ETH high gas fee - page 24. | Bitcointalksearch.org

virasog

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Quote from: Cornia on January 10, 2021, 06:50:14 AM

ETH gas fees vary from time to time. The gas fee is a little lower at 1:00Am -8:00Am. You can do ETH transaction at this time if you want. You can track ETH gas fee from the link below https://etherscan.io/gastracker.

Quote from: FIFA worldcup on January 10, 2021, 06:33:05 AM

Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

We are not all a whales. Most of the time we have to do small amount transaction. When it takes 2-3 usd fee to do 20-30 usd transaction then we all feel bad.

I am also very disturbed about this high gas fee particularly when we trade any token on uniswap the fee is enormous. Can you tell me the time you mentioned when the gas fee is lower is GMT time ? This will be really helpful.

coin_1122

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Quote from: tabas on January 15, 2021, 04:00:03 PM

Quote from: montaga on January 15, 2021, 08:50:40 AM

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

They have already brought the 2.0 and we have to wait until it finalizes. For now, the thing that we can do is to wait until it's done.
But for the meantime if the fees are still high for ETH, you can convert to another altcoin that offers cheaper fees.

Exactly, we don't have any choices people might stop swapping their coin in the Dex platform because the fee seems to be high, instead of converting in DEX platform better move the funds to exchanges and start buying your desired coin and it will surely help you to grab the coin with a low fee.

marcbitcoins

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I think many crypto users are using Ethereum and the network become congested. So, people who want their transaction to be completed fast pay a bit higher price than the normal and in this way, it is gradually increasing (let's say it is just as the price of eth is increasing).

Mkmanik

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Today Ethereum gas fee is quite low, If you guys really want to move your fund from one address to another address. then it's a good time to move because you can able to save a few bucks now. Now Low 53 gwei, Average 54 gwei, High 68 gwei, I am moving my Erc20 coin now

rainingbitcoins

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but in my opinion this is reasonable because currently many altcoins have increased so transactions on the stock exchange have also increased. that is the main point of the increase in gas fees. if the transaction from etherium itself is seen from the number of tokens sent.

neatworld

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This was a huge motivation to move whatever tokens I could out of Metamask / MEW and into native wallets wherever possible.

Real life use case: I moved my NPXS into the XWallet and a couple of exchanges (Binance / KuCoin). Metamask was ridiculously slow (roughly 8-12 hours for each transaction) and expensive. MEW was a lot faster but still quite expensive.
Contrast this with XLM, which I moved from Kraken to Binance. Similar dollar values in terms of the amounts I moved, but it took me less than 10 minutes and a fraction of the ETH Gas fees. I just don't see how ETH is going to maintain its dominance unless it incorporates one of the many sharding solutions, or ETH 2.0, very soon!

sapnu

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This is one of the disadvantages when we experienced a bull run on every token. Not only ethereum is experiencing high fees like that, but also bitcoin. When the token's value rises up, the value also of the fees is rising up, which is not good for every investor and trader because if they want to take profit, whether they want to deposit or withdraw their funds, high fees are the ones that restrict them from doing that, if they are big trader or investor that might not be the problem but what if you are just a small trader.

tabas

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Quote from: Rabi3 on January 15, 2021, 04:23:57 PM

Quote from: tabas on January 15, 2021, 04:00:03 PM

Quote from: montaga on January 15, 2021, 08:50:40 AM

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

They have already brought the 2.0 and we have to wait until it finalizes. For now, the thing that we can do is to wait until it's done.
But for the meantime if the fees are still high for ETH, you can convert to another altcoin that offers cheaper fees.

it still a doesn't work if you try to use another altcoin with cheap fee, you can't use those coins everywhere you cant unlike ethereum, it is supported in a lot of platforms, so that still bothers a lot of users, and it also what's keeping them using ethereum.

I forgot to say that if you're in an exchange, the strategy works that you only have to exchange those Ethereum into an altcoin that's known to have cheaper fees. But that's depending to the choice since there are too many variants of altcoins that offers cheaper fees but in value, they're not the same as Ethereum or bitcoin. In ending, you might get into a stablecoins and just store the value of it and just convert it back when it's necessary.

