When ETH GAS Price will stable? We paid 33.74$ GAS price for 10$ token transfer. - page 2.

Mkmanik

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

NO one knows when the ETH gas price will be lower. If you want to do a transaction on the Ethereum network you need to pay the fees, There is no alternative. Only for fees, I am doing very few transactions with the ERC20 network. Most of the time using Binance smart chain for regular use, Also using Tron blockchain for stable coin transactions. Only for high fees, most of the people looking for an alternative to Ethereum, Polygon(previously Matic)solving this problem now. Polygon is already able to cross Ethereum as a Daily active user. I Hope the Ethereum gas problem will be solved in the future, but when! no one knows it. We just need to wait to see the progress of the Ethereum developer. Till now we can use other Blockchain, Binance and Polygon is best to me.

smyslov

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Quote from: Cornia on October 06, 2021, 12:27:25 PM

You should always check gas fee before make a transaction. You can check ETH gas fee here https://etherscan.io/gastracker.

This is the pick hour. ETH gas price is less on 4-6 Am (UTC 0). If you do the transaction at that time, you can do the transaction at a much lower fee.

Much lower price but not cheap price like they used to, the lowest price I've transacted was $4 from my $15 transaction from one of the tokens coming from the airdrop.
I missed the time when I can transact huge amounts for pennies, this is what makes Ethereum great then, now Binance smart chain is taking over the place of Ethereum when it comes to cheap prices in a smart contract.

rhomelmabini

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It's not new to be honest, you can check https://ethgasstation.info for recommended gas price for every transaction you might do, always go for the normal one. Besides, why would you pay that gas price with huge compare to what you're getting? You should have been more patient enough to wait if you could move more ETH or just let it stay for awhile on where it is seated. The only solution we have right now as a hope for this gas fee on Ethereum is the ETH2.0 and that's a fact if it will be implemented.

Quote from: Dewajuna09 on October 08, 2021, 07:31:53 PM

Ethereum gas fees will remain expensive as long as Ethereum prices are high. considering many token projects that use the ethereum network. maybe one day the gas fee will be normal and cheap if many token projects migrate to other networks such as BSC or Solana.

Not for long until ETH2.0 is live, all this Ethereum killers will be flipped if that happens, the gas price is purely the effect by these DeFi projects.

Dewajuna09

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Ethereum gas fees will remain expensive as long as Ethereum prices are high. considering many token projects that use the ethereum network. maybe one day the gas fee will be normal and cheap if many token projects migrate to other networks such as BSC or Solana.

RealMalatesta

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Quote from: so98nn on October 08, 2021, 12:20:37 PM

I am wondering why ETH is still so popular and gaining value every time and every quarter tbh. With that statement I also like to point out that ETH is widely used over different gambling sites and commercial transaction due to the fact that it’s unlimited and supply is huge.

I see so many threads regarding its fees and still ETH is always on top of everything. Not sure if we discussed this earlier but I see that ETH has got some good shots at everyone.

They said ETH 2.0 will be new era and here we are still fighting for the lower fees.

ETH is the one with the biggest ecosystem which is why it also gets the most money as well. There are billions of dollars in ETH right now, people hold literally tens of billions of dollars worth ETH right now. So when you have the option of simply holding your ETH in your wallet and do nothing, or invest it into the ecosystem and make it bigger, then you pick investment.

At least most people do that. Not like other chains do not get the same thing, but they are simply not as big as ETH because ETH is second ranked. Believe me if Bitcoin blockchain had this kind of setup, they would have gotten a lot more investment than ETH as well. So, it is about providing something to the world, if investors prefer it then they would be doing something good, if they do not prefer it then they will just not use it but there is too much money involved to ignore it.

so98nn

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I am wondering why ETH is still so popular and gaining value every time and every quarter tbh. With that statement I also like to point out that ETH is widely used over different gambling sites and commercial transaction due to the fact that it’s unlimited and supply is huge.

I see so many threads regarding its fees and still ETH is always on top of everything. Not sure if we discussed this earlier but I see that ETH has got some good shots at everyone.

They said ETH 2.0 will be new era and here we are still fighting for the lower fees.

Questat

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

This was the biggest question for Mr. Vitalik. Were supposed to think that it's lower down after the hard fork but seeing no change happens and the gas fees rose up even higher. Now, most of us are disappointed with such unacceptable fees, to move worth $10 token and will pay $33, it doesn't worth it.
I'm not sure if the team had already address this issue as this was been a problem for 2-3 years. I'd never a find solution if we continue using this platform and it becomes hopeless. And Mr. Vitalik can't blame investors to leave out from using ETH and look for another platform that it helps from saving a few bucks.

Yudhisthir

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

That's why everyone are moving out of Ethereum tokens. I used ethereum blockchain only to transact ethereum, for everything else, theirs Binance smart chain and Polygon. I'm also thinking of joining avalanche and solana for games and NFTs. No one should issue a token in Ethereum chain as of now as it would make it impossible to transact. There are instances where I have some $100 dollars worth of ERC20 token but depositing some ethereum and withdrawing it would be more costly than the price of the token.

Renampun

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

This is nothing new and has been discussed for a long time...

