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Topic: ETH high gas fee - page 34. (Read 23727 times)

full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
December 04, 2020, 01:39:52 PM
Eth is popular and  liked by all so this is  a simple issue to increase the price but  and gas fee as well.As this is a popular coin so it happens but the gas fee will be  limited very son as everyone is objecting about the topic.
but maybe your opinion may be right, but if I look at why gas fees have risen quite sharply, maybe because we didn't adjust ourselves when we were going to make transactions. Try to make a transaction when ethereum's traffic is not high, it looks like the price is right, but maybe because the traffic is high, it is natural that ethereum provides a fairly high gas fee. although this is not something ethereum has done before, hopefully there will be improvements in the future.
jr. member
Activity: 286
Merit: 3
https://goldeth.io/
December 04, 2020, 11:46:48 AM
the market starts to perform well, especially at a significantly moving etherum price then more transactions will occur and hence which makes the network slow and gas costs high, high ethereum gas costs are a major problem at this time. I hope that the price will drop once the market stabilizes.
member
Activity: 308
Merit: 22
December 04, 2020, 11:42:18 AM
I think Ethereum 2.0 will create a very good solution for high fee problems. But it looks like we need some time for this. It has been really annoying to pay ridiculous fees for even low valued transfers. I know that as the price goes up, the fees increase too. But it doesn't mean that we can't do anything about this.
I hope so as it's getting intolerable. Uniswap make this things ridiculous. Almost anything gets listed then the ridiculous gas fees. All that process to farm low yields, and day by day it's kinda horrible to control. Everyone set their eyes on Ethereum 2.0 that promised to low fees.
hero member
Activity: 2968
Merit: 605
December 03, 2020, 03:39:20 PM
lately eth miners have become really greedy, they have seen that the price of eth has gone up a lot and they want to triple their earnings with fees, but when no one will make any more transactions due to skyrocketing fees then maybe they will come back to reason, I personally I will wait for the fees to return to the previous values ​​i.e. 4 or 6 gwei before moving my ethereum
sr. member
Activity: 1064
Merit: 350
December 03, 2020, 03:26:20 PM
I think Ethereum 2.0 will create a very good solution for high fee problems. But it looks like we need some time for this. It has been really annoying to pay ridiculous fees for even low valued transfers. I know that as the price goes up, the fees increase too. But it doesn't mean that we can't do anything about this.
member
Activity: 210
Merit: 10
Sovryn - Brings DeFi to Bitcoin
December 03, 2020, 03:08:50 PM
When will this madness end?
Who is willing to pay such amounts for a transaction?

I hate to say but seems like these high gas and transaction fee issues will continue till atleast another year because eth has announced that these issues will be resolved by sharding which will be phase 1 of eth 2.0 and will take around 12 months to get launched.
full member
Activity: 1050
Merit: 103
BIB Exchange
December 03, 2020, 03:02:13 PM
Guys, I sent the funds already with the recommended gas, and after 20 seconds the gas price changes and my transaction fails. Is it possible?
jr. member
Activity: 78
Merit: 1
November 30, 2020, 02:48:37 PM
Depending on the Ethereum network. These are part of what ETH 2.0 will solve. That's one of why there is excitement about it. It definitely will stop very soon.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 30, 2020, 01:06:53 PM
When will this madness end?
Who is willing to pay such amounts for a transaction?
...

Nobody is willing to pay high fees just to send a transaction on the Blockchain (except if the person is wealthy, of course). This reduces Ethereum's ability to reach mainstream adoption in mass. While the ETH 2.0 upgrade is near launch, I believe it won't be enough to maintain fees in their All-time-lows. Developers are going to need to make use of second-layer scalability solutions, so that dApps will be able to charge a low fee to the end user. It's all a collaborative effort between the average person, and developers themselves in order to make Ethereum a better place. Otherwise, expect fees to continue to rise until Ethereum becomes no different than Bitcoin itself. With so many competing blockchain networks on the market, Ethereum's time is already running out. People will eventually migrate to scalable smart contract platforms like TRON and EOS because of the high fees on the ETH blockchain. The quicker ETH expands its transaction capacity, the faster fees will decline allowing it to gain some sort of leverage on the market.

