ETH high gas fee - page 35. | Bitcointalksearch.org

montaga

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Freedom, Natural Law

Quote from: TofuDefi on November 29, 2020, 12:20:49 AM

Quote from: Aldrinx00 on November 28, 2020, 08:57:17 PM

As Vitalik Buterin said they are planning to end high transaction fees this coming December 1 with the ETH 2.0 launch. Hoping it will be successful because high transaction fees is a pain to small traders like me.

They will need a year or even more to really solve the problem.

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Say good-by to high trading fees, trading must be cheap and for everyone

MishaSER

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Quote from: btcltcdigger on November 28, 2020, 02:49:55 PM

ATM network has calmed down. It seems that 600 gwei gas fees were caused by panic selling once the correction began.
Now the gas prices are quite reasonable

▫️ Fastest: 22 gwei (0.4 minutes) 👉 $0.25
▫️ Fast: 17.6 gwei (0.5 minutes) 👉 $0.20
▫️ Average: 12.9 gwei (1 minutes) 👉 $0.15
▫️ Safe Low: 12.9 gwei (1 minutes) 👉 $0.15

Finally, the network is back to normal, I can sell my tokens, I hope this problem will be solved in the future.

Menawi12

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Quote from: Teraboy on November 27, 2020, 07:51:01 AM

Quote from: Menawi12 on November 27, 2020, 12:50:16 AM

I have paid a transaction fee of more than $ 5 but I think it's still worth it when claiming an airdrop from Uniswap. It is common for transaction fees on ethereum to change depending on whether the ethereum network is busy or not. Hopefully the launch of ETH 2.0 will reduce transaction costs

That's the different case, we are talking about is it worth to pay a few dollars to send a very small transaction. That means it has nothing to do with uniswap claim.
The majority of small users were not able sending their coin to the exchange sites when the ethereum chain was getting clogged.
I think that you must understand about that dude.

If what is meant is that paying a transaction is more expensive than the price of the token that we send, I think it is better not to make a transaction because we are losing count. But if what is meant is an ethereum transaction that continues to rise in dollar value, I think it is also reasonable because the ethereum price also starts to continue to rise

TofuDefi

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Trade and stake Ethereum assets on TRON

Quote from: Aldrinx00 on November 28, 2020, 08:57:17 PM

As Vitalik Buterin said they are planning to end high transaction fees this coming December 1 with the ETH 2.0 launch. Hoping it will be successful because high transaction fees is a pain to small traders like me.

They will need a year or even more to really solve the problem.

SabrinaBianka

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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?

Its hard for me to see that eth gas was so very expensive! I can't afford that! I have experienced of transaction failed because of that gas. I tried to trade on last September on uniswap and its failed when I clicked swap. Its sad because in time of crisis I didn't participate on uniswap airdrop snapshot so my wallet not included on the list of rewarded person.

noorman0

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Quote from: ?? on ??

_snip_

The reason is because of 2 interrelated things:
Many new projects have been developed using the ethereum blockchain since its introduction because development is so easy. This platform has become the number one tool of its time until recently, although several competitors have emerged.

Many wallet platforms are compatible with ERC20-based asset management since the ethereum smart contract technology was created. The project team cannot avoid ehtereum platform if they want to reach more investors (including small investors) even though the network will experience heavy traffic and high transaction fees.

lepbagong

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Quote from: ?? on ??

Ethereum gas fees is more higher than other cryptocurrencies but there are still more population in Ethereum investors, how are still making a good income from their Investment. Despite the high fee of Ethereum people are still having interest on Ethereum than altcoin that is not showing any sign of pumping for investors to recover from the lost they have experienced during the pandemic. Ethereum is about to pump despite many customers never Experience delay in rising from Ethereum before, that is making them worry about the fees and dump in this season that is very close to 2021.

increase in gas fees in ethereum because at the time what you were doing was indeed very high traffic, so it took a long queue and provided convenience with higher gas fees. but this is only an estimate, but it could be true because I remember when I once sent bitcoins it was a bit delayed, after tracing there was a lot of traffic. Compared to the others, the exchangers I used at that time were known for their cheap fees.

However, the current price increase seems to have changed, it has not been maximized because for small transactions, the payment of the gas fee is really felt. hopefully it will gradually decrease, we just wait, besides there are other alternatives ?

bounceback

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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?

