Topic: ETH high gas fee - page 30. (Read 23741 times)
due to the bullish market, people come in this crypto market and start investment, someone do trading.thus the amount of transactions is increased even thousands of transactions happened within a second, thats really big thing.so miners are in demand for their service.well recently i transfer my token to exchange, onky need 40gwei cost 80cent. I think the problem is solve finally but can occurred again if the transactions hyip start again
This ridiculously high gas fee might possibly be what will finally discredit the mass adoption the ethereum network has gained since a very long time. Although, ethereum 2 might address this issue of high gas fee, but if not, the upcoming projects might now be looking towards Tron blockchain to place their projects. And the existing ones might also start to consider migration of their projects to cheap and easily maintained blockchain.
It is very natural that ETH has a high gas fee, because the market is in a bullish trend so there are lots of transactions that take place.
And ETH 2.0 cannot be a solution in the near future, because it definitely needs some improvements so that ETH 2.0 can run as expected.
Now we can only be patient with the high gas fees, we can also use other coins that have transaction fees that are cheaper than ETH.
I am also sure that the developers team from ETH will soon fix the gas fee from ETH which is still high.
And ETH 2.0 cannot be a solution in the near future, because it definitely needs some improvements so that ETH 2.0 can run as expected.
Now we can only be patient with the high gas fees, we can also use other coins that have transaction fees that are cheaper than ETH.
I am also sure that the developers team from ETH will soon fix the gas fee from ETH which is still high.
I was waiting for the release of Ethereum 2.0 just and only because i thought it can return the ethereum gas fee as it was before but i think i am wrong.Right now Gwei is around 60-80.I have lost so much fee because of high gas fees.Now i think gas fee will never be less.And right now cryoto market is green and there is no way that ethereum gas fee will be less as people will make more transaction.
Hey when you have checked that gwei or gas fee transaction of ETH up around. your comment is posted today but i just checked that the gwei is not that much. It is 24 gwei and the fee about less then 1 dollar.
about ethereum 2.0, i read that in this intial upgrade eth still have old problems sometimes like gas fee or etc.
As they say: Be happy =)
LOL, I think they are not happy now. This is the problem with the bullish trends because higher fees are being deducted in every transactions. We do not have a choice because the demand for the service of the miners is so high and that people whom doing transaction does not mind paying high fees in return to get a quick confirmation. I think sunday dawn time to do the transaction would be better and we can expect lower gas fees.
I was waiting for the release of Ethereum 2.0 just and only because i thought it can return the ethereum gas fee as it was before but i think i am wrong.Right now Gwei is around 60-80.I have lost so much fee because of high gas fees.Now i think gas fee will never be less.And right now cryoto market is green and there is no way that ethereum gas fee will be less as people will make more transaction.
At present it is much less than before. Ether fee was 6-7$ in 2-1 months ago. In fact, those who are transferring have lost a lot and Eth fee deducting in 1-2$. It would be nice if it could be reduced to 30-50 cents.
It's weird honestly that the developers of Ethereum are silent, 6 bucks per transaction is translated into "Network failure" and it clearly means that Ethereum might die if its users change their beliefs and adopt LiteCoin instead. It's not acceptable in any means that the network is asking for 6$ per transaction, people! it's 60$ per 10 transactions? what the hell is going on?
Yes, I just checked and the gas is high again. This greatly affects my trading, I hope they will scale the system in the future. It's weird honestly that the developers of Ethereum are silent, 6 bucks per transaction is translated into "Network failure" and it clearly means that Ethereum might die if its users change their beliefs and adopt LiteCoin instead. It's not acceptable in any means that the network is asking for 6$ per transaction, people! it's 60$ per 10 transactions? what the hell is going on?
LiteCoin doesn't have smart contracts, so it can't be alternative to Eth.
I am very sad to see the very high cost of gas, as a result of which many projects delay payment for bounty hunters, due to the very high cost of gas. I personally really object to transactions with very high gas costs, hopefully this will end soon and gas costs return to normal. because conditions like this are very torturous for everyone including me who is only a minor player.
It's what it's and we also can't do anything in a situation like this. I just hope that ethereum 2.0 really does have a solution to this problem. sometimes fees are also unreasonable because the amounts are not proportional to the value of the transfer
It's weird honestly that the developers of Ethereum are silent, 6 bucks per transaction is translated into "Network failure" and it clearly means that Ethereum might die if its users change their beliefs and adopt LiteCoin instead. It's not acceptable in any means that the network is asking for 6$ per transaction, people! it's 60$ per 10 transactions? what the hell is going on?
It's not only about price of ETH, it's also about current network load and network's ability to process transactions.
That's right, it all depends on the current ethereum network. because ethereum is currently very crowded, the fees will automatically be higher. I still hope that ethereum 2.0 is able to solve this problem soon, because I think this is one big problem that should be resolvedEthereum 2.0 is still in Phase 0 and I think it will take about year for them to enable payments. I suggest to use TRON until then for small payments. It has all features Ethereum has with much lower fees. It's very convenient for USDT payments for example.
I am very sad to see the very high cost of gas, as a result of which many projects delay payment for bounty hunters, due to the very high cost of gas. I personally really object to transactions with very high gas costs, hopefully this will end soon and gas costs return to normal. because conditions like this are very torturous for everyone including me who is only a minor player.
I think there should be a gas fees of Eth at one level. If I have some coins and I transfer them to the exchange, but my coins price is not more then ten dollars and as i do gas fees more then four or six dollars then What i gained.
there the gas fees depends coins price which i have in eth wallet. so i think that gas fees should be normal.
there the gas fees depends coins price which i have in eth wallet. so i think that gas fees should be normal.
Ethereum has been known for a long time about high gas fees, and it has been popular with traders,
therefore traders are also reluctant to use Ethereum as a transactional tool,
just imagine sending $ 10 in fees which must be paid $ 1- $ 2 if the network is full.
Now the transaction fee can be more than $3, even though ETH Gas is below 100 but ethereum transaction fees are still expensive, this is because ethereum prices have risen quite high so that gas costs have also become very expensive even though they are lower than last November.therefore traders are also reluctant to use Ethereum as a transactional tool,
just imagine sending $ 10 in fees which must be paid $ 1- $ 2 if the network is full.
Ethereum has been known for a long time about high gas fees, and it has been popular with traders,
therefore traders are also reluctant to use Ethereum as a transactional tool,
just imagine sending $ 10 in fees which must be paid $ 1- $ 2 if the network is full.
Now the transaction fee can be more than $3, even though ETH Gas is below 100 but ethereum transaction fees are still expensive, this is because ethereum prices have risen quite high so that gas costs have also become very expensive even though they are lower than last November. therefore traders are also reluctant to use Ethereum as a transactional tool,
just imagine sending $ 10 in fees which must be paid $ 1- $ 2 if the network is full.
Now a days ethereum gas fees is really high. And day by day it is sky rocketing. Few months back or year back the ethereum gas fees was kind of normal. But after this definitely and nfts come to the market the fees started to go high. Now it's hard to send small amount or small amount of token in ethereum blockchain. But i think after fully establishment of eth 2.0 maybe the fees will go down a bit low. But it's very important that people like ethereum their are lots of chains available and some of them are technically better than ethereum with very low fees. But people always support ethereum more than any platform or coins.
I think it depends on the transaction desity.
When the price of ETH is high, you'll need more fee per transaction.
When the price of ETH is high, you'll need more fee per transaction.
It's not only about price of ETH, it's also about current network load and network's ability to process transactions.
I think it depends on the transaction desity.
When the price of ETH is high, you'll need more fee per transaction.
When the price of ETH is high, you'll need more fee per transaction.
It's not only about price of ETH, it's also about current network load and network's ability to process transactions.
Found this screenshot today:
Poor guy spent already 1 ETH for transactions and still haven't achieved what he wanted...That is not what we all awaited from ETH 2.0.
This is a strong punch on Ethereum blockchain reputation. You can forget with arbitrage for a long time with such speed and prices. Something must be done by Buterin, otherwise his blockchain will face death or ignorance.
Buddy, base on what I am seeing in the screen shot this is not an issue from the ETH network but the DEX (Uniswap) where the user is trying to trade cause almost every DEX charge ridiculous fee sometime which make me ask people for few ETH when I want to trade on DEX. Poor guy spent already 1 ETH for transactions and still haven't achieved what he wanted...That is not what we all awaited from ETH 2.0.
This is a strong punch on Ethereum blockchain reputation. You can forget with arbitrage for a long time with such speed and prices. Something must be done by Buterin, otherwise his blockchain will face death or ignorance.
The current ETH gas are not above the below Gwei.
Fast - 143 gwei (~ 15 sec)
Average - 102 gwei (~ 1 min)
Low - 42 gwei (> 10 min)
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