Eth mainnet gas fees are so high and been really a pain in the ass for everyone. Luckily we have other options like xDAI chain,why go for high fees if we can farm and stake on xdai chain. Just want to share how I earn great rewards farming XGT/xDAI on xdai chain with less than $0.01/tx. On Honeyswap. You may want to check it here:
https://Xion.finance
https://info.honeyswap.org/pair/0xB2B15DaE735e52CA0902824570Bd2458d78672f8
Topic: Ethereum Gas fees too high (Read 511 times)
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This is a scalability related issue. Most of the people in crypto already face this all the time when there is a hype and number of transactions take place on daily basis. The blockchain cannot handle the transactions at low cost even during hype rush and people talk about mass adoption as a currency (in which case it’s going to be thousands time worst scenario that what presently is).We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
All the above, I think that the average gas price has just shot up to 97-100 Gwei. I just read a post of a guy who’s 11 ETHs have been stuck in a transaction because he paid lower gas price (25 Gwei). Ethereum team should focus on this situation and reduce the fees.
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I don't know what low means to you but sending a $10 worth of coins with a $0.50 fee is really high
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Lucky you. The fee is now around $4 for me. Iv stopped trading because I lose more money than I could profit. Very frustrating.
everything is now increasing, mate. Don't compare today's fees and the previous year, it should be changing.
Well, the fees of ETH are increasing, but so far, this is still low enough. However, of course, higher fees will be required if we are going to have a faster transaction to be processed. In this case, fees will depend on the speed of the transactions. But for the standard fees, yes, this is increasing but not too much for me. We cannot complain about it anymore because we only use this platform. Some factors may influence these increased fees. Well, even it is higher several times, we do not have any choice again. except changing the coin into other coins that have lower fees (if in exchange). But if in the wallet, we have no choice but only following the fee regulation.
Well, the fees of ETH are increasing, but so far, this is still low enough. However, of course, higher fees will be required if we are going to have a faster transaction to be processed. In this case, fees will depend on the speed of the transactions. But for the standard fees, yes, this is increasing but not too much for me. We cannot complain about it anymore because we only use this platform. Some factors may influence these increased fees. Well, even it is higher several times, we do not have any choice again. except changing the coin into other coins that have lower fees (if in exchange). But if in the wallet, we have no choice but only following the fee regulation.
I don't know what low means to you but sending a $10 worth of coins with a $0.50 fee is really high compared to a centralized services or other cryptocurrency which is only a cent ($0.01) and sometimes free. Though you are right that we can only wait what is going to happen.
Look at the bright sight, because of Defi hype and Ethereum 2.0, we are clearly having a blast with the price right now and it is still growing. I hope Ethereum 2.0 solve this fee problem though.
We hope the Ethereum 2 launch for real so we can ditch these greedy miners lol.
Etherum Founders got the point of this matter & it's time to forget about blockchain saturation & all this bullshit going on since years now when some kido Dapps make the whole network stuck for ever to confirm couple transactions.
Etherum Founders got the point of this matter & it's time to forget about blockchain saturation & all this bullshit going on since years now when some kido Dapps make the whole network stuck for ever to confirm couple transactions.
I also postponed the transaction because the gas increase was quite high. I am not sure what the cause is, it could be because the ETH is in an important development phase, the price has risen quite high, so this has an effect on internal transaction rates. But, with all the benefits that we can, security, speed, convenience, it is quite comparable to the costs we provide.
It's a bit unfair if we compare it with some time before. Have all things changed? so let's just accept this situation patiently.
It's a bit unfair if we compare it with some time before. Have all things changed? so let's just accept this situation patiently.
everything is now increasing, mate. Don't compare today's fees and the previous year, it should be changing.
