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

mumang siat

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Quote from: Silberman on March 26, 2022, 10:56:19 AM

Quote from: ?? on ??

Quote from: mumang siat on March 21, 2022, 11:34:54 PM

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 affordable

ETH isn’t getting avoided by the masses at all, it’s just getting avoided by the small fries like us that couldn’t bear the massive gas fee required for ETH because it’s quite literally being flooded with all the NFT arts activities.
you see these NFT activities are always spending such tremendous amount of money for just the gas fee alone that it literally triggers the massive dramatic increases of gas fee in the platform.
the moment ETH is getting avoided by the masses is the moment its high gas fee mess getting solved in by itself so this statement in regard of ETH avoidance by the masses is more or less wrong.

The problem that has always bothered me about the ethereum network is that it is dependent on the new hype in order to be that busy, in the case of bitcoin even if we know that it can also become incredibly busy and expensive when the bull market is in full swing, a great deal of that also comes from people that are actually using bitcoin for stuff they need and they are not just speculating with other coins, however in the case of ethereum very few people are actually using it that way, and if this does not change then ethereum could eventually lose its place as the second most important coin in the market.

I think cases like this have been happening in Ethereum for a long time, but strangely they still hold a good position in the market, no one can replace the number two position for ethereum, this is what makes them bigger, even the users who use this network are not small class, there are a lot of big deals involving them for now, but I also think that if this continues, they will have a hard time maintaining their position in the long term.

Quote from: Tony116 on March 26, 2022, 11:51:03 AM

Quote from: mumang siat on March 21, 2022, 11:34:54 PM

Quote from: John_40 on March 15, 2022, 03:18:01 AM

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 affordable

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.

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

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Quote from: Tony116 on March 26, 2022, 11:51:03 AM

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.

And if we noticed, most hacks that are happening now is either from bsc or from the other newer networks. People only complain about how high the fee of the eth but they did not know that once they got hacked they can lose more than what they pay for the eth fees.

Hacks that are happening are not a joke because they are mostly billions if not trillions. other networks cant replace eth, it was like the eth cant replace btc but they are created only to serve as an alternative if one is not comfortable with the other. Until now a lot of us still believe that eth fees can return to normal and for that we are waiting for the deployment of eth 2.0 that is said to be coming now.

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The commission in Ethereum has decreased because so many projects have gone into layer 2 ecosystems.
https://l2beat.com/
NFT tokens are also well minted in L2 ETH. And sharding will still push through 3 or 6 months after the merger.

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Quote from: Rocky993 on March 25, 2022, 12:48:41 PM

Not all victims of the same situation understand how all the work can be done with so many Ethereum blockchain gas free. So much gas fee has made everyone think, there is no way to find a way to not cut so much gas fee in anything. Other blockchain jemon- BNB, MATIC, SOL all platforms have very low gas fees.

The problem of high commission will not be solved until the scalability problem is solved. And given the fact that the Ethereum blockchain is still the most popular among developers, it is also the busiest, which entails an increase in transaction fees. In addition, the cost is also affected by the high price of ETH, which exceeds alternative blockchains by dozens of times.

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Quote from: ?? on ??

ETH isn’t getting avoided by the masses at all, it’s just getting avoided by the small fries like us that couldn’t bear the massive gas fee required for ETH because it’s quite literally being flooded with all the NFT arts activities.
you see these NFT activities are always spending such tremendous amount of money for just the gas fee alone that it literally triggers the massive dramatic increases of gas fee in the platform.
the moment ETH is getting avoided by the masses is the moment its high gas fee mess getting solved in by itself so this statement in regard of ETH avoidance by the masses is more or less wrong.

You have to update the ETH gas fee recently because the gas fee has decreased drastically, now the gas fee is friendly for medium users who want to transact ERC20 transfers or trade on Uniswap. I'm sure for Q2 the ETH gas costs will be lower because NFT transactions have adopted many other networks such as BNB, Polygon, Fantom, etc.

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Quote from: mumang siat on March 21, 2022, 11:34:54 PM

Quote from: John_40 on March 15, 2022, 03:18:01 AM

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 affordable

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.

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Quote from: mumang siat on March 21, 2022, 11:34:54 PM

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 affordable

ETH isn’t getting avoided by the masses at all, it’s just getting avoided by the small fries like us that couldn’t bear the massive gas fee required for ETH because it’s quite literally being flooded with all the NFT arts activities.
you see these NFT activities are always spending such tremendous amount of money for just the gas fee alone that it literally triggers the massive dramatic increases of gas fee in the platform.
the moment ETH is getting avoided by the masses is the moment its high gas fee mess getting solved in by itself so this statement in regard of ETH avoidance by the masses is more or less wrong.

The problem that has always bothered me about the ethereum network is that it is dependent on the new hype in order to be that busy, in the case of bitcoin even if we know that it can also become incredibly busy and expensive when the bull market is in full swing, a great deal of that also comes from people that are actually using bitcoin for stuff they need and they are not just speculating with other coins, however in the case of ethereum very few people are actually using it that way, and if this does not change then ethereum could eventually lose its place as the second most important coin in the market.

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Not all victims of the same situation understand how all the work can be done with so many Ethereum blockchain gas free. So much gas fee has made everyone think, there is no way to find a way to not cut so much gas fee in anything. Other blockchain jemon- BNB, MATIC, SOL all platforms have very low gas fees.

