Topic: When will ETH Fees drop? (ETH v2 etc.) (Read 335 times)
The funny part is ETH team are known to always keep postponing their updates, they said the next upgrade in June 2022 will erase the high gas fee which will also kill PoW algorithm from their network but this have become a joke for many years already, all we can do is wait and see
Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?
Do you see any light in the end of the tunnel?
I too lost hope of the fees regarding Eth. In fact there are coins on the other side of my wallet that is stuck up. I can't withdraw them due to high fees. So it is better for them to remain there. The only advantage for me that Eth ha high gas fees is that I am also a miner. I mine with video cards and it gives me good profits monthly. I already got my ROI so, what ever happens to eth prices is okay for me as all of the mined coins till today are all profits. I think there will be a time when eth will lose to another coin that offers low gas fees. If ever there will be chances eth will lowering it's fees, maybe it is a good investments as eth is a stable coins which offers great network to new projects out there.
The biggest problem with ethereum is that transaction fees are very expensive, whatever the reason the transaction fees should be cheaper, and this is what makes many big projects switch to BSC or Polygon.
Yeah and in some article that's clearly stated that if may get another delay again. What the hell has been doing by ethereum core developers? Another project can do scaling in a short time while it needs a very long time to go. You can see that in the roadmap if the implementation may get another delay and that means an estimation for the improvements for ethereum blockchain may come 2023.
Ethereum developers and miners like to see people pay non sense fees to make them become rich.
Ethereum developers and miners like to see people pay non sense fees to make them become rich.
Its just my opinion but i think core team have a huge of mining farm rightnow and they wait till the hardware become unprofitable and 2.0 will be released
make sense right hahaIm so tired to pay more than $50 for any swap in ethereum transactions. I can buy some pizzas with and it seems like we got fucked and ruined by this slowest smartcontract blockchain ever.
High fees, slow transactions. What a good blockchain. I have been migrating to the poly and bsc. SOL has become my exception as it
High fees, slow transactions. What a good blockchain. I have been migrating to the poly and bsc. SOL has become my exception as it
i already move to BSC since so many project launch in there and using polygon also. Try to move to centralized exchange rather than swap it on dex since fee can get u unprofitable
Solana is going big to if 2.0 keep get delayed
We all thought the ethereum fee will reduce last year when ethereum 2.0 was introduced but it was another way, there was nothing different about the gas fee till today. Later we heard it will be a long time process. Vitalik buterin and his crew are having more plans to reduce the ethereum fee, but as busy the ethereum network is, I think there will not be that significant fee reduction. To have low fee, it can require more time and also making use of weekend when the fee is reduce than during weekdays.
Eth 2.0 still in progress wait for it to finished and become live from POW to POS network. I think this is the last option we are waiting for since eip 1559 has not effective in reducing fees, but instead contrary to what we expect fees has been tripled when 1559 activated. I hope this year this problem will finally solved. 
i just read about the news here https://cryptoslate.com/vitalik-buterin-gives-an-estimate-on-ethereum-2-0s-completion-status/
that ethereum 2.0 still 50%
meaning it will take long time beside that beacon chain already 1 year old
Yeah and in some article that's clearly stated that if may get another delay again. What the hell has been doing by ethereum core developers? Another project can do scaling in a short time while it needs a very long time to go. You can see that in the roadmap if the implementation may get another delay and that means an estimation for the improvements for ethereum blockchain may come 2023. that ethereum 2.0 still 50%
meaning it will take long time beside that beacon chain already 1 year old Ethereum developers and miners like to see people pay non sense fees to make them become rich.
im still waiting eth fees drop too
Im so tired to pay more than $50 for any swap in ethereum transactions. I can buy some pizzas with and it seems like we got fucked and ruined by this slowest smartcontract blockchain ever. High fees, slow transactions. What a good blockchain. I have been migrating to the poly and bsc. SOL has become my exception as it
i just read about the news here https://cryptoslate.com/vitalik-buterin-gives-an-estimate-on-ethereum-2-0s-completion-status/
that ethereum 2.0 still 50% meaning it will take long time beside that beacon chain already 1 year old
im still waiting eth fees drop too
that ethereum 2.0 still 50%
meaning it will take long time beside that beacon chain already 1 year old im still waiting eth fees drop too
Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?
Do you see any light in the end of the tunnel?
Supposedly the "merge" to ETH 2.0 will occur around mid-2022. It's hard to say exactly because with blockchain development there can always be unexpected delays. I would expect the complete transition to proof of stake (with lower fees) to occur this year at least.
There are also major developments in layer 2 solutions that reduce transaction fees, such as rollups, that are imminent. Right now Polygon (MATIC) is highly popular.
Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?
I have seen recently a new road map of ethereum and it was said that developers are planning code chunking+ gas cost updates. I know that by switching to a Proof-of-Stake, the problem of scalability it means speed and cost of transactions must be solved. As for now, I don't work on ethereum because of high fees so I had to switch to alternatives such as Polygon, Binance smart chain and tron. Do you see any light in the end of the tunnel?
this is a very difficult question but i have to answer with the little knowledge i have now, ETH 2.0 is now predicted to make gas cheaper than other coins in the krypto market, but currently token transactions on the ethereum platform are huge, if this continues then no there is room for that, so many investors will use other networks like Binance Smart Change because gas prices there are cheap.
Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?
^ Actually we have the same question when the gas fee will be dropped?Do you see any light in the end of the tunnel?
We are all waiting for the lunching report about the ETH V2 and let us do hope that the high fee will suddenly drop so that I can able to transfer my token in exchange. I have a lot of small amount of tokens but I cant be able to them, because of the huge fees. I just want to know if this concern was noted by the ETH team so that they will take action on this.
ETH 2.0 of date is dec 21 - feb 22
That date was only a part of update and it's not fully update. If you're seeing the roadmap carefully and then there's no ETA about when solution for this problem will be implemented. As far as i can see if we must have passed some phase to implement the beacon chain and many more. This will be done next year. There's no guarantee if the next update we will see the problem gonna be fixed by ethereum developers. it could be another prank that makes the fees even higher than this time. There's no exact date about when ethereum 2.0 will come as it was being divided into so many phases that even people got confused about that.
I think that this can be understood easily. That's not the date to fix ethereum gas price.
All we can do is wait.
They are updated about the project and that is why the value of it is still going up. The expectation is high and investors are willing to risk their money now in exchange for the future staking process that might be profitable.
There may be no assurance but the trust with the project is deep that so many people will go beyond risking their money even if the usage was nerfed and the fees go high.
Just be patient for now, use another chain for your transactions and keep those stored Ethereum.
They are updated about the project and that is why the value of it is still going up. The expectation is high and investors are willing to risk their money now in exchange for the future staking process that might be profitable.
There may be no assurance but the trust with the project is deep that so many people will go beyond risking their money even if the usage was nerfed and the fees go high.
Just be patient for now, use another chain for your transactions and keep those stored Ethereum.
Do you guys have any estimate when the ETH Fees are going to drop?
Putting a timeline to it is really going to be a hard one to decipher. At a point early this year we saw fees go down to an appreciable level and one could easily move ERC tokens around without much stress. But this has changed now. ETH high fee was the reason BSC gained popularity. It did scare a lot of projects and they moved to BSC and also ended up clogging the BNB chain and got its fees high too. There are congestions on both chains now and I hope other chains will start benefiting from this overflow resulting in both chains. For instance, I will want to see the same rush to Matic, Solana and others as that will also help give their tokens that needed value for price increase. Everything shouldn't be centred round ETH. Back to your question; it's kind of evasive to say when ETH price will drop.
There has been no bright spot until now from ethereum itself to rush to solve this problem. Even though the high cost of gas is very disturbing for people who transact with small amounts. I even spent $14 once sending tokens to the market. I am now moving to a more incoming bsc going for a cheap transaction fee.
Do you guys have any estimate of when the ETH Fees are going to drop? It's been so long since those fees have been as high as mountains.
Do you see any light at the end of the tunnel?
Do you see any light at the end of the tunnel?
It has been the struggle of most traders that's why some of us are searching for alternative networks just to lessen the gas fee. I've been using the Binance network which is more convenient and cheaper. I hope that ETH would really do something about high gas fees.
Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?
Hell, EYH fess has really been a pain in the past months and continues to make transactions difficult in the Ethereum network but I really hope that ETH V2 will take care of this problem once launched as it has been said. many transactions have not been able to perform due to these high fees but let's hope that ETH 2.0 will be live so that these fees issues will be gone lastly. Do you see any light in the end of the tunnel?
no, I can't predict this. even Vitalik himself is still hesitant to give an exact time when this matter will be resolved. the last hope is in ethereum 2.0 which with this new network the block capacity increases so that it can handle more TPS. and slowly reduce GAS fees. the question now is, when will 2.0 come. this is still a mystery to this day.
The main problem with ethereum now is the gas fee. My question is when ethereum changes the consensus from pow to pos, will the gas fee change significantly? Especially considering the price of ethereum is high now, or maybe more high when ethereum 2.0 is released.
when viewed from the details of the ethereum 2.0 upgrade, the block capacity will be increased by more than 1000%, more or less can accommodate 100k TPS. it was much bigger than it is today. although it may not be able to reduce significantly, but mathematically the fee will be much cheaper than today.
no, I can't predict this. even Vitalik himself is still hesitant to give an exact time when this matter will be resolved. the last hope is in ethereum 2.0 which with this new network the block capacity increases so that it can handle more TPS. and slowly reduce GAS fees. the question now is, when will 2.0 come. this is still a mystery to this day.
The main problem with ethereum now is the gas fee. My question is when ethereum changes the consensus from pow to pos, will the gas fee change significantly? Especially considering the price of ethereum is high now, or maybe more high when ethereum 2.0 is released.
As long as the Ethereum network is always busy with transactions it is hard to expect gas fees to be low there. Maybe we can just wait for Ethereum v2 to be developed again to address this gas cost issue. Or if you want to transact, just avoid peak hours to avoid gas fees that are too large even though they are not significant.
I don't know exactly what the peak time frame is but my general experience is that there's not much of a drop in costs and probably, as you say, negligible and in this case, it is still necessary to apply high costs for faster shipping because a few minutes delay in this market could have left us on the rooftops falling deep underground or more. The new version also does not specifically say about the fee, but currently, there are many networks that compete with ethereum but contracts on ethereum never stop, signaling such demand will be proportional to the fees incurred Jump to: