Why Gas Fee is too High? | Bitcointalksearch.org

Ormas212

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

if you are trader i guess it's better switch to another cheaper network like BSC, Solana, Phantom etc. i hear vitalik developed ethereum v2 for solved ethereum problem, you can read that here: https://ethereum.org/en/upgrades/vision/

Shasha80

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

Not only you are annoyed by the very high gas fees, all Ethereum network users feel the same way. This all happens because of the density of
transactions on the Ethereum network, which causes us to pay high transaction fees. But we can't do anything to make the gas fees decrease,
what we need to do is just be patient waiting for gas fees to decrease or choose to use another network to make transactions. Hopefully
the Ethereum development team will soon solve this problem, because this problem regarding gas fees has been going on for a long time.
If it is left like this, there is a possibility that Ethereum will be abandoned by its users. This is a serious problem that must be resolved immediately.

dansus021

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if you talking eth gas fee i feel that emotion too Grin

like imagine you buy something like donut that cost a dollar but fee 30$ kinda crazy right .

the problem is lot of transaction want to get approval first and high price of ethereum drive the gas fee is crazy and eth 2.0 will not come in 2-3 month.

just give some advice if u have token on eth and want to trade it try move it to centralized exchange is the best ways rather than struggling with approval and swap that give u headache

timerland

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

Well no one wants to pay hundreds of $ just to make a simple DeFi transaction...

I think it's probably wise for you to go to other chains, whether L2 or L1 to do smaller sized DeFi transactions. It's simply not feasible for retail investors to use ETH mainnet anymore.

Also, using a gas tracker will probably help you pick the best times to make a transaction (when there is less market congestion).

Cryptock

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

When there is panic on market, there are automatically a lot more trades on the Ethereum network (actually in all networks). The more transactions, the higher the fee, because everyone wants their transaction to be made first. The fact that everyone is in a hurry increases the transaction fee. In other words, it depends on us, the users.

goinmerry

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

It's not about ETH networks being congested, it's just that they can't solve the problem even there's already an algorithm deployed to somehow minimize and reduced the transaction fees.

Even you will know the exact reason for it, it won't help. We can't expect to see cheap fees soon.

Better try alternatives rather than complain.

TimeTeller

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Quote from: WalkerIVIV on January 23, 2022, 07:16:47 PM

Paying two bucks for a single transaction in ethereum network is enough to make people feel so depressed with it. Look at this https://etherscan.io/gastracker

I need to pay around 80 USD for swap on uniswap and 30USD for ERC 20 transactions. It shows how bad this blockchain is. You can ask others who have paid these fees to trade on ethereum protocol and they will be saying the same thing like you. If you're feeling your emotion caused by this and that's a part of human.

You are feeling bad by seeing you must pay a lot of fees and i know how it feels today. This blockchain is so over rated blockchain.

This is the reason why new networks are rising their popularity of usage to address the high gas fees of eth network.
If you want to avoid high fees, and you are dealing with eth network, check the gastracker site first and execute your transaction when they are relatively low.
Otherwise, you have no choice but place your order and incur high fees.
And now that there are new networks like SOL or MATIC, maybe check these new networks if you can use them with your transactions.

GreatArkansas

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

Ethereum has now become a chain for whales, if you are just a small person who just doing a little transaction on Etherum, you will just eat by transaction fees especially if you are interacting with a smart contract, with got higher transaction fees to compare to normal transferring Ethereum/ERC20 tokens.

My best solution is find other chain alternative to Ethereum chain, other chains are already proven that cheap transaction fees.

WalkerIVIV

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Paying two bucks for a single transaction in ethereum network is enough to make people feel so depressed with it. Look at this https://etherscan.io/gastracker

I need to pay around 80 USD for swap on uniswap and 30USD for ERC 20 transactions. It shows how bad this blockchain is. You can ask others who have paid these fees to trade on ethereum protocol and they will be saying the same thing like you. If you're feeling your emotion caused by this and that's a part of human.

You are feeling bad by seeing you must pay a lot of fees and i know how it feels today. This blockchain is so over rated blockchain.

aruldaroy

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

If you feel bad about the high ETH fees why don't you just switch to the BSC network which is cheaper than ETH fees.
Even though ETH is not too expensive anymore, but what can you say if the cost is still very high.

X-ray

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

There's no people that feel good after paying a very big fees to the network. They can use it for another purpose. It's not only you but me too. Im also feeling so bad when i need to interact with ethereum blockchain as i know i will be forced to pay so many fees that i didn't wanna pay it but i have no choice coz it's only traded on ethereum network and then i must have paid that.

Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

I feel my emotions with this Huh

It's normal and so many people are also feeling the same thing like you. This is not a bad thing. The gas fees is so high caused by so many transactions in queue and the block can't process it. That makes people become so crazy to put the fees as much as they can to deliver their transaction in less than 10 seconds caused by the block will always taking the priority transaction first. that's how ethereum blockchain work and if you're feeling bad and move to the second layer blockchain. this will make you feel better than use ethereum blockchain.

poodle63

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ETH is slow and so many rich traders wants their transactions gets confirmed first, that’s the exact reason and the cause of the high fee.
if you doesnt feel good paying that much fee you should just simply switch using other blockchain like BSC and matic, because most of the famous altcoins projects are also already bridging their tokens in matic because that’s the
only way for them to avoid the really high fee that could potentially waste a lot of money and most of the gaming based projects are in need of fast and intensive blockchain. you should just switch and use the alternatives.

sayaya17

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For a long time the cost of expensive gas on the ethereum network is indeed a big problem for many people. But I avoid it now by using other chains that are cheaper and of course very fast to make transactions. Try other alternatives by using other networks, so as not to spend money just like that.

Teraboy

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

Coz you have wasted a lot of money to pay the non sense fees that will make the miners even richer. As a user and you get rekt by wasting a lot of your money that can be used to buy some foods just to pay the greedy miners in ethereum network.
The fees caused by ethereum blockchain is slow as fuck. This blockchain is the slowest blockchain right now. Paying more to be in the priority block. that's what people did.

Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

I feel my emotions with this Huh

Yeah, you must feel so bad wasting so many money just to pay the transaction fees. that's bad enough for you. that's why i retire from using this slowest blockchain for this time.

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

If you feel bad, why did you want to pay for it in the first place ? if you really don't want to pay for it or are not willing to pay for the amount of fees you have to pay, then just ignore every transaction on the Ethereum network because there are big costs and can't be tricked properly

masterrex

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

IMHO, Like you, I was also annoyed with these expensive gas fees on the Ethereum network, and in my perspective, it was a form of Greediness because I believe that those Ethereum developers must do something about it, instead, they are condoning it and even proudly saying that Ethereum now a deflationary token by burning it from the portion of the collected gas fees, correct me if Im wrong but I believe Ethereum today is not the same Ethereum that I was using before.

Doell

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ah it turns out that until now there are still complaints about the high ethereum gas fee ,it has been a long time not transacting with ethereum because of that problem too ! I would just suggest forgetting it for a while and using another network because I have tried before by reducing gas and it will only eliminate your precious time

pakhitheboss

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It has been a year now or maybe more that Ethereum gas fee has bee pretty much higher. The main reason for it is network congestion.

Congestion means: There are too many transaction happening on Ethereum network which the network is unable to handle. At the moment Ethereum ecosystem is bigger than the blockchain itself. The higher gas fee is beneficial for Blockchains like BSC, matic and solana and this is one of the main reason why they are getting popular.

sunsilk

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It's been so long that the gas fee for Ethereum is totally outrageous. If you're transacting just like $10-$20, I don't think that it's worth to pay the gas fee.

But if you're dealing with $100, I guess that you can handle the expensiveness of the fee. And to answer that question of yours, it's on Ethereum's website.

Quote from: https://ethereum.org/en/developers/docs/gas/

WHY CAN GAS FEES GET SO HIGH?

High gas fees are due to the popularity of Ethereum. Performing any operation on Ethereum requires consuming gas, and gas space is limited per block. Fees include calculations, storing or manipulating data, or transferring tokens, consuming different amounts of "gas" units. As dapp functionality grows more complex, the number of operations a smart contract performs also grows, meaning each transaction takes up more space of a limited size block. If there's too much demand, users must offer a higher tip amount to try and outbid other users' transactions. A higher tip can make it more likely that your transaction will get into the next block.

Gas price alone does not actually determine how much we have to pay for a particular transaction. To calculate the transaction fee, we have to multiply the gas used by the transaction fee, which is measured in gwei.

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Quote from: Nancy0@ on January 22, 2022, 02:38:11 AM

Sometimes I feel not good after paying a High Fee on ETH, But I want's to know why this? Huh

I feel my emotions with this Huh

High gas fees on the ETH network will be an issue you will face for a long. Try an alternative network like BSC. If you are transferring literally the ETH, you don't have a choice but to face those high fees. To somehow ease the cost, only do transfers when it's necessary.

For token transfers, better consider moving them also when necessary.

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