Why Gas Fee is too High? - page 2. | Bitcointalksearch.org

Wawa2013

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Quote from: poldanmig on October 15, 2021, 04:17:59 AM

Quote from: bitcoin-shark on October 15, 2021, 04:07:45 AM

the fees, the gas for transactions on the eth blockchain are really high, unsustainable just hope that with the arrival of eth 2.0 the situation will improve, in the meantime i am currently using other blockchains with more reasonable fees such as bsc and matic

The density of transactions that occur on the eth network makes gas costs on the eth network increase and that is why ethereum is now starting to perfect the ehereum 2.0 project which aims to increase the speed, efficiency and scalability of the ethereum network so that it can process more transactions and reduce congestion on the Ethereum network. just like you, now the BSC chain is an alternative that I also use to save on transaction costs that I do.

The more the price of ETH rises, the more transactions occur on the ETH network, this is what ultimately makes the gas fee on the ETH network high.
We as users can only accept that we have to be willing to spend more if we want to use the current ETH network. But don't worry too much,
because the ETH development team is aware of this problem and is trying to find a solution to reduce gas fees. One of them is by immediately
launching ETH 2.0 which is likely to solve the problem of high gas fees on the ETH network. We do have to be a little patient with this condition,
or maybe the other solution can be to try alternatives such as using BSC. But actually I always believe that the ETH team will do their best to
make the gas fee return to normal.

alviemery96

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G I S T C O I N

First, is the short-term crypto market crash as the price falls causing investors to make a lot of transactions on decentralized trading platforms causing GAS to increase in price. and If high gas fees still shock you then you are probably a crypto newbie this always happens when prices go up, if you see the market is all green then you may also encounter high fees , the number of users can also affect gas fees, the higher the user, the higher the transaction. I have been trading in crypto platform for many years so I feel this is very normal.

poldanmig

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Quote from: bitcoin-shark on October 15, 2021, 04:07:45 AM

the fees, the gas for transactions on the eth blockchain are really high, unsustainable just hope that with the arrival of eth 2.0 the situation will improve, in the meantime i am currently using other blockchains with more reasonable fees such as bsc and matic

The density of transactions that occur on the eth network makes gas costs on the eth network increase and that is why ethereum is now starting to perfect the ehereum 2.0 project which aims to increase the speed, efficiency and scalability of the ethereum network so that it can process more transactions and reduce congestion on the Ethereum network. just like you, now the BSC chain is an alternative that I also use to save on transaction costs that I do.

bitcoin-shark

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the fees, the gas for transactions on the eth blockchain are really high, unsustainable just hope that with the arrival of eth 2.0 the situation will improve, in the meantime i am currently using other blockchains with more reasonable fees such as bsc and matic

Kavelj22

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Quote from: MSN02 on October 15, 2021, 02:32:25 AM

Gas fees are high because there is some much activity on the network. ETH 2.0 promises to change this but it’s been taking a while to drop. I can’t wait because when it does it’s going to be earth shattering but for now I’m using NEAR. I’d love to be able to use both NEAR and ETH since I love the NEAR network but ETH was my first love, I’m just not rich enough to use it. With that being said NEAR does everything ETH 2.0 promised and more so I’m happy just staying with NEAR!!

Like BSC, NEAR network is another chain built in top of Ethereum virtual machine EVM. The augmented fees with Eth make way to other chains to be well known/used beside Ethereum. And Ethereum realizes this problem and aims to solve it with the Eth2.0 which seems to have some difficulties to operate.
Personally, i use BSC and BTC for small transactions as it becomes cheaper.

MSN02

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Gas fees are high because there is some much activity on the network. ETH 2.0 promises to change this but it’s been taking a while to drop. I can’t wait because when it does it’s going to be earth shattering but for now I’m using NEAR. I’d love to be able to use both NEAR and ETH since I love the NEAR network but ETH was my first love, I’m just not rich enough to use it. With that being said NEAR does everything ETH 2.0 promised and more so I’m happy just staying with NEAR!!

Kena Banned

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Quote from: lexkiee28 on October 14, 2021, 12:12:17 AM

Many crypto enthusiasts will agree to me that one major reason why Gas Fee in ethereum blockchain is too high is because of the fact that many transaction is happening within the blockchain that makes it traffic and so crowded.

If comparing Ethereum and BSC at this time(https://etherscan.io/chart/tx vs https://bscscan.com/chart/tx), we can see that BSC is busier than Ethereum. The problem is not only from how busy the network is, but i believe the capability of Ethereum isnt optimum yet, we would see better Ethereum after Eth 2.0 comes probably.

lexkiee28

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Many crypto enthusiasts will agree to me that one major reason why Gas Fee in ethereum blockchain is too high is because of the fact that many transaction is happening within the blockchain that makes it traffic and so crowded.

carlisle1

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Quote from: yohananaomi on October 12, 2021, 08:11:18 PM

Quote from: velosepur on October 12, 2021, 05:06:31 AM

Very high erc20 fees we have last months and when will be lower cant be sure. Still no eth 2.0. so we need to wait more,patience what else... Eth price rising so this is not surprise,

what is certain is that there have been no significant changes for high fees, but now that ethereum is on the rise, it is certain that high cost events will continue. the presence of eth 2.0 doesn't seem to be able to guarantee that there will be a decrease later if at a time like this or the increase in ethereum continues until the end of the year.

so now it's not a strange thing anymore, erc20 has long been rarely used by new project creators. The goal is clear to make it easier if you have to make payments to investors or bounty hunters, which obviously costs a lot of money.
will erc20 be abandoned later? still exist and will not happen, because they are still in demand if you see that the market capitalization is still high.