Well, the fees of ETH are increasing, but so far, this is still low enough. However, of course, higher fees will be required if we are going to have a faster transaction to be processed. In this case, fees will depend on the speed of the transactions. But for the standard fees, yes, this is increasing but not too much for me. We cannot complain about it anymore because we only use this platform. Some factors may influence these increased fees. Well, even it is higher several times, we do not have any choice again. except changing the coin into other coins that have lower fees (if in exchange). But if in the wallet, we have no choice but only following the fee regulation.
Well, the fees of ETH are increasing, but so far, this is still low enough. However, of course, higher fees will be required if we are going to have a faster transaction to be processed. In this case, fees will depend on the speed of the transactions. But for the standard fees, yes, this is increasing but not too much for me. We cannot complain about it anymore because we only use this platform. Some factors may influence these increased fees. Well, even it is higher several times, we do not have any choice again. except changing the coin into other coins that have lower fees (if in exchange). But if in the wallet, we have no choice but only following the fee regulation.
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
Ethereum gas fees are much higher than before. We are facing several problems like bounty distribution, airdrop tokens and low valuable coins. For these gas fees, we don't get our rewards in time. I don't know how to solve it but these gas fees now force us to open an exchange account. Ethereum blockchain users won't be satisfied with these high gas fees. We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
The increase in gas fee for ethereum is as a result of the congestions experience in the network. I personally don't know what is actually causing the congestion but taking a closer look at gas station, I can see that the highest gas was spent by USDT and the second highest was on Forsage.
I think this is a real concern that been known to dev and maybe they will find a way around it remember btc had thesame issue years back for now just be patient ETH will fix gas issues
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
I'd never think there is a problem with the fees, we can still set it to 5Gwei if we want (or even lower from that). The main concern here is that you want your transfer to be instant and that is hard this time because of heavy network traffic in the blockchain in which delays will be expected. If you can wait for that long, 1 day, 2 days, depending on how long it confirms is not a problem anyway.We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
Take a look at how much you pay for Bitcoin transfer, you will never be shocked that it is much higher than ETH but people have no complaint about it because they already new the possible case to happen. If you want save a few cents from doing transaction, then choose also to wait longer, actually, it surely arrives to its destination as well.
I don't know what I have to do, I'm really frustrated with this increase in GAS ethereum,
sending just a few ERC20 tokens is already very expensive, honestly I'm disappointed
yes I also feel the same as you, I just hope the gas will return to normal soon so that everyone does not feel disappointed. if this happens in one month maybe we can spend 1 ETH only on gas sending just a few ERC20 tokens is already very expensive, honestly I'm disappointed
Yes Now a days Ethereum Gas fees so high. 3 days ago made a trx & Paid around 0.20$ for gas fees. But it takes around 18hours to confirm the trx. I didn't know that Ethereum gas fees so high then i tried to send them again for higher gas fees but chain showing that this trx will be complete after old trx confirmation. It's really annoying and costly for ETH user.
I did a transaction the other day and choose lower fee gas it took me of waiting more than 8 hours to receive the eth. So what I did actually I just add fees to make it fast the transactions and just 10-15 minutes transactions completed. This really shows that the network is busy daily and demands is increasing. It is expensive using this eth platform when doing transactions when the price increase in the market the fees does. 
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This is the price for using smart contracts. It remains to be glad that they do not take a commission for requesting the balance on the We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
Yes,i also surprised when i tried to make an ethereum transaction with a higher gas fee. Maybe it is because the value of ethereum is also increasing. Or because the demand of ethereum are keep on increasing. I really want to now the reason behind ethereum higher gas fee as of now. We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
I also noticed that the commission has increased recently and was surprised because I saw such prices for the first time. I waited overnight and the transaction cost me $ 0.18. I noticed a long time ago that transfers are much cheaper at night. We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
Yes Now a days Ethereum Gas fees so high. 3 days ago made a trx & Paid around 0.20$ for gas fees. But it takes around 18hours to confirm the trx. I didn't know that Ethereum gas fees so high then i tried to send them again for higher gas fees but chain showing that this trx will be complete after old trx confirmation. It's really annoying and costly for ETH user.
