Topic: ETH high gas fee - page 26. (Read 23741 times)

I have the same experience sending $50 worth of altcoin for a $15 fee on one exchange I end up opting for USDT pair because it's been a long wait, waiting for the price to go down to $5 or less, I have no luck trading my altcoin to Ethereum because of the very high fee, I wonder what will happen to us small traders, with those huge fees.

Advantages of cryptocurrency is fast and cheap, but ETH loses that because the fees are too high, they need to fix. The bounty hunters should wait for the price to be high which is also good for projects.

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

with the increase in the price of Ethereum above $ 1000 this is actually a disaster for users,
why? because fees are getting more expensive, sending ERC20 tokens or Ethereum coins now has to spend at least $ 5 for transactions,
of course this is very expensive when compared to Tron.

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.

Ethereum gas fees are very high at the moment and day by day it's increasing more. The ethereum fees is always higher than other platform based token. But still people like to use it. But for last few months it's just skyrocketing. The reasons behind this was Normally the defi and ded platforms. And the number of defi s are increasing so the gas price of eth too. But I think after ethereum 2.0 fully implementation the gas fees will be lower than now.

How can that be, you can trade for as little as 1 cent with no trading fees, no liquidation fee, no broker and no depsit fund (only holding fees)
INCREDIBLE $0.01 TRADES!!!

Recently I have spend 8$ gas fees for one transaction. It's really very sad for all small trader who trade very low amount in everyday. However gas fees will reduce after decreases eth price market and otherwise no ways. Anyway everyday i have waiting for low gas fees because this higher fees not comfortable for me.

The current eth price has risen quite high and it looks like it will be able to reach a record high price in 2017, but with the current eth price increase it triggers an increase in token sale transaction fees on exchanges, what's more if we look at token swap fees on several exchanges and some even reach 0.1 and as low as 0.04 eth now, as happened in the Kyber exchange and also Uniswap

This high gas is not sustainable and I believe everyone agrees with this, one thing I do not understand is what all these Dapps developers are doing, why not use existing L2 solutions we already have in the space, look at Perp.fi team what they do, they launch their platform on XDai chain and the fee has negligible as compared to trading on L1. I don't know if this is laziness on the side of the developers or they are just taking their users for granted

If they could they would have done it a long time ago

Ethereum should fix this issue asap or existing will start to migrate to new chains. Its very and impractical to utilise Ethereum network right now most when your interacting with smartcontracts fees are outrageous. Unable to use to use dapps like normal due to this so frustrating issue.

Things like this happen if each coin price continues to increase, and the current Ethereum price is very high, followed by all token prices with the Ethereum smart contract.
I think everyone would be willing to pay a high amount of transaction fees if the results of their transactions were greater than the fees.

Today Ethereum gas fee is  Low 230 gwei, Average 250 gwei,High 266 gwei!! I don't know what is the solution for this high gas fee. only for a high gas fee, I like to use TRC20 based stable coin.

Just waiting is not really a solution when the transactions are most active right as of now. Maybe when eth 2.0 sharding takes effect the fee will decrease significantly but maybe by then the transactions are not as frequent as it is right now.
ETH really need to resolve this gas issue ASAP because many of us really affected by this and I wonder why don't some project take initiative to move onto another smart contract platform kinda annoying honestly LOL.

Etherscan transaction confirmation times are estimated and most of times plain wrong. If you have urgent transaction to make then create a new transaction of 0 eth to your own a address with high gas price but with the nonce of old transaction, that will cancel old transaction and you can make a new one. You will have to pay double gas price tho.

Feel free to pm if you need any help cancelling/replacing transaction.

Still up for eth gas fee right now and we need more fees when sending coin, I think after ethereum update 2.0 fees transaction still up and never any time when with 0.001 eth we can sent coin to any wallet exchange market. Will the era for sending coin just enough 0.001 eth have end and now have take usually time keep send coin with higher price, will worry when getting lower price coin and take higher gas fees transaction is enough for fee only.

It's best to wait it out instead of paying a ridiculously high fee that would "break the bank". Of course, paying a low fee will make your transaction confirm slower than usual. But you'll get what you pay for. I usually send an ETH transaction with a 85 gwei fee and wait until it confirms the next day. Depending on network conditions, the transaction can take more than 1 day to become confirmed by miners on the Blockchain. With the new ETH 2.0 upgrade in the works, high fees will no longer become an issue on the Blockchain. People will be able to interact with ERC-20 tokens and smart contracts the way they did before ETH went mainstream. But it'll take quite some time before it materializes as ETH slowly scales for the world with new development efforts by the team. Sharding, PoS, and Second-Layer scalability solutions will make Ethereum great again.

Nonetheless, I believe that high fees shouldn't be a reason to worry. This helps makes the network more secure and decentralized. Just like it's the case with Bitcoin, high fees prevent transaction spamming and many other network interruptions. I'm sure that dApp developers will soon make use of second-layer scalability solutions like OMG Network and ZkSync in order to reduce the burden on the main ETH blockchain. The ETH 2.0 upgrade will make things better, as it improves network performance. While we wait for ETH to fully switch to PoS, we can enjoy near-instant transactions and low fees using one of the aforementioned second-layer scalability solutions. It shouldn't be long enough before high fees and slow transaction confirmations times will become a thing of the past. Just my thoughts

TRON is also cheap and less centralized than BSC.

Guys, why is my transaction not working, more time has passed than indicated. This system will bring me to a heart attack why it is so unstable.