Ethereum Gas Fees Drop | Bitcointalksearch.org

Cappex

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Quote from: radjie on June 28, 2021, 12:25:01 PM

Quote from: bots1 on June 28, 2021, 10:01:01 AM

Right. indeed Ethereum gas costs have fallen drastically. I think Ethereum gas costs can be said to have returned to normal and the developer has fixed it after many complains when Ethereum gas costs are high over the past year.

it would be better if the developer continues to try to reduce the cost of gas that many people complain about, so that they can continue to compete with other networks that are able to charge a fairly low cost. Healthy competition in the industry will certainly create something extraordinary, especially if the Erc20 network is able to handle the solution to the high cost of gas that many people complain about.

there are solutions on the way and I think the message from the community to devs is clear and strong, the problem of too high commissions has been addressed on many occasions and the recent success of BSC has proved it.

manok jepang

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I think the decline in the etherem fee can not be separated from the decline in the price of the eth so far, this is an opportunity to make transactions with low fees, because if the market recovers I am sure the volume of ETH will increase and automatically fee will also be higher,

SistaFista

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Quote from: TokenForUs on June 19, 2021, 05:52:13 PM

It is look like miner now does not pick up higher fees first. Or maybe it is because many developer and dapps using second layer or move to BNB. Ethereum gas fees must be reduced to attracted retail transactions though. Any different though ?

And i dont think it is because eth 2.0, eth 2.0 is still not up yet the fees reduced already.

Then what is the point to using higher gas fee ? If we want, we can try to submit 2 transactions using different gas fee.
One will use cheap minimum gas fee, and the other will use high gas fee and we will see whether the miner pick up the higher gas fee first or not.

gurunanakji777

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It's good to see Ethereum fee is getting reduced. Its good one can transfer their coins from one place to another with less fee but in the recent months, Ethereum fee was huge and small trader thinks twice before moving or selling their coins because they have to bear high transaction fees and a small investor can not bear huge transaction fee even I expect when EIP 1559 upgrade implements we will have to pay less fee as compare to now and it won't fluctuate too much but the whole picture will clear once upgrade implement on time next month.

icobits

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Quote from: ali1177 on June 29, 2021, 04:30:39 AM

Right now I am very happy with the ethereum transaction fees some days ago the transaction fees was at high level and I lose almost $150 but I am very happy right now to see the current gas fees.

It just goes up and down depending on the current time. I notice that during night time the gas fees are 200% much lower compare in the morning that's why i always do my ETH transaction during night time.

Baimovic

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Quote from: BigBos on June 29, 2021, 03:59:44 AM

well, good effort from ethereum to keep the fees down. although the fee is not lower than BSC, but nowadays it seems that people don't pay much attention to ethereum anymore because the fee was once very high. I myself don't hold ethereum anymore because of the high fees a while ago. Yes, but the current low fee allows us to start making transactions using ERC20 coins again.

It's true that Gwei for Ethereum is currently very low, currently on the web only 17,22 and 30 Gwei are listed if we compare it to BSC, of course it's very cheap for us to transact using BSC, and for some erc20 tokens the gas cost is still quite high though Gwei is already low, we can feel it when we transact with small amounts on Erc20, but if we transact Ethereum tokens it is indeed cheaper for now compared to the beginning of the year before Gwei was low.

ali1177

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Right now I am very happy with the ethereum transaction fees some days ago the transaction fees was at high level and I lose almost $150 but I am very happy right now to see the current gas fees.

TWW

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Quote from: BigBos on June 29, 2021, 03:59:44 AM

well, good effort from ethereum to keep the fees down. although the fee is not lower than BSC, but nowadays it seems that people don't pay much attention to ethereum anymore because the fee was once very high. I myself don't hold ethereum anymore because of the high fees a while ago. Yes, but the current low fee allows us to start making transactions using ERC20 coins again.

all development finally pays off. and crypto ERC traders I think have found a solution to the problem so far. transaction costs have been reduced to be cheaper. and I also don't expect and don't believe ethereum will keep its transaction fees as cheap as BSC. the current price I believe has made it comfortable for some traders.
although slightly more expensive for ERC token transactions than ETH transactions. but hopefully, there will be no more extreme increase in transaction fees.

BigBos

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well, good effort from ethereum to keep the fees down. although the fee is not lower than BSC, but nowadays it seems that people don't pay much attention to ethereum anymore because the fee was once very high. I myself don't hold ethereum anymore because of the high fees a while ago. Yes, but the current low fee allows us to start making transactions using ERC20 coins again.

radjie

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Quote from: bots1 on June 28, 2021, 10:01:01 AM

Right. indeed Ethereum gas costs have fallen drastically. I think Ethereum gas costs can be said to have returned to normal and the developer has fixed it after many complains when Ethereum gas costs are high over the past year.

it would be better if the developer continues to try to reduce the cost of gas that many people complain about, so that they can continue to compete with other networks that are able to charge a fairly low cost. Healthy competition in the industry will certainly create something extraordinary, especially if the Erc20 network is able to handle the solution to the high cost of gas that many people complain about.

breathlessz

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Quote from: Quantum907 on June 28, 2021, 10:22:36 AM

Quote from: adriaparcerisas on May 31, 2021, 10:35:02 AM

Hello guys! I share you these good news. Ethereum Gas Fees drop dramatically today to reach top-year low. The Gas Fees prices has drop 50% in the last 2 days. The graphic below shows the evolution of ETH gas prices during the last year.

If you have pending transactions, do it now and enjoy these low prices. Here (https://etherscan.io/gastracker) the link to track it and below a screenshot to see current prices.

Good news.
I always use TRX, BNB or XRP if I want to transfer altcoins, ethereum is the last option because transfer fees are 10x more expensive than TRX, I hope ETH gas costs can be like the others so they can compete.

I just transferred from an ethereum wallet, and I thought the fee was reasonable, so I continued, and after the exchange I used tron to transfer it back to cash out. with a transaction fee of only 1 trx, I think it's still cheap. and it seems that with the decrease in eth gas, more and more people will use his services

Quantum907

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Quote from: adriaparcerisas on May 31, 2021, 10:35:02 AM

Hello guys! I share you these good news. Ethereum Gas Fees drop dramatically today to reach top-year low. The Gas Fees prices has drop 50% in the last 2 days. The graphic below shows the evolution of ETH gas prices during the last year.

If you have pending transactions, do it now and enjoy these low prices. Here (https://etherscan.io/gastracker) the link to track it and below a screenshot to see current prices.

Good news.
I always use TRX, BNB or XRP if I want to transfer altcoins, ethereum is the last option because transfer fees are 10x more expensive than TRX, I hope ETH gas costs can be like the others so they can compete.

bots1

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Right. indeed Ethereum gas costs have fallen drastically. I think Ethereum gas costs can be said to have returned to normal and the developer has fixed it after many complains when Ethereum gas costs are high over the past year.

awik p

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Quote from: Ekyfitri on June 21, 2021, 11:00:01 PM

Quote from: xzone on June 21, 2021, 10:43:11 AM

Whenever the market volume increases, the ethereum gas fee also increases. The same happened today, and while you could transfer with 7-8 gwei, the prices went above 40 gwei.
It is normal to have these spikes when the network is busy, however, they should prevent this situation.

the situation is still unstable. but the transaction fee of 20-40 Gwei I think is good enough because the repair is quite long.
indeed still inferior when compared to their competitors BSC which is very cheap. but the decline that occurs can increase how ethereum token transactions can also increase.

when ethereum uses higher gas then many people switch to BSC which has much less gas. but indeed to increase ethereum transactions must be able to provide services on gas in order to be able to compete. and with this decrease, of course transactions will increase again. It is undeniable that those who are able to be competitive, of course, will win

Ekyfitri

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Quote from: xzone on June 21, 2021, 10:43:11 AM

Whenever the market volume increases, the ethereum gas fee also increases. The same happened today, and while you could transfer with 7-8 gwei, the prices went above 40 gwei.
It is normal to have these spikes when the network is busy, however, they should prevent this situation.

the situation is still unstable. but the transaction fee of 20-40 Gwei I think is good enough because the repair is quite long.
indeed still inferior when compared to their competitors BSC which is very cheap. but the decline that occurs can increase how ethereum token transactions can also increase.

toplarge

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the gas fee went very low some couple of days ago which i was able to made transaction with 1$. since then it has been averagely moderate and sometimes it rises to about 7/8$. if you are not in a hurry to make transaction, you can wait for it to go lower to about 2-3$.

xzone

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Whenever the market volume increases, the ethereum gas fee also increases. The same happened today, and while you could transfer with 7-8 gwei, the prices went above 40 gwei.
It is normal to have these spikes when the network is busy, however, they should prevent this situation.

Noruka

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Quote from: newdevices on June 19, 2021, 04:53:00 PM

Quote from: $anounimus$ on June 19, 2021, 11:48:35 AM

Quote from: ?? on ??

The lower gas fee of Ethereum now attract more investors and users once again. Hoping that it will continue to decrease and never go back to a higher gas fee anymore.

Don't worry about it because ETH 2.0 will be running well this year, you just need a little patience in waiting for it, because some people say once ETH 2.0 is up and running, there will be no more problems with Gas fees on the Ethereum network.

are you sure after Ethereum 2.0 is officially launched fees will be cheap?,
for me what I know seems like Ethereum 2.0 is not for upgrading or resolving problem fees are expensive,
I don't know if they really pay attention to this, then I also hope that developers can solve the problem of fees quickly

This is exactly correct. All the upcoming updates are not aiming at reducing transaction fees on the Ethereum network. EIP 1559, the next one on the list, will hardly influence fees. The whole ETH 2.0 upgrade is about validator structures and POS. That has nothing to do directly with transaction fees. So the fact of the matter is that we will be dealing with excessive fees on the ETH network for quite some time. However, and this is important to note, the way Ethereum now gets set up puts it into a position that scalability can then very well be achieved step by step, it just won't happen as fast as we all would love it to.

Fredomago

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Quote from: TokenForUs on June 19, 2021, 05:52:13 PM

It is look like miner now does not pick up higher fees first. Or maybe it is because many developer and dapps using second layer or move to BNB. Ethereum gas fees must be reduced to attracted retail transactions though. Any different though ?

And i dont think it is because eth 2.0, eth 2.0 is still not up yet the fees reduced already.

More on competition side for me, seeing that developers are moving to another chain ETH team needs to comes up with solutions,
and reducing the transaction fee is the very first thing to work on.

It's good for end users as they can enjoy the competition between BSC and ERC, they can easily choose between if which will
help them up and favor their investment.

Healthy trading to all users who still surviving inside this market.

TokenForUs

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It is look like miner now does not pick up higher fees first. Or maybe it is because many developer and dapps using second layer or move to BNB. Ethereum gas fees must be reduced to attracted retail transactions though. Any different though ?

And i dont think it is because eth 2.0, eth 2.0 is still not up yet the fees reduced already.

Topic: Ethereum Gas Fees Drop (Read 2487 times)