Insane Gas Fees - page 7. | Bitcointalksearch.org

ven7net

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Quote from: Bitloca on February 20, 2021, 01:13:16 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

You are right, high fees on the Ethereum network are insane, which prevents ordinary crypto users and novice and small traders from using the Ethereum network. Personally, I have a part of the tokens in the erc20 format and I cannot transfer them to the exchange, so I have to pay a commission of $ 10 or more. Perhaps for some, this is an insignificant amount, but for part of the crypto community, this is the money that they would like to have as profit, and not give it away for paying commissions. I believe that at the moment Ethereum does not have a solution to the problems associated with the high cost of commissions, and if there is one, then they do not use it on purpose.

ije07

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well in this case, I am also almost the same as the current OP problem but not that expensive. in the case of the OP it costs more than 1 ETH and it seems to me crazy. whereas i had some dego and made a withdrawal via the Dego platform for around $33, after the process was complete I tried to transfer to another address it cost fee around $27. I think this is ridiculous, and in the end I have to do that, otherwise I will lose heavily because I ran out of initial transaction fees. and until now I still don't understand that this coin is really costing me a lot. This is the first time I have seen coin withdrawals require such an absurd fee.

bison

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Quote from: ?? on ??

How come? have not written the nominal etherum yet, but already 1.6 etherum appears? That's bad, there must be errors because what I know for the gas price etherum is in the range of 0.001 for each transaction.

it was clear something went wrong. it couldn't possibly cost that much gas. I myself always look at transaction fees at ETH Gas Station. at least to be able to carry out transactions normally we have to set Gwei at 200. but the calculations that happen are constantly changing.

crzy

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Quote from: Saisher on February 21, 2021, 07:32:23 AM

Quote from: Little Mouse on February 20, 2021, 03:39:04 PM

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.

I agree with you here I have not encountered fees that go higher than $100, that's very insane, if this will continue all altcoins that we want to trade are stuck in our wallet as long as these fees are insanely high, I wonder how did it end with that huge transaction fees, it just doesn't make sense.

Something went wrong for sure but I also didn’t encounter such fees with a small amount of transaction. We know many are calling for the fees goes insanely high over the past weeks and I don’t know if this propaganda is just to lure many project to shift from ETH to BSC, let’s see the effect of this one in the market. Anyway, a lot of hunters are raising their concern about the higher fees on claiming their rewards with Dego and I think we can’t do anything about this, the traffic is too much and that’s why the fees are getting higher.

Saisher

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Quote from: Little Mouse on February 20, 2021, 03:39:04 PM

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.

I agree with you here I have not encountered fees that go higher than $100, that's very insane, if this will continue all altcoins that we want to trade are stuck in our wallet as long as these fees are insanely high, I wonder how did it end with that huge transaction fees, it just doesn't make sense.

Rexler

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Quote from: Bitloca on February 20, 2021, 01:13:16 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

That's one heck of a gas fee right there, this is probably a mistake try loading it again, there's no way a transaction can cost that much, the highest gas amount have seen recently is just about $100 not this insane amount $3900, not sure if it's possible for a gas fee to ever go that high, during the day I normally see gas fees at $30+ while at nights it somewhere around $20 to $16,i can't remember when last I saw eth gas fee below $10 after eth crossed $1000.

Shasha80

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With the price of Ethereum reaching $ 1900, it's no wonder gas fees have become so expensive. therefore if there is no urgent need I will not move
my tokens from wallet. Because there is nothing we can do but wait patiently for gas fees to drop. The problem related to gas fees has been
a very long discussion and there is no best solution regarding this matter. So from some of my tokens in metamask, I could not send them to
exchanges because of the high gas fees.

Cornia

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Quote from: _IRMAN on February 20, 2021, 08:44:20 PM

Don't make a claim, because you will only waste your ETH. Look at the discussion in the bounty group, many people fail in claims.

