Topic: ETH high gas fee - page 25. (Read 23741 times)
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.
With the market increase, Ethereum's transactions got a little complicated compared to previous prices and with a basic calculation we are paying twice as much in fiat value to make transactions and even so the Ethreum market only increases. In general, this is good using a minimum amount of Ethereum we are making reasonable transactions.
The big problem is when we need speed.
The big problem is when we need speed.
one of the problems that many ethereum users complain about Ethereum's GAS fee is very large and difficult to control, I wonder why this happened
and didn't know GAS ethereum would be as stable and cheap as it used to be, I hope this problem will be resolved quickly otherwise ethereum users will move to another network
and didn't know GAS ethereum would be as stable and cheap as it used to be, I hope this problem will be resolved quickly otherwise ethereum users will move to another network
Not only eth but also others altcoins are charging high transactions fee. And fee will be continue raising if crypto market raise more. Eth related erc-20 token holders are facing trouble cause they can't transactions due to high fee. After set normal fee, gwei get increase because of over crowd and eth transactions delay hours from hours to be done even cancle sometimes lack of high fee
I wanna sent my cerc20 coin right now but have thinking more time because fee sending coin take more than 0.14 eth and my coin value only $30, how come its looks profitable when higher fees sending than coin value. I think the moment looking for eth gas under 3 gwei have gone and now era we need much gas fees for sending coin, when DeFi project publish gas suddenly up and take more eth when sending coin and we have always ready to see gas is up.
The bull run is great and I never stop enjoying it every day. However, I am confused that now we have such high commissions for sending tokens on the Ethereum network.
I am afraid that many DeFi projects may think about transferring to a different blockchain, cheaper, which could lead to a drop in demand for Ethereum.
I am afraid that many DeFi projects may think about transferring to a different blockchain, cheaper, which could lead to a drop in demand for Ethereum.
Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.
Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.
Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.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.
I always check fee before making transactions and always try to save anything I can in fee by avoiding sending tokens and ethereum at the time of high fee.
This pretty much has become the theme in crypto bull markets. Combine the increase in price of ethereum along with increasing crypto volume it almost makes it intolerable. Layer 2 and layer 0 protocol (pretty new like Marlin) has to solve this problem.
yes i need to buy from localcrypto but the network fee worth like 5 dollar i guess that is too high. i am rarely working with the localcrypto i need to buy some eth to work with the withdrawal of my ferrum token.
In my opinion, the gas fees are very high on the Ethereum blockchain transactions at the breaking point. This condition coincided with the increasing popularity of decentralized finance or Defi. Because Defi has succeeded in attracting lots of new users to join the Ethereum network. many argue that a potential solution to dealing with Ethereum's high gas costs is Ethereum 2.0. Hopefully, the high ETH gas costs that are currently occurring can be resolved soon and return to normal.
Was just transacting a token last day but the fees for slow transfer (metamask) was over $12, was thinking of doing a Uniswap but realized, it would not go through my ethereum balance and was forced to deduct the fees manually (more than half to about $5) and wait for 12 hours to get my token deposited to a centralized exchange. The fees are excessively high but even with manual low fees, the transactions are being carried out with lower fees if you are ready to wait.
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.
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. Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.
Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.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.
When will this madness end?
Who is willing to pay such amounts for a transaction?
https://i.ibb.co/Lznnsbc/Screenshot-2.png
Who is willing to pay such amounts for a transaction?
https://i.ibb.co/Lznnsbc/Screenshot-2.png
The problem of ETH fees has been on the rise for some time now. Due to this you have to pay fees from 20 USD to 100 USD while transacting ETH. But in ETH 2.0 these problems will be solved. ETH 2.0 currently has three phases. The first beacon chain, the second shard chains and the third docking. Now the first phase is the work on the beacon chain. After completing this uparade on the shard chains, you will see that the issue of ETH fees has been resolved.
Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.
Advantages of cryptocurrency is fast and cheap, but ETH loses that because the fees are too high, they need to fix.
It's the way of things in our world, safe, fast and better things always comes at a cost to those who hope to take advantage of it. You don't compare the comfortability you would get from journeying in a flight to that of road transport and that's also reflected in the high price between air and road transport so, cryptos and investments aren't any different.If you want to take advantage of the pumps in the market as per the bull runs, you've got to face the challenge of the session which is the price. It not only stands as a fee that must be paid but a regulating factor as well. The best solution or chance you've got to escape this is patience and patience is a virtue not so many people have and so, you pay the price.
Eth high fee stop me to trade on etherium base coins.
Now i am trying to invest on bsc type curruncies
Now i am trying to invest on bsc type curruncies
Of course I, like everyone else, am tired of this big commission, so I am waiting for Ethereum 2.0. I hope this update will fix that.
What are you hoping for Eth2 is live, have you been sleeping last weeks?
Eth2 is live since Dec 1, block 0 https://beaconcha.in/block/0 (Beacon-chain 01/12/2020
Original Proof of Work Eth block 0 https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Trading https://trade.kucoin.com/ETH2-ETH
And how many ETH can you send to someone with beacon chain? ETH2 will be live when Phase 1, Phase 1.5 and Phase 2 will be completed.
https://consensys.net/knowledge-base/ethereum-2/glossary/#phase1
......... I wonder what will happen to us small traders, with those huge fees.
Whats the issue? Trade somewhere else with no (low) fees. If you can not figure that out trading most likely is not for you Jump to: