ETH Gas transactions price is about to hit 300 - page 4.

seven.71

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Quote from: StreakW on August 16, 2020, 03:40:09 AM

Today August 16 based on https://etherscan.io/gastracker. Ethereum fee is reduced so much, I don't know what happens behind it but I think developers hear so many people complaining about the gas fee and try to fix it.

Quote from: S4VV4S on August 16, 2020, 02:41:02 AM

I believe the ETH price will hit 1k this year.

I'm not sure about this, but we hope it will

yes, the cost of gas has decreased drastically, it seems that there is a decrease in DEFI activity which causes gas costs to decrease because so far the cost of gas has increased due to DEFI activity which is currently HYPE

StreakW

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Today August 16 based on https://etherscan.io/gastracker. Ethereum fee is reduced so much, I don't know what happens behind it but I think developers hear so many people complaining about the gas fee and try to fix it.

Quote from: S4VV4S on August 16, 2020, 02:41:02 AM

I believe the ETH price will hit 1k this year.

I'm not sure about this, but we hope it will

joshua123

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Quote from: slashz9 on August 16, 2020, 01:18:13 AM

but the good thing is that eth prices continue to rise every day, I think some people are more than happy to hear this news rather than question the rising GAS price.
if it continues like this it is possible that the price of ETH = 0.1 BTC.
because i see btc dominant down from 63% to 58.8% at the moment.

It would not help if the gas price also increases too. Ibdo hope they could have a better solution on scalability cause among other problem this could be the biggest one eth is facing. Once they have a solution to this maybe they can be more efficient. I think its a problem if you could transfer a 10$ and the fee is more than that. Thats a huge issue and not healthy at all.

S4VV4S

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Quote from: BeginToMine on August 15, 2020, 04:56:07 PM

ETH transaction lately is really hurts as we can't transfer from imtoken or trust wallet to exchange without having to pay hugely and also teasing on uniswap is now tough because of ETH teasing fees. Please ETH CEO should look into this and resolve the issue as it's serious. I was highly charged yesterday I wanted to trade on uniswap which I ended up missing the coin because of transaction fee.

Cases like this remind us for 2017 where in that year there was also an increase gas in the Ethereum network. But what happened was that the ETH price had shot up a lot, so I think it will happen again at the end of this year, I believe the ETH price will hit 1k this year.

BChydro

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Quote from: Shasha80 on August 14, 2020, 04:47:09 PM

No wonder many of my transactions are stuck and pending due to the increase in ethereum gas prices, in my opinion it is too expensive
if I have to using 275 GWEI to speed up ethereum transactions. I decided to start moving some of the ethereum I own into Litecoin,
Ripple and Dogecoin which have lower fees.

If the reason you are holding is to make transaction with a much lesser fees then doge coin is the best bet as the transaction charges for Ethereum is much bigger than bitcoin at the moment but if your investment is based on profit then ETH is the coin to hold as the price keeps on rising even though the transaction charges are increasing.

blue Snow

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Quote from: 50 Cent on August 16, 2020, 12:25:41 AM

Shit... I have no idea.
when i try to send my token to market, My transaction still pending since 10 days ago.
I Miss gas back to 5-30 gwei..

Nothing to do, you have to recreate that transaction using high fee. if you using metamask you have to clicking speed up button, resubmits your transaction with a higher gas fee.

You should read this how to solving stuck transaction https://ethgasstation.info/blog/stuck-transaction-guide/

slashz9

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but the good thing is that eth prices continue to rise every day, I think some people are more than happy to hear this news rather than question the rising GAS price.
if it continues like this it is possible that the price of ETH = 0.1 BTC.
because i see btc dominant down from 63% to 58.8% at the moment.

serjent05

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Quote from: MonsterV on August 12, 2020, 04:50:29 PM

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

This problem is the downfall of any cryptocurrency if it is not fixed. It is not a reason for a transaction fee to spike because it is currently trending. As much as I like Eth, if they don't fix this transaction spike problem, I might as well move to another cryptocurrency that offers minimal transaction fees whether they are being widely used/popular or not.

