Why Gas Fee is too High? - page 9. | Bitcointalksearch.org

ene1980

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Quote from: devil2man on September 19, 2021, 03:32:22 PM

unfortunately the eip 1559 has not solved the problem of high fees on eth, they probably remain at high levels thanks to the boom of the nft, for now it is better to fall back temporarily on the bsc blockchain even if it is not really decentralized waiting for better times

Do you expect ETH to be more decentralized after changing their algorithm to POS Tongue

. I am also curious to see what upgrade will solve their issues even if they successfully migrate to POS and how many bugs we will be encountering during its migration as it is a really tricky situation for them. You can blame the NFT craze for the rise in transaction charges but what is the end result and how long users will be willing to pay higher transaction charges.

pealr12

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I get frustrated anytime I have a little tokens to transfer to the exchange, just few minutes ago I paid gas fee of $13+ just to transfer few tokens to the exchange and it took 1 hour plus for the transaction to be confirmed, not very nice, eth network is becoming too difficult.

mdzahed134

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Quote from: tabas on September 18, 2021, 11:01:05 PM

Always look at the proper timing when the fees goes down. The lowest than I have seen for the eth fees is around 32 gwei.
I consider that now low when the usual surge is going more than 100 gwei.

Indeed, I don’t think it’s a proper solution because i see in my time zone most of the time ETH gas fee will go lower in 30-50 gwei when i'm asleep. Even for a regular traders How will he wait for the proper time when gas fee will reduce? Eth network
is too much expensive and everyone has been facing this problem for a very long time.

devil2man

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unfortunately the eip 1559 has not solved the problem of high fees on eth, they probably remain at high levels thanks to the boom of the nft, for now it is better to fall back temporarily on the bsc blockchain even if it is not really decentralized waiting for better times

BIT-BENDER

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I was advised by a friend that when ever I want to purchase an alt-coin or transferring one I shouldn't use ethereum because of high fees, from his experience he wanted to send ethereum of approximatly $20 into one of his wallet, but the gas fee was almost up to the amount he wanted to send, and what's funny $20 is the minimum amount of ethereum the receiving wallet accepts, he opted instead of ethereum, tether, litecoin can be used and after transaction those alt-coins can be converted to ethereum, I think this has been working for him.

indah rezqi

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Quote from: DanielBroonze on September 03, 2021, 01:21:04 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

You ask why the cost of ETH gas is high, I can't give you a proper answer on that. But what we all must know is that the high cost of ETH gas is a complaint experienced by many people, not only you. There are many people or the ETH community out there who want this problem to be resolved as soon as possible, maybe we can only hope that the discourse on the launch of ETH 2.0 can be a solution.

dhemasm

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I hope there is a solution for this problem.

It's already i suppose, There are tons of alternative out there that offering lower transaction fee like BSC and you can also bridging through layer-2 like Polygon. The best thing do right now it's sticking to some alternative network until Eth 2.0 Launched in the end of this year or if you still insist to use Ethereum then you can try to make an transaction on low-trade time (UTC Midnight).

eaLiTy

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Quote from: cryptoaddictchie on September 19, 2021, 06:35:06 AM

Dont be shocked dude, with current pumped of ethereum network and all the trend in the nft. There are lots who are using the network that probably cause the gas fee to increase. Maybe eth has problem scaling it and thats for sure a long time problem in their network, but Im sure Vitalik are working off his ass to have a solution for this. But if you want a smaller fee then you should do other networks like avax, bsc, polygon and fantom.

Yeah Vitalik should work his ass off because when they launched they were claiming that they will scale on a massive scale unlike BTCitcoin who was struggling with the high transaction fees. They were not able to find a solution and hence they wanted to change the entire consensus algorithm to POS and lets see whether they can sort their issue. For the NFT projects that are using ETH, the users should ask the developers to use Polygon so that the transaction fees will be low.

Hobo66

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I think that in the case of higher transaction demand and desires, the gas fees become higher. There are so many people who are being involved in the Ethereum blockchain. Due to this reason, the transaction become high and hence the gas fees become higher and higher.

jakasantosa

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Think better

For the current high Gas Fee, it is very unfortunate for investors or bounty hunters who have small crypto assets to withdraw their assets. But for investors or bounty hunters who have a large number of assets, it may not be a problem because they are still profitable when withdrawing or selling their assets.

[email protected]

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Quote from: rika0223 on September 19, 2021, 10:47:00 AM

What causes gas costs to get higher day by day is caused by too dense or too many blockchain transactions so that the network capacity becomes narrow and slow, so the only way we have to increase gas or buy a network so that the network capacity is wider so that transactions run smoothly so that it doesn't happen more traffic jam, if I think so

the advice you share seems to be the best solution. and many have given almost the same advice.
I think it's enough to make a trade on the ERC network to avoid the loss of transaction fees.
for the time being day trading would be better to the BSC network or something else which is cheaper.

rika0223

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Quote from: DanielBroonze on September 03, 2021, 01:21:04 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

