Ethereum Gas Fees Drop - page 6. | Bitcointalksearch.org

livingfree

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Quote from: Distinctin on June 08, 2021, 06:34:23 PM

Quote from: livingfree on June 08, 2021, 06:04:17 PM

It increased a bit for a while but then it had dropped a lot. I don't know the reason behind but usually due to the TPS that the network is getting.

This might happen because the heavy transaction traffic is over, many traders and investors are now using the BSC platform which affects the heavy loads.

But even there is no such huge switch, this will be happening for sure just like what happens to Bitcoin fees. Well, I'm looking forward to how it lowered down when the upgrade has done, we are expecting that changes.

The upgrade will take time to take place.

But whatever is happening to the ETH network as long as the fees have dropped a lot, this is in our favor. The division and the use of BSC as a choice for lower fees did also good to ETH.

The network became free of congestion.

HyunBin

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Seeing that the ethereum gas fee is low which means its good to buy and accumulate ethereum blockchain base token. Also, now that GWEI drops which almost the same with the BSC gas fee I think many crypto enthusiasts will go back to erc20 once again.

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Quote from: lexkiee28 on June 09, 2021, 04:06:13 AM

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.

The ethereum gas fee continues to drop and as of today it ranges from 12-15 GWEI which is I think good thing especially if you want to buy an erc20 token because the fee is now low.

Yes, indeed it is getting better, and I am sure users will be very satisfied with this. Instead of incurring crazy fees, we now have acceptable transaction fees on the Ethereum platform.

lexkiee28

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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.

The ethereum gas fee continues to drop and as of today it ranges from 12-15 GWEI which is I think good thing especially if you want to buy an erc20 token because the fee is now low.

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Quote from: vermigerous on June 09, 2021, 03:17:51 AM

All I've thought that there's nothing to do with jncreasing gas fee for a coin that gets increase price value. Last year eth has a good and tolerable low gas fees, but with this recent months i thought of gas fee increases if the coin value rises. However, this was a good news that even for increasing coin value has the chance to lower again the gas fee.

now the gas price is very good. 10 gwei is about 60 cents per transaction, we are very close to the cost of commissions on the BSC. And this is very good!

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All I've thought that there's nothing to do with jncreasing gas fee for a coin that gets increase price value. Last year eth has a good and tolerable low gas fees, but with this recent months i thought of gas fee increases if the coin value rises. However, this was a good news that even for increasing coin value has the chance to lower again the gas fee.

Golftech

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Quote from: Tervelatuk on June 08, 2021, 06:30:14 PM

Quote from: BobK71 on June 08, 2021, 12:23:03 PM

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

its good for us now if eth gas fee drop alot, now we can send or trade token in uniswap which is usually need high fee transaction. no more limitation in trades or sending token , so it will attract higher trading volume in decentralized exchanges.hopefully it will running and not due this ethereum price fall.

Should be that way, ETH needs to adjust in order for end users to continue using the service

and not to continue migrating to BSC, there are good competitions now and they should build

the trust back, that this adjustment will be there and the high fees are now part of the past process..

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as costs that fall very deep can at least be used as a very good opportunity to make a profit and of course it must be put to good use and don't miss this to arbit between exchanges so you can profit from the difference in coin prices between exchanges .

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Quote from: livingfree on June 08, 2021, 06:04:17 PM

Quote from: BobK71 on June 08, 2021, 12:23:03 PM

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

That's normal.

I saw that it fluctuated to 72 gwei and then after a few minutes dropped to 20's and then now it's back to 14 gwei.

Quote from: ?? on ??

I see gas costs have started to increase again even though they are still below 20 Gwei but this is a very rare momentum to see gas costs are very cheap like this so you should be able to use it well to make transactions between exchanges

It increased a bit for a while but then it had dropped a lot. I don't know the reason behind but usually due to the TPS that the network is getting.

This might happen because the heavy transaction traffic is over, many traders and investors are now using the BSC platform which affects the heavy loads.

But even there is no such huge switch, this will be happening for sure just like what happens to Bitcoin fees. Well, I'm looking forward to how it lowered down when the upgrade has done, we are expecting that changes.

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Quote from: BobK71 on June 08, 2021, 12:23:03 PM

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

its good for us now if eth gas fee drop alot, now we can send or trade token in uniswap which is usually need high fee transaction. no more limitation in trades or sending token , so it will attract higher trading volume in decentralized exchanges.hopefully it will running and not due this ethereum price fall.

livingfree

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Quote from: BobK71 on June 08, 2021, 12:23:03 PM

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

That's normal.

I saw that it fluctuated to 72 gwei and then after a few minutes dropped to 20's and then now it's back to 14 gwei.

Quote from: ?? on ??

I see gas costs have started to increase again even though they are still below 20 Gwei but this is a very rare momentum to see gas costs are very cheap like this so you should be able to use it well to make transactions between exchanges

It increased a bit for a while but then it had dropped a lot. I don't know the reason behind but usually due to the TPS that the network is getting.

BobK71

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I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

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Quote from: monineklutak on June 08, 2021, 10:37:16 AM

Quote from: TWW on June 08, 2021, 09:07:56 AM

Quote from: ?? on ??

I think this cheap transaction fee will not last long because when the conditions of the exchange recover and transactions using the ethereum platform increase, it will definitely make the gas costs for making transactions also increase, so as long as gas costs are cheap like this, you should be able to use good.

looks like the adjustments have already been made by the ethereum developers. This condition has been happening for several weeks. Transaction fees that used to be very troublesome for many traders and investors can finally be resolved even though they are not as cheap as BSC. what is clear is that ethereum has taken a pretty good step in overcoming the problem even though it seems very slow.

That's right, at least this step is a good start for the future considering that transaction fees used to be an obstacle for ethereum,
however I still hope the transaction fees can be as cheap as Binance Smart Chain,
We'll see what happens in the future, hopefully there will be good news

The fee is still cheap enough to make a transaction comfortably .Its 28gwei on latest .It will be good if it is keep going like this .One stage we have seen the high fee of 500gwei and its just act a negative impact on eth chain .Most of the project has started there initial moment with BSC .So it will be good for the eth blockchain and also for us to keep the gas price low to make any trasaction.

mr.robot8

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from the graph they almost seem to be reasonable fees but i hope they drop further and return to the old values when the average fee was about 20 cents, it seems that the refusal of many users to make transactions at these exaggerated values of the fee has worked and made think miner and therefore they have lowered the fees, however the fees on bsc remain even more convenient, and the eth fees have not yet stabilized continue to be too variable

monineklutak

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Quote from: TWW on June 08, 2021, 09:07:56 AM

Quote from: ?? on ??

I think this cheap transaction fee will not last long because when the conditions of the exchange recover and transactions using the ethereum platform increase, it will definitely make the gas costs for making transactions also increase, so as long as gas costs are cheap like this, you should be able to use good.

looks like the adjustments have already been made by the ethereum developers. This condition has been happening for several weeks. Transaction fees that used to be very troublesome for many traders and investors can finally be resolved even though they are not as cheap as BSC. what is clear is that ethereum has taken a pretty good step in overcoming the problem even though it seems very slow.

That's right, at least this step is a good start for the future considering that transaction fees used to be an obstacle for ethereum,
however I still hope the transaction fees can be as cheap as Binance Smart Chain,
We'll see what happens in the future, hopefully there will be good news

Kez1817

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Good news that Ethereum gas fee dropped and I hope it will not go too much high again. This lower gas fee maybe because of the ETH 2.0 which already developed and because of a lot of competitors of ETH now. Ethereum has a huge demand despite of higher gas fee and it will continue to increase if this lower gas fee will continue, so that Ethereum users will have a smooth transaction every time they want under Ethereum blockchain.

Vishnu.Reang

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Quote from: ?? on ??

I think this cheap transaction fee will not last long because when the conditions of the exchange recover and transactions using the ethereum platform increase, it will definitely make the gas costs for making transactions also increase, so as long as gas costs are cheap like this, you should be able to use good.

Well.. we cant expect it to last long. As long as the scalability issue for ETH is not resolved, we will be dealing with very high gas prices every now and then. ETH 2.0 was supposed to reduce the transaction fee for Ethereum. But in the end it turned out to be another delaying tactic used by the developers to divert the debate on fee levels. I no longer trust tall claims being made by the ETH developers. They are simply not interested in reducing the gas prices. The monopoly they enjoy right now have made them arrogant.

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Quote from: ?? on ??

I think this cheap transaction fee will not last long because when the conditions of the exchange recover and transactions using the ethereum platform increase, it will definitely make the gas costs for making transactions also increase, so as long as gas costs are cheap like this, you should be able to use good.

looks like the adjustments have already been made by the ethereum developers. This condition has been happening for several weeks. Transaction fees that used to be very troublesome for many traders and investors can finally be resolved even though they are not as cheap as BSC. what is clear is that ethereum has taken a pretty good step in overcoming the problem even though it seems very slow.

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That it's the most shocking thing to me, because today I paid 1$+ for a transaction, hope it continue like this, but see this coming in few months before now I witnessed it.

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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.

I have tried this and had a huge problem with the "swap" part on the uniswap, does anyone know the reason for it? I mean sending is much cheaper these days but when it comes to swapping it for something it becomes very expensive. For me to change my USDT in my metamask to ETH it requires 18 dollars, why is it so much?

I could send it to binance but even that requires ETH and I have none in my wallet right now, I have no ETH at all, I just have USDT, if I exchange my USDT to ETH then I will have a decent amount of ETH that I can do like 10 swaps, but when it comes down to swap instead of sending its somehow expensive. I still think that these numbers we are seeing may not be normal, like for example sending USDT to binance requires 4 dollars, but when I check that website it says 1.5 dollars, that seems like a huge difference, nearly 3x difference.

Topic: Ethereum Gas Fees Drop - page 6. (Read 2513 times)