Ethereum Gas Fees Drop - page 10. | Bitcointalksearch.org

BuNga_cute

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Quote from: crzy on June 01, 2021, 06:05:44 PM

Quote from: ?? on ??

I think this is a very good effort for etherem, because this is what crypto users who use the erc20 network expect, and this is a great opportunity to make pending transactions, with this reduction in gas costs, I believe etherem will become higher quality and more popular,

I don't see this one as a good reason to become more popular because ETH is already on top so there's no need for that. The main concern here is the fees and its finally good to see the lower fees again, you might want to do your transactions now because I see this one as temporary because when the market rise again, you can expect the gas fees increases as well, this has been the problem since then.

I agree that the decrease in gas fees will not make Ethereum more popular, considering that Ethereum is already popular and even comparable
to Bitcoin. However, this reduction in gas fees has been taken advantage of by several ERC20 token owners who have delayed transactions
because they were very high before. It is true that this decrease in gas fees did occur because the crypto market was experiencing a decline,
but once the crypto market recovers and the price of Ethereum goes up again, Ethereum gas fees will definitely get expensive again.

crzy

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Quote from: ?? on ??

I think this is a very good effort for etherem, because this is what crypto users who use the erc20 network expect, and this is a great opportunity to make pending transactions, with this reduction in gas costs, I believe etherem will become higher quality and more popular,

I don't see this one as a good reason to become more popular because ETH is already on top so there's no need for that. The main concern here is the fees and its finally good to see the lower fees again, you might want to do your transactions now because I see this one as temporary because when the market rise again, you can expect the gas fees increases as well, this has been the problem since then.

Golftech

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Quote from: harapan on June 01, 2021, 04:30:42 PM

Quote from: ?? on ??

I think this is a very good effort for etherem, because this is what crypto users who use the erc20 network expect, and this is a great opportunity to make pending transactions, with this reduction in gas costs, I believe etherem will become higher quality and more popular,

Low gas fees alone won't make Ethereum popular, if it was about low gas fees Avax, dag, near and a few hundreds of coins on the market offer low gas fees and yet Ethereum is still above them all, Ethereum is popular for it use case, example Ethereum is the first project to come about with "smart contract", binance smart chain is just a replica of Ethereum blockchain with some advanced features, Ethereum is almost as popular as Bitcoin.

The stats shows it all, not just with the fees but the developments and the usages of this coin that makes

it more popular than other available alts, ETH is a solid project where developers until now enjoyed the functionality

of the system. Just good for now as fees really got lowered compared to the last high.

Lanatsa

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Quote from: Vaculin on June 01, 2021, 05:56:25 PM

Quote from: reza7777 on June 01, 2021, 05:23:40 PM

First everyone is happy because the gas problem can be overcome by ethereum and I just hope this is not for a moment but for a long time, with cheap fees everyone can make transactions as they please

A good thing to hear and I'm wondering what will be its impact to BSC as the gas fee drops. And I believe ETH users and ERC20 traders are happy with the situation. I just hope that this could be sustainable and I hope it drops more just like before (or even just close to it). And I was more excited to see the impact of the ETH2.0 upgrade as it was scheduled next month if it will proceed.

Good job Mr. Vilatik Buterin and the team, it was a big effort to make it...

ETH never fails to impress me as I had been always believing that high gas fee issue would really be resolved. Yes, it dropped but not really low just like before but still

its a good thing to see those improvement.I don't mind about effects on BSC yet both could give out different market so it will vary which demand would be more.

As long we do benefit out that fast and cheap transactions then that's what counts.

Vaculin

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Winding down.

Quote from: reza7777 on June 01, 2021, 05:23:40 PM

First everyone is happy because the gas problem can be overcome by ethereum and I just hope this is not for a moment but for a long time, with cheap fees everyone can make transactions as they please

A good thing to hear and I'm wondering what will be its impact to BSC as the gas fee drops. And I believe ETH users and ERC20 traders are happy with the situation. I just hope that this could be sustainable and I hope it drops more just like before (or even just close to it). And I was more excited to see the impact of the ETH2.0 upgrade as it was scheduled next month if it will proceed.

Good job Mr. Vilatik Buterin and the team, it was a big effort to make it...

reza7777

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First everyone is happy because the gas problem can be overcome by ethereum and I just hope this is not for a moment but for a long time, with cheap fees everyone can make transactions as they please

aemma

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When a team of a project means well for their users, community and of course the future of the project, they will do everything within their power to ensure all challenges are taken care of; this is truthfully the nature of Ethereum team. I did transactions fee days ago and was surprised at the gas fee I used.
Also, this changes in gas fees shows that the team are not relenting and of course working on making Ethereum blockchain better and the point of attraction. In the same way, once the team gets this right by further making sure the gas fees drops even more, then most blockchains won't have any reason to say most things about Ethereum because it's clear their point of contention is gas fees, so if that is taken care of, what else?
More good things are coming to Ethereum, it's just a matter of time.

harapan

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Quote from: ?? on ??

I think this is a very good effort for etherem, because this is what crypto users who use the erc20 network expect, and this is a great opportunity to make pending transactions, with this reduction in gas costs, I believe etherem will become higher quality and more popular,

Low gas fees alone won't make Ethereum popular, if it was about low gas fees Avax, dag, near and a few hundreds of coins on the market offer low gas fees and yet Ethereum is still above them all, Ethereum is popular for it use case, example Ethereum is the first project to come about with "smart contract", binance smart chain is just a replica of Ethereum blockchain with some advanced features, Ethereum is almost as popular as Bitcoin.

Johnyz

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Quote from: Inkdull on June 01, 2021, 10:27:52 AM

It's not over yet, the reason why ETH gas fee is lower now is because of huge drop in price, that's a bit over 50% from ATH if you ask me so assuming crypto starts recovering for the better right now the Gas fee will increase again

There should be a real solution and the drop should not because of the price drop, we know this is just temporary so take this now before it rise again. There’s a lot of fees problem before with ETH every time the network get congested, i think that can still be a problem if the bull happen again this year, no solution yet from ETH update.

Fredomago

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Quote from: CaptainCrapper on June 01, 2021, 12:04:38 PM

Quote from: adriaparcerisas on May 31, 2021, 09:35:02 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.

Very good decision for Eth trader and holder. and also help for ERC 20 related cantract address token who transaction every day.

Enjoy while you've got the chance, it's been the pain of every traders who hold erc tokens, the fees are really killing them and let them lose many opportunities as the market pump a month ago but due to the transaction fee issues there are many traders and investors who unable to process what supposedly they want to trade out.

Now with this, we have to see if there are still open opportunities and start working back, this move brings investors and traders to the market especially those who got stuck.

Fivestar4everMVP

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Well, this is not really a good news for now as the gas price isn't stable, even if one makes a transaction during that time the gas price was low, theres still a high chance that the transaction will get stuck on the blockchain without confirmation or might take several hours to get a confirmation as the gas price is likely to go up again seconds after hitting the send button, I've had this experience before so I know actually know what am talking about.
This can only become good news if the gas price comes down finally to stay in the low levels, personally, I have alot of my money stuck on NFTs built on Ethereum blockchain so my prayer day and night is for the gas price to come down so I can be able to sell my NFTs without having to pay so much in transaction fees.

abel1337

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I really enjoyed the ethereum gas fee drop last week, It's been a while since I used my ethereum wallet. I transferred some of my valued tokens from wallet to wallet without thinking about the gas fee. I have missed many opportunities because of the eth gas fee so I hope that it won't bump up again like what happened on the recent Defi trend that somehow drives the gas fee high.

CaptainCrapper

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Quote from: adriaparcerisas on May 31, 2021, 09:35:02 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.

Very good decision for Eth trader and holder. and also help for ERC 20 related cantract address token who transaction every day.

Inkdull

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It's not over yet, the reason why ETH gas fee is lower now is because of huge drop in price, that's a bit over 50% from ATH if you ask me so assuming crypto starts recovering for the better right now the Gas fee will increase again

matico

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Ethereum network fee may be lower at this point but the real test of gas fee is when there is huge traffic on the network! During the peak of ethereum network transactions, gas are incredibly expensive and something need to be done about this. I have had to pay $450 for a single transaction before!

fvb

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It is very good. We must seize the moment and complete the transactions. And then recently there were such commissions that it made no sense to sell tokens. At best, everything was spent on payment and there were ridiculous percentages from the sale. Hopefully there won't be any more huge increases, at least in the near future.

Yatsan

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Well that's a good news to be spread then because many of us are keep into complaining how expensive having transaction because of the high Ethereum fees on the past months of this year. Good thing that all we have been waiting for have already come wherein we can do transactions at a lower fee value rather than having larger fees that is much expensive compared to the amount you are about to send. May this last a bit longer if not permanently so that even small amount of transactions can be held specially for those who have keep their funds while waiting for this moment to come.

Reatim

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Quote from: adriaparcerisas on May 31, 2021, 09:35:02 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.

Everything that goes up will surely drops down and that's what happen to ethereum network now , Bitcoin has the same scenario but at least it goes down drastically over time.
now that it is ethereum's moment maybe you are correct that it's time to make our deals that we cannot partake when the fee for gas has tons of value.
I love this moment and now we are going to enjoy our ethereum transacting .

trauchot

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After the last correction of the cryptocurrency market, the price of gas on the Ethereum blockchain fell very much and this is very good, but when it was urgently necessary to make cryptocurrency transfers on the Ethereum blockchain, the price of gas was cosmic and now, unfortunately, I don’t care what the price of gas on the Ethereum blockchain is at the moment and in general, most likely, soon there will be a market correction again and the gas price will again begin to rise to cosmic prices, so this opportunity must not be missed now.

mobtc

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This is good news for me，I can transfer the coins in the wallet to the exchange to sell.
I hope that the gas can continue to decline. That would be better news. Is the era of ETH 2.0 coming?

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