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Topic: Ethereum fees are crazy... - page 3. (Read 1197 times)

legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
September 21, 2020, 06:26:57 PM
#93
ETH is flooded with transaction if uniswap and all the kind of Defi services still exist i doubt the fee will go down. This points out that ethereum actually have scalability issue that need to be resolved and not really ready for mass adoption. So, in the meantime while the dev (probably) trying to figure out how to solve the crazy fee it's better to switch into using another alts because the other alts fee just so much lower than eth.
sr. member
Activity: 686
Merit: 251
I'm investigating Crypto Projects
September 21, 2020, 04:20:05 PM
#92
I think it will be lower soon and if not we have optins soon like PolkDot but I think ETH will figure this out. Just my 2 Euros.
newbie
Activity: 15
Merit: 0
September 21, 2020, 04:15:06 PM
#91
Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

ETH is old tech unfortunately.
Nowadays there are many feeless coins are the market, but none that has the structure of eth, except x42 Protocol.
I highly advise you check them out.
hero member
Activity: 1360
Merit: 506
September 21, 2020, 01:25:38 PM
#90
That´s why the Ethereum community push developers to release Ethereum 2.0 as soon as possible, but on the other hand, if they develop a partially working solution, the disaster could happen and a lot of Ethereum could lose a lot. I prefer slower development with a lot of tests, after everything will be tested then they can launch the new update on mainnet.  Smiley
hero member
Activity: 2408
Merit: 674
God, save BTC!
September 21, 2020, 01:22:31 PM
#89
In fact, the whole story shows how far cryptocurrency is from everyday use, if the most common ecosystem ERC20 has such serious problems! And I'm not sure that the transition to ETH 2.0 can happen quickly...
full member
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
September 21, 2020, 01:01:45 PM
#88
all crypto users expect what you think, GAS costs go down because if in look at the current price of GAS, it doesn't make a  sense
I kept some USDT ERC 20 in ethereum wallet and it's still on hold until now because the cost of GAS is very high if I send it now, there will be a loss
member
Activity: 449
Merit: 10
swordking
September 21, 2020, 12:43:52 PM
#87
I also want to know when will this fee come to a tolerable level? As the days go by the tyranny of this fee has increased. Grin Due to this, all small transactions have been closed. So as soon as these fees come to a tolerable level that would be beneficial for all of us.
I think no one could tell you that, because of the current DeFi hype we all have cost higher gas fees for the transactions. But after the launch of ETH 2.0, it is gonna cost us lesser.
jr. member
Activity: 1442
Merit: 2
September 21, 2020, 12:32:50 PM
#86
I also want to know when will this fee come to a tolerable level? As the days go by the tyranny of this fee has increased. Grin Due to this, all small transactions have been closed. So as soon as these fees come to a tolerable level that would be beneficial for all of us.
full member
Activity: 280
Merit: 101
Proof-of-Stake Blockchain Network
September 20, 2020, 11:30:41 AM
#85
Small traders are surely suffering ETH straight up robbing our profits, even if you choose a time that the network is not loaded it's still inconsiderable we don't even know when these high fees will end but Ethereum needs to fix their fees or release Ethereum 2.0 faster.

I trade small amounts, but I try to do it either on centralized exchanges that do not charge gas fees. Either on Uniswap at a time when the price of gas goes down considerably.
For me, the big problem is the transfer of funds between exchanges.
full member
Activity: 339
Merit: 100
September 20, 2020, 11:09:17 AM
#84
I have some tokens that I wanted to sell. But because of this eth fee, I can't do it. Now the ether fee is even more than that of bitcoin fee. If this continues, it will be difficult to use the network.
If your tokens have a great value, I think about $ 15 in transaction fees as of today is not a huge amount. Otherwise I think you should use uniswap to be more economical.
full member
Activity: 403
Merit: 100
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
September 20, 2020, 11:06:11 AM
#83
I have some tokens that I wanted to sell. But because of this eth fee, I can't do it. Now the ether fee is even more than that of bitcoin fee. If this continues, it will be difficult to use the network.
sr. member
Activity: 664
Merit: 253
SmartFi - EARN, LEND & TRADE
September 20, 2020, 10:39:57 AM
#82
So the problems for the high fees are "technical" not the "low stock" i am correct?...

In anyway we should expect low fees to the mid of the next year right?...
It could be that the high cost thing is a "technical" problem because the Ethereum side itself is building something really good at the moment, and for the expectations about gas costs, everyone is clearly hoping for a low cost like it has been in the past.
I thought so too. there were technical problems plus the density of ethereum network transactions that made this happen. everyone wants a faster transaction and ultimately costs more. Currently, GAS still looks unstable and moves by a considerable margin. $ 1-2 for each transaction. not to mention if you make transactions on several exchanges that require higher fees.
sr. member
Activity: 1400
Merit: 251
Trident Protocol | Simple «buy-hold-earn» system!
September 20, 2020, 10:29:04 AM
#81
So the problems for the high fees are "technical" not the "low stock" i am correct?...

In anyway we should expect low fees to the mid of the next year right?...
It could be that the high cost thing is a "technical" problem because the Ethereum side itself is building something really good at the moment, and for the expectations about gas costs, everyone is clearly hoping for a low cost like it has been in the past.
sr. member
Activity: 1974
Merit: 453
September 20, 2020, 09:37:09 AM
#80
ETH might have no control over the gas fees and maybe that’s why we are still experiencing an expensive way to transact under the ETH platform. This should be solved because I can’t sell my token due to a higher gas requirements, kidding aside the fees is not a joke at all. This market offers a faster transaction at a minimal fee, I hope ETH team knows this one.

The team is after temporary quick-fixes rather than attempting to find a long-lasting solution. This is what is happening with Bitcoin as well. Temporary solutions such as SegWit and Lightning hasn't helped in rolling out a permanent solution. The transaction fee still remains high and it is having a huge impact in the adoption and acceptability of cryptocurrency in the mainstream market.
member
Activity: 486
Merit: 10
September 20, 2020, 08:48:12 AM
#79
since ethereum fees have gone crazy i have stopped trading and sending tokens, and there's not much I do except wait for costs to drop. until now I have not seen transaction costs decrease. Hopefully the team will quickly solve this problem.
sr. member
Activity: 1638
Merit: 457
September 20, 2020, 08:21:06 AM
#78
This high Ethereum cost will probably continue as long as this defi trend lasts, is it okay for us to accept this situation, hopefully the team will think about this soon or at least in version 2.0 later the transaction costs will be lower and the speed will be even more maximal so that eth remains in second position after btc.
full member
Activity: 2128
Merit: 180
September 20, 2020, 07:00:08 AM
#77
Really it is painful situation. Ethereum fees is so high and personally I'm unable to send lower transaction only because of gas fees. Hopefully it will fix very soon.
Everyone hopes that the very expensive gas costs on the Ethereum platform at this time will be immediately fixed by ethereum, only until now this has not been done by ethereum, this is evident from the cost of gas which is still expensive to date.
ETH might have no control over the gas fees and maybe that’s why we are still experiencing an expensive way to transact under the ETH platform. This should be solved because I can’t sell my token due to a higher gas requirements, kidding aside the fees is not a joke at all. This market offers a faster transaction at a minimal fee, I hope ETH team knows this one.
full member
Activity: 910
Merit: 101
September 20, 2020, 06:43:19 AM
#76
Really it is painful situation. Ethereum fees is so high and personally I'm unable to send lower transaction only because of gas fees. Hopefully it will fix very soon.
Everyone hopes that the very expensive gas costs on the Ethereum platform at this time will be immediately fixed by ethereum, only until now this has not been done by ethereum, this is evident from the cost of gas which is still expensive to date.
full member
Activity: 335
Merit: 100
September 20, 2020, 06:03:38 AM
#75
I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.
wow this is certainly bad news if it comes to a transaction of that size, because I see it seems that every large transaction will be quite large. but a few ago I have tried it looks like there has been an improvement even though it is not optimal.
I tried a transaction fee of 16ETH which was charged for a fast $ 3.66 and much compared to yours. sad to see this reality ...
but if your incident with such a value is very fantastic and this is strange.
If you don't know, token transaction fee is much expensive compare to ETH transaction fee. You need to set gwei at >500 and 100000 gas to send a token, and also, $3.6 like you for a single tx still too much when you use another platform like Serum or Tronx.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 20, 2020, 05:35:57 AM
#74
I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.
wow this is certainly bad news if it comes to a transaction of that size, because I see it seems that every large transaction will be quite large. but a few ago I have tried it looks like there has been an improvement even though it is not optimal.
I tried a transaction fee of 16ETH which was charged for a fast $ 3.66 and much compared to yours. sad to see this reality ...
but if your incident with such a value is very fantastic and this is strange.
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