Topic: Gas price - page 3. (Read 1753 times)
With the sharp drop in fcoin prices, many people are no longer trying to trade in the exchange of tokens in the future, so that they are congested by Ethernet networks. This result is imaginable. Because this mode cannot continue.
Naturally, if gas prices go up, because the traffic that uses also increases, it is very influential with all gas prices, so do not be a burden, there will be benefits of facilitating traffic.
Any reason for the Ethereum gas price being so high lately?
Maybe because of the bloody market happening this year and also the ethereum blockchain is lagging due to massive amount of users. But lately the ethereum gas price has been decrease so far thats why those ICO that wants to distribute their tokens to their investors and bounty hunters.
I think gas prices vary greatly all the time, but it all depends on the average load of networks we have. It could be that people make lots of transfers in the network which ensures a cost increase or maybe we will see new problems later, because both the service calculates the optimal amount of gas from the current timestamp, in my opinion it is very Perfect.
what gas are you stupid is a forum where you discuss crypto projects Socratus
Today's natural gas price is 11wei, and it costs $1 to make 10 transactions, which is very expensive. Such a fee is not able to withstand a large number of transactions, so in the enterprise and in many cases the transaction costs will be amazing, resulting in unusable.
Are there any DApps that are actually responsible for the increase in gas price? Augur?
Because the Ethereum network is currently very congested. The first reason is the large number of ICOs that collect money in ETH. The second reason is the exchange, which conducts a listing of coins with a large number of replenishments.
I think the best thing is that the cost is very small, even free, so that there is the possibility of promotion. The current cryptocurrency transaction costs are too high to be used in real life.
Base on what I know the gas fee goes high it is because of the line in the transaction base on what I experienced there is a minimum fee and the one that you can change. So in there for it is like this a line that is much high and a normal one (still its expensive)
5USD Worth of fee is line one and this are the coins that you are selling
143$
155$
15$
199$
PS: Your coin will be line up but no matter what it is still depends on the buyer if he wants 15$ worth of btc or altcoin.
Same goes to another line that is worth 15USD in this line it is much faster
ALSO the feed increase because of the app and websites that you are using maybe the upgraded and a fact that its possible the number of token/altcoins is generated
And I made a research about that I really want to know the main purpose as I read the half the article I learn new things and here is the site www.medium.com/@ed_resende/why-are-bitcoin-transaction-fees-so-high-f6dea69e7db7
Sorry not yet finish reading.
5USD Worth of fee is line one and this are the coins that you are selling
143$
155$
15$
199$
PS: Your coin will be line up but no matter what it is still depends on the buyer if he wants 15$ worth of btc or altcoin.
Same goes to another line that is worth 15USD in this line it is much faster
ALSO the feed increase because of the app and websites that you are using maybe the upgraded and a fact that its possible the number of token/altcoins is generated
And I made a research about that I really want to know the main purpose as I read the half the article I learn new things and here is the site www.medium.com/@ed_resende/why-are-bitcoin-transaction-fees-so-high-f6dea69e7db7
Sorry not yet finish reading.
Projects like cryptokitties and some stupid ICO's are consuming the blockchain network and literally choking it. And this results in longer wait time for a transaction to complete and if you want your transaction to complete fast you have to pay the more ETH for the gas. That's why the gas price is increasing.
Any reason for the Ethereum gas price being so high lately?
you can check your gwei, you can make it low so you dont have to pay so high for your transaction gas. for me, I only use 3-5 gwei when doing transaction, I dont consider it so high.
Today's oil and gas price is 10wei, which is already the lowest price recently. The market can finally use other cryptocurrencies to extract and deposit operations. Only if the fuel price stays below this price, can the market be willing to operate.
Any reason for the Ethereum gas price being so high lately?
Maybe due to high loads of traffic on Ethereum network, but just ignore those one since if those one is recommended by the network then it will best to anyone to follow it since it could make their transaction more faster, And if you disobey it and lower down the gas then you will surely encounter a long delays of transaction things.
Gas price is variable all the time depends on load average of the network. I would prefer to use Metamask Chrome browser extension or mycrypto.com, why? because both services calculate optimal amount of gas of the current timestamp. Perfect by me.
Any reason for the Ethereum gas price being so high lately?
Ethereum price has been on the upper side lately and most especially is showing some pretty good stand against bitcoin pair. However, it looks like some correction abounds, and there is a possibility that long term investors may be moving their Ethereum into exchanges to do some trades and take advantage of the opportunity so as to buy back lower and in that case, there would always be some sort of congestion and an increase in fee just like we always get to see when bitcoin is having a bull run.
It is highly probable that ETH may be a source of disease. This situation affects us and everybody. I hope to recover soon and win the humanity. All projects and investments are for people to live comfortably.
The current load on the Ethereum network is caused by Bitguild's new game Ether.online. It's taken the first place by the number of transactions per 24 hours, it has even overtaken the Cryptokitties. And it's on the 3rd place among the top Ethereum dapps. So it's another indicator that ETH is not ready for such heavy load.
Thanks!Finally someone with an intelligent answer.
As for the others stop spamming this thread. I understand you need to post for your signature campaigns but please post something that actually makes sense.
Ethereum also has a block size limit - so you pay for premium space in the next block, just like with bitcoins.
I agree that the fee recently is quite high but fortunately it isn't that high compared to the fee back then when cryptokitties was booming. Back then the fee can be more than 1 usd so i think the fee right now is quite low. The fee is high because there's a lot of transactions going on the chain right now or there's a big ico going on right now that make the network quite full.
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