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Topic: Insane Gas Fees - page 2. (Read 1195 times)

jr. member
Activity: 316
Merit: 1
i love turtle
March 05, 2021, 11:14:05 AM
i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

We can't do anything about high gas fees. Vitalik said that he will launch Ethereum version 2.0 to solve this problem, but until now we haven't heard anything about Ethereum 2.0.
legendary
Activity: 2394
Merit: 1632
Do not die for Putin
March 04, 2021, 02:01:41 PM
No doubt the Ethereum network is super-clogged as of now. There are a number of projects that require the execution of smart contracts to distribute earnings, tokens or the execution of DApps that are currently thinking on moving to some less cool and distributed networks to others such as the Binnance chain that are private but terribly gas and cost effective.
hero member
Activity: 2828
Merit: 611
March 04, 2021, 01:58:07 PM
3 days ago ethereum's transaction fees have decreased but it seems that today it has increased again. 3-5 $ calculation for the current transaction fee. indeed this is "expensive". If the value we send is small and for Dex trading, especially Uniswap, if our capital is not large, I think this will only hurt us in transaction fees. Transaction problems have become a problem when Ethereum has increased and transactions are also congested
The reality is that if you are dealing with one coin that as a very low LP that means you could have as much as 3000 dollars and it wouldn't be impossible. You are not just paying the gas fee there, you are also paying the swap price as well. If this gas fee is not for anything like that, like it is only for sending money somewhere, obviously it is just a mistake because sending money somewhere never costs that much no matter what you do, even on the peak points it never was anywhere near those levels, so it means this must be swap.

Otherwise it makes no sense, and in swap there is no limit, you could pay 100k as well for swapping, not that anyone would agree, but it all depends on the coins ecosystem and if it is good it is good if it is bad it will charge you a lot, as long as there are providers the price will get lower and lower so that someone wins, but when it is few they make up whatever they want.
full member
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
March 02, 2021, 12:01:53 PM
i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this
full member
Activity: 552
Merit: 107
March 02, 2021, 11:09:20 AM
I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad
On one side of view, ERC-20 tokens are unable to send or move for its transaction cost. But we are all here to take opportunities from every situation. We shouldn't transfer ERC-20 tokens when the price of Ethereum is so high. During the dump price, your tokens are sent to centralized exchange. Time also defend, send tokens during the 5AM-10AM of UTC 0 time.
I have been informed couple of sources that in the early morning gas fees comes into reasonable. I have not encountered any transactions yet but will try this asap as I have some erc20 token to cash out. I just waiting a perfect time to minimize the gas fees.
sr. member
Activity: 882
Merit: 253
March 02, 2021, 10:53:35 AM
It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time. I am checking ethereum fee almost everyday from https://etherscan.io/gasTracker .  I never seen 1 eth+ transaction fee. I think, That's platform complete more then one transaction for confirming full process.
Yes, it's not normal unless you want to have fast transaction and have large value of asset to transact. Gas fee in ETH is really crazy and I try to send some $100 worth of ETH and the gas fee is almost 20% of it. I ended up converting my ETH to Binance Chain so that I can have less gas fee to use to transfer my token. Ethereum need to fix it and need to lower they transaction fee and even in our local platform increase their transaction fee not even increase the speed of the transaction.
jr. member
Activity: 316
Merit: 1
i love turtle
March 02, 2021, 10:42:28 AM
I have seen that in the past two days the gas price has been below 100, even though the ETH price has experienced a correction, I have not seen a panic sell which makes gas rise like crazy. This is exciting news for minor players.

I usually make transactions during the day, usually at this hour the gas fee will be lower because the trading activity is not that massive in the market.
jr. member
Activity: 378
Merit: 3
March 01, 2021, 08:18:51 PM
gas fees these days are really really expensive, i also cannot sell my morph because of the gas fees,
so for now, i think i might have to hold my morph, and expect that morph can go to $3 again,
lets hope that the gas fees will be decrease soon
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
March 01, 2021, 06:06:39 PM
It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time.
Im sure that's a bug from metamask, the smartcontract itself will never ask for the gas fees but this is still possible. The dego developer already made awareness about this and almost all hunters were not able withdrawing their doge token. It looks like this is not about metamask that was doing the wrong calculation but the smartcontract has been giving wrong information about the calculation for the gas based on the network's data.
Sometimes metamask was also doing the wrong calculations for the gas fees too.
full member
Activity: 523
Merit: 100
March 01, 2021, 03:10:06 PM
I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad
On one side of view, ERC-20 tokens are unable to send or move for its transaction cost. But we are all here to take opportunities from every situation. We shouldn't transfer ERC-20 tokens when the price of Ethereum is so high. During the dump price, your tokens are sent to centralized exchange. Time also defend, send tokens during the 5AM-10AM of UTC 0 time.
legendary
Activity: 2982
Merit: 1485
March 01, 2021, 12:22:22 PM
This is one of the most requested fee for a transaction I've ever seen. I hope you didn't do that transaction. Smiley
ETH network fees are too high for months and they do nothing about it. Clearly they are taking that advantage and miners make money more from fees than mining itself.
Luckily we have new networks that have very low fees and that make people to realize they don't have to rely on Ethereum only. Market is too big and healthy competition is good for whole crypto-currency community.
full member
Activity: 1026
Merit: 110
Need Bounty manager ? Contact @repear71
March 01, 2021, 12:00:21 PM
It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time. I am checking ethereum fee almost everyday from https://etherscan.io/gasTracker .  I never seen 1 eth+ transaction fee. I think, That's platform complete more then one transaction for confirming full process.
jr. member
Activity: 121
Merit: 2
March 01, 2021, 11:39:30 AM
Oh my GOD, its really very high. Unfortunately The gas fee  is too high and we can't control it. The problem is with everyone. It's not like it's with anyone, so we have to put up with it. I hope this issue will be resolved in the next few months
jr. member
Activity: 316
Merit: 1
i love turtle
March 01, 2021, 11:16:43 AM
That was the problem with the most right now, they can't move their ERC20 token because of the huge fees. If you are moving a huge amount of money, maybe that could still compensate you in the end but if that is just a small amount, that is really insane. Maybe we don't have to force it.

For your case, I'd rather not move it. The fees are not really acceptable and that be considered a loss on your end.

Yes, before this I made a transaction worth 1K USD with fees of up to 150 USD. I processed the transaction because it was worth 1K USD even though the fees were high and it took a long time to process. However, if the value is small, I prefer to hold it until the fees are normal.
jr. member
Activity: 316
Merit: 1
i love turtle
March 01, 2021, 10:11:52 AM
This is a really unrealistic price per transaction, a few days ago I withdrawn DEGO to my wallet, and it cost me $ 30. And this price is too high. With such a fee, new projects will refuse to use the Ethereum network, since there is an alternative in the form of BSC.

As I said before, the DEGO team said that their smart contracts expired sooner than they thought, resulting in very high fees. Now they are thinking about changing their smart-contract to BSC which is claimed faster and has lower fees. If you join the DEGO telegram group, surely you know about this problem.
legendary
Activity: 1974
Merit: 1150
March 01, 2021, 08:54:52 AM
Gas price are still quite high at present and will probably remain the same for some time to come. Meanwhile, the Ethereum price correction in the last few days has not at least increased the gas price and as far as I know it is still in the median of 100-110 Gwei for standard.

Most bounty hunter complain about the high price of gas. This is of course because they quite often make erc20 transaction to the exchange where they sell the token from the bounty. Meanwhile, because of the high cost of gas, it will make them refrain from transaction if the total price of token or coin is not proportional to the transaction fee.

it just looks really crazy.
Yes, but only for day trader who may have small capital. If the total price of token sent is around $1000, then I think the $5- $10 fee is not a high fee.
hero member
Activity: 3010
Merit: 666
March 01, 2021, 08:52:42 AM
I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .
it just looks really crazy. whereas for today I just made a transaction with $ 5-6 per transaction for ethereum tokens. I avoid transactions at night because most of the increase in transactions occurs during the day. when the morning the transaction costs decrease.
I didn't notice that, or maybe you are a lucky person who sends ETH at lower gas fees because every time I check on the fees, it is incredibly high and not really fair especially when you are just moving a small amount. Sending $100 worth of ERC20 tokens and we have to pay $9-10 for a fast transaction and so we don't miss the price, I actually do that. Yeah, really sacrificing but have no choice, we need to move it rather than waiting for the price to dump.
member
Activity: 672
Merit: 10
March 01, 2021, 08:39:53 AM
I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .
it just looks really crazy. whereas for today I just made a transaction with $ 5-6 per transaction for ethereum tokens. I avoid transactions at night because most of the increase in transactions occurs during the day. when the morning the transaction costs decrease.
hero member
Activity: 1820
Merit: 747
March 01, 2021, 07:04:10 AM
I just sent a ERC-20 token transaction and i "only" paid  6.66$ fee and it went through in under a minute so i would say at the moment the fees are ok. Still high but at least ok.
I also have to say that i did my first BTC transaction a few days ago when i did a withdrawal from an exchange and that transaction took almost 12hours to get through and the fees were also around 6$.
So far i only did ETH transactions and therefore i really wasn't used to transaction times this long. So ETH isn't that bad after all.  Smiley
but, in fact GAS is so big these days, even people want to move to BSC. Well, maybe in the last few days GAS has decreased and is quite cheap, but based on the pictures that TS sent, it really is a very large fee. I also wanted to send coins, it's just that the fee at that time was more than $ 10. I think it's a high price for 1x transaction
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
March 01, 2021, 07:02:16 AM
I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .
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