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

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Quote from: cheezcarls on October 16, 2021, 06:21:32 AM

The highest transaction fee that I’ve paid so far was almost $60 while converting my token to ETH on Uniswap. But good thing that token is worth more than $300 at the time of the transaction before it dumped even further. So I took the risk rather than getting even much more lower amount.

Most projects right now are switching to Binance Smart Chain, Solana, Polygon, etc., due to Ethereum’s exorbitant gas fees. I am holding ETH until now because I still believe the price of the coin could go even further. Almost touching down $4k now. Until Ethereum 2.0 is already in play, now we can finally say goodbye to these ridiculous gas fees.

It's insane. Who'd want to pay exorbitant fees just to transfer tokens from one address to another? Only whales and the wealthy will be able to afford paying extremely-high gas fees on the ETH blockchain. The rest of the people will be forced to wait longer or switch to an alternative blockchain network.

Fortunately, projects built on Ethereum are beginning to use off-chain scaling solutions. High gas fees will no longer become an issue as most projects switch to a second layer for scalability. Besides, ETH 2.0 is on the way. With PoS, Sharding, and several network improvements, high gas fees will become history. It's all a matter of being patient to see good results in the future. I wouldn't worry that much about the gas price as long as there are solutions to remedy the issue. Just my thoughts Grin

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The highest transaction fee that I’ve paid so far was almost $60 while converting my token to ETH on Uniswap. But good thing that token is worth more than $300 at the time of the transaction before it dumped even further. So I took the risk rather than getting even much more lower amount.

Most projects right now are switching to Binance Smart Chain, Solana, Polygon, etc., due to Ethereum’s exorbitant gas fees. I am holding ETH until now because I still believe the price of the coin could go even further. Almost touching down $4k now. Until Ethereum 2.0 is already in play, now we can finally say goodbye to these ridiculous gas fees.

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You should always double check the Gas fee on your transaction before processing it's not like that Gas fee is always remain high we have to check it on regular interval to avoid paying unnecessarily high fees but I must say Vitalik must work on reducing Gas fee to increase the usage of ethereum as a mode of transfer otherwise traders choose other altcoins to transfer due to the less charges.

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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 has been something that's been discussed about many times already. GAS fees will remain high as long as ETH's network capacity is limited. The more people use the ETH blockchain, the higher the fees will be in the long term. Scaling solutions like PoS, Sharding, and off-chain layers like Polygon (MATIC), Optimism, and Arbitrum aim to put high gas fees to rest once and for all. Some of these scaling solutions are already functional, while others are still under heavy development. I'd suggest you either use one of the aforementioned scaling solutions or simply wait until fees decline on the network.

A good time to make ETH-based transactions is during weekends. Fees are usually low at that time, especially very early in the morning. If you don't want to wait or use a separate scaling solution, then you can simply switch to another blockchain network like Binance Chain, Solana, or Polkadot. Fees will decline eventually as network upgrades are rolled on the ETH blockchain. So to answer your question, yes ETH GAS price will stabilize after subsequent network upgrades. You just need to be patient in order to see great results in the future. Just my opinion

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Quote from: Al Qiyamah on October 09, 2021, 07:41:15 PM

To make transactions on the Ethereum network does cost a lot of money, and this already makes people feel uncomfortable. For this reason, avoid making transactions during peak hours, there is no guarantee for this but there is no harm in trying. Many crypto experts think that the launch of Ethereum 2.0 and EIP 1559 could be the solution.

The currents gas price is very high. It's also very volatile within a few minutes. Last night I need to do some transactions on the Ethereum blockchain. First I use 83 GWEI and it was very fast. after a few minutes, I made another one and I check the gas price, it was about 60 GWEI. So I tried to use 57 GWEI and made the transaction. Within 20 minutes its also succeed. So if anyone really needs to do some transaction, Don't hurry. Wait for a good time when the GWEI price reduces, you can make transactions easily. If you don't have any hurry, You can use less GWEI for the transaction also. but keep in mind, don't get stuck with Ethereum network transactions. First, check the current gas price and after that make a transaction.

ETH 2.0 already launched but gas fees not reducing.
All of the people waiting for this solution. I Hope the Ehereum developer will solve this problem as soon as possible.

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There is nothing we can do with it especially when the other will not care whether they pay up to that much. This is where we stuck our transactions if we don't follow the current gas fees because other who are making transaction will continue to pay that rate and mostly they are willing to pay a little more just to rush their transactions which lead to our low fees transactions to be delayed after the gas fees will be subsided.

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To make transactions on the Ethereum network does cost a lot of money, and this already makes people feel uncomfortable. For this reason, avoid making transactions during peak hours, there is no guarantee for this but there is no harm in trying. Many crypto experts think that the launch of Ethereum 2.0 and EIP 1559 could be the solution.

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Yeah is frustrating mate My suggestion will be to try check gas fees and find good time that will afford less gas try to avoid crazy days except is really urgent dont go for it Most people these days avoid unnecessary transaction I will suggest you do the same or you will keep hating on eth Am sure 2.0 will get rid of probably 80% of the issues

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Quote from: Jaered on October 09, 2021, 03:55:19 PM

It's crazy how Ethereum gas price is pumping. I guess the DeFi integration didn't help. And I was under the impression the Ethereum 2.0. EIP1559 would come to the rescue. Even many projects are jumping ship to BSC and Polygon. I can't even sell off my shit coins and dusts because the transaction fees would erode seriously into the profit

This craziness is going to hurt very badly Ethereum because now we have too many competitors in market with some good features and very fewer fees if they are not going to fix in near future then surely they are going out of market very badly even currently they are leaders in this, but this is not going to stay as this for some more time. The Ethereum developers didn't even think if they have done in London, hard fork has no impact to the fees.

Now, we are really disappointed with such unacceptable fees, to move worth $10 token and will pay $33, it doesn't worth it. I hope the Ethereum gas problem will be solved in the future, but when no one knows it.

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Quote from: fullhdpixel on October 09, 2021, 03:07:18 PM

Quote from: samcrypto on October 09, 2021, 08:12:43 AM

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

There are too many people who do not check as well, it is a habit and they just do it anyway, and then they realize after the deed is done. I am not saying OP did it like that, but there are some people who do that, I have met with those people. Hell I have seen people who put the sending amount to gas fee and the gas amount to sending fee, so instead of paying 30 bucks and sending 200 bucks, they paid 200 bucks and got 30 bucks instead, and this is not rare, it happens constantly in crypto world.

So, do not be shocked about the brain freeze moments of people, it could happen to anyone and we all could do it, it doesn't mean they are idiots, they could be very smart people who just for one second lose control of their brain, it happens to all of us at any aspect of our lives which is why these type of gas fee situations do need to calm down to prevent these mistakes.

I have seen such cases and someone sends 60$ worth of tokens with a $400 Gas fee. It is an unfortunate case but there is nothing left to do after confirming via send button. Before sending, double check is essential to be sure you did everything according to the plan. Otherwise, this is not the first or the last mistake it is going to be. Next time, just use Gas station or alternative websites before sending and never use more than higher gas settings on Metamask for protecting your tokens.

Jaered

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It's crazy how Ethereum gas price is pumping. I guess the DeFi integration didn't help. And I was under the impression the Ethereum 2.0. EIP1559 would come to the rescue. Even many projects are jumping ship to BSC and Polygon. I can't even sell off my shit coins and dusts because the transaction fees would erode seriously into the profit

fullhdpixel

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Quote from: samcrypto on October 09, 2021, 08:12:43 AM

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

There are too many people who do not check as well, it is a habit and they just do it anyway, and then they realize after the deed is done. I am not saying OP did it like that, but there are some people who do that, I have met with those people. Hell I have seen people who put the sending amount to gas fee and the gas amount to sending fee, so instead of paying 30 bucks and sending 200 bucks, they paid 200 bucks and got 30 bucks instead, and this is not rare, it happens constantly in crypto world.

So, do not be shocked about the brain freeze moments of people, it could happen to anyone and we all could do it, it doesn't mean they are idiots, they could be very smart people who just for one second lose control of their brain, it happens to all of us at any aspect of our lives which is why these type of gas fee situations do need to calm down to prevent these mistakes.

Silver80

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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?

I hope, when making transactions, only I am on the ERC network, but it's impossible for network congestion to cause a shortage of gwee, and it has started when Altcoins use the ERC network, this is where the gwee fee comparators appear so that they look at them to use their network.

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

Ethereum gas fees will remain expensive as long as Ethereum prices are high.

It's not always like that. BTC price is almost 20 times higher than ETH but transaction fees over the Bitcoin blockchain is currently just over $1 for the highest priority. It's about network congestion which forces other people and platforms to raise the gas fee so they can confirm their transaction faster than the rest.

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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.

The GAS problem is going on for a very long time and this is nothing new and the promise of sorting them took the price to new levels and even the ETH developers have no idea when everything will be sorted, the last time i checked there is no ETA and the promise of sorting them is taking too long and people are tired of spending $30 to $50 as transaction fees.

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?

Yes, users should stop using ETH so that the GAS fees will go down eventually Tongue

.

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Quote from: Questat on October 08, 2021, 11:53:25 AM

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.

their solution was deadlocked, the hard fork that had been done clearly failed to return the fee back to normal. the only way that looks realistic is with ethereum 2.0 which is always a delay to release. so it's nearing the end for the ERC20 network, and we'll have to look at other, cheaper platforms.

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Quote from: tvplus006 on October 09, 2021, 08:05:27 AM

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...

It doesn't matter what amount you transfer, the gas fee will be the same at a certain point in time. You can check the current cost of gas here: https://etherscan.io/gastracker In my experience, I have noticed that on weekends the cost of gas is lower than on working days.

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

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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...

It doesn't matter what amount you transfer, the gas fee will be the same at a certain point in time. You can check the current cost of gas here: https://etherscan.io/gastracker In my experience, I have noticed that on weekends the cost of gas is lower than on working days.

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This is the reason why I'm always avoiding projects especially NFT games that are related to Ethereum.
The fees are very high (again) and there is also a chance that you might pay more fees than the total amount that you will transfer.

If you have no choice and you really want to transfer funds thru ETH, I think waiting or knowing the time where fees are low will help you. Gas prices will not stable IMO because no one knows what might happen to ETH. Probably when ETH 2.0 will be released then that is the time where Ethereum Gas fees will become lower than what it is right now.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

BayAngelo

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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.

kensaii

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Quote from: Sollaes on 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.

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.

Azar138

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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.

DapanasFruit

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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.

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.

clarkt

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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!

trauchot

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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...

DonFacundo

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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.

hd49728

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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. Cry

RussianEnglishTranslation

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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?

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.

cryptoaddictchie

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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?

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.

Sollaes

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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.

Dave1

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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?

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.

bitkanu

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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 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

Kena Banned

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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.

BayAngelo

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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.

FulxilCoris

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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.

Johnyz

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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.

Sterbens

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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.

trapatalce

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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+.

blockman

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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.

Cadaver20

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Quote from: ?? on ??

I think gas fees from ETH can be stable someday, maybe when ETH 2.0 has been launched, then it can make gas fees from ETH lower than now

We have seen some developments of ETH like ETH 2.0, London hard fork etc. The purpose of all these developments was to reduce gas fees. But in reality it was not seen. It remains to be seen what development will come next. However, if the market goes down, the gas fee will automatically go down.

Jackl87

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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 one of the most discussed topics within the crypto space for at least a few months now and rightly so because at the moment the Ethereum network is hardly usable for small traders and everyday users that are doing small transaction like the one you posted in your OP. This is also the reason why a lot of projects and users switched to Binance smart chain or to layer 2 solutions like polygon recently because there the fees are only a fraction compared to the ETH-network.
I would say that at some point in 2022 when the ETH-Network makes the final switch to PoS then the prices of transactions should drop... if they will not...bad times for ETH.

dothebeats

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This is why I try to avoid using ETH or any coin that uses GAS fees. The fees are straight up obnoxious and doesn’t seem to go down at a more reasonable price. While the rest of the world complains about btc tx fees being high, they haven’t peeked into what ETH has in store for us when it comes to tx fees. And here I was thinking that the past upgrades would solve most of these problems, but they’re still there unfortunately.

Bitstar_coin

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Let's hope there will be remedy in the near future but right now the gas fees is crazy, it is even more frustrating when you are sending very low amount and spending high fees to transfer it, honestly I prefer using other chains now, etc is great but gas fee is very unbearable, they really need to do something about it.

iv4n

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From Betfury casino withdrawing Ethereum on Ethereum chain is with 0.005 ETH fee! Withdrawing Ethereum with BSC (Binance chain) is with a 0.0001 ETH fee! So you do the math what is more affordable and better in this case!
Ethereum fees are crazy for some time already, and it's why I don't use it as before! Now if it's possible to use other chains I will do it, if not I will just leave it there for better days if they ever come!

Cornia

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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.

tr3zor

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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?

Topic: When ETH GAS Price will stable? We paid 33.74$ GAS price for 10$ token transfer. (Read 408 times)