Nonetheless, it's best to wait until fees become lower on the ETH blockchain before sending a transaction or interacting with a decentralized application. Fees are extremely high because of the hype surrounding "De-Fi". My guess is that once the hype is over, fees will considerably decline on the ETH blockchain. This combined with the PoS upgrade, Sharding, and Layer-Two scalability solutions, will make Ethereum great again. Just my thoughts Grin
copper member
Activity: 389
Merit: 1
November 30, 2020, 12:25:51 PM
I thought the ethereum high fees was a thing of the past, but I can see that it finds away to recur periodically. The only solution is for the ethereum 2.0 project to be effected. I learnt that the project comes with a scalability feature which would help increase the transaction speed and reduce the gas fee for transactions.
hero member
Activity: 1680
Merit: 506
Trphy.io
November 30, 2020, 12:14:39 PM
When will this madness end?
Who is willing to pay such amounts for a transaction?
I have experienced several time making transaction on the ETH network when Tx fee were high.  It is a bit annoying because for only a small need I have to pay $ 10 for a single Transaction.  I hope Vitalik can solve the TX height problem in the future.
sr. member
Activity: 608
Merit: 264
Freedom, Natural Law
November 30, 2020, 11:09:11 AM
When will this madness end?
Who is willing to pay such amounts for a transaction?
When market will settle down - like 10 hours later it was 10 gwei or something.


You mean i have to wait 10 hours to order my coffee, so that the fee is not higher than the product.
jr. member
Activity: 37
Merit: 1
November 30, 2020, 10:58:38 AM
When will this madness end?
Who is willing to pay such amounts for a transaction?
When market will settle down - like 10 hours later it was 10 gwei or something.
Same thing happened when UNI was dropped
full member
Activity: 812
Merit: 100
November 30, 2020, 10:47:57 AM

this has happened a lot on the Ethereum network,
because the Ethereum network is too full so Gwei is getting more expensive,
so don't be surprised about it, just wait until everything goes down.
at a certain time there will indeed be a decline. At this point there has been a decrease, although it can still be said that the fees are quite high. but all this is normal when the transactions that occur on the network increase and continue to accumulate, making many transactions fail.
In my opinion, the reduction in fees is still not optimal, it is still higher than last year. but we hope that the fee eth can be like in the year before 2020. all the fee eth is low and very helpful for those who have small assets.
full member
Activity: 896
Merit: 100
November 30, 2020, 10:19:18 AM

this has happened a lot on the Ethereum network,
because the Ethereum network is too full so Gwei is getting more expensive,
so don't be surprised about it, just wait until everything goes down.
at a certain time there will indeed be a decline. At this point there has been a decrease, although it can still be said that the fees are quite high. but all this is normal when the transactions that occur on the network increase and continue to accumulate, making many transactions fail.
full member
Activity: 1064
Merit: 100
Combo Network
November 30, 2020, 10:16:20 AM
When will this madness end?
Who is willing to pay such amounts for a transaction?


this has happened a lot on the Ethereum network,
because the Ethereum network is too full so Gwei is getting more expensive,
so don't be surprised about it, just wait until everything goes down.
sr. member
Activity: 1540
Merit: 264
Next Generation Web3 Casino
November 30, 2020, 09:30:15 AM
When will this madness end?
Who is willing to pay such amounts for a transaction?
OMG. I last did ETH transaction about 2 weeks ago. Then the transaction fee was 25 - 50 gwei.  The transaction fee has increased about 7-8 times in 2 weeks.
I think ETH 2.0 will actually increase the speed of the transaction and the fee will be much lower. That's why we have to wait for ETH 2.0 to come.
sr. member
Activity: 1344
Merit: 250
November 30, 2020, 09:07:26 AM
The price of ethereum gas has indeed reached its peak until several weeks of gas has not decreased so many transactions have made ethereum gas rise so high and after ethereum 2.0 gas has dropped and made gas so stable no wonder eth 2.0 will be a solution for many dependent ethereum users on gas and deals all the time that makes it all the cheaper if ethereum 2.0 could make gas prices cheaper to make transactions any time.
full member
Activity: 1050
Merit: 100
November 30, 2020, 02:25:04 AM
I don't know ifnis good or bad for us bounty hunters since some of us here solely rely in bounties and selling bounty tokens with high gas fee is not good cause they will most likely get almost nothing in return to what the bounty hunters have for. It might great for projects conducting bounties since hunter won't be able to dump the price hard.

I laugh a little when you say Grin "hunters will not be able to dump the price hard", indeed all this time the token disposal that has happened is the work of the hunters, huh? if yes, then I just realized that what I have sold is dumping, do you know how many tokens each hunter will get this year?

And regarding the expensive GAS cost, I don't think everything will be good, because the project team will also be overwhelmed when they want to distribute tokens to hunters.
member
Activity: 882
Merit: 13
November 30, 2020, 02:17:16 AM
I don't know ifnis good or bad for us bounty hunters since some of us here solely rely in bounties and selling bounty tokens with high gas fee is not good cause they will most likely get almost nothing in return to what the bounty hunters have for. It might great for projects conducting bounties since hunter won't be able to dump the price hard.
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