Ethereum is really vexing me, i never thought i time will come where ETH transaction fees will rival BTC, But it did and evem went above it. Ethereum was supposed to be and altcoin to BTC in terms of fees but currently as i type this post it isn't. So sad vitalik couldn't keep is end of the bargain, wen he declared creating a coin that will give fees below a cent. I am no longer using the ethereum chain just because of the rise in fees.
Topic: Why Gas Fee is too High? (Read 622 times)
Fees on ethereum are currently very expensive but if we have ERC20 tokens then we need transactions with ETH then how do we get around this so the fees are low, we can do all of that by changing the existing GWEI when we are going to do token transactions or we just have to wait for the right time when GWEI is low on Ethereum because the fees given will not continue to be high. There are certain times when Ethereum fees are also low, although not as low as other chains like Polygon and BSC.
The solution is to wait for gwei to become low-cost then you can make transactions for sending erc20 or swaps on uniswap, besides that there is no alternative to deal with the decline in gwei in transactions. The transaction fee has dropped in the past week with a fee of 20 gwei so it is more friendly to everyone than the current gwei fee. 
Fees on ethereum are currently very expensive but if we have ERC20 tokens then we need transactions with ETH then how do we get around this so the fees are low, we can do all of that by changing the existing GWEI when we are going to do token transactions or we just have to wait for the right time when GWEI is low on Ethereum because the fees given will not continue to be high. There are certain times when Ethereum fees are also low, although not as low as other chains like Polygon and BSC.
After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
With this, I'm able to express my feelings.
High Ethereum gas fees are nothing new. Moreover, when making token transactions it reaches 10 times the Ether transaction fee. Doing a swap is also a fundamental consideration due to cost. I think it's part of increasing other blockchain users. Blockchain BSC, Polygon and others became alternatives after Ethereum gas costs increased.
I believe its no more a problem that eth gas fee do go high and sometimes low. This has been the issue since a while ago and with rise in nft patronage it has become so. Its not that people are cool with it, they just don't have a choice. I hope one day it will return to normal finally.
After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
What I didn't see here is that you are free in a high transaction of an arc because of a long lasting problem not because of some scaling problem which is increasing the speed of the transaction I think and realize they will be as significant as possible here We have to wait for that. I hope Ethereum will do the transaction which will be within the reach of all and everyone will be happy with the transaction. With this, I'm able to express my feelings.
When anything that has not valued for a high price yet, the circumstances is low or let me say way back years ago, Bitcoin isn't that huge price yet, it's transactions fee is only low. Also, ethereum in the other hand when it's only having low price, it's transactions fee also only low, but now both bitcoin and ethereum coin has a huge transaction fees because of their fame and value. I think it's going to happen to bnb whenever it reaches its higest peak price value.
The gas fees are too high because FUCK ETHEREUM! 
The gas fee given to ETH is indeed very high and that's because it follows the price in GWEI that is given when you make a transaction, but there are some smart contracts that provide high gas fees so even though we get a low GWEI, the transaction fee given is also decent. high so that if we make small transactions it looks like we have to spend a lot of money, usually before making a transaction on the eth platform first check the average transaction fee on the token on the last transaction on the token.
The demand of using ether network is still high and people normally using it even after complaining. Besides ether team should know how important it is but developers still unable to minimize fee during transaction and Whatever they able to minimize, that is inconsiderable. Ethereum 2.0 update is just giving people hope since so many years and now it suppose to be, It won't be normal soon. We have to suffer with it for long even we are already in.
The question remains as to when Ethereum 2.0 will launch and how many times the developers will postpone the full launch of the main network. I have big doubts that we will see it this year, or even next year. Development keeps getting delayed, and the problem of high commissions remains. The demand for the network is increasing again now, and if a new token hyip starts, we will see prohibitive values for gas again.
Yes, Vitalik Buterin himself often talks about the problem of high commissions, that after sharding it will be possible to reduce the commissions. Only when all this will be launched is a big question.
The demand of using ether network is still high and people normally using it even after complaining. Besides ether team should know how important it is but developers still unable to minimize fee during transaction and Whatever they able to minimize, that is inconsiderable. Ethereum 2.0 update is just giving people hope since so many years and now it suppose to be, It won't be normal soon. We have to suffer with it for long even we are already in.
Are Ethereum fees really that high? I remember seeing 200-300 gwei transaction prices, everytime market makes huge changes. We see market price changed for 5 to 10% during last 24h and Ethereum fees are as low as they were two days ago. Most of crypto gained 15-25% during last 7 days, Ethereum fees are still 10-20 gwei. People say that paying for $2-15 is expensive for a transaction, that they are used to pay <$1 for a transaction. But Ethereum does not cost $200-400 anymore. The product itself became expensive, transaction can not cost same as they were years ago. So does Ethereum fee really high ?
The concern about the high ethereum fees is actually only felt by those who follow the bounty campaign, for people who make large transactions I don't think it will be a problem for Ethereum transaction fees, even transactions must change from year to year, this will follow how they travel, but if compared to other transactions, is it true that Ethereum is more expensive than others, the expensive category really depends on the transaction used?After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
The Ethereum network is very much avoided by people nowadays, because the gas fees for their transactions are quite insane, for bounty hunters this is the most avoided network for now, but strangely this network is still very big and strong for now, personally I also still wonder why this can happen, even though the cost of gas per transaction in their network is very expensive, it is better to avoid transactions on this network, because there are many other networks that are cheaper and more affordableWith this, I'm able to express my feelings.
