Topic: When ETH GAS Price will stable? We paid 33.74$ GAS price for 10$ token transfer. - page 3. (Read 408 times)
October 07, 2021, 01:02:06 PM
why will you take that risk of exchanging a token with a lower price to your gas fee? it is ridiculous. unless you planned to clear out your worthless tokens. currently ethereum gas fees remains unsolved and I think the problem will persist. even if the burning and staking continues, the problem will not be solved. the best option is to deal with ethereum side chains. bsc and the rest.
October 07, 2021, 12:58:52 PM
As I know, Ethereum 2.0. is going to solve the problem of Ethereum's scalability and big fees. After launching Ethereum 2.0. this blockchain will be switched from Proof-Of-Work consensus, to Proof-Of-Stake. Coins that are working on this consensus have lower transaction fees, because it is easier to keep this network and validators get less rewards, so I expect that Ethereum will become cheaper and it will be easier to run small transactions.
They've talked about 2.0 for years and also the problem of expensive fees but so far, there was never an agreement that effective solve this problem once for all. While more token layer itself to the ETH's ecosystem only make this problem more unbearable hence ETH 2.0. So yeah, my expectation for a truly end it, scalable transaction fee with ETH's price but still fair on the miners is very low.
October 07, 2021, 11:55:30 AM
The biggest problem of Ethereum is scalability which means slow and expensive transactions. That is why many people, especially those with small capitals, are moving to alternative cheap chains such as BSC, Polygon. The lower the activity on Ethereum is, the lower transaction fees are, so one of the ways for Ethereum’s fees to become more stable is to wait for a decline of 2021 hype.
October 07, 2021, 03:53:53 AM
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.
I am planning to transfer an ERC-20 token into an exchange...so am taking note of this hour range so I can be able to lessen the gas fee required. I am actually sad that Ethereum remains to be incredible when it comes to transaction fees. I love Ethereum and I am still some coin in my wallet but I hate the fact why do we have to pay such "insulting" high fees. As what I am always saying, we never signed for cryptocurrency thinking that we will be required to pay such heft amount to move these tokens under the network. We need solutions for this big problem and hope the Ethereum team can hasten that arrival.
October 07, 2021, 03:30:32 AM
Ethereum network as it is right now have already priced many user out of it's platform because of insane fees on it's network. The small guy can not use ethereum like it use to be, Ethereum is for the big guys now. This development will definitely hamper growth and stiffen innovation and development. However, the ethereum infrastructure is still the best for many developers who want to deploy different project!
October 07, 2021, 03:05:23 AM
Unfortunately, already several years the price of gas on Ethereum blockchain has been too high and there is nothing to be done about it, and Ethereum developers are in no hurry to change something, so you have to constantly wait for the best moments when the price of gas drops at least a little and then you can make cryptocurrency transactions through Ethereum blockchain, and in general I have been trying not to use Etheruem blockchain already long time, since this blockchain has already become for rich people and therefore I use other blockchains for cryptocurrency transactions, but in general, it seems like everything should change when all stages of Ethereum 2.0 will be released...
October 07, 2021, 02:28:35 AM
You better wait the gas to go down so that you avoid to pay high gas fee. Eth network has still no solution to fix the problem of the gas but luckily we have alternative network such as Binance Smart Chain, Polygon, Tron network we can use these networks to avoid to pay expensive transaction fees if your token supported these networks.
October 07, 2021, 01:49:24 AM
Nobody can tell you when. It will be stable when the hype or panic on Ethereum and ERC-20 tokens fall down or when the hype on NFT games from projects that use ERC-20 chain falls down.
However it is impossible to say when, what week, what day the gas price on Ethereum network will be cheaper. On that network, you can not have stable gas price that changes very quickly.
https://www.gasnow.org/. It is bad that website will close their service next week.
However it is impossible to say when, what week, what day the gas price on Ethereum network will be cheaper. On that network, you can not have stable gas price that changes very quickly.
https://www.gasnow.org/. It is bad that website will close their service next week.
October 06, 2021, 11:49:43 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?
I suggest using the rainbow bridge from Ethereum to Aurora or NEAR or the spookyswap bridge to Fantom. You can then trade on Ref Finance or Spookyswap and your transactions will cost a fraction of a penny. https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b
What do you think, is there any possibility for ETH GAS price will stable?
October 06, 2021, 11:24:57 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?
Yes there is a time that gas fee is low and that should be the time we can do a heavy transactions. Im sure Vitalik already making sure that this will be the number 1 priority when they scale eth. The eth2 wouldnt be around the corner for a while and they said it would be delay but of course everyone is still hoping for the best for eth as we can see a huge potential out of it. https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b
What do you think, is there any possibility for ETH GAS price will stable?
October 06, 2021, 10:52:11 PM
As I know, Ethereum 2.0. is going to solve the problem of Ethereum's scalability and big fees. After launching Ethereum 2.0. this blockchain will be switched from Proof-Of-Work consensus, to Proof-Of-Stake. Coins that are working on this consensus have lower transaction fees, because it is easier to keep this network and validators get less rewards, so I expect that Ethereum will become cheaper and it will be easier to run small transactions.
October 06, 2021, 10:46:47 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?
https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b
What do you think, is there any possibility for ETH GAS price will stable?
Not the first time to hear complaints about ETH gas fees, lol. They are out of control now, before it was bitcoin, but since ETH has gone up to new all time high, gas fees increases as well. And the supposedly hard fork was the solution, but unfortunately, it didn't resolved the issue.
The best thing to do is just wait for the gas fees to somewhat goes down a bit or just learn few tricks posted by @iv4n to at least lessen the fees.
October 06, 2021, 05:29:53 PM
What do you think, is there any possibility for ETH GAS price will stable?
There is possibility for the eth gas price to be decreased but the only solution to increase the blocksize, so many people have been complaining about the gas fees on ethereum. they were migrating to the another blockchain like plygon and bsc that fully integrated with ethereum. EIP should become the only solution. The ethereum developers didn't even think if what they have done in london hardfork has no impact to the fees. The blocksize needs to be increased even higher than the current blocksize, This time ethereum chain can only processing up to 15 TPS. This must be around 100 - 200 TPS
October 06, 2021, 05:01:46 PM
Usually when the market pump, the network become busier and its attract many people want to move its tokens/ eth. It will force people to increase the gas for making the transaction succeded.
Try to do the transaction on the quietter network if you're not on urge.
Try to do the transaction on the quietter network if you're not on urge.
October 06, 2021, 04:31:51 PM
As long as ethereum price keeps raising, gas price will continue to raise. the only solution is for traders to embrace side chain projects like finance smart chain, polygon, avalanche and so many others. this is the only way to reduce the high cost of gas fees. i don't think the recent burning of ethereum will also solve these issue. it will make eth scare but price will still remains high.
October 06, 2021, 04:18:54 PM
This is one of the reasons why I don't want to use ETH or any coin that uses GAS fees. Fees go up wildly and don't seem to drop at a more reasonable price. While the rest of the world complained about the high btc tx fees, they did not consider ETH. i have a coin worth 50$ but the transfer fee is more than 30$ really the current gas price is too expensive, i hope that in the future gas fee will be fixed with better price for users.
October 06, 2021, 03:46:29 PM
If the market is rising, you can expect for ETH network fees to increase as well so its better to have other options and check first before you approve the transactions. This has been a problem with ETH, they can’t still address this issues even if some updates already made, hopefully on their upcoming updates they can finally solve the fees problem, so for now look fo alternatives.
October 06, 2021, 03:16:57 PM
It's hard to say that this problem can really be solved. I've had a $10 token buried for almost a year now, quite a lot. There's nothing we can say, because it's been more than a decade. For small traders like us, this is a barrier to freedom of transaction. Maybe not for the people out there who have a commensurate advantage. Again, there is nothing you can do but wait for the GAS moment to drop at a certain time. Stealing time cheaply is often what we do nowadays.
October 06, 2021, 03:02:17 PM
It's frustrating, but I would not have done what you did. I'm patiently waiting for the fee to drop to lower amounts, perhaps around the ~10$ mark so I can bridge my tokens to the Fuse network. Currently, it's asking around ~40$, and it's sometimes even spiking to $100+.
October 06, 2021, 02:19:10 PM
You shouldn't have done that. You should wait for the gas fee to drop down and do that transaction, is that $10 really in a rush and you have to send that immediately?
We are unsure when the gas fees will become stable but whenever there's a sudden rise for the price, I've noticed that gas fees also increases.
We are unsure when the gas fees will become stable but whenever there's a sudden rise for the price, I've noticed that gas fees also increases.
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