Topic: ETH gas fees are a joke. - page 5. (Read 1167 times)
There are many new project taken bsc network so you should move on bsc network for reduce your transaction fees. Personally i totally kick out eth network and now i am very comfortably bsc network. Here is bsc network low transactions cost with super faster network. Even many good wallet have a opportunity to use bsc network.
Historically, speaking since EIP1559, the gas fees are pretty low actually:
But yeah, this is very much a weird subject. Because on the one hand, it's super expensive to use the network. And yet the ETH network is valuable enough that people use it anyway. And when people do that, all ETH holders benefit as ETH is burned away from the network, potentially forever since we're presently at -0.17% since the merge happened and decreasing.
The major thing I guess is for anyone that wants to use it to be very patient. Over the coming 1-5 years, there will be upgrades to the L1. Either that or start jumping on and using L2s.
But yeah, this is very much a weird subject. Because on the one hand, it's super expensive to use the network. And yet the ETH network is valuable enough that people use it anyway. And when people do that, all ETH holders benefit as ETH is burned away from the network, potentially forever since we're presently at -0.17% since the merge happened and decreasing.
The major thing I guess is for anyone that wants to use it to be very patient. Over the coming 1-5 years, there will be upgrades to the L1. Either that or start jumping on and using L2s.
You are very correct, i remember building stuff on the chain, testing was going good on the testnet, the moment i wanted to switch to mainnet to do the pilot test, the fees made us to discontinue the project, we have since started building stellar, In my own opinion, if etherum can fix this high cost of gas, I will be among the people to be building stuffs on their chain.
There is no other way if you have ERC20 network type assets, I think gass $3 is very standard compared to last few months which can touch $15 per transaction on ERC20 network.
the cheap one at this time is definitely the BEP20 network
the cheap one at this time is definitely the BEP20 network
Some operations on the ETH blockchain consume more gas than others. For instance, sending an ERC-20 token costs less than swapping tokens at Uniswap exchange. It all depends on the complexity of the smart contract or token itself. If you want to know an estimate of how much you'll be paying in ETH gas fees, I'd suggest you take a look at Etherscan's Gas Tracker.
I wouldn't use the recommended fee set by Metamask, as sometimes you end up paying more than what the network is currently asking. Setting fees manually would be your best bet to save as much money as possible. There's nothing we can do about this other than wait until fees decline, use a L2 scaling solution, or switch to an alternative Blockchain network such as BNB or Polygon. Let's hope ETH scales soon, so it could become much more accessible to the "average Joe". Just my thoughts
metamask only prepares excess fees to keep your transaction successful, the rest will be in your wallet again, I once sent eth and fees charged 10$ because the network was congested, but in the end I only got 3$ and the rest was returned to our wallet.
There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask
Yes, there is an option there but it was recommended to follow what has been suggested already because changing it low will likely end up failing the transaction process and short of fees. And sometimes it happens that it was deducted already in your wallet and you need to spend other $$$ to continue, meaning instead of thinking you pay less but in this situation, you are spending more. That is why we better follow what has been recommended gas fee or better to increase it for faster confirmation. but if someone really need to use ethereum like maybe they've got nfts in there, then just wait until gwei required is decreasing.
There is no other way if you have ERC20 network type assets, I think gass $3 is very standard compared to last few months which can touch $15 per transaction on ERC20 network.
the cheap one at this time is definitely the BEP20 network
the cheap one at this time is definitely the BEP20 network
for me the eth gas fee has indeed been a problem since I first got to know the world of crypto, because the gas fee is very expensive of course, so it will be very detrimental if we make small transactions, therefore I prefer to use the BSC network
the problem with ethereum is that, their gas fee was initially cheap enough, i'd say the required gwei aren't changing that drastically, but the value of ethereum is increasing so high that each gwei costs really high. therefore I think unless ethereum is losing its value, its gas fee will always stay this high. 
There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask
Yes, there is an option there but it was recommended to follow what has been suggested already because changing it low will likely end up failing the transaction process and short of fees. And sometimes it happens that it was deducted already in your wallet and you need to spend other $$$ to continue, meaning instead of thinking you pay less but in this situation, you are spending more. That is why we better follow what has been recommended gas fee or better to increase it for faster confirmation.
There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask
for me the eth gas fee has indeed been a problem since I first got to know the world of crypto, because the gas fee is very expensive of course, so it will be very detrimental if we make small transactions, therefore I prefer to use the BSC network
You don't have to think about that because on-chain data shows it all for us.
Since 2018, Bitcoin network has never gave us costly experience when we have to broadcast our transactions with fee rates like 50 sat/vbyte or 100 sat/vbyte to get a first confirmation within 30 minutes to 1 hour. It has never come back in the last couple of years even with Bitcoin Ordinal recent months.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),all,weight
Ethereum did not resolve its expensive transaction fee since 2018. Last 24 hours, average transaction fee is nearly $10. https://blockchair.com/ethereum
Full chart https://blockchair.com/ethereum/charts/average-transaction-fee-usd
It becomes cheaper than in the past years but is still very expensive for non-whale users.