Hey, I think its not right. Some of my friends claim DEGO token without facing any problem. However, the claim of one or two is failing. Most of the people who are using Trust wallet are failing to make the claim. The chances of failing to claim using Metamask are very low. DEGO tokens now cost more than $4. Then why not claim? Although the transaction fee is much higher when claiming, $20-30 is required. Tomorrow is the last day to claim DEGO. Those who have not yet claimed who should claim.

so98nn

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Yeah something is surely wrong with that wallet. Lolz.
Looking at such fees people might just switch to another atlcoins which are way cheaper and has lowest fees. ETH needs a development team who will work on their transaction fees somehow. It is still unclear to me why take such huge fees even when the ETH network is upgraded since ETH 2.0 development. Why they don’t work on network congestion side ? If they do then network won’t get congested and they will not need to hike the prices. BTC is also going down like hell on the side of fees. If the king and queen act like this then soon they will loose the big portion of investors. Roll Eyes

torrantz

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I doubt it could go that high, maybe $30 but a thousand dollar? that could become a news headline or maybe there's something wrong with this DEGO token that causes it to use so much gas.
Otherwise just try to use other wallet because I'm sure that's error from your metamask.

DapanasFruit

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This is unbelievable, something must really be wrong to be charged with those astronomical gas fees to do a transfer of a digital asset under the Ethereum network. What can not be denied is the fact that Ethereum right now has become like a big insult to all of us crypto users and enthusiasts. Very insane and as of now nobody can say when this insanity gonna end up. Seems to me that we are dealing a very inefficient network in Ethereum and nobody can guarantee that Eth 2.0 can solve this problem by the time it is rolled out completely. No wonder a lot are asking if BSC should be the better choice compared to Ethereum.

akirasendo17

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what an insane gas fee, this is why binance chain, is where other holders transfer their tokens, this will make a big impact on ethereum, and what will the projects do, are they going to shift to smart chain? the way I see it this is what push binance price to go up, hope ethereum will make things better, soon

meanwords

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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.

steampunkz

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This kinda true because Try using uni swap to exchange token and you will see how big the fees are right now, This the effect of so many traders and people making transactions, I think there is time that fees are low too

aryana42

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Quote from: Bitloca on February 20, 2021, 01:13:16 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

What platform do you use to transfer the DEGO tokens? if you use the Ethereum platform, then obviously the transaction fees will be very crazy even you yourself will be surprised by this.

asriloni

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Quote from: ?? on ??

it's policy. You can't complain about it because we can't do anything to change it. Now what you need to build is how you can get multiple benefits from these benefits and can cover losses due to Gas Fees

It's not even a policy consider you can adjust your tx fees when you are using the advanced tab and I think that anyone able to put how much gwei and gas that they are willing to pay that.

OP, if you are encounter the problem and you could export your privatekey and try to open your wallet with another app like mobile wallet, MEW or mycrypto.
The formula that used by metamask totally non sense.
You must move from metamask to the another wallet.

It looks like you wanna claim your doge. Forget it and you will waste your money to pay the fees and it's not worth with your total dego token worth in USD or ether.
If you wanna send a personal tx and move from metamask.

_IRMAN

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Quote from: Bitloca on February 20, 2021, 01:13:16 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

Hmm, is that DEGO from bounty right ? I also have it, but it hasn't been claimed yet.
Don't make a claim, because you will only waste your ETH. Look at the discussion in the bounty group, many people fail in claims.

kevinzxz

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Quote from: Bitloca on February 20, 2021, 01:13:16 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 is very unnatural for gas fees, because you pay very expensive gas fees just to send DEGO, therefore now I prefer to use binance smart chain than Ethereum and invest in altcoin that are on binance smart chain (like BAKE, CAKE, BERRY), because the transaction fees using Binance are very low and besides that the prices of altcoin on binance smart chain will definitely increase very high, that's why I prefer to use binance smart chain instead of using Ethereum for now.

Inkdatar

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There are so much complains about spending gas fees on ethereum that cost higher than the amount that you are going to sell. Checking in your screenshot I don't think it costs more than 1 eth, might as well to review the transactions since it happens in the network failed or error. This is also the problem I'm facing that I can't transfer my wallet because of this expensive fee.

Bttzed03

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Quote from: Danslip on February 20, 2021, 04:27:49 PM

~ In my opinion, you have adjusted fees to the maximum and the insane fees appear on the transaction processing screen. Change it to a minimum and try again.

Mate, check the screenshot again. The settings were on Basic and low fee was at 1.3 ETH with 2.3 ETH as fast. Unless OP edited the image, what appeared there seems legit or maybe a glitch in the wallet as pointed out by @shinratensei_.

Topic: Insane Gas Fees - page 7. (Read 1176 times)