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Topic: this eth congestion sucks almost 5 hours (Read 469 times)

hero member
Activity: 2226
Merit: 610
March 03, 2021, 07:50:21 AM
#55
i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20...  eth sucks
Make sure the gas you set is in accordance with the current gas price.
Check here for gas prices: https://etherscan.io/gastracker
If you put the gas lower, it is certain that your transaction will be pending until the gas drops according to what you set.
sr. member
Activity: 1414
Merit: 326
i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20...  eth sucks
This is really bad news for their blockchain system but I think they will solve this problem very soon. It is the problem in their system for which the transaction is almost failing no work is being done even after sitting for hours for the time being it is better to stop the transaction by looking at another site.
hero member
Activity: 1526
Merit: 555
Devs should release eip 1559 without asking anyone. That would solve so much things going on with eth.
The dev wants implement EIP 1559 but the problem is miners are against it while we know that this solution can be activated when there will be an agreement between all of miners to upgrade its client. A very difficult way for the users of ethereum platform to see the implementation of this solution.
Miners are only taking the advantage from the high fees


Wonder why they are against it. I haven't fully gone through the proposal (EIP 1559) but it seems they are against because they probably benefit more from the current fee system (which clearly have problems) at the expense of the whole network/users.
Wish they have better solution that'll be acceptable to all network users/participants. Consensus should always be inclusive on truely decentralized system/network



The reason is pretty obvious, with EIP 1559 the miners fee are going to be reduced significantly, that's why the are opposing. It's boils down to business, that's why if their revenues are going to be cut, for sure many are going to raise concern about it.

So the revenue goes like this, from Miners->ETH stake holders. Millions if not billions have been generated by the biggest pools and they want to continue so this EIP 1559 proposal might take years to be implemented.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
Devs should release eip 1559 without asking anyone. That would solve so much things going on with eth.
The dev wants implement EIP 1559 but the problem is miners are against it while we know that this solution can be activated when there will be an agreement between all of miners to upgrade its client. A very difficult way for the users of ethereum platform to see the implementation of this solution.
Miners are only taking the advantage from the high fees


Wonder why they are against it. I haven't fully gone through the proposal (EIP 1559) but it seems they are against because they probably benefit more from the current fee system (which clearly have problems) at the expense of the whole network/users.
Wish they have better solution that'll be acceptable to all network users/participants. Consensus should always be inclusive on truely decentralized system/network

member
Activity: 420
Merit: 13
$CYBERCASH METAVERSE
i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20...  eth sucks
I hope ethereum team will fix this as soon as possible, many new and old projects are ignoring ethereum blockchain for bsc right now and their numbers are growing, this is indeed a bad news for ethereum, high gas fee is affecting it's growth and adoption
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Yes very frustrating, high gas fees and delayed transactions on ethereum network. I may say for now ethereum is only for rich whales and to those people who can afford the high gas fees but if you cant dont use ethereum because it will only end up to frustration and blaming the network. Hope eth developer solve this issues because if not time will come no one will use ethereum blockchain.
Now the fee is 100 gwei per gas which is quite "cheap" if compared to when the network traffic is on its peak but honestly it's far higher than other blockchain.
But to be honest, we here have no time of waiting ETH to increase its TPS and many people will try to find alternative to ETH but it's not gonna make people leave ETH because if they did, the fee will also decrease meaning the problem gone.
hero member
Activity: 2982
Merit: 610
Yes very frustrating, high gas fees and delayed transactions on ethereum network. I may say for now ethereum is only for rich whales and to those people who can afford the high gas fees but if you cant dont use ethereum because it will only end up to frustration and blaming the network. Hope eth developer solve this issues because if not time will come no one will use ethereum blockchain.
They should have to come up with a solution for this situation, otherwise, people will stepping away from ETH and ERC20 tokens. Huge fees are now is a concern for everyone, small investors and low capital traders can't move. Huge fees plus delays, it absolutely sucks and I don't think we need to suffer that, we'd rather have to find another way.

