Topic: ETH high gas fee - page 28. (Read 23727 times)
after the recent Eth price hike has had a huge effect on gas costs as well we can see for ourselves that the gas average currently costs $ 4 and that is also among the lowest Gwei. High gas costs are a big problem for most small Altcoin holders, like myself. It doesn't make sense to exchange a small amount of say $ 10 coins for a $ 3 gas fee. what percentage of value will i get?
This has an impact on all projects that may be an obstacle to many projects being postponed or confused about distributing prize funds to all participants, and in the end all projects do not go well with gas costs too high, indeed there are certain times the cost of gas at night is rather cheap to transact, but it's still quite high even if it's only a few, if it's like this continuously will everyone leave Ethereum ..
Bad impact for Uniswap trader becaue when selling coin there need higher fees and I have any coin from bounty campaign with eth platform so better I am waiting when gas eth down for sending my coin, need more than $10 when make transaction for sending coin or withdraw ethereum but will be longer time because price of ethereum right now have been up above $1000. will gas fee eth lower and need just 0.001 eth when transaction again because almost this year eth gas always up.
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees 
Yes, even last night I saw Gwei on the Ethereum platform exceeding 151Gwei, so that it prevented me from making transactions, but in the morning I also saw a slight decrease in this Gwei case which is not much different as before, just this I think will return to normal as it had in the past year, so just be patient.yeah, gas fees are going to the moon as well
actually, I do think that this is good for Ethereum network, at least for DeFi part, where large transactions are made, and gas fees at around $100 are not high enough to decrease number of transactions, it is not that good for retail users, and certainly not good for gaming, but those should go to layer-2 solutions, some as Loopring or similar, which are also going up at the moment, since this is an obvious call for their usage
it is not normal to pay $1 to transfer $1 million, it is just not normal in terms of security, and these transactions that require high security than gaming transaction for few dollars, that could be done on layer-2 protocol
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees
Look at the moment Gwei reaches over 200, what the hell is going on. I don't see the hype of defi or anything that gets the gas even higher.It's simple calculus. Their transactions per second capacity is limited to 15-20 now, but number of users is growing regardless of defi or something else. New people come into crypto and some of them buy ETH and use Ethereum network.
*I tried changing a coin on Uniswap and was surprised at the gas network fee that is $150...
the gas fee is still a big problem for ETH, especially amid the increasing number of ETH transactions. btw, what happened to eth 2.0?
the gas fee is still a big problem for ETH, especially amid the increasing number of ETH transactions. btw, what happened to eth 2.0?
On one hand I'm happy that my Ethereum balance $ value grows, on the other hand I'm highly disappointed seeing following: "Transaction Fee ~500.00 Gwei / Cost 0.018159 ETH = $16.86". At least they put a fat sign with warning (Warning: High gas prices mean higher transaction fees.) so that users wont click send in a rush.
ethereum was better without all those tokens. thousands of tokens are made on ethereum blockchain and now this Defi craze started. and all the load is on ethereum blockchain. so it's obvious that the fee will be high. and people seems have no other choice but to pay them.
I am very thankful of USDT that they are now in Tron Blockchain. it made my life very easier because Tron Blockchain is very cheap. and free in some platforms.
Eth right now runs in POW consensus which requires mining rigs inorder to process transactions and this rigs needs huge amount of electricity and cold environment thats why fees are too high unlike Tron they are using different algorithm and has less network users compared to eth if the 2.0 will be successful eth network will become fast and hoping for cheap fees like Tron for now we cannot do about the high fees but to accept it most people want fast transaction and they uses high gas fees to make their transaction prioritize but the result is network becomes congested and more people uses more high gas. I am very thankful of USDT that they are now in Tron Blockchain. it made my life very easier because Tron Blockchain is very cheap. and free in some platforms.
ethereum was better without all those tokens. thousands of tokens are made on ethereum blockchain and now this Defi craze started. and all the load is on ethereum blockchain. so it's obvious that the fee will be high. and people seems have no other choice but to pay them.
I am very thankful of USDT that they are now in Tron Blockchain. it made my life very easier because Tron Blockchain is very cheap. and free in some platforms.
this is insane bro.
I am very thankful of USDT that they are now in Tron Blockchain. it made my life very easier because Tron Blockchain is very cheap. and free in some platforms.
I myself was surprised to see Gwei who has returned to high in the past three days.
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees 
maybe many people make transactions at the same time, from that the fee is quite expensive, but usually in the morning the gas fee is reduced, and I usually make transactions in the morning, because it is not too expensive
Yes, my friend, it seems that gas fees have increased because we did it when the traffic was very solid.So they impose a pretty decent gas fee, even though I admit there have been changes, maybe it's not maximized. There is no other way if you want the gas fee to go down a bit, do it when the traffic is not busy, because you can be sure that gas fees are cheap like our colleague above said. try first because it doesn't hurt.
I hope that there is attention from them to be able to return to the past.
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees
Look at the moment Gwei reaches over 200, what the hell is going on. I don't see the hype of defi or anything that gets the gas even higher.It's simple calculus. Their transactions per second capacity is limited to 15-20 now, but number of users is growing regardless of defi or something else. New people come into crypto and some of them buy ETH and use Ethereum network.
It's been so high yet. I don’t no why they are charging such a big amount for transaction. They should charge by calculating in usdt not eth. Because of eth's higher price we have to pay a lot for small transactions. So it must be solved early. Once we had to pay 0.04$ per transaction but now we are paying 1.5$/3$ even more if you are in rash. So its very deleterious.
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees
Look at the moment Gwei reaches over 200, what the hell is going on. I don't see the hype of defi or anything that gets the gas even higher. 
I myself was surprised to see Gwei who has returned to high in the past three days.
For 3 days ago I still saw 45 GWEI but I just saw and it was very surprising that when 151 GWEI had returned high, I still felt sad about the ethreum situation which always had problems in fees maybe it will continue to rise until now lol, really this is very torturous when you want to sell coins on dex exchange lol with a small profit and a fairly large fee lol
It seems you seem happy when you see Gwei in high numbers, maybe you also have a Dex exchange that can give you a lot of results, because I myself was surprised to see Gwei who has returned to high in the past three days.yes, but not with most small coin holders like myself personally there's not much I do other than wait for the gas fees to drop to exchange a small amount of coins on the Dex exchange. not even a good situation to exchange a small amount of coins in Dex and see a high gwei. This is very sad.
maybe it will continue to rise until now lol, really this is very torturous when you want to sell coins on dex exchange lol with a small profit and a fairly large fee lol
It's now actually has decreased a little bit though, it seems the proposed ETH 2.0 sharding has finally worked although slowly?, idk.It's gonna take a while for full ETH 2.0 implementation but I guess the slow effect will do nothing if so many people keep executing god knows how many transaction out there mainly coming from smart contracts which is so many..
maybe it will continue to rise until now lol, really this is very torturous when you want to sell coins on dex exchange lol with a small profit and a fairly large fee lol
Better move bounty coin reward based on tron transaction because have lower fees and sending most faster than using eth platform with higher fees and waiting more than few minutes to receive coin. I think enough when getting many bounty campaign reward delay distributing because they waiting for gas eth down how ever looks impossible right now with 0.002 eth enough to make transaction sending coin based on ethereum platform, look with tron coin just take 0.1 trx is most enough to send coin and process most faster than ethereum coin platform.
Now it went down to 114 Gwei (1.41$) fee per transaction. It's still high compared to the fee's last year or even the year before but it's fine compared to the last week's madness. The Ethereum network is just good but if they find a perfect solution to evade from these fees then it will make the other competitors get reckt.
I do care about the gwei fees, i'm focusing on them to see how the situation is going to be resolved.
I do care about the gwei fees, i'm focusing on them to see how the situation is going to be resolved.
As with any cryptocurrency, ETH's fees fluctuate depending on current network load. Most of the time, fees have remained in their ATHs due to "De-Fi's" popularity in the mainstream world. The hype is such that people are pouring lots of money into ETH like crazy. This translates into higher fees, resulting in decreased adoption of ETH in the mainstream world.
In the bright side, ETH is bound to experience a slight reduction in network fees as the "ETH 2.0" upgrade nears completion. Sharding and second-layer scalability solutions will greatly benefit ETH in the long run, making "De-Fi" practical once more. With alternative smart contract platforms like EOS and TRON, high fees no longer become an issue. One thing for sure is that competition will become fierce in the future, as crypto/Blockchain tech becomes more popular in the mainstream world. Whenever ETH will remain as the "King of De-Fi" or not, it's yet to be seen. I hope ETH leads the way as it scales for the masses within a couple of years from now. Just my thoughts
When will this madness end?
Who is willing to pay such amounts for a transaction?
Try at different times of the day and you will definitely find some time with reasonable gas fee. I have been trading and swapping some tokens recently and i have been able to pay normal fee just maybe i was trading at odd times or off peak time. Who is willing to pay such amounts for a transaction?
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