Topic: Volatile Gwei Gas Fees help! - page 4. (Read 600 times)
that's why you should choose the biggest or fast Gwei recommendation. just to anticipate if something happens like yours. a little more expensive but we can trade it right away. just wait and will also enter. but sometimes something fails if there is not enough gas and there is no drop in Gwei in the 11 hours you wait.
know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?
That depends on what kind of formula that already used by ethgasstation to calculate the fees, FYI if the ethgasstation could be taken the data for the latest gwei from calculating several blocks on ethereum chain and ethgasstation was taking the average gwei from a total of these blocks. When the new block will contain high gwei and the average gwei for the transaction will be getting changed too.
Can my transaction be stuck or denied if I set a gas fee that becomes too low now?
You can, as long as your gas fees are very low and the block will reject it. When will this gas price issue be fixed?
This problem will be fixed on the next update (EIP1559) but miners are against it and it may take a very long time to fix this problem. Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain 
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It's not possible, when you are sending low gas fees and that means the block will reject your tx and your coin will be going back to your wallet again. ?Can my transaction be stuck or denied if I set a gas fee that becomes too low now?
When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees
I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!
High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.
Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain ?
You can simply increase the gas fee now to avoid the waiting time and its an easy process. Just use the same transaction has and use the fastest recommended gas fee now the standard so your transaction will be confirmed in the next 10 mins and the previous one will be canceled.When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees
I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.
Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain
?Now only ethereum network, every POW network is under such risk and this is huge due to scalability issue on ethereum and already ethereum 2.0 is on the process so we can see no issue with transacting ethereum2.0 like now.
Can my transaction be stuck or denied if I set a gas fee that becomes too low now?
When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!
High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.
Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain ?
When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees
I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.
Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain
?
Even we use the 'recommended gas amount? It will still affect the volatility of the gas fee?
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I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all.
It does affect gas volatility in a way. Imagine thousands of transactions using the same recommended fee (i.e. 105) overwhelming the limited transactions that a block can accommodate. Someone who is impatient or an exchange will most likely try to get their transaction/s confirmed first by setting a higher fee (i.e. 110). That will have a domino effect. ~
I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all.
Even we use the 'recommended gas amount? It will still affect the volatility of the gas fee?
I am using Etherscan's gas tracker here: https://etherscan.io/gastracker for checking the gas fee before sending any ethereum transaction.
I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all. Currently, the gas fee on average and low got a very small gap.
I am using Etherscan's gas tracker here: https://etherscan.io/gastracker for checking the gas fee before sending any ethereum transaction.
I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all. Currently, the gas fee on average and low got a very small gap.
I also believe the recent price momentum of the market influence the mempool of the Ethereum network, some investors will definitely want to make a quick sale while some already buying but the transaction timespan is much and I believe that because gas details provided on the https://ethgasstation.info/index.php?curr=gbp site these days seems not to be accurate and the best Ethereum gas estimator site is https://www.gasnow.org/.
I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei
It is because the fall or increase of BTC that causes altcoin pumps or dumps. Furthermore, the block time of Ethereum is very short and the mempool of Ethereum can change faster than BTC mempool.When you broadcast your Ethereum or ERC-20 token transactions, the gas limit need to be set at high value.
Paying low fees in Ethereum - Gas Limit, Gas Price and Gwei
You can check recommended gas price and estimating waiting time https://www.gasnow.org/
Yes, it could be showing 100 gwei right now and quickly jump to 150 gwei. When there are some news or quick price actions (like BTC dumping), people can rush to do a swap or send money somwhere, which congestions the network. The block space is limited, so they need to fight betwene each other by increasing their fees.
Its like every 10 secs the fees are so volatile according to:
https://ethgasstation.info/index.php?curr=gbp
I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei
Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth
When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?
https://ethgasstation.info/index.php?curr=gbp
I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei
Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth
When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?
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