ETH high gas fee - page 11. | Bitcointalksearch.org

bison

full member

Activity: 778

Merit: 100

SmartFi - EARN, LEND & TRADE

Quote from: wytwyt01 on May 26, 2021, 03:28:39 AM

Developers should choice Binance Smart Chain instead of Ethereum Chain

It can't be that easy mate, like you forced someone who doesn't like white to wear white. This is indeed a problem that must be resolved quickly because the high costs are very burdening the investors, indeed BSc is currently cheaper in terms of transaction costs, perhaps because the value and density of transactions are less than the density and price of ETH.

wytwyt01

newbie

Activity: 4

Merit: 0

Developers should choice Binance Smart Chain instead of Ethereum Chain

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: BuNga_cute on May 26, 2021, 01:55:50 AM

I think it's useless that Ethereum has cheaper transaction fees than it was a few weeks ago. But when compared to TRC and BSC it is still more
expensive, crypto users definitely prefer the cheapest. Therefore, like it or not, Ethereum has to find a solution, so that Ethereum transaction fees
are at least not much different from TRC or BSC. But according to the rumors I heard after the Ethereum 2.0 release, the high transaction fees
could be resolved. Hopefully the rumors are true, otherwise Ethereum will be abandoned by its users if the transaction costs do not go down to match
the TRC and BSC fees.

Because these are degens doing defi, they need to do 100 transactions a day so of course they want cheapest. But one day when they want a secure platform and stable network that is decentralized so it doesn't control all the Dapp decisions they have and make, then maybe they'll start to realize nothing comes close to Ethereum yet.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: deathcode on May 24, 2021, 08:36:25 AM

Quote from: ?? on ??

The price of gas is so high that the common people began to call Ether, a coin for the rich. Much cheaper for TRC20 or BEP20. I do not understand why such a high cost and almost any amount.

now you can actually get transaction fees that are cheaper than a few weeks ago. it is not as cheap as the TRC and BSC, but we have seen how the ERC is also working on a solution.
ERC may indeed be a more expensive network than other blockchain networks. although the Ethereum 2.0 rollout will be completed I'm not sure the improved transaction costs can match TRC and BSC.

I think it's useless that Ethereum has cheaper transaction fees than it was a few weeks ago. But when compared to TRC and BSC it is still more
expensive, crypto users definitely prefer the cheapest. Therefore, like it or not, Ethereum has to find a solution, so that Ethereum transaction fees
are at least not much different from TRC or BSC. But according to the rumors I heard after the Ethereum 2.0 release, the high transaction fees
could be resolved. Hopefully the rumors are true, otherwise Ethereum will be abandoned by its users if the transaction costs do not go down to match
the TRC and BSC fees.

ilovealtcoins

sr. member

Activity: 1246

Merit: 263

SmartFi - EARN, LEND & TRADE

Quote from: repear7 on May 25, 2021, 11:52:33 AM

Gas fee of eth reducing. At this session i face $300 fee on uniswap transaction. Cry

So i think present fees is ok of us. But it’s better for everyone if fees reduce more.

$300 per transaction? Is this really true because gas prices are low? Your $300 cost can be the transaction cost of this trading platform based on the volume you trade. Please double-check as the metamask wallet still frequently fails and causes transaction fees to increase unreasonably.

repear7

full member

Activity: 1026

Merit: 110

Need Bounty manager ? Contact @repear71

Gas fee of eth reducing. At this session i face $300 fee on uniswap transaction. Cry

So i think present fees is ok of us. But it’s better for everyone if fees reduce more.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: TopTort777 on May 24, 2021, 08:14:09 AM

This is not maybe, that is how it works. The more popular Ethereum blockchain is, the more transactions people want to do, the bigger price for a transaction miner set. This is all about demand. And it is obvious that the more Ethereum cost, the more expensive transaction is.

Right now it is safe to make a transaction with 55-60 gwei. This morning users could pay <30 gwei for slow transaction. Slow does not mean you need to wait hours before transaction is confirmed. Sometimes slow is few minutes slower than a normal transaction.

Exactly. The high demand for ETH, is causing network fees to soar like crazy. The ETH 2.0 upgrade won't solve the "high gas fee" issue if Ethereum continues to rise in popularity. Developers are going to need to continuously scale the Blockchain to keep up with demand in the mainstream world. And that could mean sacrificing decentralization for scalability.

Nonetheless, I'd be fine with high gas fees (but not too high) as long as Ethereum stays decentralized. If I want lower fees, I'd simply look for an alternative blockchain network that would satisfy my needs. Binance Chain (BNB) seems to be a better choice for those who prefer blazing-fast transactions at a fraction of the cost. Time will tell us the fate of ETH as crypto/Blockchain tech grows in mainstream adoption at a very fast pace. Just my thoughts Grin

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: ?? on ??

The price of gas is so high that the common people began to call Ether, a coin for the rich. Much cheaper for TRC20 or BEP20. I do not understand why such a high cost and almost any amount.

now you can actually get transaction fees that are cheaper than a few weeks ago. it is not as cheap as the TRC and BSC, but we have seen how the ERC is also working on a solution.
ERC may indeed be a more expensive network than other blockchain networks. although the Ethereum 2.0 rollout will be completed I'm not sure the improved transaction costs can match TRC and BSC.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Atang Sulaeman on May 15, 2021, 01:04:55 PM

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

So that means that if the Ethereum fees jump by 10 times, then we should also expect a 10x jump in Ethereum fees? High fee is also a problem with Bitcoin nowadays. But the advantage with Bitcoin is that the fee levels are very volatile. Once in a while, it jumps to extremely high levels, above 250 Sat/Byte. But within two weeks, the difficulty levels will adjust and the fee will come down to 2-3 Sat/Byte. The problem with Ethereum is that the fee level remains constantly high.