Since 2018, Bitcoin network has never gave us costly experience when we have to broadcast our transactions with fee rates like 50 sat/vbyte or 100 sat/vbyte to get a first confirmation within 30 minutes to 1 hour. It has never come back in the last couple of years even with Bitcoin Ordinal recent months.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),all,weight
Ethereum did not resolve its expensive transaction fee since 2018. Last 24 hours, average transaction fee is nearly $10. https://blockchair.com/ethereum
Full chart https://blockchair.com/ethereum/charts/average-transaction-fee-usd
It becomes cheaper than in the past years but is still very expensive for non-whale users.
That's because Bitcoin developers have implemented a series of network upgrades targeting scalability. SegWit and Taproot upgrades have made fees cheaper on the BTC blockchain over time. On the other hand, Ethereum hasn't dealt with scaling issues at a deeper level because developers have been hyping the PoS upgrade too much. Until Sharding comes in, ETH gas fees will continue to rise like there's no tomorrow.
Let's see how serious ETH developers are when it comes to making the Blockchain cheaper and accessible to all. I really hope they're not "stalling" people with the PoS upgrade, instead of focusing on what matters most (which is scaling the main Blockchain itself). L2 scaling solutions are good, but not all dApps use them. On-chain transactions is what every cryptocurrency is all about.
Fortunately, ETH gas fees won't stay high forever. With due time, ETH will be able to live the "glory days" as a cheap and fast Blockchain for "De-Fi". Who knows if lower fees will lead towards higher market prices for ETH in the long run? Just my thoughts
I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.
Have you tried using ETH before or atleast last bull market? ETH is known for it's very expensive gas fees that will make you either regret using ETH or question yourself on why did you own an ETH blockchain token. Last bull market people are crazy minting an NFT with the crazy amount of gas fees. I myself paid my most expensive gas fee on a single transaction worth more or less 100$ on just a transfer. Even with current ETH update, Fees are still high in my opinion. I miss the days where the fees doesn't exceed a dollar LOL. I always find it funny how transaction fee is dependable from altcoins price, people want altcoin price to always grow, but complain that transaction fee price also increase
Want cheap fees - use altcoin that cost nothing. If Ethereum would cost 200-300 bucks like it was in 2018, than it would be reasonable to complain that fees are high. But since Ethereum price is near 2k now, paying 10 bucks for gas seems to be fair price. If it is still expensive, than go to BSC or other blockchain. I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.
Have you tried using ETH before or atleast last bull market? ETH is known for it's very expensive gas fees that will make you either regret using ETH or question yourself on why did you own an ETH blockchain token. Last bull market people are crazy minting an NFT with the crazy amount of gas fees. I myself paid my most expensive gas fee on a single transaction worth more or less 100$ on just a transfer. Even with current ETH update, Fees are still high in my opinion. I miss the days where the fees doesn't exceed a dollar LOL. 
Ethereum gas fee was worse in the past, i think $9 is far lower than before.
When ethereum algo still pow, many miners were mining eth and got a good profit because the gas fee is very high.
Now ethereum algo is no longer pow, and the gas fee is getting better than before.
When ethereum algo still pow, many miners were mining eth and got a good profit because the gas fee is very high.
Now ethereum algo is no longer pow, and the gas fee is getting better than before.
The Ethereum gas fees has no fixed price and is keep fluctuating from time to time, mostly when conjunction of transaction of Ethereum is much, and it makes it higher at the same time, is good to know a particular hours to carry you're transaction, mostly early hour of the day or late hours is also more favourable and cheap gas fees to carries out a transaction.
I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.
indeed a Blackmail. the thing has come down to a rip off, of everyone in the ecosystem and feeding only the Miners. i can't see how that's Sustainable. 
I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.
well, Truth be Told I stopped Using the Ethereum Blockchain because of the High fees, it's absurd to say the least, you can't do successful business when the cost of doing business swallows up the potential of Profit.
That said I understand that those using it are the ones with deep pockets and even at that you will have to find the optimum time of the day when network congestions are less.
well, if you insist on using the chain, here is a suggestion, im not sure the extent it'll go to solve your problem but...
You can try using a different wallet software that supports lower gas fees, such as Argent or Gnosis Safe. Alternatively, you can try using a layer 2 solution such as Polygon or Optimism that can offer lower gas fees and faster transaction confirmation times.
That said I understand that those using it are the ones with deep pockets and even at that you will have to find the optimum time of the day when network congestions are less.
well, if you insist on using the chain, here is a suggestion, im not sure the extent it'll go to solve your problem but...
You can try using a different wallet software that supports lower gas fees, such as Argent or Gnosis Safe. Alternatively, you can try using a layer 2 solution such as Polygon or Optimism that can offer lower gas fees and faster transaction confirmation times.
not surprised by that. I think many people feel the same way, I've even made transactions with higher fees than that. After all, it's a thing that needs to be done, so like it or not, we have to pay that fee to make a transaction. The only way to make cheap transactions is to always check the gas fee. If at that time the gas is cheap, then make a transaction, that way you might get a cheaper fee.
The issue with ethereum is that since it is the home of so many coins there is barely any time in which the fees are not high, as there is always a coin pumping out there which increases the price you have to pay to send your ethereum or some other coins you may have in your wallet, this is why it is even more important for ethereum to try to find a solution to this problem, because if the developers cannot do this then they will lose users to other coins which can do this. Jump to: