

That is the fundamental problem with ethereum. I don't know there is any solution.

This depends on how much pressure is being made on it. And depending on how much people are using it now. The gas fee is completely dependent on the Ethereum network. So there has no exactly the right solution.

bararawe777

newbie

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That is the fundamental problem with ethereum. I don't know there is any solution.

Classica35

jr. member

Activity: 518

Merit: 3

The transaction fee has now reduced, both in the day time and at night. Most times, I just like to transact at midnight, because by then, then gas price will likely be at 1 gwei, which to me is the cheapest.
Then to avoid spending too much on gas fee, even during the day, you can just simply use the one you I tend using and when it reduces to that point, if you are not in haste, it will execute.

cryptowolfsu

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With the ETH fork which will take place in mid January the gas prices of will decrease significantly
due to the upcoming reduction of miners payouts.

Barbatos

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www.becent.com

Quote from: Daddyj2 on July 02, 2018, 03:06:36 AM

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

I remember what it was, just because of the large amount of spam in the Ethereum network. This usually happens when you distribute new coins or promotions from a particular project.

mrkavasaki

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Quote from: kiarasatina on August 09, 2018, 03:14:42 AM

It is ordinary to have a time of high gas charges, particularly when their a major ICO up and coming in which Gas Competition will happen keeping in mind the end goal to buy the token quick against other. Simply hold up as it will kill not long after that occasion

I just sent ETH a few days ago, and I don't need much fee GAS to send it out. In addition, there are very few big ICOs that make people raise fee GAS to scramble to buy its token

spike420211

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Activity: 1610

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Quote from: pivxmen on August 09, 2018, 05:32:33 AM

Yes, I don't understand how gas can be expensive this month. when ethereum's price decreased. things that were very detrimental to me to send tokens.

It all depends not on the price of Ethereum, but on the load on the network. Gas is responsible only for how fast your transaction will be processed; if the network is overloaded, then low gas transactions will be processed last.

jekainvestor

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Activity: 924

Merit: 255

Quote from: slaman29 on August 09, 2018, 05:29:59 AM

Quote from: kiarasatina on August 09, 2018, 03:14:42 AM

It is ordinary to have a time of high gas charges, particularly when their a major ICO up and coming in which Gas Competition will happen keeping in mind the end goal to buy the token quick against other. Simply hold up as it will kill not long after that occasion

Nah, major ICOs no longer have that effect on the network. Or should I say, there are no more major ICOs that sell out in 5 seconds or whatever. If you check the last month since OP posted, there are 2 major things stressing Ethereum. The first is all those dapps as usual, gaming as usual when they hype is still fresh, especially the new fomo games (exitscam games). The second is those new exchanges with so called pay to vote systems. All kinds of different schemes now to attract new traders and spend money to get their useless ERC20 tokens listed. And everyone's rushing, so the miners are the happiest.

Completely agree with you, that new exchanges give a very high pressure on the Ethereum network, and even more new crypto games influence on the network, and if look at it more attentively, this direction is on the start of developing.

JohnMacZeppelin

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Here, of course, a very strange situation, because it seems to me that, on the whole, it may be otherwise, it is completely unclear where such prices come from, because there is no load on the network now. Let's see what will happen in a few time.

masterfu678

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Quote from: Daddyj2 on July 02, 2018, 03:06:36 AM

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

Why do you need such a small price Gwei? Personally, on the contrary, I am pleased with the increased activity in the network, it at least shows us that the network is not dead and at least something is happening in it.

Siegtal81

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Quote from: Daddyj2 on July 02, 2018, 03:06:36 AM

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

Watch and observe. I think this is repeated and occurs only when there are very interesting projects that give rise to resonance in the network and attract the attention of all people.

CryptoGosu

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Now the price of Ethereum is very low and for this fee in dollar terms are not large. I think it is convenient but it is bad for investors.

markieeeloy

jr. member

Activity: 296

Merit: 2

When many users are using ethereum as their transaction, the gas fee suddenly rise high. So it is just normal. Just wait for the transaction to be less to return back to normal gas fee.

dumplingsandsushi

member

Activity: 476

Merit: 41

One of the many flaws of Eth: Gas wars.

This can happen for a variety of reasons.
first off there is just simple bull runs. Like last Jan. when the market is hot and strong, the number of transactions increases causing congestion and longer confirmation times.
This equals to higher Gas prices.

Other things that have happened and continue to happen are high demand ICOs.
If an ICO comes along with a lot of hype and a limited buying window, it becomes like Black Friday in America.
so many people are trying to rush in and get the deal, that the congestion and fees spike like crazy.

Then you have the odd ones, like Crypto Kitties.
A game that became crazy popular for only about a month that caused insane traffic on the eth network.

holySaint

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Activity: 658

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According to future narration and plans of the Ethereum [ETH] team in
the future will be the minimum gas price and transfers even faster. So do not worry.

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