What causes gas costs to get higher day by day is caused by too dense or too many blockchain transactions so that the network capacity becomes narrow and slow, so the only way we have to increase gas or buy a network so that the network capacity is wider so that transactions run smoothly so that it doesn't happen more traffic jam, if I think so

Rahman11

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The 'Origin of the Fee' Problem
Even more, with huge transactions piled up in the memory pools of networks like Bitcoin and Ethereum, the laws of supply and demand almost always skyrocket the network fees or 'gas fees' for Ethereum.

masterrex

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Quote from: DanielBroonze on September 03, 2021, 01:21:04 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

I think it's a normal emotion accompanied by frustration because it's not that easy to pay a huge gas fee in dollars, and it seems that the gas fee drama is normal in the Ethereum Network nowadays because the EIP-1559 is failed to solve the Ethereum gas problem many of Dapp's developers are leaving Ethereum network now so I think Ethereum developers have felt it now.

Vishnu.Reang

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Quote from: GatotKaca on September 19, 2021, 07:56:58 AM

will the launch of ethereum 2.0 be a solution to the problem of very high transaction fees?
we know ethereum has been developing for a long time, the use of blockchain technology from ethereum has also been developed by other projects that offer higher TPS. Ethereum transactions are also very crowded which makes these fees difficult to bring down. I think ethereum 2.0 probably won't have a big impact on these expensive transaction fees.

I have been hearing this for the last one year, but the gas fee has remained the same. Someone told me that the Berlin Hard Fork would result in a reduction in the gas prices. More than 6 months passed since the hard fork was activated, but I am yet to witness any noticeable change in transaction fee. From what I have seen, there is little enthusiasm from the part of the ETH developers to reduce the gas prices. They are always going for delaying tactics rather than real solutions. On the other hand, lightning has resulted in a 20x reduction in Bitcoin transaction fee.

GatotKaca

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Quote from: jrrsparkles on September 19, 2021, 03:39:39 AM

OP is talking about the ethereum blockchain so it is not a new one and also undergoing lot of developments, even now the roll out of ETH2.0 is under progress so after the complete roll out we can expect the fee to be decreased drastically. But if the number of transaction coming into the network keeps increasing then there is no way to stop the increase of fee, probably you have to move to another coin which has higher TPS.

will the launch of ethereum 2.0 be a solution to the problem of very high transaction fees?
we know ethereum has been developing for a long time, the use of blockchain technology from ethereum has also been developed by other projects that offer higher TPS. Ethereum transactions are also very crowded which makes these fees difficult to bring down. I think ethereum 2.0 probably won't have a big impact on these expensive transaction fees.

yazher

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The bad thing about this gas fee problem is when you only want to buy a product that used the Ethereum network and instead of paying only the item you want to buy, you will force to also pay the gas fee which sometimes has the same price from the item you gonna buy. I spent about x2 the price of the NFT I bought because of this high gas fee of the Ethereum network. I hope they can fix this issue because if they won't do anything, their competitor will move and they will regret it.

Ryker1

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Quote from: TinaK on September 19, 2021, 06:41:18 AM

^{^[snip]}
Until when? I thought before when volume 2 will release this problem will solve but it is not.

Well I feel you bro, no one is really happy to see that the ethereum gas fee is so high, according to Coindesk [1], --since last year there are tons of transactions in the network that makes every transaction becomes high and until now, their network did not recover from a high fee which is also the demand has been having an effect, imagine there are a lot of projects that relying upon under with ethereum network and now we have NFTs projects that very hot in the market. The fees will always be like this.
^{[ [1] https://www.coindesk.com/markets/2020/08/13/decentralized-finance-frenzy-drives-ethereum-transaction-fees-to-all-time-highs/ ]}

cryptoaddictchie

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Quote from: TinaK link=topic=5358009.msg57971742#msg57971742

Until when? I thought before when volume 2 will release this problem will solve but it is not. I can't even transfer my token even I have a balance of $20 Eth in my wallet.

As much as Id liked to transfer too some of my tokens or sell I cant due to this, what can we do? Actually nothing for now but to wait, until when thats a question I couldnt amswered cause even the developet themselves arent sure when everything can be fixed. Its not actually a problem itd only an effect of too much usage on their network that cant be accommodate due to congestion.

TinaK

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Quote from: cryptoaddictchie on September 19, 2021, 06:35:06 AM

Dont be shocked dude, with current pumped of ethereum network and all the trend in the nft. There are lots who are using the network that probably cause the gas fee to increase. Maybe eth has problem scaling it and thats for sure a long time problem in their network, but Im sure Vitalik are working off his ass to have a solution for this. But if you want a smaller fee then you should do other networks like avax, bsc, polygon and fantom.

Until when? I thought before when volume 2 will release this problem will solve but it is not. I can't even transfer my token even I have a balance of $20 Eth in my wallet. Ethereum now suffers in clogging each transaction and they becomes congested network since they are also other networks that rely on them. Before, when the bitcoin transaction fee will increase I will be jumped into Ethereum, but now, I can't because it has a high gas fee too.
I always visiting on gastracker ( https://etherscan.io/ )gastracker site hoping that it will drop the gas fee so that I can move my token into the exchange.

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