Yes, it is ridiculous!
I see transactions with 200 gwei which were processing about 30 minutes. With such conditions it is very difficult not only move funds between wallets but also participate in ICO.
There were found several contracts that spam the network:
https://etherscan.io/address/0x429bf8ec3330e02401d72beade86000d9a2e19eb
https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
But I guess there are more of them. It would be interesting to know what the reason of this circus and what they are trying to accomplish?
Topic: ETH Gas Fee Super High Now! - page 6. (Read 1368 times)
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 think that in a few days the price of Gas will drop to its normal rate. I can not say exactly what the rapid rise in price is due to. I think that the bounty campaign will now suspend the distribution of rewards.
It is unbelievable in the past few days the price of GAS has risen too high. I am very nervous when the charges are high, transactions are very slow. How long will this condition last?
It is perfectly normal, and it is also a critical issue that need to be fixed in no time. High load of transactions is expected but it is still an issue since the inception of Ethereum.
What you should do is to set the gas price to the value that you want it to be. You do not have to use the gas price that is pre set there. It might go through slower if you reduce the gas price but that does not mean that it will not go through. Prices are still low so you do not have to worry about your transactions not going through because of an increase in transaction volume
Speed Gas Price (gwei)
SafeLow (<30m) 84
Standard (<5m) 84
Fast (<2m) 100
SafeLow Gas Price x40 in 2 days!
I'm found strange contract https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Token Contract: Gram (GRAM)
Latest 1 day 11 hrs https://etherscan.io/address/0xc801ad718521f65fab4ce45b5ae99f8436c5bd2d to this contract 77171 txns.
Maybe is it reason?
SafeLow (<30m) 84
Standard (<5m) 84
Fast (<2m) 100
SafeLow Gas Price x40 in 2 days!
I'm found strange contract https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Token Contract: Gram (GRAM)
Latest 1 day 11 hrs https://etherscan.io/address/0xc801ad718521f65fab4ce45b5ae99f8436c5bd2d to this contract 77171 txns.
Maybe is it reason?
There's probably someone with enough time and resources to screw up the blockchain again. This is the big and unsolvable problem that Ethereum designed upon itself: A platform in which people can develop trash like Cryptokitties to bloat up the blockchain.
Ethereum is broken by design and it will not end well. It's going to collapse someday. I hate to say that but I think it's what will happen. And im not convinced that any of these so called scaling solutions will save it as well.
Stick to Bitcoin if you want to hold crypto long term, everything else is too risky. Most likely all other systems have systemic flaws on their designs.
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.
You dont have to wait for the Gwei to drop that below. You can always set it to the 8-9 Gwei range but only the play here is it will take few hours to get your funds transferred.
Currently there is issues going on with the Fcoin airdrops and other airdrops too who are using heavy transaction and thus network has got too much congested. Obviously in such situation the prices for Gwei per transaction rises to overcome the stressed out network. Also in between the Gwei price does drop below 10 Gwei so keep watching the Gas Station page.
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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.
Ethereum is now experiencing same situation like Bitcoin in 2018. The network is overloaded now because many people use it in same time. Is that good? Probably right, but developers need to solve it quickly.
Awful. I chose GAS 80GWEI that more than 2 hours still pending, do not know what is going on
Hi. Agree with this. Ethereum network has been delayed in the past few days. If you want the transaction to become smooth. I think that raising gas charges is a necessity. I had some problems dealing with gas charges.
There used to be a network congestion because of the cryptokitties thing, now this high fee and another network congestion, this will happen again and again because of the ico and airdrop, the only positive side is there will be no more airdrop, well hopfully.
Yes, it will greatly affect the transaction. It looks like ETH is giving a bad strategy and it has a lot of impact on customers. If the transaction fee is not adjusted, people will have to look to another better platform like NEO to carry out the ICO project.
It is true that if GAS is kept at such a high value, it is not appropriate to distribute the bounty.
I think the reason why GAS keeps rising recently is because of the new token policy of Fcoin exchange.
I think the reason why GAS keeps rising recently is because of the new token policy of Fcoin exchange.
That could be an indicator of a bull run, lots of people using ETH and moving money.
BTC mempool/unconfirmed transactions have also been growing and are very high.
BTC mempool/unconfirmed transactions have also been growing and are very high.
Yes, the current GAS value is too high for me to accept.
Because such a high fee means a lot of money is needed to transfer token.
Because such a high fee means a lot of money is needed to transfer token.
Speed Gas Price (gwei)
SafeLow (<30m) 84
Standard (<5m) 84
Fast (<2m) 100
SafeLow Gas Price x40 in 2 days!
I'm found strange contract https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Token Contract: Gram (GRAM)
Latest 1 day 11 hrs https://etherscan.io/address/0xc801ad718521f65fab4ce45b5ae99f8436c5bd2d to this contract 77171 txns.
Maybe is it reason?
SafeLow (<30m) 84
Standard (<5m) 84
Fast (<2m) 100
SafeLow Gas Price x40 in 2 days!
I'm found strange contract https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Token Contract: Gram (GRAM)
Latest 1 day 11 hrs https://etherscan.io/address/0xc801ad718521f65fab4ce45b5ae99f8436c5bd2d to this contract 77171 txns.
Maybe is it reason?
That because a lot of ICO's convert their tokens to BTC and ETH for support price. When bitcoin is falling then every altcoin falling equal x2.
Most of the companies are likely wanted to distribute an ICO token to their investors or to distribute bounty tokens to their participants. This cause Ethereum blockchain overloaded and just want to confirm a higher gas fee.
The price of gas is too high. I'm already thinking about becoming a miner) They will soon become millionaires.I don't understand the strain on the network that we have to pay so much for gas.
It is normal to have a period of high gas fees, especially when their a big ICO upcoming in which Gas Competition will occur in order to purchase the token fast against other. Just wait as it will neutralize soon after that event.
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