To be honest, the current transaction cost is way too much abd frustrating to the core. Spending almost $0.5 for Eth transactions and more for other ERC20 tokens is just exorbitant, i was thinking the wallet I'm using was the cause but it wasn't because virtually every one is complaining about it. I just hope something is done ASAP to correct this, otherwise there won't be much difference between eth charges and FIAT charges
I don't know what I have to do, I'm really frustrated with this increase in GAS ethereum,
sending just a few ERC20 tokens is already very expensive, honestly I'm disappointed
sending just a few ERC20 tokens is already very expensive, honestly I'm disappointed
I do not understand why people do not use lower than average level for ethereum as well, that is the difference between bitcoin and ethereum and why ethereum could have 10% of the gas price today if they want to or they could have 10x faster if they want to. What bothers me right now is that, you get to wait at least 20 minutes, usually an hour or even up to 8 hours if you want to pay less for bitcoin transactions, it all depends on where you pay and why you pay, but when you are withdrawing for example or just sending without rush, you could do as much as 12-18 hour transactions in bitcoin while paying less.
Think of that in ethereum, think of something that is not urgent in ethereum, you could get away with basically free, just a cent or two and you get it in 12 hours for sure. If you want really fast, it is under 2 minutes, it is crazy fast and it is still around half a cent last I checked, that is totally normal.
Think of that in ethereum, think of something that is not urgent in ethereum, you could get away with basically free, just a cent or two and you get it in 12 hours for sure. If you want really fast, it is under 2 minutes, it is crazy fast and it is still around half a cent last I checked, that is totally normal.
I think if something is not done to this high transaction on Ethereum it could be the beginning of the end for the project, with the launch of Ethereum 2.0 still far and the date uncertain, it is possible project would have moved over to other platforms, just look at what FTX did with Solana platform today with the launch of their own DEX.
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
I also shocked too. I deposit a coin from my ETH wallet to an exchange 10 hrs ago but still transaction status pending. In my opinion it's a very bad decision from ETH dev team. Those people won't use ETH anymore who transaction everyday small amount. I mean why should people give $2/$3 for $10 withdraw. If you try to reduce gas fee then it will take huge time to transfer. Hope authority look at this matter.
It seemed too much to me. Most of the time before that I have select 10/16 Gwei Gas prices for every transaction. Now it's almost going out of reach. If this trend continues, very soon we will be able to see 100 Gwei Gas prices needed for transactions.
This is the result of Eth having it's own bull run that's why the gas price is really peaking as well. I also remember that there is a record high of Eth wallets in the last couple of days, so for sure it added to this whole "mess" of clogging the network and then we have the Defi hype, Eth 2.0 on the horizon.
Maybe this thread can help you out:
https://ethgasstation.info/
If you don't want to pay high gas fees, then maybe you need to wait a little bit and see when it settles down.
The gas is quite high so I think if you want to send the token it is enough to postpone until it is really stable, I think it can add more because the increase in ETH has peaked until now. Maybe this thread can help you out:
https://ethgasstation.info/
If you don't want to pay high gas fees, then maybe you need to wait a little bit and see when it settles down.
Yes, you are right. Now a days ETH gas fee is so much high. If i want to transaction fast then i need to pay high gas fee. This is so much disturbing. If i select low gas then transaction delayed for couple of hours.