The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.
There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.
I don't think the gas fee for ethereum blockchain is too high, just average for now.
As long as the gas fee is below 100 gwei, we should not consider it high.
It is just the ethereum price is high in USD value and the gas fee looks high because we convert it to USD value.
It's average now but it's still quite expensive. Unlike before that, we can really tell that the fees were low and cheap. 50-100 gwei for the fee is still quite high.As long as the gas fee is below 100 gwei, we should not consider it high.
It is just the ethereum price is high in USD value and the gas fee looks high because we convert it to USD value.
You transact with the erc20 tokens and that's going to still hit you and say that it's quite that much.
transaction of altcoins is responsible behind increasing of eth fee. Cause most of altcoins are on eth blockchain. When crypto industry passing through pump or dump, then people highly purchase or sold their altcoins. More transaction creates more pressure on eth blockchain. That time its block capacity get overloaded, no space for transactions. Then block only accept transaction id which come fast! But for fast transaction, need high fee. Otherwise transactions take long time to get a block or failed sometimes
Facts surrounding the increase of ETH gas fees, there's so many people that use the ETH network to transfer their coins to another wallet. Each coin that is categorised under ETH network is usually very high when it comes to gas fees. Perhaps, it's a general and familiar Network people used for transferring their coins. One of the major reasons they don't trade under other networks is because they are not familiar with it. I recommend the TRC 20 network rather than wasting funds all in the name of transferring your coins. All you have to do is purchased TRX tokens, then you are eligible to transfer your coins, their Gas fee is usually small. For instance, when transferring your usdt from Binance, you will have to pay a gas fees of 1usdt or half Of TRX you are transferring despite the amount your are transferring, sometimes it's gas fees is equivalent to 0.1 dollar. Unlike ETH network where your gas fees increase in accordance to the Quantity of coins you are purchasing. Isn't that simple?
transaction of altcoins is responsible behind increasing of eth fee. Cause most of altcoins are on eth blockchain. When crypto industry passing through pump or dump, then people highly purchase or sold their altcoins. More transaction creates more pressure on eth blockchain. That time its block capacity get overloaded, no space for transactions. Then block only accept transaction id which come fast! But for fast transaction, need high fee. Otherwise transactions take long time to get a block or failed sometimes
After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
The Ethereum network is very much avoided by people nowadays, because the gas fees for their transactions are quite insane, for bounty hunters this is the most avoided network for now, but strangely this network is still very big and strong for now, personally I also still wonder why this can happen, even though the cost of gas per transaction in their network is very expensive, it is better to avoid transactions on this network, because there are many other networks that are cheaper and more affordableWith this, I'm able to express my feelings.
The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.
There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.
I don't think the gas fee for ethereum blockchain is too high, just average for now.
As long as the gas fee is below 100 gwei, we should not consider it high.
It is just the ethereum price is high in USD value and the gas fee looks high because we convert it to USD value.
As long as the gas fee is below 100 gwei, we should not consider it high.
It is just the ethereum price is high in USD value and the gas fee looks high because we convert it to USD value.
For small traders the transaction fees for Ethereum are insane, so they avoid making transactions as much as possible, but for those who make large transactions, the fees are not a problem, so Ethereum is still very stable in the market.
Even as you said, many other networks tried to replace Ethereum but none of them worked, it needs a special study as to why Ethereum is so strong until now
Even as you said, many other networks tried to replace Ethereum but none of them worked, it needs a special study as to why Ethereum is so strong until now
Are Ethereum fees really that high? I remember seeing 200-300 gwei transaction prices, everytime market makes huge changes. We see market price changed for 5 to 10% during last 24h and Ethereum fees are as low as they were two days ago. Most of crypto gained 15-25% during last 7 days, Ethereum fees are still 10-20 gwei. People say that paying for $2-15 is expensive for a transaction, that they are used to pay <$1 for a transaction. But Ethereum does not cost $200-400 anymore. The product itself became expensive, transaction can not cost same as they were years ago. So does Ethereum fee really high ?
After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
You will soon feel familiar that if you continue to work in this field, I know many people who still do not realize its value and just want to have their own needs met. The GAS ETH fee is an issue that has been discussed a lot. Opinions are divided a lot, and most new people will not come to ETH, and old people always know to buy it more. With this, I'm able to express my feelings.
If take a closer look, All transactions on the Ethereum blockchain are made by smart contracts, which use gas to run. This means that there is no way to get rid of the need for gas. Some transactions, like a simple transfer of ether, will also use less gas than complex contracts that need a lot of calculations, data storage, access lists, and other things to work. It's very common for smart contracts to be used in the Ethereum ecosystem, so gas fees are a fact of life.
Gas fees are another thing that could hold Ethereum back until things like meeting users' needs are worked out. Not only users, many investors feel the same way about the above.
Gas fees are another thing that could hold Ethereum back until things like meeting users' needs are worked out. Not only users, many investors feel the same way about the above.
Jump to: