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!
Topic: ETH high gas fee - page 18. (Read 23741 times)
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!
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!
yes the netfee is so high that if we buy from local seller we must prepare to have with extras of $12 for the net fee as exchanging skrill for eth as more the custodian account to helps as transmitting payment with the net fee. that less amount of payment might worth of higher price with the transaction.
yes, the cost of eth gas is insane. I sent $ 50 worth of altcoins at a cost of $ 15 on one exchange. I ended up choosing the USDT pair because it had been a long wait, waiting for the price to drop to $ 5 or less, I had no luck trading my altcoins to Ethereum because the fees were so high, I was wondering what would happen to us, small traders, at big fees that.
Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000, according to the Ethereum All Core Developers meeting Friday.
The hardfork includes various optimizations for contracts including gas efficiencies, updates to how code is read by the Ethereum Virtual Machine (EVM) and other changes to protect against denial-of-service (DDOS) attacks.
https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork
The hardfork includes various optimizations for contracts including gas efficiencies, updates to how code is read by the Ethereum Virtual Machine (EVM) and other changes to protect against denial-of-service (DDOS) attacks.
https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork
More and more projects are moving to Binance Smart Chain..
It is good to see attempts to reduce gas costs, but 14 April is more than month ahead, so Ethereum condition at that time could be negatively affected and money outflow could be severe until improvements will be implemented...
Only the big whales willing to pay that high gas fee and now the gas is higher than before, this is insane. If ethereum keeps increasing then I don't know if I can stand to pay the fee just to transfer my tokens, small time traders like me it's really pain to see the high gas fee lol. There is nothing we can do but to wait until the gas is low.
This franticness won't ever end until there will be another usage through forking ethereum chain to build the adaptability of ethereum.We have anticipated that this should be done through ethereum 2.0 and definitely that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting ethereum market
To be honest, the current condition is very difficult for us as bounty hunters, because the high transaction fees, of course, greatly affect the income we get today and even many of the bounty participants, including myself, postponed selling the tokens I have because they do not match the transaction costs what I have to spend and currently there are many bounty projects that postpone payments just because the Gwei costs are high, hopefully with the launch of ethereum 2.0 it will be able to reduce gas costs later.
This franticness won't ever end until there will be another usage through forking ethereum chain to build the adaptability of ethereum.We have anticipated that this should be done through ethereum 2.0 and definitely that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting ethereum market
in fact looking at these values i can only say that we have gone mad more than 3 $ for a slow transaction is unthinkable i, like many others i think, am looking for other alternatives / blockchains to operate on such as tron, eos, bnb at least until the eth miners come back to reason
The result is a vicious circle. Ethereum developers have made an excellent product that suits many DeFI projects. And now Ethereum is not coping with the load, although this was predicted for a long time. But, note that Ethereum continues to hold its position, which means funding is coming, otherwise frustrated users stopped using the network's services. This means that high commissions are paid by those who can afford it.
And ordinary people with a small budget are now looking for a replacement with more affordable conditions, such as BSC.
The price of major cryptocurrencies nowadays are rapidly increasing, specially bitcoin and ethereum. In this case, there is no doubt that Ethereum will definitely increase their gas fee/s for every transaction of their users. And all of us are hoping that it will be back with lower fees soon.
I mean, they didn't willingly wants to increase the fee, it's just people are racing to set fee to be the highest so it can get included in the next block and at the same time the price of ethereum keeps on increasing and increasing like crazy. But one think for sure I think in the future if some developers want to create their own blockchain they better make it scale well. This high isn't only annoying but making people poor LOL.
Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000, according to the Ethereum All Core Developers meeting Friday.
The hardfork includes various optimizations for contracts including gas efficiencies, updates to how code is read by the Ethereum Virtual Machine (EVM) and other changes to protect against denial-of-service (DDOS) attacks.
https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork
The hardfork includes various optimizations for contracts including gas efficiencies, updates to how code is read by the Ethereum Virtual Machine (EVM) and other changes to protect against denial-of-service (DDOS) attacks.
https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork
The price of major cryptocurrencies nowadays are rapidly increasing, specially bitcoin and ethereum. In this case, there is no doubt that Ethereum will definitely increase their gas fee/s for every transaction of their users. And all of us are hoping that it will be back with lower fees soon.
For now, we can check that the gas is actually starting to stabilize, but the USD conversion has indeed increased. this is due to the effect of the price increase of Ethereum. The density of transactions in January was also inseparable from an airdrop on an NFT basis or a claim airdrop. You should pay close attention to some of the factors that make the gas increase.
Check : https://etherscan.io/gastracker
Check : https://etherscan.io/gastracker
The price of Bitcoin and ethereum has increased this year. No wonder the cost of gas has also increased. All investors are now willing to play large amounts of funds quickly, so it is natural that the cost of gas is now increasingly expensive for those with small capital.
there is always an alternative sine ethereum has failed to resolve the current gas fees issue, people are moving into other alternative platforms that can provide leverage with ethereum. the avalanche cross chain, binance smart chain, huobi smart chain and so many others are utilizing this opportunity to develop their platform and scale up for business.
When will this madness end?
Who is willing to pay such amounts for a transaction?
This nightmare will never end, Gas Fees from Ethereum will be even more expensive, considering that the Ethereum price has also increased 10x from the bottom, very disappointing indeed, because once a transaction costs almost $ 50 to $ 100, especially for bounty hunters and airdrop hunters it will be even more difficult to sell. their coins, yeah like me. Who is willing to pay such amounts for a transaction?
If you have lots of cash then yeah try out your uniswap as far as you are going to make money but if not I will avoid gas fees as an upward amount of 100 or 80 bucks can ruin your gains especially a small trader I hope ETH fix this
Honestly I can't do without Ethereum network because it's one of the best project out there today and 90% of my portfolio are ERC20 tokens, since the beginning of this bull run have spent over $300 for transaction fee only and now I'm getting used to it already, transaction fee is high and that won't stop investors from using the blockchain anyways
It's uniswap and other major DApps which are ridiculously charging their users with high fees and even paying it to the network in order to get their transactions included in the Eth blocks at first and this has made Eth gas fees a pain in the ass, which is why I prefer using other networks like BSC and TRC in order to save fee but our bad that we don't see some great projects happening over these networks yet while there are many projects coming over Polkadot and uniswap and for that, we need Eth only. I remember one of my friends claiming that he paid over $50 to get his $1000 transaction into the next block, still he waited for 10 minutes and those 10 minutes costed him in a loss of $100 as the price of that token quickly spiked up over 10% in which he wanted to invest at that time.
Uniswap doesn't charge anything, it is user's own will how high the cost they set.And I think high gas fee could be not a problem when big institutions will enter into cryptocurrencies ; if they will invest hundreds of thousands dollars, paying 50 or 100 bucks won't be a problem, and you, as average user will be only able to use 2nd layer or use "defi" products indirectly - via mentioned before a while big financial institutions...
This is really bad. I still remember the situation we had in 2018 and 2019, when the average transaction fee was around $0.10. It has increased by almost 200 times in two years. The worst affected are those bounty hunters, who need to pay a fortune to move their tokens to exchanges. BTW, I am curious to know what happened to the claim that ETH 2.0 will reduce the gas fee. ETH 2.0 was implemented many months back, and I am yet to witness any decrease in the transaction fee. I could notice an increase on the other hand.
As far as I know, ETH 2.0 is in "phase 0". This means that Ethereum is not yet a full-fledged PoS cryptocurrency. We're going to have to wait until the network fully transitions into PoS, in order to experience a slight reduction in transaction fees. With things like PoS, Sharding, and Layer-Two scalability solutions, high fees on the Ethereum blockchain will only become a thing of the past. But this will not happen overnight. It may take quite some time before fees go all the way down the drain.
Luckily, we don't have to wait until ETH scales to enjoy lower fees per transaction. There are many alternative smart contract platforms like Polkadot, Cardano, Binance Chain, and TRON, which are much cheaper and faster to use than Ethereum itself. That is of course, if you only plan to use these platforms for sending/receiving payments. If you plan to interact with dApps, then you're stuck with ETH as it has the most popular dApps in the world not found elsewhere. Who knows how long fees will remain high on the ETH blockchain? Just my opinion
really very disappointing because ethereum's GAS price is too high and does not experience a decline many users on the ethereum platform are already complaining today I sent tokens through the ethereum platform and the GAS fee was over $ 15 unreasonable fee prices, I just hope that there is a solution to this problem otherwise the user will leave the ethereum platform and use another platform
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