ETH high gas fee - page 5. | Bitcointalksearch.org

speedforce

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Quote from: rmhuntley on August 21, 2021, 07:27:09 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.

anti-dot

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Quote from: rmhuntley on August 21, 2021, 07:27:09 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.

The worst thing about the high fees is that using Uniswap really is no option. You can't make any smaller trades as the fees are higher than the trade itself. It is almost never less than $25 when you want to use Uniswap. I don't know how they calculate the fees, but what is annoying is that usually transactions are lower in price. Uniswap takes quite the cut.

rmhuntley

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HALA MADRID

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.

viananda2525

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Quote from: lizarder on August 21, 2021, 12:28:15 PM

Quote from: VolkoB on November 26, 2020, 05:33:17 AM

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

This is what Ethereum has not been able to perfect until now, everyone says the same as you, but because there is no other choice, makes people stick and continue to use it, so that choice becomes an alternative in making transactions.

However, if you look at the current ethereum response, with the discussion of high transaction costs, it is very much different for the two, we can see from the current state of ethereum in cryptocurrency to its position, people's response to the two is very different at this time.

if this problem hasn't solved yet, slowly ethrereum will beaten by other platform. just look at binance smart chain daily transaction its beat ethereum , and if another platfrom do the same with bsc i am believe slowly ethereum will be left by their community.

Kayum10029

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Quote from: Gbniman on August 21, 2021, 03:41:30 PM

Even more, with huge transactions piled up in the memory pools of networks like Bitcoin and Ethereum, the laws of supply and demand almost always skyrocket the network fees or 'gas fees' for Ethereum.
Actually i don't even care about the increase of gas fees since there is BSC for me to used, with that i can make my transaction easily.

Currently, most of the projects are being launched on the Binance Smart Chain platform as the Ethereum transaction fee is too high for small investors to invest. So forced to choose another platform

Gbniman

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Even more, with huge transactions piled up in the memory pools of networks like Bitcoin and Ethereum, the laws of supply and demand almost always skyrocket the network fees or 'gas fees' for Ethereum.
Actually i don't even care about the increase of gas fees since there is BSC for me to used, with that i can make my transaction easily.

Ruvi2000sew

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When the price of a coin rises in the market, the situation worsens, and Ethereum is one of them. We can see for ourselves that the price of Ethereum has surpassed its previous high point, causing network congestion and higher transaction costs.Many projects are beginning to see the negative consequences of excessive fees, prompting them to explore for alternatives in the crypto or Blockchain arena.

rony01941

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Quote from: cricketkhampion on August 21, 2021, 01:22:56 PM

NO, ETH high gas fee. At this time eth gas fee is 3$ per transaction but I think will be high in the future as the previous one because you can see that ETH is going stable.

ETH fees did not reduction and maybe even it will increase, be cause ETH value increasing gradually. 3$ is not much at the time to comparing Eth value even i was made 9$ to erc20 transaction in the last few months before.

cricketkhampion

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NO, ETH high gas fee. At this time eth gas fee is 3$ per transaction but I think will be high in the future as the previous one because you can see that ETH is going stable.

israt1@

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https://imgur.com/yw8HFn9

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.

lizarder

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Quote from: VolkoB on November 26, 2020, 05:33:17 AM

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

This is what Ethereum has not been able to perfect until now, everyone says the same as you, but because there is no other choice, makes people stick and continue to use it, so that choice becomes an alternative in making transactions.

However, if you look at the current ethereum response, with the discussion of high transaction costs, it is very much different for the two, we can see from the current state of ethereum in cryptocurrency to its position, people's response to the two is very different at this time.

businessgirl

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Users pay gas fees to compensate for the computer power needed to process and validate transactions on the Ethereum network. A larger gas limit means you'll have to put in more effort to complete an ETH or smart contract transaction. When the network gets busier, transaction costs for Ethereum (ETH) rise. This is due to an increase in the number of people conducting transactions such as sending tokens and trading. This is due to an increase in the number of users sending tokens, trading on DEXes, and depositing their assets on loan platforms.