Rabi3

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Quote from: tabas on January 15, 2021, 04:00:03 PM

Quote from: montaga on January 15, 2021, 08:50:40 AM

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

They have already brought the 2.0 and we have to wait until it finalizes. For now, the thing that we can do is to wait until it's done.
But for the meantime if the fees are still high for ETH, you can convert to another altcoin that offers cheaper fees.

it still a doesn't work if you try to use another altcoin with cheap fee, you can't use those coins everywhere you cant unlike ethereum, it is supported in a lot of platforms, so that still bothers a lot of users, and it also what's keeping them using ethereum.

devollito

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This madness will end when developer launch successfully launch ethereum 2.0 and it is the must succeed project or ethereum will be left behind. Developer will slowly move their as to polkadot or binance smart chain which has lower fees and faster transaction.

tabas

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Quote from: montaga on January 15, 2021, 08:50:40 AM

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

They have already brought the 2.0 and we have to wait until it finalizes. For now, the thing that we can do is to wait until it's done.
But for the meantime if the fees are still high for ETH, you can convert to another altcoin that offers cheaper fees.

BITCOIN4X

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It's been a very long time since I made a transaction via the ethereum network and the last time I did it was probably at the end of 2019. It doesn't seem that the fees are as expensive as I currently notice and in a fair category.

Currently ethereum transaction fees are increasing because the main factor is the network is full and which is filled with pending transaction. People will probably pay more than just to get confirmation as soon as possible, but this will make the fees even higher. I don't really think about it, because maybe I rarely used it in the last 1 year.

Kong Hey Pakboy

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Quote from: ?? on ??

Quote from: montaga on January 15, 2021, 08:50:40 AM

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

Costs that make it difficult for everyone to buy or replace the tokens we have with what we want. price increases have a bad impact on making transactions.

Indeed. It makes it difficult for every crypto users to convert their shitcoins nowadays because of the expensive ETH gas fees, that is why most Altcoins are stuck or remains in their crypto wallets and exchanges that they do not afford paying ETH gas fees. Instead of enjoying the great momentum of the bull run, we still need to think of another way on how we will pay these high fees.

ice18

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Look at this transaction https://etherscan.io/tx/0x60ffc3f98772f56812496e3769bbb61b06405b698fb10912b0d4c6816b36017a eth fees blown my mind you can even pay your internet in a month with this kind of fees thats really insane guys I love eth but the fees very very high I dont want to use this kind of blockchain this is not the future wait for eth 2.0 please.

Mkmanik

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Today ethereum gas fee is Low 120 gwei, Average 140 gwei, High 147 gwei (according to the https://etherscan.io/gastracker). I have some chainlink coin , when today I tried to deposit those coin at the exchange I have to pay almost $4 in ethereum. its quite high near to mine. I have no idea what I need to do to avoid this fee Sad

. why Vitalik Buterin still quiet about it? people losing hope at etherum for this high gas fee

max6575

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as the rise on exchange value with the eth the gas fee follows with the shifts on spares as becoming too high that maybe with the future drawing on system there gives with least on number with network fee to helps as business going back again to normal.

giacatluong

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The ETH fee for transferring is too high, people waste a lot when transferring small amounts. Fees are already higher than banks, how can cryptocurrencies eliminate banking? It just stops at the discussion level.

montaga

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Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.

makishart

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Quote from: residivis on January 14, 2021, 08:44:30 PM

Currently, gas fees are rising because the price of etherium has also risen, so many investors often send etherium to exchanges. because in my opinion the more transactions, the slower the delivery, if you want to speed up, it takes a lot of gas fees so that the transaction is completed quickly.

If we are sending ethereum to the exchange site and the fees are not so high as when we are sending altcoins. The fees when we are sending altcoins will be doubled compared with when we are sending ethereum to the exchange site.
The problem is the whale is always making the fees become non sense consider they wanna be confirmed instantly and they put non sense fees to the network.
That sucks

poodle63

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Quote from: FIFA worldcup on January 10, 2021, 06:33:05 AM

Since the gas fee is very much volatile, you can keep on checking the fee and make the transaction when the gas fee is low. Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

That's true and the reason for that is because those whales sending large amount of money in one go which has fee equal to those small transaction, Imagine if those whales uses centralized service like Paypal they gonna be charged quite the amount of money and 1% of ten million dollar is humongous.
Kinda unfair though ETH supposed to be affordable in my opinion but now it's like only big player get the most of ETH.

Topic: ETH high gas fee - page 24. (Read 23741 times)