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Topic: eTH gas trouble (Read 636 times)

full member
Activity: 926
Merit: 100
February 12, 2022, 04:09:03 AM
#68
The gas of sending money via ETH is more expensive than bank transfer, the hope of cryptocurrencies is to be able to send or move assets quickly, safely and cheaply, unfortunately ETH is out of this so that makes me not want to invest in projects that use the ERC-20 network.
It is very natural to avoid it now because it is undeniable that making transactions via the Ethereum network is always more expensive and this is of course caused by the price of Ethereum itself which is getting more expensive and there has been no improvement in the Ethereum network system so far.
full member
Activity: 826
Merit: 101
$CYBERCASH METAVERSE
February 12, 2022, 03:30:26 AM
#67
I think when there are coins that are popular and expensive, it will have an impact on gas costs which are also expensive, in the past when bitcoin cost $125, transfer fees were less than $1 and some were even free, we could get cheap ETH gas fees if the ETH price was $100 or less.
Yes, what you say is clearly very true because this is very much in accordance with the fact that happened in the past where when the prices of major coins such as Bitcoin and Ethereum were still very cheap, the transaction gas fees were generally very cheap, and now is a comparison for the past.
legendary
Activity: 3080
Merit: 1353
February 12, 2022, 02:40:51 AM
#66
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.

Yeah, it make sense to pay high if you are going to trade thousands and up worth of ETH. But before, we can transact with low gas fees and it's very quick. But things have turn from good to worst when ETH gas fees goes skyrocketed and us ordinary traders cannot afford it.

Others chooses other network and swap their ETH because that is the best solution for now. But trading it directly is no longer any option except if you are whales with thousands worth of dollars to transact.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
February 12, 2022, 02:00:15 AM
#65
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.
member
Activity: 812
Merit: 53
February 11, 2022, 01:04:10 PM
#64
Yes. ETH gas fee is very high. So, most of traders avoid to make a transaction on ethereum blockchain. Their developers need to manage their transaction fee. I notice that its average transaction fees i near 40 to 50$. And when its transactions on peak its cost will be near to 100$. This is a very annoying thing. And that's why peoples avoid this network and shift it other. Optimism, Matic are there layer 2 models. There fees are very low specially matic (polygon). I mostly use this to make a transaction. It costs me in few cents to make a transaction through polygon chain. One day everyone will avoid this network if its price increases day by day.
hero member
Activity: 1904
Merit: 510
February 11, 2022, 09:09:30 AM
#63
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.

the issue of eth gas which is booming now, now the gas fee is more expensive than the price of the cup, buy a cup for $ 4 but the fee is more expensive than the price of the cup, many people claim to be very interested in ethereum, but the problem of the high fee price makes most people .switch to another company, if ethereum boss vitalik buterin doesn't talk about the increase in ethereum gas, chances are their customers will turn to other companies...
jr. member
Activity: 210
Merit: 6
February 11, 2022, 08:54:20 AM
#62
At the moment ether gas fridge level in India he doesn't think anyone will chat for long. The token gas is increasing day by day and if it is not reduced then it is not possible for anyone to do ICO on it or bring new campaign and no one can exchange this with you.  If you have 1 dollar, you have to pay 20 dollars to exchange that 1 dollar, so I don't worry so much about you because I don't like stomach, it doesn't feel good, it has become very bad.  .
sr. member
Activity: 1484
Merit: 254
February 11, 2022, 02:38:03 AM
#61
This is a serious problem because a lot of my ERC tokens are only stored in my wallet and I can't withdraw, I've tried various platforms and the token transfer fee is always above $35, hopefully the presence of ETH2 will be the right solution to lower gas costs.
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 10, 2022, 03:56:01 PM
#60
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.

looks like you're not the only one who's new to this, but I also just found out and tried to find an understandable news source but so far there has been no detailed explanation other than "Bridges are connections that allow arbitrary transfer of tokens and/or data from chain one to other chains"

but will this be able to reduce the cost of ethereum based ? I can't say for sure but as long as ethereum is still expensive, it can be ascertained that there is a cause and effect, because the price of ethereum is indeed expensive and it can't be avoided that there will be high costs. other than that ethereum will provide its own alternative path and that is obviously always awaited.
full member
Activity: 1134
Merit: 100
SOL.BIOKRIPT.COM
February 09, 2022, 10:25:07 PM
#59
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
February 09, 2022, 04:34:30 AM
#58
I think this is just your imagination, I don’t think this kind of swap that could allows us avoiding the high gas fee caused by the eth exists.
the best choice right now is just ditching ethereum and move in other smart contract blockchain, there are so many smart contract blockchain out there and so many of them are actually having the same amount great quality projects in their
waiting for the fee gets solved will just waste your time, your efforts better being put in other smart contract platform that allows you becomes more productive in the long run with all your investment instead of letting your investment getting eaten by the high gas fee that seems ridiculous.
hero member
Activity: 1344
Merit: 565
February 08, 2022, 05:19:22 AM
#57
Is this a new one? Is there any link you could provide for us to check? There have been many platforms that bridges Ethereum and layer 2 networks or other chains but they are still not spared from the fees on their first transfer.

...If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Yes it does since many people still prefer transferring funds without using third party apps or platforms.
Plus the Devs understands that they will want the users back so I don't think because there is a system where people can bridge from Ethe Network to other Networks will make the Eth Devs give up on finding a solution to the gas issues except they feel those people are no longer needed which I doubt. 
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
February 01, 2022, 06:34:30 PM
#56
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
It means that $10 is not enough to complete your transactions and that automatically cancels your transactions and says not enough trx fee. Well, 7 days passed, and still not processed, that becomes annoying, and still, it never arrives for sure. If that happens to me, I don't pay much like $30-50, that unless if we move $1,000 worth of ETH maybe it is considerable but if you just move $100, that makes no sense. I'd rather let my coins be stuck in my wallet than pay more.
hero member
Activity: 2366
Merit: 504
February 01, 2022, 06:22:19 PM
#55
i wonder still people paying high fee in opensea to mint NFT. Solono and matic is goid competitor.
They think that if they mint good NFT with it and they can get good amounts of money + covered their fees after they have sold their NFT to the open sea. The fact that if selling NFT was also the most difficult thing these days. Solana and matic were good but this is not so popular like ethereum. Some people are still prefer to pay lots of money for the fees.
I would recommend everyone thinking about elsewhere from ETH. this summer will be finished mining’s on ETH so I believe gas fee will really increase after this.
Finished for what? there's no even a date about when ethereum 2.0 will come. Your conclusion was totally non sense thing. Ethereum gas fees has no correlation with mining. It seems you didn't even know how it works.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
February 01, 2022, 01:46:55 PM
#54
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
full member
Activity: 896
Merit: 100
$CYBERCASH METAVERSE
February 01, 2022, 12:28:06 PM
#53
Etherium gas fee is very high . i wonder still people paying high fee in opensea to mint NFT. Solono and matic is goid competitor. I would recommend everyone thinking about elsewhere from ETH. this summer will be finished mining’s on ETH so I believe gas fee will really increase after this.
hero member
Activity: 2492
Merit: 542
January 25, 2022, 11:56:42 PM
#52
It seems like there are already many ethereum bridges to deal with this problem. Like BSC, MATiC. SOLE. They can be used as a replacement for the very expensive ethereum gas. In opensea even we pay ethereum by using the polygon network so it does not cost expensive.
You will still required to use expensive gas in opensea to convert your eth into polygon network so you cant escape with this frustrating gas, Ive missed so many trade opportunities last year because I don't want to spend that huge money just to buy a token on dexes since new tokens are always listed first in dex like Uniswap.
sr. member
Activity: 2296
Merit: 256
January 25, 2022, 11:27:50 PM
#51
It seems like there are already many ethereum bridges to deal with this problem. Like BSC, MATiC. SOLE. They can be used as a replacement for the very expensive ethereum gas. In opensea even we pay ethereum by using the polygon network so it does not cost expensive.
sr. member
Activity: 980
Merit: 255
HALA MADRID
January 25, 2022, 11:20:38 PM
#50
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
Yeah, as the price drops I was thinking that ETH fees drop also but it was unfortunate to see nothing had changed as it remains high. That I guess, ETH gas fee has a fewer chance to drop, not anymore. That gives us no choice but to use other platforms that fees are considerably cheap and affordable.

I'm now in the use of BSC and XRP to transfer my coins to my personal wallet from the exchanger and you know what, I save more compared to using directly ETH. So I guess, it doesn't give us worries as we still have other options.
Usually have drop when eth price dump but not as our expectation because gas fees still pump, maybe not any chance to get moment like last three years where gas fees down and purchase only few cent for sending coin, when first time Uniswap launch almost gas fees never dump and impossible we can purchase under $1 for sending coin as fees transaction. I think with many dapp erc network opening never get moment with lower gas fees of eth.
sr. member
Activity: 2436
Merit: 343
January 25, 2022, 08:40:34 AM
#49
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
Yeah, as the price drops I was thinking that ETH fees drop also but it was unfortunate to see nothing had changed as it remains high. That I guess, ETH gas fee has a fewer chance to drop, not anymore. That gives us no choice but to use other platforms that fees are considerably cheap and affordable.

I'm now in the use of BSC and XRP to transfer my coins to my personal wallet from the exchanger and you know what, I save more compared to using directly ETH. So I guess, it doesn't give us worries as we still have other options.
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