There are still many end users who can pay that fees,

lots of big holders are inside ERC they are capable of continuing the use of this chain.

With the case of new creators/developers, they learned that there are many alternatives
now and to attract more investors, they need to provide what is best in terms of fees.

They just listening to what possible investors needs and capable, this ERC high fees issue
will continue seeing that the price of ETH still moving upwards.

letyouearn

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Ethereum is for millioners now, haha Grin

This is blockchain, don't you know how cool it is?
Bright future and long-waited financial freedom. Zero commissions, fast international transactions, complete anonymity... KYC? Just in some cases, when the big brother wants to be sure that this is you Wink

mikemiller023

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Quote from: Kong Hey Pakboy on September 03, 2021, 12:56:37 AM

Quote from: matjas on September 03, 2021, 12:33:45 AM

If you think gas fee is too high now, then you werent around 3 months ago. The reality is, the deeper we are in a bull run, the higher fees will be. There are just too many hyped projects on ETH network right now. Im looking forward for ETH 2.0 which should fiy this issue hopefully.

When will this fix happen? I feel like the gas fee being exorbitant is a really bad thing for crypto as it hinders adoption because if you can't use it for small transactions then you will end up having to abandon it or having to find an alternative.

I'm also waiting for this. On 5th August we found an update about the London hardfork for Eth 2.0. We can expect to see the Eth 2.0 final release on 2022.

yohananaomi

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Quote from: velosepur on October 12, 2021, 05:06:31 AM

Very high erc20 fees we have last months and when will be lower cant be sure. Still no eth 2.0. so we need to wait more,patience what else... Eth price rising so this is not surprise,

what is certain is that there have been no significant changes for high fees, but now that ethereum is on the rise, it is certain that high cost events will continue. the presence of eth 2.0 doesn't seem to be able to guarantee that there will be a decrease later if at a time like this or the increase in ethereum continues until the end of the year.

so now it's not a strange thing anymore, erc20 has long been rarely used by new project creators. The goal is clear to make it easier if you have to make payments to investors or bounty hunters, which obviously costs a lot of money.
will erc20 be abandoned later? still exist and will not happen, because they are still in demand if you see that the market capitalization is still high.

Kena Banned

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Quote from: MSN02 on October 12, 2021, 05:27:37 PM

Gas fees are so high because ETH can’t handle the high traction. This is why I use NEAR now because it’s built for mass adoption so even when more people come to NEAR the gas fees and speed will not increase by much. It’s still relatively young and doesn’t have much hype but it’s been a top 10 grower last month and hit ATH last month as well. New projects are constantly dropping so I’d definitely recommend checking out the telegram and learning more about NEAR.

I dont think NEAR is tested enough yet, in the https://explorer.near.org/blocks , every block is only contains <5 transaction/ block, probably its need more stress to test it out. Compared to https://etherscan.io/blocks that every blocks is contains more than >100 transaction/ block.

TomArayaSlaya

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If you are rich then gas fees in ETH is probably nothing to you but if not then i suggest you get off ETH for now and wait till v2.0 Atleast proof of stake is way cheaper than current situation Also try other chains as they might be more gas efficient than ETH I have quite spent more money than I made on gas but these days I only do whats neccesary

milewilda

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Quote from: Iceblast on October 12, 2021, 05:48:44 PM

Quote from: DanielBroonze on September 03, 2021, 12:21:04 AM

Sometimes we feel not good after paying a High Fee on ETH

But I want's to know why this?

I feel my emotions with this

The current ETH increase factor has an effect on high gas costs. I wonder when ETH applies low fees and is not affected by price? if it can really happen, maybe I think it will take a long time because ETH will continue to rise

Maybe we would be seeing the after effects of London fork but it seems that there wasnt really some significant change but lets see if it would be that something to effect on future years to come considering the burning effect is still on progress and it might affect that gas would come low.Its been a while that erc20 gas fees are way too high which it isnt really worth on
making small transactions because fees are way too high and not really that ideal to make through.So its a personal choice whether you do proceed or deal with it.

Iceblast

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Quote from: DanielBroonze on September 03, 2021, 12:21:04 AM

Sometimes we feel not good after paying a High Fee on ETH

But I want's to know why this?

I feel my emotions with this

The current ETH increase factor has an effect on high gas costs. I wonder when ETH applies low fees and is not affected by price? if it can really happen, maybe I think it will take a long time because ETH will continue to rise

MSN02

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Gas fees are so high because ETH can’t handle the high traction. This is why I use NEAR now because it’s built for mass adoption so even when more people come to NEAR the gas fees and speed will not increase by much. It’s still relatively young and doesn’t have much hype but it’s been a top 10 grower last month and hit ATH last month as well. New projects are constantly dropping so I’d definitely recommend checking out the telegram and learning more about NEAR.

susuberuang

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Quote from: velosepur on October 12, 2021, 05:06:31 AM

Very high erc20 fees we have last months and when will be lower cant be sure. Still no eth 2.0. so we need to wait more,patience what else... Eth price rising so this is not surprise,

Every increase in the price of Ethereum will always affect the amount of transaction fees that must be incurred by everyone, because this is a normal thing to happen even though ETH 2.0 is actually in the cryptocurrency

bonyaserg

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Yes, there is a lot of gas on the Ethereum network right now. And this is very inconvenient when you are paying very high commissions. This suggests that the Ethereum platform is in high demand. And I think that in the future the situation will change and the commission will be much smaller.

Kezacky

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this is one of the main reasons why i've never used the ethereum platform again lately due to unreasonable gas costs. i'm avoiding that, i'm currently switching to a blockchain that i think is right. as in bsc, pollygon and phantom. I actively trade on the blockchain ecosystem there because it is cheap and also has a lot of potential coins.

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