TopTort777

legendary

Activity: 2478

Merit: 1492

Quote from: Atang Sulaeman on May 15, 2021, 01:04:55 PM

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

This is not maybe, that is how it works. The more popular Ethereum blockchain is, the more transactions people want to do, the bigger price for a transaction miner set. This is all about demand. And it is obvious that the more Ethereum cost, the more expensive transaction is.

Right now it is safe to make a transaction with 55-60 gwei. This morning users could pay <30 gwei for slow transaction. Slow does not mean you need to wait hours before transaction is confirmed. Sometimes slow is few minutes slower than a normal transaction.

Taufik blackspade team

full member

Activity: 431

Merit: 100

Quote from: Atang Sulaeman on May 15, 2021, 01:04:55 PM

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

maybe this is one of the problems when a coin becomes popular and its price goes up, attracting a lot of people to own it, so that the more transactions that are running on the ETH market, the number of transactions that accumulate makes higher fees for these transactions to be processed immediately. I hope this problem can be resolved soon by the ETH developers.

Atang Sulaeman

full member

Activity: 910

Merit: 101

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

Ghondronk

member

Activity: 356

Merit: 14

https://exiptoken.io/

That's one of the main concerns related to ERC-20 tokens. If you have such tokens with a value less than 50 USD or may be 100 USD, sometimes it would be profitable to keep them without selling. The reason is the high gas fee which can be higher than the value of tokens to be traded. There were rumors saying the fees to be reduced but don't know when will that happen. As a result, nowadays, we see more transactions on BSC than ETH network.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Falconer on May 09, 2021, 03:16:27 PM

Quote from: ?? on ??

I was also surprised by the fees on the Uniswap exchange, because it was never low when the exchange was operating in the crypto space, now that the swap fees there are almost $ 80 in a single transaction, this is simply insane.

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

$20 for selling tokens that under $100 still high though the post above you mentioned about $80 fees which is really huge.

The fees for a while went down but because the value of ETH increased the gas fee value also increase, still hoping that it will resolve and
we will see the fee will be more lesser than what we are paying now if we wanted to transact with out tokens, small time traders/ investors are really affected by this.

iTradeChips

hero member

Activity: 1792

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: MishaSER on May 09, 2021, 08:26:18 AM

Guys, you noticed how recently the gas price reached $ 100 when I wanted to make an exchange for Uniswap. Gwei 700 I was just shocked, even Berlin does not help with such a load.

My colleague tried putting his 90 dollar worth of ETH from one wallet to another but he was dismayed. Dismayed that the fee to transfer ETH to another wallet is near $30 dollars. He was not able to invest to a coin he had researched because of that and that actually drove him nuts. Some have commented here that ETH is not yet the investment that can be done by the masses. It will remain for me, a rich mans investment after Bitcoin. I guess he needs to find a cheaper coin that is not tied to ETH for the meantime.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Falconer on May 09, 2021, 03:16:27 PM

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

You'd just need to pick the right moment to create an ETH transaction with the lowest fees possible. It's just like Bitcoin where fees decline at times when there's no network congestion. Anything above $20 is a high gas cost, in my own opinion. Until Ethereum addresses this issue, Binance Smart Chain (BNB) will remain as the preferred choice of traders and investors alike. What costs you "dollars" (USD) in Ethereum, costs you less than a penny in Binance Smart Chain. Who'd want to pay a ridiculously high fee each time to interact with a decentralized application? Only whales and rich people can afford paying a high fee, while the average person (like you and me) will be forced to look for other alternatives.

Nonetheless, it looks like high fees won't last forever. Many network upgrades (like EIP-1559, ETH 2.0, and Sharding) will make high gas fees a thing of the past. What's important is that Ethereum remains as decentralized and censorship-resistant as possible. Scaling Ethereum is good, but not necessary for the network to survive in the long term. As long as developers don't delay network upgrades, ETH will be on a path towards massive adoption like never before. Just my opinion

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: ?? on ??

I was also surprised by the fees on the Uniswap exchange, because it was never low when the exchange was operating in the crypto space, now that the swap fees there are almost $ 80 in a single transaction, this is simply insane.

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Quote from: VolkoB on November 26, 2020, 04:33:17 AM

When will this madness end?
Who is willing to pay such amounts for a transaction?

In past weeks I think the fees are great around 10-50$ in every transaction and I think that is reasonable and would not rip someone's pocket in every transaction.

I think there was high traffic in the network plus the market price is so high so could expect high transactions when the cryptocurrency is on hype because of the traffic.

But this transaction was going made going up to 200$ transactions fees when I tried to make a transaction, and that is almost the amount that I'm gonna transfer so it's x2 of the amount your gonna send.

Ecol

full member

Activity: 532

Merit: 102

Fees have been low for the last two weeks, but as the price has increased, wages have started to rise again. If the fees are kept low, the price of ethereum is likely to rise considerably.

Dexion

full member

Activity: 812

Merit: 101

Quote from: Momoamzad on April 22, 2021, 02:29:14 PM

This is really terrible . I am suffering very much for this. I am trying to sell since 2 days but terrible gas fees creating problem/. It cost so much. I lost $23 just for 1 transfer. So pathetic.

Don't worry about it, because it's not only you who feel it, everyone who uses the ethereum platform experiences it when making transactions. $ 23 to pay for the gas fee is worth it than you wait a long time for a transaction, because there are a lot of transaction stacks on the ethereum platform.

Topic: ETH high gas fee - page 11. (Read 23741 times)