It is because DeFi hype, the Ethereum network have congestion now. Many projects start to using ETH token as their fuel, like DAI stable token.
I think the developer should find a way to reduce network congestion because people become afraid of fee to transfer their token.
Topic: ETH Gas transactions price is about to hit 300 - page 5. (Read 1137 times)
In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
We are getting ready to move from POW to POS. Unacceptable that gas fee is high for miners. Some ERC-20 tokens payment or Ethereum payment bounty is getting late or choosing another platform to complete distribution. Ethereum is the most popular smart blockchain but for this transaction cost, users couldn't use this platform. New projects must be interested in using a low fee platformIn 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
We are getting ready to move from POW to POS. Unacceptable that gas fee is high for miners. Some ERC-20 tokens payment or Ethereum payment bounty is getting late or choosing another platform to complete distribution. Ethereum is the most popular smart blockchain but for this transaction cost, users couldn't use this platform. New projects must be interested in using a low fee platform 
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.
well of course that much gas costs will provide a very high speed but I am sure when you make a transaction I don't think it needs to be too fast, the important thing is that you can enter the address that is designated properly and correctly, because if you spend Ethereum costs only in fees shipping it will make us lose. 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.
The gas price is gradually coming down. I already envisaged it that it won't be long before we will see everything normalized. My fear is just that it might happen again and if it does, it might be worse than the former. Although, there are lots of parties who would prevent it from happening. Only miners are benefiting from it.
am telling you the gas fee is very high, someone with little token that intend to sell cannot sell due to the high gas price, and this might lead to pump of other coin as you have said, want to trade a coin in bitforex yesterday, after finish trading check withdrawal fee of etherum its killing, dont have anyother option than to convert my coin to trx due to the withdrawal fee, leave their ethereum on exchange there.
you can imagine everybody is doing that, there demand will be decrease in demand and hereby lead to fall, and rise in other altcoin.
you can imagine everybody is doing that, there demand will be decrease in demand and hereby lead to fall, and rise in other altcoin.
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 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 this increase continues like this I fear that ethereum will eventually fall back down, we are talking about people not wanting to use ethereum anymore for transactions, which means there are so many stuff like dapps that uses it, and other stuff like some defi projects and whatever else that uses ethereum blockchain, will move towards some other blockchain that would be faster and cheaper because they know that if they continue with ethereum people will stop investing into them.
Hence why I think it is quite important that ethereum has to figure out a way to drop the fee's, if they fail that would be another big fall for ethereum that makes it harder to climb back up. Remember times when ethereum were 80 dollars just a year ago? We could get that back if they don't fix it.
Hence why I think it is quite important that ethereum has to figure out a way to drop the fee's, if they fail that would be another big fall for ethereum that makes it harder to climb back up. Remember times when ethereum were 80 dollars just a year ago? We could get that back if they don't fix it.
Gas fee is really driving me crazy now more than ever. I have lost a lot just because I tried to lower the gas fee because is too high for me. If things should continue this way, it might be very difficult for some of us to make transactions on Ethereum blockchain. I think it is better to use coins like tron and doge for now.
Yes, best way to move funds around at the moment is through other coins; TRX, DOGE, XLM and LTC, pending the time gas fee on ETH is back to normal. I think for those forced to hold, it is paying off because of the surge in market price.
maybe because of the influence of the coin itself, I mean the high price increase of Ethereum causes the gas costs to be expensive. actually I don't like this, because it can affect the interest of other investors as well mainly because of the problem of high shipping costs. maybe now people only invest in it but not the shipping cost. people started using LTC, DOGE at a low cost.
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.
We are in same situation as in 2017. With a difference that 2020 is actually a 2016 and not 2017. So next year we will see $100 eteherum fees. At the same time Monero will still have 0.2 cent fees
For now I'm only trading eth on one of the exchanges without withdrawing it or sending eth too often, because the fees are so expensive for making small transactions.
But on the other hand, the miners are very happy with the huge fee. Yes, we may have to be patient so that eth developers find a solution, because if there is no miner, our eth transaction will not run smoothly.
But on the other hand, the miners are very happy with the huge fee. Yes, we may have to be patient so that eth developers find a solution, because if there is no miner, our eth transaction will not run smoothly.
Ethereum transaction price is increasing with its price..Mostly because of the DeFi project.People are using uniswap to buy and sell their DeFi coin and they want it to be faster so they pay more fees.Then miner wants more fees for transaction.I don't know when it will stop.But it must be stopped.I have already stopped using Eth for transaction.Because I use eth for transferring my token or coin but now I can't even dare to try to send coin.Ethereum
CEO vitalik should do something about the transaction fees.Because if DeFi project gets more famous then Eth transaction fees will go beyond our imagination.It would be very nice if vitalik somehow fixed that in their update Ethereum 2.0.Otherewise people will be more interested in trx which is very fast and cheap transaction fees.Btw it is first time for me to see Etg transaction fee goes to 300 Gwei.
CEO vitalik should do something about the transaction fees.Because if DeFi project gets more famous then Eth transaction fees will go beyond our imagination.It would be very nice if vitalik somehow fixed that in their update Ethereum 2.0.Otherewise people will be more interested in trx which is very fast and cheap transaction fees.Btw it is first time for me to see Etg transaction fee goes to 300 Gwei.
If the price of Etherium goes up, the transaction fee will go up. This is a normal rule.However, it is less than 2017 and 2018.Upgrading their network system could increase the cost.And the depreciation fee has increased.So this is a normal process.Has not yet grown abnormally.
In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
$ 10 to pay the transaction fee now, this is really expensive, just imagine, if we more send in large quantities, the fee will be large too
this reminds to the person that sends small amount of money but uses over 1m dollar worth of eth lmao . Only the opposite thing happens now .
In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
$ 10 to pay the transaction fee now, this is really expensive, just imagine, if we more send in large quantities, the fee will be large too
when i am going to sell ERC20 tokens i can only wait with the high gas costs reaching $ 10 not much i do, and very unfair when i will sell tokens which are only 30 dollars but the transaction fees are up to $ 10,
I hope it's back to normal soon and it doesn't last long,
because I don't want a lot of unsold tokens in my bag due to very high fuel..
I hope it's back to normal soon and it doesn't last long,
because I don't want a lot of unsold tokens in my bag due to very high fuel..
That's really annoying, sending your tokens to sell it up finding the fees are really huge when you transfer it to exchange.
Most of the bounty hunters have no other options, fearing that the token value will fall,.
They will take this fees without hesitations just to have something for their works.
when i am going to sell ERC20 tokens i can only wait with the high gas costs reaching $ 10 not much i do, and very unfair when i will sell tokens which are only 30 dollars but the transaction fees are up to $ 10,
I hope it's back to normal soon and it doesn't last long,
because I don't want a lot of unsold tokens in my bag due to very high fuel..
I hope it's back to normal soon and it doesn't last long,
because I don't want a lot of unsold tokens in my bag due to very high fuel..
In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
yeah the GAS doesn't make sense for me. although I remembered when we have crypto kitties the GAS is high aswell but I guess we are already used to pay significantly cheaper GAS than it is now.Maybe it means Ethereum need an update to solve the scalability problem so that the fee is not becoming this high in the future.
In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300 GWEI.
Jump to: