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Topic: ETH high gas fee - page 17. (Read 23727 times)

hero member
Activity: 1246
Merit: 708
February 26, 2021, 11:16:49 AM
I think big actors will stay by Ethereum, they won't risk unverified solutions like other chains, and they will become  something  like intermediary for common people; so you won't be able to interact with Ethereum blockchain directly, instead you should use  intermediation of big institutions (something similar as banks nowadays)
full member
Activity: 756
Merit: 231
February 25, 2021, 02:58:26 PM
We all believe the development of ETH. 2 will solve the high gas fee problem and it is over 2 months that development started without effect on the gas fee. There is no way to get out of it if 15 transaction can only be handled in 1 sec around the world, for such a coin with the most efficient use case. we still have over 2 years for the completion and the struggle in not getting better. I just hope ethereum wont loss so much to other blockchains.
Ethereum won't loss to other blockchains in my opinion becasue they will speedy up their work to bring about the conclusion of the Ethereum 2.0. Also, there are news of cross border blockchains be built across the ethereum which might be readily be available for launch soon, and if this happens the ethereum blockchain will be embracing again by developers as it uniqueness is what make it sell than the Binance-chain with centralized.
JNR
full member
Activity: 585
Merit: 100
@JNRcryptobox
February 24, 2021, 05:44:19 PM
We all believe the development of ETH. 2 will solve the high gas fee problem and it is over 2 months that development started without effect on the gas fee. There is no way to get out of it if 15 transaction can only be handled in 1 sec around the world, for such a coin with the most efficient use case. we still have over 2 years for the completion and the struggle in not getting better. I just hope ethereum wont loss so much to other blockchains.
but in fact many users have complained about this problem Unreasonable fee for only one transaction especially if we want to send a very high fee ERC20 token, it can even lose to the token price in market etehreum gas fee which is difficult to down, I want to scream and want to move to another platform

and if eth foundations can't fix this conditions, i think a lot of project will move from eth to other blockchain mate
hopefully the best solutions will come from eth developer as soon as possible
hero member
Activity: 1302
Merit: 501
Sovryn - Brings DeFi to Bitcoin
February 24, 2021, 05:08:36 PM
We all believe the development of ETH. 2 will solve the high gas fee problem and it is over 2 months that development started without effect on the gas fee. There is no way to get out of it if 15 transaction can only be handled in 1 sec around the world, for such a coin with the most efficient use case. we still have over 2 years for the completion and the struggle in not getting better. I just hope ethereum wont loss so much to other blockchains.
but in fact many users have complained about this problem Unreasonable fee for only one transaction especially if we want to send a very high fee ERC20 token, it can even lose to the token price in market etehreum gas fee which is difficult to down, I want to scream and want to move to another platform
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
February 24, 2021, 04:45:16 PM
We all believe the development of ETH. 2 will solve the high gas fee problem and it is over 2 months that development started without effect on the gas fee. There is no way to get out of it if 15 transaction can only be handled in 1 sec around the world, for such a coin with the most efficient use case. we still have over 2 years for the completion and the struggle in not getting better. I just hope ethereum wont loss so much to other blockchains.
hero member
Activity: 1246
Merit: 708
February 24, 2021, 04:17:12 PM

I remember when I first time googled what is cryptocurrency, in some article it was mentioned that crypto allows to transfer funds cheaper then regular banking wire. What a lie  Grin

Anyway, calm down. This is all due to Bitcoin price drop. Once rich people feels satisfied this day, milking hamsters, fees will return to new normal of 90-120 gwei.
yes, it is a joke we used to see in some writings. but in reality, some coins still use very high fees for transactions.
but if you have to wait for the market to return to its original position before the pump happens I think it will be difficult. I am sure this condition will be corrected but there will be adjustments that may occur gradually.


Ohh there is a quite big bunch of cryptos which allows to free or almost free transfer of money,
BTW ETH is not actually money, it was designed as smart contract platform, so we shouldn't look at ETH as a meaning of payment..
Eth now seems to start to become investment vehicle for rich people and institutions..
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
February 24, 2021, 03:43:51 PM
I recently sent more than 10 ETH from Coinbase to Binance. Transaction fee was about $4. Coinbase fee was $0. That sounds cheap. What's all this talk about high fees? How come my fee was not that high?
Lucky you are, most of those that talks about high fees are coming from those Defi and swap transactions. Just as you, they have the option to continue the transaction if the fee being asked is low. But if the fee is too much to tolerate, simply stop the transaction.
As long as there's an option to pay for the lower fee, choose it. But how long did you wait for your transaction to get a confirmation?
full member
Activity: 1316
Merit: 108
February 24, 2021, 02:48:07 PM
I recently sent more than 10 ETH from Coinbase to Binance. Transaction fee was about $4. Coinbase fee was $0. That sounds cheap. What's all this talk about high fees? How come my fee was not that high?
Today I made transfers of ethereum from wallet to wallet in two transactions and one transaction was priced at an automatic minimum of $ 18, and the other broadcast was $ 6, which I set manually. Both transactions were successful, but with a large interval from each other. In any case, within half an hour or less, my coins reached the indicated address. In addition, as previously reported, in July 2021 a hard fork will take place in London, which is aimed at solving the scalability problem.
member
Activity: 148
Merit: 12
February 23, 2021, 08:31:22 PM
I recently sent more than 10 ETH from Coinbase to Binance. Transaction fee was about $4. Coinbase fee was $0. That sounds cheap. What's all this talk about high fees? How come my fee was not that high?
full member
Activity: 1316
Merit: 105
February 23, 2021, 07:48:58 PM
This is awesome!

I have personally never seen such high gas fees anytime before!
Seems to there is panic on the dance floor, I have never expected it will be so high!
This image reminded me yesterday when I was going to trade at Uniswap, I was surprised when I saw the trading fee via https://etherscan.io/gastracker the trading fee exceeds the value of the token I was going to sell, then I planned to send it to the CEX exchange, it turns out the transaction fee also very high, so I better delay the transaction

This is a serious problem for Ethereum developers, if this transaction fee problem is not solved then users will leave
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
February 23, 2021, 06:39:44 PM
The cost of gas is very expensive, everyone sells tokens and gas is high, they have a large number of tokens, the profit is more than the gas that is issued, for those who have a little token, they cannot sell because gas is more expensive than the number of tokens issued.
There is no option for an alternative if the fees are high. You have to postpone your transactions because if you pay for a lower fee, your transaction might be stuck for a long time.
And that's what you don't want to happen but you can't do anything with that even if you want to sell your tokens.
full member
Activity: 760
Merit: 109
PredX - AI-Powered Prediction Market
February 23, 2021, 02:26:50 PM
but alas, we can't take any step to reduce this high fee issue but need to be waiting until the fee become normal.we all know, neither miners nor anyone like us, can control the fee. decentralize platform eth transaction fee will be increase automatically with its price owing to Crypto market crate a big hype in 2021.pople are using eth and erc20 tokens, that makes eth newtork overcrowded and the reason behind high increasing fee.although its good to see the pump but fee issue makes people disappointed
full member
Activity: 1414
Merit: 101
February 23, 2021, 10:34:40 AM
The cost of gas is very expensive, everyone sells tokens and gas is high, they have a large number of tokens, the profit is more than the gas that is issued, for those who have a little token, they cannot sell because gas is more expensive than the number of tokens issued.
full member
Activity: 941
Merit: 100
February 23, 2021, 09:40:11 AM
Now, at present, the gas fee of ethereum is very high which is very sad to us. I am very upset for the high gas fee of eth. Now I see the economy of gas fee of ethereum is 11/12$. Yesterday, I transfer 100+$ of a token, I put 50 gwei for transaction but still it is not transfer which is cost avobe 4$.

I think your transaction will simply burn gas and wont ever leave your wallet. I havent seen fee less than 80 gwei in last few months.
Why do you even put so low fee? Check Ethereum Gas checker https://etherscan.io/gastracker next time before you do a transaction.
it will only deduct for eth balance in the wallet and tokens will never be sent. Transaction fees are steadily increasing and ethereum developers have yet to find a solution.
when looking at the binance and Tron chains it makes me wonder what if a lot of projects in the ethereum chain would move a lot to other chains.
legendary
Activity: 2394
Merit: 1476
February 23, 2021, 09:19:21 AM
Now, at present, the gas fee of ethereum is very high which is very sad to us. I am very upset for the high gas fee of eth. Now I see the economy of gas fee of ethereum is 11/12$. Yesterday, I transfer 100+$ of a token, I put 50 gwei for transaction but still it is not transfer which is cost avobe 4$.

I think your transaction will simply burn gas and wont ever leave your wallet. I havent seen fee less than 80 gwei in last few months.
Why do you even put so low fee? Check Ethereum Gas checker https://etherscan.io/gastracker next time before you do a transaction.
full member
Activity: 1121
Merit: 100
February 23, 2021, 04:28:31 AM
Now, at present, the gas fee of ethereum is very high which is very sad to us. I am very upset for the high gas fee of eth. Now I see the economy of gas fee of ethereum is 11/12$. Yesterday, I transfer 100+$ of a token, I put 50 gwei for transaction but still it is not transfer which is cost avobe 4$.
jr. member
Activity: 392
Merit: 2
February 23, 2021, 04:07:26 AM
For now i advice Simply utilize other altcoin man for the main time. Current expense is truly frantic that it doesn't bode well for individuals to make some little or low transaction  . ETH ugprade is still long approach aswell so in the event that you truly need to make exchange the best strategy is simply exchanging over.
Current expense just feasible for individuals who moves tremendous high amount of eth. The little fries got their exchange burdened by the high charge and left with half of the sum it's crazy.
full member
Activity: 1470
Merit: 105
👉bit.ly/3QXp3oh |🔥Launchpad on TON
February 22, 2021, 11:26:46 AM
When will this madness end?
Who is willing to pay such amounts for a transaction?


I think this will not end, because many people are using blockchain from Ethereum and it makes gas fees from Ethereum continue to increase, then I thought gas fees from Ethereum really don't make sense (very expensive), but this is profitable for me as an Ethereum miner, so with Ethereum high gas fees, then I'm making a big profit from mining Ethereum, therefore on the other hand I am very happy with gas fees from Ethereum at this time Grin.
full member
Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
February 22, 2021, 11:18:09 AM

I remember when I first time googled what is cryptocurrency, in some article it was mentioned that crypto allows to transfer funds cheaper then regular banking wire. What a lie  Grin

Anyway, calm down. This is all due to Bitcoin price drop. Once rich people feels satisfied this day, milking hamsters, fees will return to new normal of 90-120 gwei.
yes, it is a joke we used to see in some writings. but in reality, some coins still use very high fees for transactions.
but if you have to wait for the market to return to its original position before the pump happens I think it will be difficult. I am sure this condition will be corrected but there will be adjustments that may occur gradually.
legendary
Activity: 2394
Merit: 1476
February 22, 2021, 10:55:18 AM
This is awesome!


I remember when I first time googled what is cryptocurrency, in some article it was mentioned that crypto allows to transfer funds cheaper then regular banking wire. What a lie  Grin

Anyway, calm down. This is all due to Bitcoin price drop. Once rich people feels satisfied this day, milking hamsters, fees will return to new normal of 90-120 gwei.
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