Insane Gas Fees - page 3. | Bitcointalksearch.org

plr

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Quote from: BIN-BIN on February 27, 2021, 04:09:21 AM

It better you do your transactions at the early hours of the day in that way you get a cheaper transaction fees in the entire blockchain and also less congested network which make you transaction fast

After a week I successfully sent my altcoins to exchange with a much lower fee, you really have to check from time to time, the best time to transact, there were times that transaction is even higher than your profit, just lucky hours ago that I finally sent my altcoins for only $2.50 it really takes a lot of patients.

chippy.hogan

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Dude thats insane tho! Maybe there's something you could do to lessen it? Have you tried asking some DEGO users or their team? Maybe they got a trick

iv4n

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Quote from: Jackl87 on March 01, 2021, 07:26:42 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.

Well, $6 fee is OK when we compare it with the $15 fee! But I still think it's too high! When we compare Ethereum fees and Tron or BNB fees, and not just fees, also the speed of transactions, Ethereum is in a bad position here! I think if they wish to maintain their top position they will have to find a way to keep transaction fees low and high speed of transactions!
It's Ethereum, it's big... we all know that, but if you need to spend $7to send $10 it can be annoying! And people will search for alternatives that offer the same but with less cost and higher speed!

Jackl87

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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.

matchi2011

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Buy $BGL before it's too late!

Quote from: Twinkledoe on February 27, 2021, 04:21:51 AM

Quote from: Farma on February 27, 2021, 01:16:55 AM

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this Cry

The high gas fees encountered by the OP is really unusual. I think there is something wrong with the network at the time of his checking. Never seen that high though. As others have suggested, check in the ethgaststation.info first, to know what is the current gas prices. Won't transfer the token if you have unreasonably high fees, expensive than the value of your tokens.

Pratcially right, why bother to transfer if you are going to pay much higher fees than the actual amount of your assets,
either token or ETH itself.

If the value is far bigger than the amount that you'll going to get no one in good mind will process this kind of transaction,
you need to wait or double check before proceeding.

shoreno

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why the send amount is zero in the pic ? did you mean it just to show only the fee to us ? but thats indeed a crazy fee for slow transfer and much more to medium and fast transfer but what really drives me crazy is that even if you send a zero valued transaction it will still cost you a thousand dollar fee lol wtf . by the way you arent alone with your problem but many people have this headache lately . now all we can do is to watch our erc20 coins value drop to a much lower price because we cant sell them on time even if badly want to due to this insane fees .

mezzaluna

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Bitloca on February 20, 2021, 02:13:16 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

This gas fees are placed within reason but of course, it is something that is placed because of the value of we are transferring can also be so high and fortunately, there is always a way to get lower gas fees but you need to wait for it within the day because this gas fees are also changing. This gas fee's change when Cryptocurrencies values change but one friend of mine told me that there will be window of opportunity during a day in which gas fees are lower than usual and we really cannot do anything about it and just accept the fact to move our cryptocurrencies at a slower rate.

Bitloca

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Quote from: Onika84 on February 25, 2021, 12:17:35 PM

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

Yeah for now several platforms use BSC to deal with high fees. They say that BSC is faster and has lower fees than Ethereum.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Farma on February 27, 2021, 01:16:55 AM

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this Cry

The high gas fees encountered by the OP is really unusual. I think there is something wrong with the network at the time of his checking. Never seen that high though. As others have suggested, check in the ethgaststation.info first, to know what is the current gas prices. Won't transfer the token if you have unreasonably high fees, expensive than the value of your tokens.

BIN-BIN

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It better you do your transactions at the early hours of the day in that way you get a cheaper transaction fees in the entire blockchain and also less congested network which make you transaction fast

badjacks99

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Yes being away from the crypto space for quite awhile, coming back to these crazy eth gas fees caught me by surprise. Not worth it at all for a small time trader, IMO. Moved some to a wallet on my phone and to move it would cost over $100 apparently? If i can be patient enough to recoup those loses, im running from Ethereum. Ive got alot to learn about it but these are expensive lessons.

arifteguhr

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Now the transaction fee is low, even under $ 5, there is a high probability that there will be an airdrop which makes the price increase quite high. like yesterday's Uniswap airdrop and also 1 inch which made the ethereum platform transaction quite solid. Besides that, the increasing ethereum price factor also makes an estimated increase. every day the gas actually goes down if you can find the right timing morning or evening

Farma

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Leading Crypto Sports Betting & Casino Platform

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this Cry

tygeade

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Quote from: ?? on ??

your complaint is the same as mine, I want to sell my tokens, and if I sell them I get $ 60 but the gas cost reaches $ 50, that's really really crazy, so I can only hold my tokens until the price really goes up. in order to cover the very expensive gas costs.

The alternative solution might be sending the tokens on another chain like TRC-20 but if the token supports that kind of transactions. I mean I was facing the same problem with some coins but the usage of TRC-20 chain solved my problems so it might help you.

Quote from: ?? on ??

if the token price really goes up, now if the token price has started to fall, then there is no story to sell it, moreover the gas costs also often go up rather than down, because the decline and increase will always be in crypto.

I am not sure because I haven't made recent transactions in ETH but aren't there accelerator for transactions just like they exist for Bitcoins? If so you can use very cheap fees for transaction and just use accelerators to get confirmations.

But overall it is quite crowded and I think people are losing interest in ERC-20 because of all the fees issues recently.

Kelvinid

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win lambo...

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.

DarkDays

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Quote from: ?? on ??

The ethereum gas fee is currently too high sometimes unbearable.We have been suffering from it since when the bull market started and prices of altcoins skyrocketed along with Ethereum.There is nothing we can do about it the best thing is just to wait and see what is going to happen soon.

The high fees are incredibly frustrating, not only that to get a coin you have to enter into gas-war (and possibly lose the fee with no token) but makes any transactions almost not worth while.

With average fees around 50-100$ makes Uniswap usage and just sending coins across the blockchain accessible to the rich. This is a grave problem, and Ethereum v2.0 needs fixing up (and fast).

disconnectme

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The gas price on Ethereum is crazy for now and I think people trying to sell their tokens during a dump was what cause the spike in gas price to that level, the cost of transacting has come down but not to the level we all want it to be, I am seriously waiting for Uniswap V3,if they fail to move to L2 solution, they are likely to be surpassed by other DEXs because people can't continue to pay this ridiculous amount for transaction fee

Galley

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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.

Lanatsa

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Quote from: chaoscoinz on February 25, 2021, 12:32:30 PM

For the Gods Unchained trading card game on the Ethereum blockchain, the in-game market is unbearable due to the insanely high gas prices. In order to buy a trading card which may cost a penny $0.01, Could have cost you $30 because of the exuberant fees. Luckily the game doesn't require the market in order to play, but still this has a very negative impact upon the games ecosystem. So, I really feel you pain, I also believe that the gas prices may or may not be the reason Eth hasn't mooned as much a Bitcoin has been.

Everyone does feel the pain because this doesn't only limit out for a few but rather as a whole specially to those who do engage up with small scale type of trades.

One of the hiccups that we are currently experience and also with that known bitcoin network too where fees are way too high for a very small amount that had been transacted.

Solution? ETH 2.0 maybe but lets see if this one will really be significant or would able to resolve out those problems and issues towards this matter.

laredo7mm

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Quote from: Onika84 on February 25, 2021, 12:17:35 PM

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

That fee showing in OP is for claiming bounty rewards for DEGO. Actually, the smart contract that was created for claiming DEGO was ended early so later on anyone tried to claim their rewards it shows an insane amount of gas fees. These insane fees are because of the fault of the smart contract, not eth network. Till now a transaction can be made below 50$ which is also high but not as high as shown in OP.

Topic: Insane Gas Fees - page 3. (Read 1149 times)