Gas price - page 4. | Bitcointalksearch.org

Mask4real

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Quote from: chessi on May 15, 2018, 06:54:50 AM

In my opinion the reason is very high amount of ICOs these days that run on Ethereum, and especially the EOS ICO that runs already for half a year and will end up by the end of the month. The amount of traffic that all these ICOs generate is really significant, which consequently affects the gas prices. I think it's one of the reasons that more alternatives to Ethereum platform will soon emerge.

This is a very plausible explanation. I remember that gas prices went up last December too when crypto kitties was utilizing the ethereum blockchain. I wonder how long this gas price hike will last

berezov_petro

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OPEN GAMING PLATFORM

Quote from: Donovan XXL on May 15, 2018, 06:36:23 AM

Any reason for the Ethereum gas price being so high lately?

It seems to me that the price of gas can be so high because of the fact that a lot of transactions are now underway. I have been watching several times when the price of gas has risen. I think that in a few days the price of gas will become normal again.

JeffBrad12

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Quote from: xalp on May 16, 2018, 02:37:24 PM

Quote from: Donovan XXL on May 16, 2018, 06:43:52 AM

Quote from: IrenNTA on May 15, 2018, 04:05:08 PM

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.

From dappradar
Ether.online has 1092 Tx in the last 24 hours and 10823 in the last 7d. This is very small. And has never taken the first place by the number of transactions per 24 hours.
It seems the reason is another...

Ether.online has a small percentage to affect the ethereum network. The demand for ethereum platform was increasing a lot and this can become the real reason that's why ethereum blockchain has bloated.
there are some reasons to prove this
1 The total transaction fees of ethereum network have been surpassing bitcoin - That means more adoption comes to the ethereum
2 There are more active wallets in ethereum network compared with bitcoin - Another reason to prove ethereum gets adopted by more and more people.

In fact, ether.online is not so savage as cryptokitties.

HALLASTERA

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Gas price in ethereum network always have a huge overpriced. I like a gas in Neo network because that another token.

Thewel

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for the gas is now back to normal as usual, once the price of gas is very expensive caused by the price of coins at the time was also very expensive so it affects the price of gas on the ethereum.

Donovan XXL

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Quote from: xalp on May 16, 2018, 02:37:24 PM

Quote from: Donovan XXL on May 16, 2018, 06:43:52 AM

Quote from: IrenNTA on May 15, 2018, 04:05:08 PM

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.

From dappradar
Ether.online has 1092 Tx in the last 24 hours and 10823 in the last 7d. This is very small. And has never taken the first place by the number of transactions per 24 hours.
It seems the reason is another...

Interesting. Thanks for the info, I had never heard about dappradar.

xalp

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Quote from: Donovan XXL on May 16, 2018, 06:43:52 AM

Quote from: IrenNTA on May 15, 2018, 04:05:08 PM

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.

From dappradar
Ether.online has 1092 Tx in the last 24 hours and 10823 in the last 7d. This is very small. And has never taken the first place by the number of transactions per 24 hours.
It seems the reason is another...

Road445

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The Experience Layer of the Decentralized Internet

Because the ICO market is getting hot again recently.
And ETH's throughput is not large, so when a large amount of token is transferred, the ETH block will become congested.

Donovan XXL

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Quote from: IrenNTA on May 15, 2018, 04:05:08 PM

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.

vladuch1

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Quote from: Donovan XXL on May 15, 2018, 06:36:23 AM

Any reason for the Ethereum gas price being so high lately?

The price of gas has increased, as people are now performing a lot of transactions. A similar situation was when a game about crypto cats appeared on the network. Then the gas price jumped several times.

mickeybuddy27

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Quote from: investeerder on May 15, 2018, 06:40:55 AM

Quote from: Donovan XXL on May 15, 2018, 06:36:23 AM

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.

Using the high gas price can make you process your transaction surely and more faster. The heavy traffic is caused by the people who used the ethereum from time to time to buy and sell their coins. Following the rules can make you avoid the delays on your transaction. I did before not to increase the gas price and it come out to had error in my transaction and cannot send the coins in the exchange.

IrenNTA

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"One Token to Move Anything Anywhere"

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.

rickadone

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Quote from: Donovan XXL on May 15, 2018, 06:47:21 AM

Ok I get that explanation but why such a high traffic then?
It's been going on for weeks now.

It does not really matter how long it has been going since if there is more transaction being piled up day in day out anyway, it would still remain like that until it reduces. People have already given you the main cause and no one can know pretty much exactly what could be making the transaction to be that way.

Still, it is understandable like someone said, that people are trying to move their tokens and Eth into exchanges, since there is a possibility of a change in trend and they would not want to miss those peaks to sell and buy back lower which I believe explains why it could be that way.

alexbs

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Because miners can decide to increase or decrease the use of gas. The person who makes a transaction sets the price of gas and the miner can accept or not. This causes a real market to emerge around this gas system.

Ethereum also has a block size limit - so you pay for premium space in the next block, just like with bitcoins.

With Bitcoin, miners prioritize the transaction with the highest commissions. The same goes for Ethereum, since miners are free to choose to ignore operations whose gas is too low. The price of gas per transaction or contract is set to fit in with the Turing Complete nature of Ethereum and its EVM (Ethereum Virtual Machine).

Tonstar

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Quote from: Donovan XXL on May 15, 2018, 06:36:23 AM

Any reason for the Ethereum gas price being so high lately?

I think it is because of the popularity of this gas
But are you really worried about it
do you have some explanation

Donovan XXL

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Is anyone reading here?
I know the high traffic raises gas price and you have to pay more fees to have your transaction working.
What I want to know is what recent event explains that congestion. Like someone said, there once was the crypto kitties issue but what is it this time?

nahnah

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I think the recent high gas prices may be caused by very crowded transaction traffic and require us to use more gas than the usual transactions

LiquorBan

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It depends on the traffic bro because too many people sending and if you want to check gas price you can look it here ethgasstation.info.

labake

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Increase in gas for sending on Ethereum network is always occurs whenever the traffic on Ethereum network is much, we experienced something of thi nature last year during crypto kitty’s issue on Ethereum network and the price of gas was like war then if I could remember properly.

Brigalabdis

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Quote from: investeerder on May 15, 2018, 06:40:55 AM

Quote from: Donovan XXL on May 15, 2018, 06:36:23 AM

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.

So it depends on the number of person sending or do transact from another person. Sometimes i experience that the token i send was always pending then it always cancelled or failed, what happen on that? is that because of too many transaction happen or it is because the token i send was too cheap?

Topic: Gas price - page 4. (Read 1740 times)