Ethereum Gas Fees Drop - page 2. | Bitcointalksearch.org

newdevices

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

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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

Hannahanto

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The main reason for the ETH gas fee drop was because of the bearish market, the coin dropped about 50% of its ATH so I've been expecting this and lately making projects and companies switched from ETH block chain to bsc(binance smart chain) because of lower transaction fees.
Once the market recovers transaction fees will also increase in no time just seat back and watch.

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Good news, but yesterday I switched to doge to reduce the expensive transaction fees because I always move trading exchanges. but it's quite inconvenient because I have to buy doge first if I want to move to another market

Ghondronk

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I do not see any improvement made in the system to make the gas fees lower. I think it is resulted by the low number of transactions which takes place right now due to the market dip prevailing in last 4-5 weeks. If the market becomes stable and attracts more and more investors, there is a higher probability of gas fees getting increased.

$anounimus$

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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.

Ndlongap Ndlongop

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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.

Hopefully the gas fees drop will make ethereum great again, it must be admitted that transaction fees are the second most expensive after bitcoin, this makes me prefer to convert to other altcoins such as ADA, XRP, TRX or others to send tokens so the fees are cheaper.

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Quote from: Snappycoco on June 19, 2021, 10:17:09 AM

Its nice seeing this improvement in Ethereum network. I believe this could be what one of the missing stones in terms of usability. I remember last last month it has its gwei high and almost x100 versus Binance smart chain.

it's not really an improvement since the current decrease of gas fee mainly caused by fewer transactions being made in the blockchain, we can only call it an improvement if the eth 2.0 succesfully increases ETH tps therefore making it more scalable and resilient against the overflowing traffic that ETH usually has since it's a smart contract blockchain that requires many transaction to be made to interact with the smart contracts.

pinoycash

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Quote from: Snappycoco on June 19, 2021, 10:17:09 AM

Its nice seeing this improvement in Ethereum network. I believe this could be what one of the missing stones in terms of usability. I remember last last month it has its gwei high and almost x100 versus Binance smart chain.

Due to low gas fees, Most devs are launching their project now in ETH instead of BSC. If ETH goes to full POS and the fees goes further down in the same level of BSC we can say it will be the end of BSC

Snappycoco

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Its nice seeing this improvement in Ethereum network. I believe this could be what one of the missing stones in terms of usability. I remember last last month it has its gwei high and almost x100 versus Binance smart chain.

Noruka

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Quote from: Shova on June 18, 2021, 12:32:09 PM

The fees for last 15 days has been averaging for 10 gwei, which to some extent is similar to the largest competitor at the moment, BSC. This is indeed a great improvement in Ethereum blockchain and the hard work of the team is bringing the yield. We can see they are not stopping here and have one of the most active roadmap among popular coins. This is already more than I have expected considering how high the fees were just 3 months ago.

I haven't checked the statistics, but is this due to a decline in transactions in the network overall or are that improvements from any new updates? I am surprised how low the fees are now, but somehow Uniswap still charges a lot of you use their swapping service. Is there another, cheaper alternative based on Ethereum?

Shova

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The fees for last 15 days has been averaging for 10 gwei, which to some extent is similar to the largest competitor at the moment, BSC. This is indeed a great improvement in Ethereum blockchain and the hard work of the team is bringing the yield. We can see they are not stopping here and have one of the most active roadmap among popular coins. This is already more than I have expected considering how high the fees were just 3 months ago.

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Quote from: CapGelatik on June 18, 2021, 10:30:45 AM

because the Ethereum network is not stable, sometimes Fees can go up again,
I myself saw some time ago when fees were only 11 gwei then a few hours later fees rose drastically to 150 gwei,
of course this can still happen in the future, if ethereum does not do troubleshooting,
then fees will continue to be expensive due to network instability

Is that true? I myself have never seen a cost increase of that magnitude again.
because in these 3 days I made ethereum token transactions everything was under 25 Gwei. Isn't the current situation very profitable for those who previously could not make transactions with more expensive fees?

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Quote from: Desscount on June 18, 2021, 08:22:08 AM

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Quote from: feelideb on June 18, 2021, 05:23:45 AM

It was totally unexpected that gas fee will drop in a manner that it did! I was thinking ethereum network would have to have a series of upgrade before we could start enjoying the low fee we were used to! It obvious that the high fee was man made and the amount of both needed and un needed projects contribute to the insane fee we had! Let's hope upcoming upgrade will help ethereum network to accomadate high traffic and more transaction on it's network!

next network update will bring massive change in ethereum network fee. at this moment maybe network traffic drop hardly due volatility in crypto market., its good thing for us if ethereum gas fee could maintain in current value , so more people will use or back to eth platform again.

I really hope that with the ethereum 2.0 update later transaction fees can be cheaper than now,
The problem so far is, of course, the high transaction costs, although now they are slowly starting to fall,
The most important thing for now is to keep an eye on the progress

i am confidence to say it will . i am curios why lastest gas fee could drop sharply , meanwhile ethereum or ethereum token swap in decentralized exchanges still high. network developtment will be the key for ethereum blockchain , alot of ethereum community put their hope for it. once it realized we will see new all time high price in market.

because the Ethereum network is not stable, sometimes Fees can go up again,
I myself saw some time ago when fees were only 11 gwei then a few hours later fees rose drastically to 150 gwei,
of course this can still happen in the future, if ethereum does not do troubleshooting,
then fees will continue to be expensive due to network instability

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Quote from: Desscount on June 18, 2021, 08:22:08 AM

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Quote from: feelideb on June 18, 2021, 05:23:45 AM

It was totally unexpected that gas fee will drop in a manner that it did! I was thinking ethereum network would have to have a series of upgrade before we could start enjoying the low fee we were used to! It obvious that the high fee was man made and the amount of both needed and un needed projects contribute to the insane fee we had! Let's hope upcoming upgrade will help ethereum network to accomadate high traffic and more transaction on it's network!

next network update will bring massive change in ethereum network fee. at this moment maybe network traffic drop hardly due volatility in crypto market., its good thing for us if ethereum gas fee could maintain in current value , so more people will use or back to eth platform again.

I really hope that with the ethereum 2.0 update later transaction fees can be cheaper than now,
The problem so far is, of course, the high transaction costs, although now they are slowly starting to fall,
The most important thing for now is to keep an eye on the progress

i am confidence to say it will . i am curios why lastest gas fee could drop sharply , meanwhile ethereum or ethereum token swap in decentralized exchanges still high. network developtment will be the key for ethereum blockchain , alot of ethereum community put their hope for it. once it realized we will see new all time high price in market.

maybe it can be said not but must, because this dilemma cannot be considered something small because we know that many are looking for other alternatives to avoid the high costs. even the project owner has done it. because they themselves have been affected until now because they can't do the distribution because the high cost is beyond their expectation.

but ethereum has tried to continue to improve but it is not easy as fast as desired because obviously there will be many obstacles that occur as well. but the intention to improve can already be seen and there is no harm in continuing to work hard because many see an opportunity to be able to replace that role, although it is not easy because of habit, but if ignored it might happen.

_MrTuyul404

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happy to see this good news, Gas fees dropped sharply, Ethereum saw some strength last week and remains strong to date.

Ethereum managed to make an epic comeback on Sunday after a dismal weekend where Bitcoin looked weak.

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Quote from: feelideb on June 18, 2021, 05:23:45 AM

It was totally unexpected that gas fee will drop in a manner that it did! I was thinking ethereum network would have to have a series of upgrade before we could start enjoying the low fee we were used to! It obvious that the high fee was man made and the amount of both needed and un needed projects contribute to the insane fee we had! Let's hope upcoming upgrade will help ethereum network to accomadate high traffic and more transaction on it's network!

next network update will bring massive change in ethereum network fee. at this moment maybe network traffic drop hardly due volatility in crypto market., its good thing for us if ethereum gas fee could maintain in current value , so more people will use or back to eth platform again.

I really hope that with the ethereum 2.0 update later transaction fees can be cheaper than now,
The problem so far is, of course, the high transaction costs, although now they are slowly starting to fall,
The most important thing for now is to keep an eye on the progress

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next network update will bring massive change in ethereum network fee. at this moment maybe network traffic drop hardly due volatility in crypto market., its good thing for us if ethereum gas fee could maintain in current value , so more people will use or back to eth platform again.

What kind of updates will be introduced? Sending Ethereum right now isnt costly, but sending Ethereum tokens still cost a lot. I hope this will be first thing they fix. At least make Ethereum token transaction cost be same or closer to Ethereum transaction cost. That is the only thing that bothers me. Transaction speed is more or less ok.

VanDeinsberg12

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Quote from: Alert31 on June 15, 2021, 11:27:25 AM

Yes, and it was a good news to everyone who use Ethereum blockchain. I'm still hoping that it will drop more like in Binance smart chain, transaction fee is just a cent. Well, it's a good sign for Ethereum to attract more demand again after a long time that the transaction fee is too high.

Transaction fee below a cent is just impossible for ETH unless this coin go down to below $1K. you see with BNB each coin is $350 and with ETH it's 10x and expect it to go up even higher if the price keep going up as well.

that by far is the problem that frequently overseen by most of people, i personally hope that the coin to pay fee in ETH blockchain could be replaced by something else so the price could go up without even worrying about the small fries like us that
sends money in small amount getting eaten by the fee alone.

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It was totally unexpected that gas fee will drop in a manner that it did! I was thinking ethereum network would have to have a series of upgrade before we could start enjoying the low fee we were used to! It obvious that the high fee was man made and the amount of both needed and un needed projects contribute to the insane fee we had! Let's hope upcoming upgrade will help ethereum network to accomadate high traffic and more transaction on it's network!

shushu9977

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Specially, it is good news for small investor who doesn’t send small amount of eth or other crypto-currency because of high gas fee of ethereum. If now it is still low gas fee of eth, then I will transfer few tokens from MEW.

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