Paying 0.1 ETH on fees seem to be very common during 2017, but in today ATH, I bet many are paying 0.1-0.2 ETH on network fee alone, lightning network coming to ethereum?? Or soft fork.
It should be sharding solution but no ETA about when it will be coming soon. This time 0.1 worth $100 and imagine when the ethereum network gets congestion and the whales were spamming the network with very high fees 
Topic: How much is the handling fee for Ethernet?High or low compared to bitcoin? (Read 192 times)
January 23, 2021, 11:13:42 AM
January 23, 2021, 08:13:31 AM
Bitcoin takes an average of 10 minutes to produce a block, and the transfer speed of Ethernet is obviously much faster.
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
When you've said of "Ethernet" I've thought of the Ethernet cable in the computer but if it's Ethereum. It's debatable. Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
It is real that Ethereum is faster than bitcoin but even it is faster, it has its own downside just like the network congestion which is happening to it. And it also happened to bitcoin but it's due to the spam attack to the network. As for Ethereum, many are complaining about the fees, there's no such as handling fee but transaction fee.
January 22, 2021, 11:29:14 AM
Hours ago it took me 30$ to make a ERC20 transaction to an exchange, I had no choice but to cancel the transaction, God damn it, I was only trying to sell a token that's worth 120$, what is Ethereum network becoming right now?
January 22, 2021, 11:24:33 AM
Bitcoin takes an average of 10 minutes to produce a block, and the transfer speed of Ethernet is obviously much faster.
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
Handling fee = transaction fee?Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
https://blockchair.com/bitcoin/charts/average-transaction-fee-usd
Use the above link to analyze the average transaction fee of bitcoin, ethereum nd any other network if you want on your own.
Ethereum network is much faster than bitcoin transaction speed but ethereum network is congested with useless tokens transaction which made the transaction fee of a transaction to be near $20 but with bitcoin it still stay in the $5 region even at the extreme traffic which is unlike in 2017 and people paid almost 55 dollars for a transaction.
January 22, 2021, 10:59:46 AM
Torn offer low fees because there is no congestion in that network and when congestion occurs the fees will start to increase.
Ether offers the best way to deal with a token, and if the fees increase, the efficiency is high.
With ETH ver 2, we may have low handling fees, and that may not happen.
bitcoin dosnot deal with smart contract not like ETHER.
Obviously Ethereum is a lot better than TRX because that is really not even a comparison but we are talking about 8-9 dollars for transactions these days, that is not really acceptable if you ask me. I would rather not have anything like this even with awesome projects if I can avoid it. Like if someone told me there is this awesome new project that is defi and based on eth blockchain, I try to stay away from it these days, I do not even check it, I literally do not care if it is the greatest project ever, I still do not check it because at the end of the day it is going to be clogged and horrible to move it around so why would I want it. Ether offers the best way to deal with a token, and if the fees increase, the efficiency is high.
With ETH ver 2, we may have low handling fees, and that may not happen.
bitcoin dosnot deal with smart contract not like ETHER.
It means I would rather spend my time investing into projects that either have their own blockchains, be on binance smart chain, or tron not because those are "better" but because those are cheaper and that is what I care about.
January 20, 2021, 01:55:04 PM
Paying 0.1 ETH on fees seem to be very common during 2017, but in today ATH, I bet many are paying 0.1-0.2 ETH on network fee alone, lightning network coming to ethereum?? Or soft fork.
January 20, 2021, 04:19:33 AM
Torn offer low fees because there is no congestion in that network and when congestion occurs the fees will start to increase.
Ether offers the best way to deal with a token, and if the fees increase, the efficiency is high.
With ETH ver 2, we may have low handling fees, and that may not happen.
bitcoin dosnot deal with smart contract not like ETHER.
Ether offers the best way to deal with a token, and if the fees increase, the efficiency is high.
With ETH ver 2, we may have low handling fees, and that may not happen.
bitcoin dosnot deal with smart contract not like ETHER.
January 19, 2021, 09:11:58 PM
I think that the matter is relative and varies from time to time, sometimes the fees for transfers on the Bitcoin network are higher and other times the fees for the Ethereum network are higher, but compared to the way it can be said that controlling Bitcoin fees is easier and transfers are faster compared to the Ethereum network, the transaction of the Ethereum network sometimes takes several days. To transfer to your wallet while there is no such delay in the Bitcoin network. You can also use the Bitcoin Lightning Network because it is the fastest and cheapest.
January 19, 2021, 11:14:28 AM
Unfortunately what makes ETH great is also the reason why it has a huge amount of fee and why it is not as fast as it used to be. Since ETH decided that it wants to be known for the blockchain improvements and since it allowed a lot of new projects to be on it, and back in the day it started with ICO craze and now goes on with the defi which made it not just one time thing but a constant thing? People use ethereum chain a ton and obviously that means fee got higher and higher.
I am not saying it would be impossible for ethereum to be cheaper again, there could be some developments and it could get cheaper, they are working on some new thing for example that will remove fee earning from miners, but it is totally understandable for a chain that was used so much to not be free neither, if you put ANY token that high usage, it will go up in price as well.
I am not saying it would be impossible for ethereum to be cheaper again, there could be some developments and it could get cheaper, they are working on some new thing for example that will remove fee earning from miners, but it is totally understandable for a chain that was used so much to not be free neither, if you put ANY token that high usage, it will go up in price as well.
January 18, 2021, 11:31:35 AM
speed alone is not important at all. security with speed is what everyone is looking for. when it comes to comparing the two blockchains, bitcoin is far more secure than anything else. and in ranking of coins in security ethereum is not even among top 100 simply because it is centralized and ETH protocol is riddled with bugs.
as for the fees, the transaction fees of ethereum network is a lot higher than what we have in bitcoin every day when compared byte by byte.
as for the fees, the transaction fees of ethereum network is a lot higher than what we have in bitcoin every day when compared byte by byte.
January 18, 2021, 06:14:09 AM
Fees are there to pay the miners who get your transaction to where it needs to go and the higher your fees is the faster is the transaction. If you will pay both for average transactions then it will be the Ethereum (not ETHERNET) is the lowest because of their current value in the market but I don't know how to convert it to RMB or to your currency.
January 18, 2021, 06:06:41 AM
Bitcoin takes an average of 10 minutes to produce a block, and the transfer speed of Ethernet is obviously much faster.
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
What's Ethernet? Is it Ethereum that you are referring to? or is it another coin? because it doesn't really make sense. if it's a new coin, then it's pretty obvious that it will have faster transaction because of the numbers of users, as 99% of the shitcoins out there is.
January 18, 2021, 05:26:22 AM
As of now tron is the only coin that has got the lowest transaction fee. When the demand keeps rising the priority in transaction confirmation also gets delay. When the usage increases more number of transactions takes place at a time. Here one who pays the high transaction charge gets faster confirmation than the one who pay the lowest transaction fee. Micropayments need to be supported, but it takes time for the same. When micropayments can be processed with ease, the network transaction fee can be seen decreasing drastically.
January 18, 2021, 03:20:54 AM
Ethereum was faster before few years back and lesser fees than bitcoin. Right now Ethereum is heavily congested and it takes huge fees for your transaction to be completed that's why it's now a downgrade of Ethereum. On bitcoin other hand has decent fees which okay for me based on my latest transactions recently.
January 18, 2021, 02:52:32 AM
Bitcoin takes an average of 10 minutes to produce a block, and the transfer speed of Ethernet is obviously much faster.
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
Which is the lower of the handling fee between the two (e.g. all converted into RMB)?Which has a lower handling fee in the long run?
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