Topic: I'm scared of ethereum gas fee - page 3. (Read 1903 times)
It will reduce with time, guess the gas fee went up because of the current defi hypes and uniswap exchange aswell. With time ethereum gas fee will surely reduce.
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
That's kind of unrealistic gas fee. I don't think the Ethereum network congestion can reduce with time.
That's even below my average earnings in trades back then. Only thing we should worry I think is the speed of transaction instead of the fees that are being paid.
Gas price has been stuck over 51 Gwei for over a month, I don't know when it will return to normal. It means you need to pay 1$ each token transaction, such fees are really huge when you do a lot of microtransactions or do farming.
I don't think there is anything to be afraid of. The same has happened for CryptoKitties in the past. Such densities will help the Ethereum to develop over time, and it should be noted that Ethereum is still improving.
The fear is that this fluctuating gas price will cause no adaptation from the community because of this uncertain cost, I am not afraid of the nominal amount of ethereum transaction fees, but I am scared of its instability.
Gas is much lower now compared when the DeFi is on its hype my last transaction 5 days ago only cost $1.25 I pick the cheaper in my option and was confirmed after 3 hours not bad if you are nor in a hurry to send your token to another wallet, you just have to wait, sometimes the lowest is at $2 sometimes higher than $3 when DeFi is on its hype it sometimes cost $15.
I also think so, if the ETH price continues to rise, it is likely that eth gas prices will also continue to rise.
when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.
Maybe you don't need to worry about transaction costs if you follow up all of the features of Ethereum 2.0. This development must have capabilities to manage the next few transaction confirmation. We don't know the maximum supply of Ethereum but the new supply is decreasing when TPS is increasing in the next beacon chain. Although when blockchain users are available transaction costs must be increased. TRC-20 USD withdraw cost is zero but ERC-20 USD cost is 4. when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Eth transaction seem normal now however for me its still high at 50 gwei. Eth users are not enjoying to use the network anymore except for the miners where their earnings skyrocketed. I hope the Eth 2.0 will solve the issue or else people will slowly stay away from Ethereum network. I don't think the Ethereum network congestion can reduce with time.
I don't think there is anything to be afraid of. The same has happened for CryptoKitties in the past. Such densities will help the Ethereum to develop over time, and it should be noted that Ethereum is still improving.
If you are afraid of the cost of ethereum gas, it is better if you store ethereum on an exchange so that you are not exposed to gas fees, it is better because ethereum gas is still unstable and it is true that gas costs always fluctuate every time this really causes problems for the current ethereum blockchain users.
It is risky to store your balance on an exchange. Even though you are avoiding the cost of ethereum gas, you cannot avoid the risk of losing all your ethereum if you store it on an exchange. I think it is better to pay transaction fees or the gas instead of risking all your money.storing crypto currency assets is better in private wallets, because the level of security is much higher, hackers cannot be prevented.
And Hey look!, Ethereum Gas on Etherscan is showing at 30 Gwei, looks like Gas has gone down, and why are you scared?
If you are afraid of the cost of ethereum gas, it is better if you store ethereum on an exchange so that you are not exposed to gas fees, it is better because ethereum gas is still unstable and it is true that gas costs always fluctuate every time this really causes problems for the current ethereum blockchain users.
It is risky to store your balance on an exchange. Even though you are avoiding the cost of ethereum gas, you cannot avoid the risk of losing all your ethereum if you store it on an exchange. I think it is better to pay transaction fees or the gas instead of risking all your money.storing crypto currency assets is better in private wallets, because the level of security is much higher, hackers cannot be prevented.
And Hey look!, Ethereum Gas on Etherscan is showing at 30 Gwei, looks like Gas has gone down, and why are you scared?
That is true, everyone is just scared of the whole thing and it really gives concerns, and not only that, it discourages as well. Imagine having a transaction to do on an exchange like Uniswap and the fee is high, you will feel discouraged and might end up missing an opportunity. But yet, I tend to believe all will be sorted out with time, most especially with the forthcoming upgrade, the issue of the high gas fee will most likely be settled. Also, funny enough, the high gas fee do not seems to affect the Ethereum ecosystem hence showing that people have come to trust it massively while believing the team to fix everything.
Just a little addition, for withdrawals like USDT, using TRC-20 chain is better because it comes with no fee.
Just a little addition, for withdrawals like USDT, using TRC-20 chain is better because it comes with no fee.
I also think so, if the ETH price continues to rise, it is likely that eth gas prices will also continue to rise.
when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.
when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.
Everyone also has similar issues with the withdrawal fees for Ethereum. Moreover, sometime,s the withdrawal fees of ERC20 tokens are higher than the nominal of the token price amount if sold. or it is about 50% of the amount is the fees. It is wow and if it still continues, many people will have trouble. And in fact, because of the higher fee increase of ERC20 token and ETH, several services that sell gas fee for ETH is closed. As what I experienced in my country. I cannot buy the gas fee in a service because they no longer provide gas fees due to the very high fees.
But now, it seems start decreasing.
But now, it seems start decreasing.
Now the price of transactions on the Ethereum blockhain has dropped very much and this is of course very good, I don’t know why this happened, but we all waited for this for a long time and I hope that in the future the price of transactions will only fall, otherwise, few people will want to pay for a transaction 20-30$, it is also expected that Ethereum 2.0 will solve this problem, so we are waiting for the release of Ethereum 2.0.
The recent increase in ethereum gas costs has been a problem for users, especially for me, I have several tokens from the bounty proceeds and want to move them to my mobile wallet but the delivery costs are more expensive than the token value.
It is sad truth and we all are in similar positions right now. However, since uni hype settled down so did eth fees, thus you can now trade and exchange more freely, you just got to keep an eye on gas tracker - fees are quite comfortable at some days and/or time of the day.
They went down? Let em check. Fro today Etehreum fees are $2. Lets say sudden price increase x10 as a lot speculators expect. Then we get $20 fees. And what if at that moment come some new DeFi hype? Fees will be $200?
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What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. with time.
first off , two thousand dollars is already too good to be true on etherium . people before were wishing for a new revolutionary price for etherium but that did not happen and for the record eth gains were stop at 400 dollars but at that verry small price the fee were already scary . being scared sounds wierd but this is the truth that are happening now not only in eth but to btc also .Quote
I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce
holy shet 2 gwei? that year must be 19forgotten . thats the time where eth price is under a dollar . theres no congestion with that fee back time but now theres a congestion even with a bigger fee I don't think the Ethereum network congestion can reduce
i'm sure they'll find a solution to this problem so don't worry too much.
especially if eth 2.0 is released, maybe the problem of high fees will end soon.
but if you feel ethereum gas is too expensive, you can look for alternatives.
many options that you can use with cheap gas fees.
All we have to do for this problem is to find other options since ethereum gas fee is really expensive these days. That’s were waiting to happen the launch of upgrade of ethereum that fees will be reduced at least. This situation was already happened before so in the meantime, we may wait for the upgrade or go with the fees. especially if eth 2.0 is released, maybe the problem of high fees will end soon.
but if you feel ethereum gas is too expensive, you can look for alternatives.
many options that you can use with cheap gas fees.
The ethereum Gas fee is so expensive now because of this so many bounty hunters of altcoins that they should not sell their altcoins obtained in altcoins bounty or airdrops because if it is still low the price of their coin they can hold first hold for a long time because if the price of their hold coin is high they can sell it because eth eth eth gas is expensive now it is too high or expensive bitcoin price.
There have been improvements for gas, compared to when it was early a few months ago although it is not at all satisfactory, because obviously with eth gas that is currently happening it will be difficult for anyone who gets altcoins to exchange because the costs are high and the results are not worth it. so that many altcoins are held and even become worthless because the exchange does not accept to be traded anymore.How long there will be changes and returning to the past cannot be predicted besides there are indeed other alternatives to replace them.
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
It has happened several years ago where the price of ETH has increased then the cost of gas is also fairly expensive, so until now this problem has not been resolved and ETH is still the prima donna in the crypto world while like ETH is still not ready to have a high value in the future , there are a lot of things that need to be fixed, especially this gas cost problem, it looks like people are waiting for ETH 2.0 to be released soon and they haven't really released it yet, so waiting for it to actually be launched I don't think the Ethereum network congestion can reduce with time.
The recent increase in ethereum gas costs has been a problem for users, especially for me, I have several tokens from the bounty proceeds and want to move them to my mobile wallet but the delivery costs are more expensive than the token value.
It is sad truth and we all are in similar positions right now. However, since uni hype settled down so did eth fees, thus you can now trade and exchange more freely, you just got to keep an eye on gas tracker - fees are quite comfortable at some days and/or time of the day.
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