Imagine, ETH isn't that hugely adopted yet, what will happen if the majority of the world adopted this cryptocurrency, ever imagined sending $1 with a transaction fee of $10?

50 Cent

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Shit... I have no idea.
when i try to send my token to market, My transaction still pending since 10 days ago.
I Miss gas back to 5-30 gwei..

fuer44

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now up, i just realized it last night when i transferred from mew to exchanger for trading. there you can see the estimated transaction fee is $ 2. it is quite big indeed, but if the transaction is large it may not be felt. but I only transferred a small amount, so it was very obvious how big the fee was.

Genemind

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The gas price changes depending on whether the network is congested or not and also depending on the current market price. That is why last 2017, whenever I need to transfer the money I use other altcoins to lessen the fees that I had to pay. There are instances that I need emergency money and my transaction was on hold for a day or two. This is one of the main problems of the ETH network which I think has to be solved.

Kemarit

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Quote from: cosmofly on August 15, 2020, 02:48:29 PM

Quote from: MonsterV on August 12, 2020, 04:50:29 PM

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Yes, I am also stuck in the blockchain of Ethereum right now. I only transferred 0.17 ETH but I had to wait more than 3 days.
But I think differently from you. I think they need to re-test their network so everything is stable and then they will public Ethereum 2.0 perfectly. So we can use Doge or XRP for now, stop trading on ETH on the ERC platform, it just takes more of our time.

3 days? Wow, never thought that ETH network will be clogged this much. Obviously, this is similar to what Bitcoin experience before, and it could become worst as the price continue to make a massive run. We haven't touch $500, but as soon as it gets there, experience more more congestion and increasing gas fees.

Let's hope that the ETH team have seen this or at least we need more miners to help ease the network traffic. Or shift your coins from ETH => x coins that is a bit faster now.

bbcolex

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This is the downside of Ethereum network crazy gas prices and sometime a long que to get tx verified , Its too expensive for micro transactions. There are alternatives but I hope Vitalik and team would come up with an idea to control this ridiculous gas prices.

BeginToMine

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ETH transaction lately is really hurts as we can't transfer from imtoken or trust wallet to exchange without having to pay hugely and also teasing on uniswap is now tough because of ETH teasing fees. Please ETH CEO should look into this and resolve the issue as it's serious. I was highly charged yesterday I wanted to trade on uniswap which I ended up missing the coin because of transaction fee.

Valak

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Quote from: MonsterV on August 12, 2020, 04:50:29 PM

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Indeed a few days ago Ethereum gas costs were very high. Most of the people choose to stay silent without any transactions on the Ethereum blockchain. But Gas costs always change every day, maybe at this time the Gas cost is 78 gwei.
You can check the changes to Ethereum Gas fees here! https://etherscan.io/gastracker

cosmofly

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Quote from: MonsterV on August 12, 2020, 04:50:29 PM

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Yes, I am also stuck in the blockchain of Ethereum right now. I only transferred 0.17 ETH but I had to wait more than 3 days.
But I think differently from you. I think they need to re-test their network so everything is stable and then they will public Ethereum 2.0 perfectly. So we can use Doge or XRP for now, stop trading on ETH on the ERC platform, it just takes more of our time.

Baofeng

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If you want to follow ETH transactions and the fees,

https://twitter.com/CoinFees/status/1294285488644333568

And I would agree that it is very expensive, more expensive that bitcoin itself.

sourish

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Fees are so high because of extensive demand for transactions on Ethereum. It's alt season, and users are rushing to put capital into the tokens and protocols that they expect to give the most return.

Danslip

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Not surprising for me due to the obvious reasons, the main crypto payment method for faster transactions is usually ETH. Now the Gas fees(etherscan.io/gastracker) are around 120 gwei and this number plays around 70-140 during a day depending on the size of pending transactions. I don't agree about alt season, the situation is now worse than 3 years ago, too early to talk about the alt season just because of the increasing Gas fees.

WannaCry

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you are right.. its like we are in 2017-2018.. is this a sign of a bullish market? Grin

I think the reason why ethereum gas is so high because of this defi coins.
but i am hoping for a bullish market soon Grin

Topic: ETH Gas transactions price is about to hit 300 - page 4. (Read 1137 times)