ETH high gas fee - page 9. | Bitcointalksearch.org

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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?

There is a new sidechain bridge for Ethereum and BSC called Aurora and it's built on NEAR. It's the most advanced bridge in the world because it allows cross chain calls and works with ETH and BNB as native currencies. NEAR also has infinite TPS with sharding.

drwoo

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Quote from: wajik-tempe on July 21, 2021, 08:25:49 PM

ETH gas fee is keep decreasing since this year, i think they already done with the ETH 2.0 preparation and the gas back to normal, last time i sent transaction with just only 20 gas and it arrived under 10 mins. So i think ETH still a good coins compared to it's competitor like BNB which has lower value.

It is lower in USD because ETH fell so much in price, but also in terms of Gwei yes. Though it still varies a lot depending on the time between 5 Gwei and 40 Gwei or so. That is still quite a huge difference and far from the stability we would usually need. Even now Uniswap is often still not feasible. I don't know but somehow they charge an extra fee anyway.

wajik-tempe

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ETH gas fee is keep decreasing since this year, i think they already done with the ETH 2.0 preparation and the gas back to normal, last time i sent transaction with just only 20 gas and it arrived under 10 mins. So i think ETH still a good coins compared to it's competitor like BNB which has lower value.

Abiky

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Quote from: FinneysTrueVision on July 17, 2021, 06:10:48 PM

Fees have been much lower now than when the price was at an all time high. It still takes several minutes to complete a transaction if you are using the low fee option on Metamask. It is really frustrating trying to transact on Ethereum because you either have to wait several minutes between transactions or pay excessive fees to confirm fast. Sometimes if you trade on an exchange where fees are not optimized then you pay high fees and still wait a long time to get confirmed. I'm not a big fan of altcoins but sometimes there is an opportunity to make money and in these situations I will always prefer to use Binance Smart Chain if it is an option.

Fees have declined considerably because the "De-Fi" and NFTs hype had been slowly fading away. This, coupled with a bear market, makes ETH gas fees economical to the average person. I'm afraid this won't last for long once prices go all the way to the moon. For ETH fees to remain low, some radical changes need to be implemented on the main Blockchain network itself. Scaling via PoS is the only solution to keep fees as low as possible.

With a vast number of competitors on the market, people would have an "escape route" in case ETH becomes clogged again. Binance Chain quickly became the world's third-largest blockchain network because of ETH's sluggishness. The longer it takes for ETH 2.0 to come into fruition, the bigger BNB and other competitors will become. What matters is mainstream adoption above all else. As long as there's demand for ETH, there should be nothing to worry about. Just my opinion

illnino

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Quote from: the rise on July 16, 2021, 09:56:53 PM

The thing that got me away from eth was because the gas cost is so high, now to send tokens alone requires $20, this is very expensive, and I have to re-send eth to the wallet spending a total of $50, I'm sure we all have the same problem, let's pass this on to the developer in order to stabilize soon.

I also couldn’t work on Ethereum mainnet very actively because of gas fees, moreover my capital was not so big to spend so much money just on fees. I had to move to Polygon and BSC, as it costs less than 0,01$ to run transactions there. And I am also thinking about Optimistic Ethereum. I have heard that transactions are much cheaper there. Why do I want to return to ETH? Because of Uniswap V3. There is an innovative idea, so I would like to try.

nurilham

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Quote from: BitTraderCute on May 31, 2021, 07:13:38 AM

if ethereum gas fee could stay cheap for longer time, maybe it could drive ethereum price.

Why do you think the cheap price of gas fees can drive Ethereum price? I don't think it will help to improve Ethereum price. Etherum price mostly relies on the demand in the market and how the condition of BTC price as well. Since the demand for Ethereum is decreasing and the BTC price is declining also, the chance for the increase of Ethereum price looks too small even if the price of gas fee is cheap. You need to think about this, buddy.

FinneysTrueVision

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Fees have been much lower now than when the price was at an all time high. It still takes several minutes to complete a transaction if you are using the low fee option on Metamask. It is really frustrating trying to transact on Ethereum because you either have to wait several minutes between transactions or pay excessive fees to confirm fast. Sometimes if you trade on an exchange where fees are not optimized then you pay high fees and still wait a long time to get confirmed. I'm not a big fan of altcoins but sometimes there is an opportunity to make money and in these situations I will always prefer to use Binance Smart Chain if it is an option.

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The main cause of the rise of gas is the exchange of AMM swaps which usually require high gas for fast transactions, this makes eth unstable on transaction fees, I sometimes see it can drop to 20 and back up to above 300 even 500. this should be fixed as soon as possible, we all have the same problem, hopefully vitalik hear it.

But what I see and experience now is that the cost of Gas on the Ethereum platform is very cheap and stable, although there is a slight change in seconds, but the change is not too far from the previous figure.

livingfree

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Quote from: BitTraderCute on July 16, 2021, 06:17:09 PM

Quote from: livingfree on July 16, 2021, 06:11:45 PM

Quote from: reza7777 on July 15, 2021, 05:39:40 PM

I thought if the fees madness was over but I was wrong because in the last 2 days I saw an increase in fees happening again, and I also this incident makes me always ask. What actually happened to ethereum Huh

The fees are also fluctuating.

Just now, I'm sort of disappointed when I saw it around 45 - 54 I guess and that's the highest that I've seen. But after a couple of minutes, the fees went down to 24 gwei.

Even though I'm totally disappointed, I'm still looking forward to those upgrades that will push the fees lower permanently.

we must void high traffic in ethereum network, its just like a street which is have their own time to stuck and smooth transaction. Usually if market full of issue gas fee will rise again due network traffic. network update from ethereum core dev was waited by majority crypto community, it is be interesting and make them curious how much eth network fee will be after this update.

We can avoid it.

And avoiding it through skipping your transaction first and waiting until the price of the gas fee goes cheap. Right now, I saw that the fee drops and that's what others must do if they want to see cheap fees for ethereum.

We cannot stop it when it starts to increase again but wait to see it calm and drop.

the rise

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The thing that got me away from eth was because the gas cost is so high, now to send tokens alone requires $20, this is very expensive, and I have to re-send eth to the wallet spending a total of $50, I'm sure we all have the same problem, let's pass this on to the developer in order to stabilize soon.

clarkt

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It was unbelievable that ethereum network could be so jammed up to the extent to which gas fee could be astronomical. At the moment however, it appears to see some respite. Going forward, I think the gas issues will be there and new and creative solutions will be made. As ethereum network grows, the gas fee will be part of the growth and development in the aspects of paying lower fees, and I think this will be an on-going thing!

Menawi12

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currently I see the transaction gas fee from ethereum is still cheap, only between the price of $1 so I don't think it is too expensive, usually gas will be very expensive when the bitcoin price soars and the market conditions are busy because many are doing arbit or trading on the Ethereum platform.

it is normal if compared with few weeks ago that could reach above $30 in only single transaction. If eth gas fee could maintain in this rate, eth token will take market shares again . So far eth market share dropped to this fee , and other platform take benefit from it. BSC, SOL, MAtic ecosystem growth alot since fee be main problem in eth network.

lalabotax

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I think at this time the gas fee for making transactions on ethereum is not too expensive because the conditions at the exchange are not good and many cryptocurrency prices have collapsed including the price of ethereum so that it makes use a little and finally the gas costs are very cheap.

The price of ETH gas is decreasing now because the transaction isn't as many as previously. There is a significant drop in crypto coins transactions right now, people prefer to hold their coins in their wallets than sending them on exchanges. Buying orders in the market are decreasing also because many people have spent their money to buy in the previous uptrend. So, they have no longer funds anymore right now. From these, we can conclude that the reason isn't about the bad condition in exchanges.

JaoBadjap

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ETH it self is in High Value.
Making its decimal, not that cheap.
The real thing that suffers is those token that runs under ETH.
Think of it how much would it cost, for you to move a token that worth 50$.
Right?

BitTraderCute

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Quote from: livingfree on July 16, 2021, 06:11:45 PM

Quote from: reza7777 on July 15, 2021, 05:39:40 PM

I thought if the fees madness was over but I was wrong because in the last 2 days I saw an increase in fees happening again, and I also this incident makes me always ask. What actually happened to ethereum Huh

The fees are also fluctuating.

Just now, I'm sort of disappointed when I saw it around 45 - 54 I guess and that's the highest that I've seen. But after a couple of minutes, the fees went down to 24 gwei.

Even though I'm totally disappointed, I'm still looking forward to those upgrades that will push the fees lower permanently.

we must void high traffic in ethereum network, its just like a street which is have their own time to stuck and smooth transaction. Usually if market full of issue gas fee will rise again due network traffic. network update from ethereum core dev was waited by majority crypto community, it is be interesting and make them curious how much eth network fee will be after this update.

livingfree

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Quote from: reza7777 on July 15, 2021, 05:39:40 PM

I thought if the fees madness was over but I was wrong because in the last 2 days I saw an increase in fees happening again, and I also this incident makes me always ask. What actually happened to ethereum Huh

The fees are also fluctuating.

Just now, I'm sort of disappointed when I saw it around 45 - 54 I guess and that's the highest that I've seen. But after a couple of minutes, the fees went down to 24 gwei.

Even though I'm totally disappointed, I'm still looking forward to those upgrades that will push the fees lower permanently.

Darktongue

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First, I'm giving any advice or financial advice. You can do whatever you like in the cryptocurrency. We can take Ethereum low transaction opportunity by sending tokens to exchange. Yes, decentralized is secure but ( without Binance, Kucoin, OKEX, Huobi or others) all centralized aren't secure to hold our portfolio. Because of ETH transaction cost and time, sometimes we couldn't take pump opportunity.

reza7777

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I thought if the fees madness was over but I was wrong because in the last 2 days I saw an increase in fees happening again, and I also this incident makes me always ask. What actually happened to ethereum Huh

livingfree

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Quote from: CryptoLogo on July 15, 2021, 04:58:51 PM

I understand you perfectly, despite the fact that the price of gas is now record low, this is still not the price that we saw 3 years ago.
In addition, during large pumps and dumps, the price always rises 100 times, this is crazy.
But, what is important is that now the price is low compared to the stand that was held for a year, and this is a wonderful trend.

It is a record low.

Although it's considered low this time, the gas fees are again up and this could be already high in our times with 35-45 gwei.

When we saw it, that's just around 5 gwei for the low fee of ethereum after all of those upgrades. And the current gwei is making it look like it's already high for us.

But that's a good improvement to be honest.

zasad@

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It is now very easy to use Level 2 solutions like Matic. The commissions are the same as those of the binance smartchain and a lot of exchanges support Matic.
In the next couple of years, many projects will switch to level 2 solutions and it will not be a big problem for users to transfer coins to two levels.

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