ETH high gas fee - page 3. | Bitcointalksearch.org

rmhuntley

sr. member

Activity: 980

Merit: 255

HALA MADRID

Quote from: mbakruroh on August 27, 2021, 01:41:41 PM

Quote from: NicNacCoin on August 26, 2021, 06:24:52 PM

At present the etherium gas fee has increased so much that if you want to sell a coin you cannot sell it because of this transaction fee. People have to pay so much transaction fee that it is very embarrassing.Very soon if the transaction fee of this Ethereum platform is not reduced then people will move from Ethereum platform to another platform.Below is an image of the transaction gas fee.

A peg is bigger than a pole. The number of token transactions is smaller than the gas costs incurred. This is the most fundamental problem on the current Ethereum blockchain. The existence of Eth02 does not provide a solution to the current blockchain system. Maybe Vitalik didn't pay attention to this kind of problem, and he didn't take it seriously.

I think with ethgass right now above 70 its to higher fees you pay and better to use Myetherwallet because you can use normal fees transaction, right now for sending erc20 coin you only pay fees about 6$ until 10$. I think too expensive with that amount have to pay and you use very fast speed gas transaction, why not use normal and waiting few minutes with your coin received.

mbakruroh

sr. member

Activity: 658

Merit: 250

enterapp.io PRE-SALE IS LIVE

Quote from: NicNacCoin on August 26, 2021, 06:24:52 PM

At present the etherium gas fee has increased so much that if you want to sell a coin you cannot sell it because of this transaction fee. People have to pay so much transaction fee that it is very embarrassing.Very soon if the transaction fee of this Ethereum platform is not reduced then people will move from Ethereum platform to another platform.Below is an image of the transaction gas fee.

A peg is bigger than a pole. The number of token transactions is smaller than the gas costs incurred. This is the most fundamental problem on the current Ethereum blockchain. The existence of Eth02 does not provide a solution to the current blockchain system. Maybe Vitalik didn't pay attention to this kind of problem, and he didn't take it seriously.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: Veter2000 on August 27, 2021, 04:18:18 AM

And how to deal with them in conditions of too expensive transactions is a problem for small investors.

Still existing issue with small to average investors, this asset/token that still stuck inside ERC cannot move and
exchange to other coin because of transaction fees.

Things that really pissing those investors who are trying to find alternative
Ways. BSC or other chain are now available and it's been enjoyed by many, but the superiority of ETH still big and there are
big bag holders that still trusting this chain and continue to use with no problem.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: raidarksword on August 27, 2021, 09:18:53 AM

High Gas fees are actually frustrating to behold it and it's a common problem now because of ethereum's congested network still soon to build up that's why this should be solve soon for everyone to enjoy less fess and less stress as well to people wanted to swap or withdraw for profits. This is also the reason why some projects already switched to BSC for better comfort of fees and more convenient of swapping tokens on dex platforms.

The frustration you face - all of us face - is real.

Since the market stayed overall in the positive zone with BTC price above 45K, ETH gas fees have started to pick up again. Sure, this makes sense because more people trade, leading to a more congested network, and yet again we arrive at the much required upgrade for ETH v2.0.

The average ETH gas fees for the past 30 days is just >100 gwai, and if you compare that across the main exchanges like Uniswap/Metamask and look at the volume traded you don't become surprised why this is happening.

adibi12

member

Activity: 285

Merit: 10

That is normal because nothing is free in the real world or in the crypto world, high gas costs will certainly facilitate everyone's transactions and of course that is a risk that we must accept, if we talk about when the high gas costs will end, of course no one will You know, because in the future, gas costs may go up or down.

raidarksword

member

Activity: 2044

Merit: 16

High Gas fees are actually frustrating to behold it and it's a common problem now because of ethereum's congested network still soon to build up that's why this should be solve soon for everyone to enjoy less fess and less stress as well to people wanted to swap or withdraw for profits. This is also the reason why some projects already switched to BSC for better comfort of fees and more convenient of swapping tokens on dex platforms.

Kunotcoin

jr. member

Activity: 109

Merit: 1

It won't go back thats why I don't use ETH anymore Ethereum price become expensive including the transaction fees, which is not good and friendly to the small and micro investors. Polygon is the answer or BSC Network.

Tash

sr. member

Activity: 1190

Merit: 305

Pro financial, medical liberty

Quote

ETH high gas fee

That is not a problem, it was promised 6 years ago that it will be fixed sooon

Veter2000

sr. member

Activity: 1512

Merit: 306

Quote from: poodle63 on August 26, 2021, 08:30:33 PM

Quote from: Veter2000 on August 26, 2021, 11:33:19 AM

This is complete insanity, especially since the cost of transactions in Gwei is growing.

It seems the cost of transaction is growing day by day instead of reducing. People are switching to binance smart chain not only because the fee of Ethereum is high but also because the fee sometime reaching more than "high" or become too high, sometime the fee can become 600 gwei and that's crazy compared to BSC where the fee is cheap and rarely reaching that kind of price.
Maybe people will decide to stay in BSC because it also have a fast speed compared to Ethereum and it's already popular and many people used it.

The problem is that it is possible to transfer large cryptocurrencies, like bitcoin or stablecoins in tokenized form from the ether blockchain to other blockchains to invest in DeFi, but there remains a mass of tokens traded only on the ETH blockchain. And how to deal with them in conditions of too expensive transactions is a problem for small investors.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: Veter2000 on August 26, 2021, 11:33:19 AM

This is complete insanity, especially since the cost of transactions in Gwei is growing.

It seems the cost of transaction is growing day by day instead of reducing. People are switching to binance smart chain not only because the fee of Ethereum is high but also because the fee sometime reaching more than "high" or become too high, sometime the fee can become 600 gwei and that's crazy compared to BSC where the fee is cheap and rarely reaching that kind of price.
Maybe people will decide to stay in BSC because it also have a fast speed compared to Ethereum and it's already popular and many people used it.

NicNacCoin

sr. member

Activity: 1386

Merit: 451

At present the etherium gas fee has increased so much that if you want to sell a coin you cannot sell it because of this transaction fee. People have to pay so much transaction fee that it is very embarrassing.Very soon if the transaction fee of this Ethereum platform is not reduced then people will move from Ethereum platform to another platform.Below is an image of the transaction gas fee.

Valak

full member

Activity: 743

Merit: 110

Quote from: flip4flop on August 26, 2021, 11:58:58 AM

This has been frustrating to see gas prices this high and just continue to rise or hold about the same level. I refuse to use the network for transactions or withdrawing mining revenue until it comes down to lower levels. I am not sure why this is continuing day after day but waiting for it to settle down. Maybe this little pullback today will finally start to decrease the cost.

I see the cost of Ethereum gas is very dependent on the price of Ethereum. If the price of Ethereum is high then the cost of gas is also very high. However, we need to pay attention to the amount of Ethereum in each transaction. Maybe now with before is still the same. Fees are generally 0.001 to 0.002. Except the fees on the swap platform.

flip4flop

full member

Activity: 378

Merit: 135

This has been frustrating to see gas prices this high and just continue to rise or hold about the same level. I refuse to use the network for transactions or withdrawing mining revenue until it comes down to lower levels. I am not sure why this is continuing day after day but waiting for it to settle down. Maybe this little pullback today will finally start to decrease the cost.

Veter2000

sr. member

Activity: 1512

Merit: 306

Quote from: speedforce on August 23, 2021, 06:16:53 PM

Quote from: domoy77 on August 21, 2021, 09:42:48 PM

Quote from: speedforce on August 21, 2021, 06:36:46 PM

Agree, some of my tokens also trapped on the wallet since i cant move it because the fees will just hurt me so much because the amount of the tokens is not so much.
The only option we have is just wait until the gas reduced to be rational amount.

How much gas dollars do you think can be very rational? because what I see at the moment the cost of Gas transactions on the Ethereum network can be done with only $4 in one transaction or on 25 Gwei, do you think it's irrational with the price of Ethereum which has reached $ 3,229.30 Huh

Check at uniswap fee needed or even erc20 transfer fee, its almost 50$ to have uniswap transaction and 14$ to do ERC20 transaction. Should i wait Ethereum reach 300$ to do any transaction? I dont think comparing Ethereum price with its gas fee is a good thing, the gwei should decreased so the fee would be cheaper.

This is complete insanity, especially since the cost of transactions in Gwei is growing. This ultimately makes Ethereum a toy only for the whales and the rich, and ordinary people are switching to binance smart chain, Fantom and Polygon, which ultimately will have a bad effect on ETH 2.0.

rmhuntley

sr. member

Activity: 980

Merit: 255

HALA MADRID

Not stable with eth gas fees and some time down like last three months and now back higher price for fees and not good for swap coin on Uniswap exchange, right now send coin from wallet to exchange take 5$ and more depend how fast and low transaction speed we use, better if you have erc20 coin network and support with exchange better sent to the exchange if you got chance with lower gas than hold in your wallet.