Abiky

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Quote from: lenovop-70 on August 21, 2021, 12:13:28 AM

It was long time ago were the gas price was so high, and now we all have BSC as the solution, its more cheap and as fast as Ethereum network. But in my opinion, this is depend on where i need to do transaction, after i do calculate the gas price, and we i think its worth it, ill do in any network besides me.

Exactly. There's no need to worry about high gas fees on Ethereum since we already have other alternatives like Binance Chain and TRON. You can simply switch to these blockchain networks for peace of mind. Besides, there are Layer-Two scaling solutions on Ethereum with the aim of putting an end to said issues once and for all. Most projects are using the Polygon Network to "tackle" the high fees on the main Ethereum blockchain. It is said Uniswap V3 will make use of "Optimism" for high-performance trades on the platform. The more projects make use of Layer-Two scaling solutions, the smaller the fees will be on the Ethereum blockchain. Who knows if ETH sees a surge in mainstream adoption because of this in the not-so-distant future? Just my opinion

Rikotin

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Quote from: Suharti12 on August 18, 2021, 01:03:11 PM

I always monitor changes in the Ethereum Gas fee when I want to send tokens or make transactions, and if I don't think I'm profiting from the transaction then I will postpone it first.
Because this is completely out of bounds, the high ETH Gas fees really hurt people who want to make small transactions.

Polygon and BSC is the solution. You can trade using this blockchain chain at a very low cost. and if you have tokens or altcoins on the ERC-20 network, please check your wallet again and usually there are several ERC20 coins that can be bridged into BSC or MATIC.

killerfrost

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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.

Veter2000

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Quote from: lenovop-70 on August 21, 2021, 12:13:28 AM

It was long time ago were the gas price was so high, and now we all have BSC as the solution, its more cheap and as fast as Ethereum network. But in my opinion, this is depend on where we need to do transaction, after we calculate the gas price, and we i think its worth it, ill do in any network besides me.

Binance smart chain, Polygon and Fantom certainly partially solve the problems, but there are many ERC-20 tokens, which have liquidity only on the largest decentralized exchanges on the ether blockchain like Uniswap. And the cost of smart contracts on Uniswap makes any exchange of tokens worth less than $ 100 meaningless.

lenovop-70

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It was long time ago were the gas price was so high, and now we all have BSC as the solution, its more cheap and as fast as Ethereum network. But in my opinion, this is depend on where i need to do transaction, after i do calculate the gas price, and we i think its worth it, ill do in any network besides me.

akiho yoshizawa

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of some of the most expensive ERC20 networks for gas fees... This is a big problem for Arbitrage lovers. rumors circulating that ETH v2 will be much cheaper in the future,, as long as gas costs are expensive it might be an option to switch for a while using the okechain hecochain BSC network much cheaper, more affordable but not as popular as Erc20 network, and hopefully vitalik provide the best solution,

bhooscream

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Quote from: Rakeshten on August 20, 2021, 02:05:47 PM

Yes, the gas fee is still high, so many users now using BSC network and their projects. Now many good projects are launching on BSC network.

I think ETH gas fee isn't high anymore. The current gas fee is only about 20-25 Gwei (average). This is normal, we just spend less than $2 for gas fee. You can say it is expensive several months ago, when the price of ETH gas fee can be above $10. Moreover, now ETH has strong competitor, BSC. With a strong BSC, I beleive Vitalik and teams will do their best to drop gas fee as low as possible.

Traderbtcc

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Quote from: letyouearn on August 20, 2021, 04:28:18 PM

I think this situation will change soon - maybe in a few months. Hardforks and second level solutions will do their job and huge gas fees will disappear hopefully. Tired of this madness.

Layer 2 solutions are really buzzing right now, with matic becoming the number one L2 on Ethereum, the only problem with the matic L2 solution is the bridging of Eth tokens from Ethereum mainnet to Polygon, the gas price required to perform that transaction is really high equally as high as swiping a token on uniswap, if that can be solved then I think we'll start seeing alot of projects use matic L2 solution.

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