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
I have just transferred tokens in the ETH system and paid a commission of 1.34 USD, although the system showed me a value of more than 3.00 USD. Let's hope that this is temporary, especially since now ETH is showing growth, perhaps this is due to this. If you want to take advantage of the minimum commission, then you just need to wait, for example, until the evening and check the load of the ETH network. Very often, by the evening and at night, the network load drops and the commission becomes minimal. Also, if you want to receive your ETH or ERC-20 tokens as quickly as possible, then you need to choose the maximum commission, then the transaction goes through very quickly and does not freeze.
just be patient, don't do any transaction yet, because the network is full, this is a weakness of Ethereum,
if it continues like this, future of Ethereum will be bad
if it continues like this, future of Ethereum will be bad
ethereum gas costs are almost balanced with bitcoin, This incident ever happened but it fell back in the near future, I'm also confused about the high ethereum gas costs that have been a long time so many people talk about this
I think it's diffrent between bitcoin and ethereum. You can use bitcoin wallet that supports segwit so it will reduce transaction fee, but what about ethereum, there is no wallet which supports fee reduction.Yes, i agree with OP, ethereum gas fees is too high. I hope nethereum's new technology, ETH 2.0 will bring solution about gas fee
It is best not to create transactions at the present time. You should wait a few more days for the ETH network to stabilize, the previous day I only lost $ 0.5 per transaction but now it has gone up to $ 5. That is really unacceptable
Wow, that's huge amount of fees, better to use other alternative if you have that chance to use another coin, there are lots of crypto if you are transferring
coins from exchange, instead of paying huge amount of transaction fee using ETH, why not use other coin to transfer your fund, coins that also good in speed
but don't charge that high.
Now that Bitcoin goes over $10000 we will experience more transactions on Bitcoin network also. And fees will go up. It will be crazy 2020 and 2021 fro both chains. Etehreum and Bitcoin.
the market seems to be driven by these two assets. pumps that occur on the market look strong and stable. You can see the growth that occurs is a little correction. and of course, if this growth continues to strengthen what happens is an increase in transaction costs that I'm sure there will be more and more trade. 
when the Ethereum network is full, that happens is expensive gas, this is common for Ethereum,
if we look at Ethereum Pump people always make transactions there, and make the network have to work harder
if we look at Ethereum Pump people always make transactions there, and make the network have to work harder
This is the result of Eth having it's own bull run that's why the gas price is really peaking as well. I also remember that there is a record high of Eth wallets in the last couple of days, so for sure it added to this whole "mess" of clogging the network and then we have the Defi hype, Eth 2.0 on the horizon.
Now that Bitcoin goes over $10000 we will experience more transactions on Bitcoin network also. And fees will go up. It will be crazy 2020 and 2021 fro both chains. Etehreum and Bitcoin.
It is best not to create transactions at the present time. You should wait a few more days for the ETH network to stabilize, the previous day I only lost $ 0.5 per transaction but now it has gone up to $ 5. That is really unacceptable
is that high as ethereum transaction costs? I checked the GAS is currently around 100, and it does make small transactions that may be burdened. true you said, maybe it would be better to avoid ethereum transactions at this time because the costs are quite high. Moreover, the market is good enough, we can wait until a better moment. 
It is best not to create transactions at the present time. You should wait a few more days for the ETH network to stabilize, the previous day I only lost $ 0.5 per transaction but now it has gone up to $ 5. That is really unacceptable
such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
It will not. Ethereum has experienced the same thing in the past and it can go back again and got a lot of demand. There was a reason why the tx fees have been increasing a lot and one of this reason should be caused by the bull of ethereum. such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
It will not. Ethereum has experienced the same thing in the past and it can go back again and got a lot of demand. There was a reason why the tx fees have been increasing a lot and one of this reason should be caused by the bull of ethereum. there is a lot of clarifications, and all point to the fact that ETH usage surged due to DeFi hype, and number of users and transactions surged in short time period, so network cannot adapt that fast, and all this should be solved with ETH2.0, which should be started until the end of the year, it is a matter of question will the network survive until then
such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
It will not. Ethereum has experienced the same thing in the past and it can go back again and got a lot of demand. There was a reason why the tx fees have been increasing a lot and one of this reason should be caused by the bull of ethereum. such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
It will not. Ethereum has experienced the same thing in the past and it can go back again and got a lot of demand. There was a reason why the tx fees have been increasing a lot and one of this reason should be caused by the bull of ethereum.
This is the result of Eth having it's own bull run that's why the gas price is really peaking as well. I also remember that there is a record high of Eth wallets in the last couple of days, so for sure it added to this whole "mess" of clogging the network and then we have the Defi hype, Eth 2.0 on the horizon.
Maybe this thread can help you out:
https://ethgasstation.info/
If you don't want to pay high gas fees, then maybe you need to wait a little bit and see when it settles down.
Maybe this thread can help you out:
https://ethgasstation.info/
If you don't want to pay high gas fees, then maybe you need to wait a little bit and see when it settles down.
This thread will help you to understand why you have high transactions fees and how to adjust the fees so you will only need small fees for every transaction you do.
Read it here.
Check and select good Gas price (in Gwei) for your needs
Read it here.
Check and select good Gas price (in Gwei) for your needs
Hard work on DeFi platforms has led to an increase in the number of transactions, resulting in gas or transaction confirmation costs also increasing because of the limited network speed. Hope next month's TestNet of ETH 2.0 will solve this problem, hope Shardings will have the same positive impact as Lightning
Source : https://consensys.net/knowledge-base/ethereum-2/faq/
Phase 0 has a soft target of end 2020.
Phase 0 will not do anything with regards to Ethereum network getting max utilized (currently at 95%) thanks to DeFi.
Phase 0 will not reduce gas fees and it will not reduce transaction confirmation time.
Ethereum will need Phase 1 & 2 for that (the shard chains), which is planned for later years.
In other words : if DeFi transactions keeps increasing on Ethereum network, it will get slower and slower and fees will get higher and higher.
This has happened once before with Ethereum, in 2018. Thanks to a certain Dapp called cryptokitties--> network congestion and high gas fees.
It has happened with Bitcoin too, during its bullrun in 2018 --> network congestion and high transaction fees.
Both networks are still missing transaction scalability.
The ethereum gas fees depends on the value of transaction in dollars. Albeit it differ in gwei, the fastness you want it to deliver on
Here is the link of recommended gas gwei of the amount charged the last 30days on ethereum25 leaderboard
https://ethgasstation.info/
Here is the link of recommended gas gwei of the amount charged the last 30days on ethereum25 leaderboard
https://ethgasstation.info/
now for "Safelow" has started to go down a few hours ago I had to check on ethgasstation site and safelow is 10 gwei this is not guaranteed to survive, but at least if you want to save on transaction costs it doesn't hurt to use gwei around 10-30, and also if you use Safelow this is only for transactions that are not urgent because safelow usually can take quite a long time, currently safelow has risen to 20 gwei.
such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
This will be a huge issue on their network but since they are going to migrate soon on PoS, I think they could improve the system of the scalability and this problem with congested network. A lot of projects are relying much to the eth network especially the defi ecosystem. The only solution for now is to send higher gas fee if you are trading altcoins or making any transaction. 
It is really strange when approaching the renewal instead of getting better but on the contrary.
it is not impossible that ETH users can switch to another altcoin, choosing the cheaper one when making a transaction.
indeed when making a transaction there will be many people who are looking for other coin alternatives that can provide very cheap shipping costs, ethereum is usually only used to seek the benefits of the miners and investors so that if to make transactions between places of exchange I am sure many who prefer alternative coins which has lower shipping costs. it is not impossible that ETH users can switch to another altcoin, choosing the cheaper one when making a transaction.
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
If you have been doing transactions on ethereum Blockchain recently, you would have discovered that it's been some weeks now that the transactions fees has been skyrocketing. Transactions that I used to do with $0.1 before has now turned to around $0.7. This could be due to the increase in the price of ETH among other reasons other members have highlighted.
The same goes for bitcoin.
Happens mostly when there is a price increase.
We will need to wait when all the transactions that are stuck are confirmed.
Miners are set automatically to confirm transactions with higher payments.