Rabi3

full member

Activity: 1204

Merit: 100

Quote from: hamba laeh on August 23, 2021, 02:30:06 PM

Quote from: VolkoB on November 26, 2020, 04:33:17 AM

When will this madness end?
Who is willing to pay such amounts for a transaction?

it looks like the current ethereum transaction fees are already low and not as high as they were a few months ago. and at that time only a few people wanted to transact using ethereum because it was not in accordance with the capital they had. and many people switched to using bsc at that time because the transaction fees were low. but now it's back to normal and people are using eth again.

you got used to the gas fees being so high that when they went down a little, you're saying that it's back to normal, you still has to pay $30 to swap a token on Uniswap, that's not normal, if i get a token that is worth $30 or less it is like i didn't get anything, and that is for sure not normal.

speedforce

full member

Activity: 758

Merit: 104

Quote from: domoy77 on August 21, 2021, 09:42:48 PM

Quote from: speedforce on August 21, 2021, 06:36:46 PM

Agree, some of my tokens also trapped on the wallet since i cant move it because the fees will just hurt me so much because the amount of the tokens is not so much.
The only option we have is just wait until the gas reduced to be rational amount.

How much gas dollars do you think can be very rational? because what I see at the moment the cost of Gas transactions on the Ethereum network can be done with only $4 in one transaction or on 25 Gwei, do you think it's irrational with the price of Ethereum which has reached $ 3,229.30 Huh

Check at uniswap fee needed or even erc20 transfer fee, its almost 50$ to have uniswap transaction and 14$ to do ERC20 transaction. Should i wait Ethereum reach 300$ to do any transaction? I dont think comparing Ethereum price with its gas fee is a good thing, the gwei should decreased so the fee would be cheaper.

Emmychris

jr. member

Activity: 170

Merit: 1

Well due to the congestion of the ETH blockchain there has been insane rise transaction fees and transaction time, which had made some users deviate to other blockchains with cheaper fees and faster transactions time, well we all hoped that the eth 2.0 would be a solution to the high fees of the Eth network well but so bad the launch of the ETH 2.0 hasn't shown any much effect as fees are still high tho not as high as the past months, well lets keep watching how things goes with time.

anti-dot

full member

Activity: 171

Merit: 100

The Standard Protocol - Solving Inflation

Quote from: speedforce on August 22, 2021, 06:25:31 PM

Quote from: anti-dot on August 21, 2021, 06:41:21 PM

Quote from: speedforce on August 21, 2021, 06:36:46 PM

Quote from: rmhuntley on August 21, 2021, 06:27:09 PM

Problem face by every trader and bounty participants with gas fee because many project delay distribution when gas price up, I think good moving if any coin have both network between erc20 and bsc20 so trader or bounty participant have good choose when trading or investing. Right now many coin have both network BSC or ERC and we can choose which one is worth for investing and deposit coin.

Agree, some of my tokens also trapped on the wallet since i cant move it because the fees will just hurt me so much because the amount of the tokens is not so much.
The only option we have is just wait until the gas reduced to be rational amount.

But in a best case scenario that is going to happen fast or otherwise these tokens are also dying down in value probably. Then again we know that it will take quite some time until Ethereum plans to further improve its scalability. It is definitely a mess with the gas fees. Time and time again I check what the transaction would cost me and it is just not possible to perform it.

But i have no option since i have no ethereum left on my wallet, i should deposit it from exchange which already hurt me a lot, then fee for swap it on Dex after that i need to send back the Ethereum to the exchange. I dont think i have Ethereum left after such that activities Cry

Oh yes bro, I hear you... Cheesy

The withdrawal, the swap, the moving of the tokens, selling them, withdraw again to an exchange where you can cash out. That turns $100 into $10 at best right now! Cheesy

A while ago I had some Ethereum stuck on Forkdelta because it was still deposited in a smart contract. My god I can tell you that was such a sweat to get it out. It wasn't that much, but you wouldn't want to leave it either. Then Forkdelta produced an error all the time until someone explained how to withdraw from the control command within MyEtherWallet. That was helpful, but still expensive. You first need to send ETH to the address, then use that ETH to perform the withdrawal of the smart contract, and then send it again to wherever you want to send it.

hamba laeh

full member

Activity: 798

Merit: 100

Reward: 10M Shen (Approx. 5000 BNB) Bounty

Quote from: VolkoB on November 26, 2020, 04:33:17 AM

When will this madness end?
Who is willing to pay such amounts for a transaction?

it looks like the current ethereum transaction fees are already low and not as high as they were a few months ago. and at that time only a few people wanted to transact using ethereum because it was not in accordance with the capital they had. and many people switched to using bsc at that time because the transaction fees were low. but now it's back to normal and people are using eth again.

Topic: ETH high gas fee - page 3. (Read 23751 times)