Might people now are hoping that the ETH price will drop and turn back to $100, $200 where the Gas fee is low and favorable for everyone. We are not happy anymore at this time.
legendary
Activity: 3108
Merit: 1029
What is the advantage of the eip 1559 so that you say that it can solve a lot of things that happen with eth?
You can read it through this link https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md
As far as i know that will give the limit for the high and low transaction. There will be a lot of things to be implemented on the EIP1559 and you can read the advantage of it from that link.
hero member
Activity: 3066
Merit: 629
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The question is, how can you increase if the fee if it will be more than the worth of your tokens transferred? Not really practical these days to transact under eth network. Better park for now. However, this is bad for those token holders that wanted to trade their tokens before the price deep dive in the market. I really hope eth will address this prob much earlier than their target timeline.
Not practical and in that case, you just have to wait until the network calms. If it's more than your token, you really won't have a choice but to wait until the dust settles.
For big transactions, you are delighted to pay a higher fee for your transaction to commence. Whilst for small amounts, you just have to wait until the fees get lower.
if you do not want to spend more money, of course, waiting is the better choice.
but ethereum GAS cost movements are actually moving quite fast. sometimes we need $ 6-9 or more for each ethereum token transaction. but at any given time we can see Gas dropping rapidly to $ 3-6.
but what I see is, even though the transaction fee goes down, we still have to have a balance of at least 0.01 ETH in our wallet to send the tokens we have. if we don't have it then an error will occur when we enter the Gas cost. or even when delivery occurs, our eth will only be lost when the transaction fails because the gas used is too small.
And that's why as you have said it's better to wait, the solutions are on their way, and the developers of Ethereum are already working on it to solve this massive fee problem that Ethereum is experiencing.
Before doing a transaction, make sure that you have enough fees and you're not paying more than the token that you're about to send.
full member
Activity: 896
Merit: 100
The question is, how can you increase if the fee if it will be more than the worth of your tokens transferred? Not really practical these days to transact under eth network. Better park for now. However, this is bad for those token holders that wanted to trade their tokens before the price deep dive in the market. I really hope eth will address this prob much earlier than their target timeline.
Not practical and in that case, you just have to wait until the network calms. If it's more than your token, you really won't have a choice but to wait until the dust settles.
For big transactions, you are delighted to pay a higher fee for your transaction to commence. Whilst for small amounts, you just have to wait until the fees get lower.
if you do not want to spend more money, of course, waiting is the better choice.
but ethereum GAS cost movements are actually moving quite fast. sometimes we need $ 6-9 or more for each ethereum token transaction. but at any given time we can see Gas dropping rapidly to $ 3-6.
but what I see is, even though the transaction fee goes down, we still have to have a balance of at least 0.01 ETH in our wallet to send the tokens we have. if we don't have it then an error will occur when we enter the Gas cost. or even when delivery occurs, our eth will only be lost when the transaction fails because the gas used is too small.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
The question is, how can you increase if the fee if it will be more than the worth of your tokens transferred? Not really practical these days to transact under eth network. Better park for now. However, this is bad for those token holders that wanted to trade their tokens before the price deep dive in the market. I really hope eth will address this prob much earlier than their target timeline.
Not practical and in that case, you just have to wait until the network calms. If it's more than your token, you really won't have a choice but to wait until the dust settles.
For big transactions, you are delighted to pay a higher fee for your transaction to commence. Whilst for small amounts, you just have to wait until the fees get lower.
sr. member
Activity: 1666
Merit: 268
Don't be too upset, because you are not the only one who has problems with ERC20 tokens transactions. Since DeFi projects hype and the price of Ethereum continues to rise, in addition to gas fees are getting higher. The transaction process is also taking longer, indeed the current alternatives
are BSC and ERC20 which can provide cheaper and faster transaction fees. We are all waiting for ETH 2.0 to be officially released soon, which can solve
the current high gas fees. Therefore, I decided not to withdraw the ERC20 tokens that I have now from my wallet, because of the high gas fees.
sr. member
Activity: 1204
Merit: 486
of course because at this time etherium began to decline rapidly and this made a lot of transactions that occur in etherium. because there are so many investors who want to buy because they are down and there are those who want to sell because they have already made a profit from their investment.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
Devs should release eip 1559 without asking anyone. That would solve so much things going on with eth.
The dev wants implement EIP 1559 but the problem is miners are against it while we know that this solution can be activated when there will be an agreement between all of miners to upgrade its client. A very difficult way for the users of ethereum platform to see the implementation of this solution.
Miners are only taking the advantage from the high fees
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
increase the gas fee on your transactions mate
The fees are a lot this time and others can no longer take it. Increasing the fee is really the solution to avoid stuck transactions but if it's a lot, you will feel bad because it shouldn't be that much.

by the way, if you want to cancel your transactions, i think a trick on this article will help you my friend
https://info.etherscan.com/how-to-cancel-ethereum-pending-transactions
Many days have passed, I think it's already confirmed unless he'll wait for it to be dropped by ETH network.

The question is, how can you increase if the fee if it will be more than the worth of your tokens transferred? Not really practical these days to transact under eth network. Better park for now. However, this is bad for those token holders that wanted to trade their tokens before the price deep dive in the market. I really hope eth will address this prob much earlier than their target timeline.
member
Activity: 548
Merit: 47
Devs should release eip 1559 without asking anyone. That would solve so much things going on with eth.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
increase the gas fee on your transactions mate
The fees are a lot this time and others can no longer take it. Increasing the fee is really the solution to avoid stuck transactions but if it's a lot, you will feel bad because it shouldn't be that much.

by the way, if you want to cancel your transactions, i think a trick on this article will help you my friend
https://info.etherscan.com/how-to-cancel-ethereum-pending-transactions
Many days have passed, I think it's already confirmed unless he'll wait for it to be dropped by ETH network.
sr. member
Activity: 994
Merit: 250
BabelFish - FISH Token Sale at Sovryn
i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20...  eth sucks

increase the gas fee on your transactions mate
by the way, if you want to cancel your transactions, i think a trick on this article will help you my friend
https://info.etherscan.com/how-to-cancel-ethereum-pending-transactions
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform

Really unfortunate, but that is the situation now. If we can't afford to pay high fees, then have to let it stuck on our wallet.

Or you can wait patiently and look from time to time when the gas is much lower you can use this tool to monitor the gas https://etherscan.io/gastracker or log in to your wallet or MEW, I have done it and it took me a week before I was able to send my coins to exchange, or you can wait July when Ethereum will try to resolve it.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
In the past few days, I also experience the same. Yeah, I keep waiting long more than 5 hours but still, it won't arrive and confirmed in the blockchain. Until such time it finally says, FAILed (out of GAS). But the problem is that my balance still deducted and I need to send for another ETH to increase the balance for the Gas Fee. Really disappointing but I need to do this as I need to catch the high price where my token can be traded.

Unfortunately this is what we have to endure as long as we have some erc20 tokens to transact, eth network has been a pain this days and I really can't wait to see a lasting solution from the team because if this continues to persist am afraid many people will suffer even more than we already are.
Really unfortunate, but that is the situation now. If we can't afford to pay high fees, then have to let it stuck on our wallet.
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