So those which have paid less will really need to wait until they clean up the high priorities tx.
More will pay more thinking there is still profit after they got out.
This is true! The gas fees of ETH are currently high because the price of ETH is increasing and a lot of people are making transactions with ETH. It not only happens with ETH, but it also happens to every single coin when the coin gets increasing in price. It all depends on you, the more you pay, the faster the transaction is. However, consider it with your profits, if you aren't in a rush, waiting is not a bad thing. Happens mostly when there is a price increase.
We will need to wait when all the transactions that are stuck are confirmed.
Miners are set automatically to confirm transactions with higher payments.
So those which have paid less will really need to wait until they clean up the high priorities tx.
More will pay more thinking there is still profit after they got out.
The same goes for bitcoin.
Happens mostly when there is a price increase.
We will need to wait when all the transactions that are stuck are confirmed.
Miners are set automatically to confirm transactions with higher payments.
So those which have paid less will really need to wait until they clean up the high priorities tx.
More will pay more thinking there is still profit after they got out.
Happens mostly when there is a price increase.
We will need to wait when all the transactions that are stuck are confirmed.
Miners are set automatically to confirm transactions with higher payments.
So those which have paid less will really need to wait until they clean up the high priorities tx.
More will pay more thinking there is still profit after they got out.
I've never used 5$ for eth gas fee before, making the amount of ethereum you trying to send is big ? The highest I send was 850$ and I sent that with only 1$ to binance exchange, let's wait for the eth 2.0 to get completed
It is really strange when approaching the renewal instead of getting better but on the contrary.
it is not impossible that ETH users can switch to another altcoin, choosing the cheaper one when making a transaction.
it is not impossible that ETH users can switch to another altcoin, choosing the cheaper one when making a transaction.
Yea, its getting ridiculous on moments. I dont mind paying 50 cents for a transaction, even if that number is crazy high as well, but everything over a dollar is completely unacceptable in my eyes. A week or two ago I paid more than 10 bucks for a single stable coin swap on Kyber, a number that almost threw me out of my chair. ETH 2.0 cannot come fast enough.
I agree, the price is incredibly high, especially if you work with smart contracts, ETH need to do something about it, now only miners are happy.
Yes CryptoDost sir, Ethereum gas fees 5 times than before. Today minimum gas fees amount over $0.50. If I transfer a minimum amount of assets, minimum gas fees 50 cent huge more. Last transaction I already paid 94 cent which is very much. Please Ethereum authority shout take actions. Please reduce Ethereum gas.
But come to think of it, eth transaction is still cheaper than when you transfer bitcoin from one exchange to another. Even eth tx from one exchange to another is relatively cheaper. But I am wondering with this Eth 2.0, will the gas fee be cheaper or expensive? What change are we going to expect in terms of transaction fees?
such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
Transaction fee has remained quite high, for both ETH and BTC for the last few weeks. It is not as bad as the situation we had in 2017 end, when users were paying up to $50 in fee for a single transaction. But if the trend continues, those days may repeat. The last time I checked, average transaction fee with Bitcoin was going at 102 Satoshi/Byte, which is almost 10 times higher than the normal rate.
such transaction prices will simply kill ETH. many projects cannot afford such a price for sending coins, because many users need to send a small amount of money and the commission may be higher than the amount which they sent
Hard work on DeFi platforms has led to an increase in the number of transactions, resulting in gas or transaction confirmation costs also increasing because of the limited network speed. Hope next month's TestNet of ETH 2.0 will solve this problem, hope Shardings will have the same positive impact as Lightning
Yes CryptoDost sir, Ethereum gas fees 5 times than before. Today minimum gas fees amount over $0.50. If I transfer a minimum amount of assets, minimum gas fees 50 cent huge more. Last transaction I already paid 94 cent which is very much. Please Ethereum authority shout take actions. Please reduce Ethereum gas.
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !
At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
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