Topic: Insane Gas Fees - page 5. (Read 1149 times)
Ethereum is too old, the architecture is absolutely not scalable. I don't fancy paying hundreds of bucks for my transactions.
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
When you try to claim, the transaction fee will show a lot, but it will not deduct that much. It will take much less than what is shown. You can try. However, claims can often fail. If you try two or three times, it will be done. And as far as I know, today is the last day to claim.Well, I better wait until further information from the DEGO Team, because they said they would change their smart-contract to BSC, where fees are cheaper and faster.
But, do you also take part in this bounty?
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 
are you for real right now? I know Ethereum transaction fees are crazy nowadays, but I didn't expect it to be this high, honestly have never seen any gas fee this high,this is way too much for just one transaction, are you sure it's not a mistake from the network, it could be because that's way out of the line, quit the page then maybe try it again later, even the gas fee is still this crazy, I heard you can now claim DEGO on BSC, here's proof : https://docs.dego.finance/modules/bsc/why-bsc It's hard to believe that your gas fees reach more than 3900$ 
try input gas fees manually by using advanced option, maybe it can help you to transfer your tokens. When this crazy gas fees increase normally I paid around 25-70 for each transaction, wondering how do you get that insane fees 
try input gas fees manually by using advanced option, maybe it can help you to transfer your tokens. When this crazy gas fees increase normally I paid around 25-70 for each transaction, wondering how do you get that insane fees The team said that they will review their smart contract and asked us to hold the token until further notice. They plan to change their smart-contract to BSC, where the fees are lower and faster. Well, this is a wise decision, but why not use BSC from the start, right? LOL
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.
That's why so many people are getting frustrated to see the fees, If you are exchanging more than 1k and that is still worth but for people who wanna try to convert less than 300 USD and that will never worthed anymore due to this non-sense fees. I wanna send a token that worth $30 and the fees was more than $100 a few hours ago. Day to day and ethereum fees become even crazy than before. No chance for small users to send their tokens.
this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
Welp I hope most of erc20 tokens also have other blockchain version like how USDT and BUSD got their tron version but that's impossible since they aren't stablecoin.Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
The only problem most of us erc20 and eth users face when it comes to migrating to other blockchain is the fact that our asset is like imprisoned to eth blockchain by the fee, the only thing left for us is to wait 4 months I guess.
That's not normal at all. Even my fastest transaction only cost like $20 compared to yours.
If you think you can use other platform, then do so because sometimes, Metamask eth gas fee is absurd. I you don't follow their standard fee, your transaction won't process at all.
what OP showed doesn't seem normal to me either. but 2 days ago when I tried to remove my liquidity from Uniswap it showed me the 3 Gas and the slowest one was $250. so I assume the GAS price is different for different things and tokens. removing liquidity from uniswap and sending a token are 2 different things.
maybe OP has some problem with his smart contract or something. otherwise, the fee shouldn't be that high at all.
All of you wants token price to be as high as possible, but transaction fee to be low as possible. Was it ever like this? Just drop ethereum price back to 200 usd and you will see good old <1 usd fees. Or am I wrong? With great money, that came to crypto, be ready to pay huge commisions. They will never be agains like years ago. Rich people or people that earn enormous money by trading, dont care if the fee is 1 usd or 100 usd.
Wait the gas decreased a bit, you can do it with half of it or cheaper. Check it this time, now its "really cheap" for you if you want to transfer your erc20.
~snip
I remembered that day when 90 gwei is already considered as cheap and not this ridiculous 120 gwei ~snip
. However, as I've observed the fee required for ethereum transaction varies a lot between time to time within minutes. maybe we can set current fee to 90 gwei because recent block also have that median fee but it doesn't guarantee that our transaction gonna get confirmed.
Wait the gas decreased a bit, you can do it with half of it or cheaper. Check it this time, now its "really cheap" for you if you want to transfer your erc20.
~snip
I remembered that day when 90 gwei is already considered as cheap and not this ridiculous 120 gwei ~snip
. However, as I've observed the fee required for ethereum transaction varies a lot between time to time within minutes. maybe we can set current fee to 90 gwei because recent block also have that median fee but it doesn't guarantee that our transaction gonna get confirmed.
this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.
However, the light at the end of the tunnel is already visible. About four months later, in July, as part of the improvements being made to Ethereum 2.0, we are already promised that the gas problem will be resolved,
and this time finally.
Ethereum Improvement Proposal (EIP) 1559 has been one of the most anticipated updates to the network since the launch of ETH 2.0 on December 1, 2020. The EIP must solve this problem of high gas prices, which is why everyone is so outraged.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
Not only you many of us here feel and experience the same issues, but all my altcoins are also stuck to my wallet I can't trade them because I'm not comfortable with the very high transaction fees, I already waited for a month now I guess I have to wait for more months until the fees are fixed, I just hope all my altcoins are still profitable to trade.
Wait the gas decreased a bit, you can do it with half of it or cheaper. Check it this time, now its "really cheap" for you if you want to transfer your erc20.
The amount of gas fees we currently have is really incredibly insane that you seems to be cutting of your potential profit for the sake of paying the needed fees for the transaction to make success. It is really awful at times like this that you cannot handle little amount of transaction for you will needed to take care of the gas fees that it will make you wait for a little longer if you do not have enough budget to sustain or fund the gas fee. Holding for a while is the best option we can all do if such transaction we are planning is not really that urgent specially if it just for personal use. But if it would be that important, prepare to at least spend because currently it is the reality we have.
Yeah, sure that's insane.
I will wait the right time for me to send those tokens wherever I want. I'll just skip the day and wait until the network's somehow free and will charge me lower fee.
But with that fee, it's not tolerable and it's the solution that I can think of. Skip the day and do something else while waiting for the fees to somehow drop.
I will wait the right time for me to send those tokens wherever I want. I'll just skip the day and wait until the network's somehow free and will charge me lower fee.
But with that fee, it's not tolerable and it's the solution that I can think of. Skip the day and do something else while waiting for the fees to somehow drop.
The team said we have to withdraw the token from the wallet until February 22, after this due date we cannot withdraw it. But seeing these insane fees I am quite upset now.
Verify that first if that's for real.
Because it sounds bad to read that after that you've said that it came from the "team".
this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.
I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.
I'm trying to unwrap my ETH on Uniswap and its not being able to do that even with a fee of over 0.0035 ETH which is over $6.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.
It is so disappointing knowing that you should pay for gas fees like that. It could buy you a new car with that price. I think.theres something wrong going out there with the platform you are using. It's not advisable to transact with such high fees unless you are talking about millions of dollars, but for just merely few profits you could get then it's a no. Id rather wait for decongestion than to suffer with gas fees.
I'm trying to unwrap my ETH on Uniswap and its not being able to do that even with a fee of over 0.0035 ETH which is over $6.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.
It is so disappointing knowing that you should pay for gas fees like that. It could buy you a new car with that price. I think.theres something wrong going out there with the platform you are using. It's not advisable to transact with such high fees unless you are talking about millions of dollars, but for just merely few profits you could get then it's a no. Id rather wait for decongestion than to suffer with gas fees.
You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.
Transfering a token requires further fees for ERC20 tokens. There is the gas price and gas limit. The gas limit for Ethereum transactions is 21,000. In order to transfer tokens gas limit depends on the smart contract and how it is written. I often come across 200,000 gas limit and perhaps the smart contract of this asset (DEGO) asks for a million or more.
When the gas fee you see in etherscan is recommended at $20 it means that moving tokens will require $100-$200 on an average. It depends on the smart contract features.
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
When you try to claim, the transaction fee will show a lot, but it will not deduct that much. It will take much less than what is shown. You can try. However, claims can often fail. If you try two or three times, it will be done. And as far as I know, today is the last day to claim. Jump to: