Topic: ETH high gas fee - page 4. (Read 23725 times)
I think this is increasing day by day, it's one of the reason have not been able to withdraw from the platform because the gas fee is annoying most times, though I take it as an opportunity for the coin to rise more. But on the other hand there network is ok but the gas fee is high compare with BSc and others.
That is why, in terms of transaction fees, many individuals prefer BNB smart chain to ETH. The fees for ETH transactions are extremely expensive and unreasonably high, which is why the majority of NFTs are currently on the Binance smart Chain. Only AXIE infinitey is in the ETH because this NFT game started a long time ago, while the other NFT games are in the Binance Smart Chain, as you can see in many popular NFT games.
That's why every time there is a pump on Ethereum gas, it will definitely increase as well, to be honest I'm reluctant to hold tokens on the Ethereum blockchain because it is very expensive, like now when I want to sell some tokens I have to prepare it's at least $10 to send tokens on an exchange whereas on the Binance network we only need a penny I'm enough so this will be of much interest including on this now popular NFT. When will this madness end?
Who is willing to pay such amounts for a transaction?
Exactly dear , every one is worried about this fee charges .. Etherum transcation fees is rising too much high , Who is willing to pay such amounts for a transaction?
In depth view into Ethereum Average Gas Price including historical data from 2015, charts and stats.
Average Growth Rate: 2.44K%, A standard ETH transfer requires a gas limit of 21,000 units of gas. The more complex the commands you want to execute, the more gas you have to pay.
Ethereum's transaction gas fee has increased a lot. However, we can see that it is decreasing at present. We want ethylene gas fee prices to come down further and the Ethereum platform to go much further.If the Ethereum gas fee is greatly reduced then the Ethereum platform will go much further and the value will be the highest popularity.
true, the high cost of ethereum gas is still a major problem today. and I don't think it's possible for ethereum gas fees to drop again in the near future, especially knowing that the price of ethereum continues to increase, it is very likely that transaction fees on the erc-20 network will last a long time.
ETH gas fee has become a problem for all of us. I heard that the ETH gas fee will be reduced in a few days.
Where have you heard that? but, it seems that it's decreasing and if this continues then we're all going back to normal againYou need good timing if the fees drop then you should do your transaction by that time. The lowest that I've seen I think is 27 gwei but now, it's 53 gwei.
That is why, in terms of transaction fees, many individuals prefer BNB smart chain to ETH. The fees for ETH transactions are extremely expensive and unreasonably high, which is why the majority of NFTs are currently on the Binance smart Chain. Only AXIE infinitey is in the ETH because this NFT game started a long time ago, while the other NFT games are in the Binance Smart Chain, as you can see in many popular NFT games.
ETH gas fee has become a problem for all of us. I heard that the ETH gas fee will be reduced in a few days.
Where have you heard that? but, it seems that it's decreasing and if this continues then we're all going back to normal againETH gas fee has become a problem for all of us. I heard that the ETH gas fee will be reduced in a few days.
Where have you heard that? but, it seems that it's decreasing and if this continues then we're all going back to normal again.But sadly, its gas fees have not been reduced yet. I have not yet received any news regarding when it will be reduced.
It did. 
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
Sometimes i think the High ETH gas fees are exaggerated of course paying as much as $3 - 6 for transactions is much but it cannot be in anyway compared to the transaction fees on the bitcoin blockchain. I think Vitalik and his team have a lot to do on the ethereum V2 on top of that list should be lowering the transaction cost of tokens on the eth Blockchain, this will speed up the rate of crypto usage
Right from 2020 when the gas fee went up, we have been paying because we have been left with no choice, I have spent over 60$ worth of eth as gas fee on uniswap, currently the price is in fluctuation, I have not seen it above 15$ lately, as of the time of this comment, it's currently, 5$. We believe it will reduce in due time, when the rate at which projects migrate from the Blockchain to a more cheaper one increase.
I think people were expecting too much from the London hardfork implemented on the Ethereum blockchain in August 2021. They thought the transaction fees would be very low, and they would send cheap ETH transfers and swap ERC20 tokens on DEXes.
In fact, Ethereum miners are now earning little money from transaction fees that exceed the base fee per gas. However, they are interested in burning as many ETH coins as possible in order to make the supply more scarce on cryptocurrency exchanges. The whales will also likely try to add deflation blocks burning more than 2 ETH in order to publicly report about the useful feature introduced recently.
