Topic: High Fees Gas ETH (Read 623 times)
Mostly the high fees come from the fact that there are a lot of transactions but recently the high fees of ethereum does not seem to be in the same field as that. It might just be a glitch but also bear in mind that it takes more fees for you to transfer tokens than to transfer ethereum. It might just be due to congestion in the network as that is what happens when prices go up.
whether increasing market demand will make the network more congested and have to increase gas prices in order to make the network send tokens faster? but if the gas is still 41 gwei in my opinion it is still very reasonable
it's system clog, at whatever point it happened the exchange expense will increment fundamentally, regardless of whether I review effectively such a large number of trades including binance right presently suspending withdrawal for Ethereum and a considerable lot of its ERC20 token because of system blockage, anyway this issue will in the long run leave however such an agony when it happened when we are going to send something.
Some days this gas expense ETH is high to make exchanges, so it is better in the defer first to exchange token and sit tight for gas charge down. This likewise makes numerous abundance ventures defer installment because of high current expense. So it's smarter to hold up before the gas feenya come back to ordinary or down.
Ethereum was the victim of a coordinated attack. It is interesting to note that just over the past week, Ethereum gas tariffs have crossed the threshold of 80 Gwei, mainly due to the launch of various intellectual contracts, which greatly affect the network and the speed of transactions.
It was an attack on etherium network, Vitalik says on his twitter that that attack cost $15 millions to people organized it.
As far as I know this gas increase is associated with spam tokens distributed constantly. I don't know what is the reason to load net in a such way, but it hurts me, because idex prices for gas increased to 80-100gwei
This has happened recently. Perhaps the stagnation process in the previous two weeks has increased the gas charge on the ETH. Some of my transactions on the bancor, idex forced the gas to double the normal charge. This is a very big constraint for traders.
Perhaps a significant amount of miners are increasing at that time.
You are wrong about that. I suggest you to analyze through use the pending tx to get the real answer about that.it seems like there are some parties are creating so many spem transaction to increase the standard fees in the ethereum network and it looks like this has already happened from a few weeks ago. Perhaps a significant amount of miners are increasing at that time.
Today bro gas was definitely okay especially in Bancor Network which they really improve right now.
This has happened recently. Perhaps the stagnation process in the previous two weeks has increased the gas charge on the ETH. Some of my transactions on the bancor, idex forced the gas to double the normal charge. This is a very big constraint for traders.
Perhaps a significant amount of miners are increasing at that time.
Perhaps a significant amount of miners are increasing at that time.
That is very unfavourable to us because as a investors all earnings we collected will go to the company because of their high fees in GAS,
I think they should consider the status of investors in this situation.
I think they should consider the status of investors in this situation.
Ethereum transactions have been fluctuating daily, now falling below 500k for the first time in 5 months. Between June 30th and July 2nd, the transaction fees rose to nearly $1. The resulting congestion on the Ethereum network has influenced Binance to spike their GAS price on the withdrawals to the 180 Gwei, i.e. 0.00000018 Ether, with no change in withdrawal fees.The Ethereum Network is experiencing severe congestion again, it seems the spam attacks are back.Vitalik Buterin, the founder of Ethereum tweeted today saying that the estimated cost of the recent transaction spam was around $15 million
Augur has been live for less than a week and betting volumes continue to accelerate even with ETH network congestion. Critics are quick to claim Dapps are niche or dead on arrival but it is only the beginning. These are 1st of many novel use cases enabled by the blockchain REP
Now gas price is low. Its 5-20 that is regular gas. So do not worry about this. That was maximum people using ERC20 transaction, for that ethereum gas was high. Now gas price almost low, you can transaction easily. Be advised, use "ethgasstation" site for checking live gas price.
I think having a high transaction fees will gives a bad impact on the company
because there will be lots of investors will not happy about that and will choose other investment which offer lower cost.
because there will be lots of investors will not happy about that and will choose other investment which offer lower cost.
I think they have long been on the edge of profit and cost. Soon this update will be made and I think many move their production capacities into other currencies.
I don't think that this is due to the increase in demand.
I don't think that this is due to the increase in demand.
in the last 2 weeks. ETH network is very slow. I had to increase gas charges to 100 so transactions could be made. This is really bad for us. The average cost for a transaction is more than $1.5
Yes recently i experienced a ridiculously high transaction fees on eth or ERC20 tokens transfer. well, this could be due to more projects using Eth network, it get chocked up . and when this happens, only transactions with high gas and gwei will be able to go through . the situation dosse not last for long. It happened on btc blockchain some months back but now i do transfer from blockchin to another wallet with less than a $ worth of btc. so ethereum network high transaction fees will be fixed with time.
The recent FCOIN airdrop has pushed up the transaction costs. In the last month, because of the activities launched by the Fcoin exchange, many people are submitting ERC-20's jiaoy trade to the exchange. So the high GAS is so difficult, and now the most happy ones are the miners.
Vitalik Buterin commented on this?
I think that these are temporary difficulties and soon the eth network will conduct transactions quickly and cheaply
He has commented on that and he was giving an advice be patient for the next ethereum update to implement the next scalability. This congested caused by the blockchain has been spamming by some people were creating the more contract in the ethereum blockchain. You can see that about how the more transaction with high fees has been spamming to the network. I think that these are temporary difficulties and soon the eth network will conduct transactions quickly and cheaply
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