Topic: ETH high gas fee - page 14. (Read 23741 times)

As it's said in the real world, "patience is a virtue". The dev team is taking a long time to push network upgrades into the Ethereum blockchain. This makes many people desperate as high fees and slow transaction processing times greatly defeat the purpose of "De-Fi". Binance Smart Chain's sudden rise, tells us that people are tired of paying high gas fees on ETH. The competing smart contract platform is faster and cheaper to use than Ethereum, making it extremely ideal for "De-Fi". Of course, this comes at a cost of reduced security and increased centralization. But people don't care about this as long as they're able to make money in the long run.

Nonetheless, we should hold on tight as the best is yet to come. The EIP-1559 is an upgrade meant to temporarily reduce high gas fees on the Ethereum blockchain. Once ETH 2.0 + Sharding becomes a reality, high fees and slow transaction processing times will become a thing of the past. Remember, good things comes to those who wait. Just my thoughts

These trade fees irritate me, too. Nonetheless, it is hoped that Ethereum 2.0 would have a solution. In the next four months, it will be published. Now all we have to do is wait and stay quiet.

There is no escape from these cosmic fees and horribly long transactions. Alas, we all became hostages of the situation and we all can only wait and hope for the earliest possible correction of today's inconveniences associated with Ethereum.

But as an option, you can temporarily switch to the Binance Smart Chain so that the work does not freeze. Or look for alternatives in other networks. I would like to believe that all our expectations will be fully justified and the work with Ethereum will improve. Although the number of people willing to work on this platform only increases doubts about resolving the situation.

There are currently much less of an estimate now. A few days ago it used to cost 15-20$ to transfer a token. At present it takes 5-6$. Hopefully in the next update it will come down further.

Ethereum gas fee has increased a lot. I am waiting for Ethereum V2. When will it come? So gas fee can decrease. Nowadays Making transaction with ethereum network is very expensive. So Many people which has only 20-25 $ they can't pay 30-50$ fee.

I can imagine how troublesome it would be for bounty hunters and even investors to withdraw their earnings from the ETH blockchain with high fees in play. As long as the world's second-largest cryptocurrency by market cap remains extremely popular in the mainstream world, things will only get worse in the long run. Thank goodness the ETH dev team have a solution to the high fee problem. The EIP 1559 and the upcoming ETH 2.0 upgrade will reduce fees by a large margin, making the smart contract platform great again. Fees should be low in order to encourage people's participation on the decentralized realm. Otherwise, ETH won't be able to fulfill its purpose to bring "De-Fi" to the world. With patience, we'll be able to see great results in the future.

Nonetheless, it's best to perform a transaction on the ETH blockchain when fees are at their lowest. The ETH Gas Station website gives you an estimation of optimal network fees per transaction. While we wait for the ETH 2.0 upgrade, we can make use of Layer-Two scalability solutions like the OMG Network and ZkSync for piece of mind. Some projects are already using these solutions in order to tackle high fees and slow transaction confirmation times. It's said that the new iteration of Uniswap (V3) will make use of a second-layer solution for instant transactions and dirt cheap fees. If every other project does the same, people will be able to enjoy ETH as they did before without worrying about high transaction costs. The future is bright for Ethereum as it focuses on scaling to the whole wide world. Just my thoughts

More than six months passed and nothing is done about high gas fees. I have to pay 50-100 USD for every swap I do in ETH network. I can't use it like many people, why would I waste my money on such transactions? I'm doing 15 cents transactions in double digits in Binance Smart Chain network every day. Until ETH solve this problem other competitors will take over, I hope their developers will realize that soon.

Meanwhile you can use binance smart chain as the fee is very less at bsc.

However, i know that ethereum is much better than BSC and only lower fee does not make BSC superior than ethereum. Those who have hige trading volume will continue using ethereum because the fee doesn't matter them.

Keep waiting for with Vitalik promise launch with ETH2.0 will give best service way where fee lower and sending coin most faster. But last December launching still not any update way how long progress running and when we got lower fees transaction when using ethereum coin. Many coin still use eth platform and I hope one day fees lower and looks like three years ago.

This issue of high eth fee is becoming unbearable, imagine transferring $10 token with $30 fee, sounds crazy somehow but I guess this will stop anytime soon after the launch of ethereum 2.0.

so there is nothing we can do about it yet, the wave of defi projects has done its job.While you can use alternative coins, there are no other variations if the commissions on the network are expensive.

These trading commissions drive me nuts as well. Still, hopefully, Ethereum 2.0 will have a workaround. It will be released in the next four months. What we have to do now is remain calm and wait.

This eth gas fee, has gone beyond normal, but i think it will end soon, with what am hearing about 2.0 stuff and the likes. probably by june or latest july everything should be normal.

Before this bull run, ETH gas price was fine but it sky rocketed with price of ETH. Right now if you are moving big amount only then you can afford this gas price, for low price transactions such high price is not affordable.

I hope there will be an alternative which we can use that offers the same or even better than Ethereum. The prices of Gas are so high that I can't even sell some coins for a Cash. Can no longer use Ethereum as an alternative for Bitcoin, I just hope things will change in the future.

I cant make transection because of this 

I hope this problem will be fixed soon

Gas costs are the biggest problem currently occurring on the ethereum platform and of course this is enough to give doubts to many people who do use the ethereum platform as a means of transactions and especially bounty hunters currently have difficulty selling the tokens they get in bounties, due to transaction fees (gas) that must be issued by the bounty hunter is not proportional to the results currently obtained and even now, many bounty projects are delaying payment of bounty participants due to the high cost of transaction.

This is one of the weaknesses that ethereum still has today is that the "transaction fees" are very high, which has become a complaint by many members of this forum as well as complaints by ethereum enthusiasts. We hope that ethereum itself will fix it soon and ethereum will always be the favorite Altcoin.

many people use alternative ways to send funds when the price of gas is high.the only way to make cheap transactions is to switch ethereum to a new POS network.