Last year, what caused the gas fee to be high was because of the high transaction at Uniswap and this time what made the gas fee high is the high transaction at Opensea. If you don't want to lose a lot, then don't transact with ERC-based tokens.

nimogsm

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Quote from: Cornia on October 06, 2021, 12:27:25 PM

You should always check gas fee before make a transaction. You can check ETH gas fee here https://etherscan.io/gastracker.

This is the pick hour. ETH gas price is less on 4-6 Am (UTC 0). If you do the transaction at that time, you can do the transaction at a much lower fee.

You are right, depending on the time zone, you can catch the moment when the price of gas is cheaper, in my region it is earlier in the morning. A couple of times I had to get up early in the morning to send several transactions, since the prices are just crazy during the day.

asriloni

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There will be no time when the gas will be stable. that's the weirdest thing that I have ever heard this time. You must understand how etherum network was working. it seems like you know nothing about the mechanism of ethereum network.
The gas will be going up or down but the saddest thing is this time ethereum fees never go down as it was getting stuck on a few dollars for a single ethereum transactions and two digits bucks for altcoin transactions. I know that small traders were feeling frustrate caused by that. This problem can be solved once miners will be approving a new proposal that lets forking the network to increase the capability of transaction per second. I m also feeling frustrate to use ERC transactions again. So many people are feeling angry caused by that. I just wanna know how long this garbage chain will not try to solve its problem. Expensive fees with long confirmation

Rengga Jati

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Wow, for me, it is a high fee. And I will commonly prefer to check and re-check again the gas fee before doing the transaction, sometimes, the gas is going down at a certain time(maybe when the transaction is a little bit decreasing).
Well, except that we need them in hurry, we don't have any choice. Moreover, if we choose the low transfer, it sometimes will take a much longer time and sometimes getting failed.

However, if asked about can the ETH gas be stable? For now, no. Because we know that the gas fee will be always changing even in only several seconds. It depends also on one of them is because of the high crowds in the transactions. The price of ETH is also really influencing to the gas fee.

lalabotax

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I am not sure that the price of ETH will be stable or flat at a certain rate and will not be high again. Except the Ethereum 2.- has been released officially and developed significantly. So far, we have been experiencing a very hard situation when going to transfer the ERC20 tokens, it really needs high fees. We cannot see the good thing done by ETH right now.
Some months ago, the gas fee was decreased and I found it under 10 gwei. But only one month later, it changed drastically and turned into more than 50 gwei and hundreds.

JeffBrad12

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

What do you think, is there any possibility for ETH GAS price will stable?

There's no possibility for the gas to be stable and it's being controlled by average transaction in the network. I meant network will calculate how much standard gas is for the average transactions. It will never be stable forever. Ethereum network has very small TPS compared with another new blockchain and this is the problem. The gas fees will never be going back again to the low fees. it will still remain high fees and when the price of ethereum was increasing even higher than before and this is making the gas fees is also increasing too. Ethereum developers were the only party that can fork the blocksize to help ethereum. Ethereum may not possible to be massively adopted and second layer solution was just a temporary solution but this is also stealing demand from the ethereum itself. I think that you're aware of if the second layer was not always the solution. increasing TPS should become the main target that must be achieved in the next year.

milewilda

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

You could always check out here first before making any transaction.
https://www.gasnow.org/

This is one of the problem on erc20 where gas fees is way too high but there are moments or times which gas are low.
The only option for you is to wait until the network is not congested.

Jawadu

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This is the only reason that makes me hate Ethereum! ETH is a good coin but the only problem with it is the transaction fees. I have some ERC20 tokens in my Metamask wallet they are worth like $100 but I can't withdraw them because I don't have enough ETH to pay the gas fee, the worst thing is that it will cost a lot of money if I transfer ETH to Metamask from my other wallets.

Fivestar4everMVP

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Quote from: tr3zor on October 06, 2021, 12:20:04 PM

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

Right now, am wondering why you did this transaction in the first place knowing fully well that the fees are way more higher than the token itself.
I personally have some few tokens stuck in the Ethereum blockchain which I would never bother moving or selling if the fees continues to stay this high, why would I have to spend over $33 usd to move and sell a token worth $10 usdt all together? That's a very big loss and am still wondering why the op did that transaction.

seleme

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There is no option except to follow the GAS fee and sending transactions when fees are low. Otherwise, you are supposed to pay an insane fee regardless of the amount. It is the worst side of sending a small amount worth of tokens, you have to pay the same amount to miners for processing it. Better wait for the perfect time before sending it and use lowe Gas fee to save the commission. Another alternative option is to use Telegram bots to get latest info and use the best time for processing transactions.

King Raymond

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Few days ago i made a transaction on ethereum blockchain, sad to say it cost me over forty dollars. Today's cost is hovering at 30 dollars. Ethereum network is insane, I bet a lot of people will move over to BSC, tron, and polygon which are way cheaper.

ven7net

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Unfortunately, the gas price on the Ethereum network continues to show high values. There was information that with the launch of Ethereum 2.0, the situation should change for the better, but at the moment, unfortunately, there are no positive changes. Because of this problem, new networks began to appear, which have significantly low commissions, which forces users to switch to using them. I certainly still hope that Ethereum will sooner or later stabilize the load on the network and we will be able to see low fees, but in the meantime we have to use other networks, such as BSC and Polygon.

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