In such a situation, I guess the transaction fees will remain quite high in the near future.
In fact, Ethereum miners are now earning little money from transaction fees that exceed the base fee per gas. However, they are interested in burning as many ETH coins as possible in order to make the supply more scarce on cryptocurrency exchanges. The whales will also likely try to add deflation blocks burning more than 2 ETH in order to publicly report about the useful feature introduced recently.
In such a situation, I guess the transaction fees will remain quite high in the near future.
That's interesting and obviously a detail I missed to understand about the fork. Is there a ratio or statistics available of emission vs. burning per day? Are we talking substantial numbers here or does the daily emission still outcompete the actual burning rate?
Also, would it ever be possible that the supply becomes deflationary due to that feature? From what I understood it wasn't really the goal for Ethereum to become deflationary, so maybe you can enlighten me here.
The cost of transactions and scaling, according to Buterin himself, will be reduced only after the transition to the ETH 2.0 blockchain and the launch of POS mining and sharding. And this transition may begin in early 2022.
If after that happening and the gas price of ETH become as cheap as BSC it will probably help ETH make the market rally and increase its market capitalization.But we don't know what will happen to the fee before that. But if the fee is still more than BSC, I wonder if people will still stay in BSC or move to ETH again because the gas price is maybe not that expensive anymore.
Fees are much higher than the normal cost. ETH will never reduce this fee? If the fee is reduced as before, then maybe there will be a lot of profit for traders. And it can increase the investment a lot.
The fee will probably never be reduced in the future because the fee also follow the price of ETH and can randomly increase again when there is huge bullrun happening in the market.But many of people already moving to BSC as an alternative and the fee is chaper compared to ETH so this fee problem is only for people who still stay in ETH although maybe in the future it
will be solved and maybe the fee can become really cheap again.
The cost of transactions and scaling, according to Buterin himself, will be reduced only after the transition to the ETH 2.0 blockchain and the launch of POS mining and sharding. And this transition may begin in early 2022.
Fees are much higher than the normal cost. ETH will never reduce this fee? If the fee is reduced as before, then maybe there will be a lot of profit for traders. And it can increase the investment a lot.
The fee will probably never be reduced in the future because the fee also follow the price of ETH and can randomly increase again when there is huge bullrun happening in the market.But many of people already moving to BSC as an alternative and the fee is chaper compared to ETH so this fee problem is only for people who still stay in ETH although maybe in the future it
will be solved and maybe the fee can become really cheap again.
I think people were expecting too much from the London hardfork implemented on the Ethereum blockchain in August 2021. They thought the transaction fees would be very low, and they would send cheap ETH transfers and swap ERC20 tokens on DEXes.
In fact, Ethereum miners are now earning little money from transaction fees that exceed the base fee per gas. However, they are interested in burning as many ETH coins as possible in order to make the supply more scarce on cryptocurrency exchanges. The whales will also likely try to add deflation blocks burning more than 2 ETH in order to publicly report about the useful feature introduced recently.
In such a situation, I guess the transaction fees will remain quite high in the near future.
In fact, Ethereum miners are now earning little money from transaction fees that exceed the base fee per gas. However, they are interested in burning as many ETH coins as possible in order to make the supply more scarce on cryptocurrency exchanges. The whales will also likely try to add deflation blocks burning more than 2 ETH in order to publicly report about the useful feature introduced recently.
In such a situation, I guess the transaction fees will remain quite high in the near future.
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 The only option we have is just wait until the gas reduced to be rational amount.
We have seen an increase in ETH gas fees recently. I don't want to complain about this because we've talked a lot about it. But on a positive note, I'm seeing increased usage and the signals I'm seeing are all starting to return to the market, possibly in preparation for a big bull run.
it was because of the bullrun that the gas fee become high again, before that when eth got dumped the gas was pretty cheap now its coming to 40 gwei above again but sometime the gas can become expensive suddenly without any price increase or decrease in the market. moreover the more price increase eth will have in the future that means the most costly the fee will become because each gwei will have higher value maybe when that happen many people will move to bsc again although the price of eth can increase but it can be problem if the fee stay above 40 gwei.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.
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