Very sad looking with ethereum gass very high during many bounty campaign always use with erc20 wallet and not support with eth wallet exchange and I know with exchange wallet still not listed of ICO and bounty coin, but I think better change payment way to be trc wallet and use coin have platform trx, where sending become very faster and lower fees transaction, just 1 trx when sending coin. Maybe if not gas have lower fee we as bounty hunter and ICO project get difficulty how to manage fee sending payment, some time when coin price is up we need higher fee for sending and not the same with how much earning get from selling coin after reduce from higher fee gas.

Salauddin1994

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ETH traders suffer a lot due to high gas fees in case of exchange the amount of fee has to be paid more but not after any impact on their actual teams with the increase in the price of etherium the amount of excavation fee will come down a lot. If the tokens are exchanged properly in the market the eth high gas fee will be reduced.

Dewajuna09

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high ethereum gas fees are very beneficial for miners but not for traders. because a trader needs very high transfer traffic to send or withdraw tokens. hopefully it can be cheaper and more stable in the future

Aldrinx00

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As Vitalik Buterin said they are planning to end high transaction fees this coming December 1 with the ETH 2.0 launch. Hoping it will be successful because high transaction fees is a pain to small traders like me.

Dollar_Hunter

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Fees on the Ethereum network are very unstable, usually go up and usually go down,
and now Gas Fees on Ethereum are only 13 Gwei, of course this is cheap,
fees on Ethereum were at 100 Gwei and this infuriated users of the Ethereum network,
if this continued then Ethereum users and traders alike can avoid it.

orengitu

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Now am totally exhausted on these costly exchanges on Ethereum blockhain and everybody is as of now burnt out on holding up while Enthe isuue will be taken care of and on the off chance that this issue won't be unraveled soon, at that point I think much more individuals will utilize different blockchains for different exchanges, so I expectation Ethereum 2.0 will have the option to take care of this difficult which has been continuing for a year or perhaps more. And itand gas are not the same for all users, some are still lucky to have low gas fee

btcltcdigger

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To boldly go where no rabbit has gone before...

ATM network has calmed down. It seems that 600 gwei gas fees were caused by panic selling once the correction began.
Now the gas prices are quite reasonable

▫️ Fastest: 22 gwei (0.4 minutes) 👉 $0.25
▫️ Fast: 17.6 gwei (0.5 minutes) 👉 $0.20
▫️ Average: 12.9 gwei (1 minutes) 👉 $0.15
▫️ Safe Low: 12.9 gwei (1 minutes) 👉 $0.15

MishaSER

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Quote from: ?? on ??

When I wrote this comment, the Ehtereum gas fee only 25gwei, and this is so cheap if compare to your statement in the thread, so I think you just need to wait until the gas fee becomes normal.

We all hope that Ethereum 2.0 will bring us a solution for this because maybe we need to make an important transaction and we want not to wait, and when the gas fee is high no one we can do

For example, I want to sell a token because at the moment it has a high price. If you say that you have to wait until the gas price goes down, then I will miss the moment.

IkonaDro4ku

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Today is a good day for me! Because after a hundred days my transaction finally went through Cheesy

I put gwei 10.
I'm so glad that the network is finally booted but i think it won't be long.

InwardContour

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Some people suggest that ETH 2.0 will curb the issue of high gas fees, but no one knows precisely, since it wasn't categorically stated by Ethereum founders. Sometimes the high gas fee for ETH is so annoying, and this result to higher fees even when withdrawing ERC20 tokens from exchange. This is the more reason why I usually choose TRC20 token standard when withdrawing USDT, since it has lower fees and even faster transactions. I hope to see a time when Ethereum will be more scalable, with negligible fees.

heztida3

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Ethereum needs to upgrade transaction fee.be pretend fee going on not for a long time, because fee always changable, the gas price will return to its place and become cheap again.

acener

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The ETH fee is similar to the market it does go up and sometimes go low,
This is why you should always check the amount of gas needed before making a transaction.
For times like this only those who badly needed the money would make a transaction for those who doesn't need it urgently would just wait till it goes down.
Look's like the Gas fee has go back to being cheap again.

FireBallex

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Ethereum gas fee isn't permanent, if fee is too high today it will be down the next day, sometimes it goes down in hours, Ethereum transaction fee have been surging since DeFi hype begins some weeks back and I believe that things will change very soon, when Proof of stake algorithm for Ethereum got launched gas fee will become cheaper

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