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Quote from: Republikcoin.com on March 24, 2022, 09:42:20 PM

Quote from: mumang siat on March 24, 2022, 03:05:45 AM

That's what I mean, the ethereum network is no longer used by people who do small trades, because this does not balance opinion with trade, while bounty participants just follow the existing rules, but almost all campaigns have switched to BSC, although there are still some which uses the ethereum network, even I've experienced network changes from ethereum to BSC in several bounty campaigns. Let alone the participants, even the bounty manager has difficulty using the ethereum network

For use around bounties, it is no longer suitable for use because it is constrained by the number of transactions that must be carried out by the team when the distribution arrives.
So it is very natural that there are bounties that have to switch to BSC to save on spending excess transaction fees so that all participants can get paid after working in the bounty.

well that's true, I also follow the bounty on the BSC network, because the distribution is always smooth, and selling the tokens obtained is also very easy,
this is different to Ethereum, I still have coins from the previous bounty, and are still on the Ethereum network,
because it is difficult to sell and must But Fees are high I choose to store it in my wallet.

mumang siat

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Quote from: Republikcoin.com on March 24, 2022, 09:42:20 PM

Quote from: mumang siat on March 24, 2022, 03:05:45 AM

That's what I mean, the ethereum network is no longer used by people who do small trades, because this does not balance opinion with trade, while bounty participants just follow the existing rules, but almost all campaigns have switched to BSC, although there are still some which uses the ethereum network, even I've experienced network changes from ethereum to BSC in several bounty campaigns. Let alone the participants, even the bounty manager has difficulty using the ethereum network

For use around bounties, it is no longer suitable for use because it is constrained by the number of transactions that must be carried out by the team when the distribution arrives.
So it is very natural that there are bounties that have to switch to BSC to save on spending excess transaction fees so that all participants can get paid after working in the bounty.

That's why I say many bounty participants avoid this network, because when distribution arrives, it will be difficult for us to exchange existing coins, especially tokens or coins that we have few, whereas transactions are usually expensive, this actually harms them the bounty partisipatif

Quote from: Ngemmeng on March 24, 2022, 10:08:25 PM

Quote from: mumang siat on March 21, 2022, 11:34:54 PM

Quote from: John_40 on March 15, 2022, 03:18:01 AM

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 affordable

To be honest as a bounty hunter and airdrop hunter I don't avoid projects on the ETH network because most of the new altcoins I get on the ETH network have high prices. In other words even though the ETH network has high network fees it will be covered by high coin prices.
if you have coins on the ETH network and the transaction fees are much more expensive than the price of the coins, the best step is to hold and wait for the ETH network fees to one day drop drastically as they are today.

waiting for transaction fees on the ethereum network will actually reduce opinions, for example we sell coins at current prices, then the results we will receive are small, especially now that we receive very little coin distribution bonuses, if the coin price soars, the coins given are not too many , and I've experienced this, basically I think the ethereum network is no longer suitable for bounty participants now

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Quote from: mumang siat on March 21, 2022, 11:34:54 PM

Quote from: John_40 on March 15, 2022, 03:18:01 AM

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 affordable

To be honest as a bounty hunter and airdrop hunter I don't avoid projects on the ETH network because most of the new altcoins I get on the ETH network have high prices. In other words even though the ETH network has high network fees it will be covered by high coin prices.
if you have coins on the ETH network and the transaction fees are much more expensive than the price of the coins, the best step is to hold and wait for the ETH network fees to one day drop drastically as they are today.

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Quote from: mumang siat on March 24, 2022, 03:05:45 AM

That's what I mean, the ethereum network is no longer used by people who do small trades, because this does not balance opinion with trade, while bounty participants just follow the existing rules, but almost all campaigns have switched to BSC, although there are still some which uses the ethereum network, even I've experienced network changes from ethereum to BSC in several bounty campaigns. Let alone the participants, even the bounty manager has difficulty using the ethereum network

For use around bounties, it is no longer suitable for use because it is constrained by the number of transactions that must be carried out by the team when the distribution arrives.
So it is very natural that there are bounties that have to switch to BSC to save on spending excess transaction fees so that all participants can get paid after working in the bounty.

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Quote from: Rasa nanas on March 24, 2022, 05:07:26 AM

a few days ago I made a transaction on the ETH network and I was quite surprised because the current ETH network fee is not as high as it used to be, I think this is happening because the current market conditions are in a bearish phase so that the transaction volume on the ETH network is decreasing.
if you have coins on the ETH network maybe now is a good time to sell because it is very possible in the near future the cost of the ETH network will go up again.

I think Ethereum fees have decrease, because there is a decrease in interest to NFTs, meme coins are mainly on BSC blockchain, and hype of swapping everything is also decreasing. Fees are slowly returning to normal. Of course it will be stupid to expect Ethereum fees to return to "several cents" level, but I think we wont see $100-150 fees and transactions can still fail to be confirmed.

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a few days ago I made a transaction on the ETH network and I was quite surprised because the current ETH network fee is not as high as it used to be, I think this is happening because the current market conditions are in a bearish phase so that the transaction volume on the ETH network is decreasing.
if you have coins on the ETH network maybe now is a good time to sell because it is very possible in the near future the cost of the ETH network will go up again.

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Quote from: Republikcoin.com on March 23, 2022, 04:59:05 AM

Quote from: mumang siat on March 23, 2022, 03:08:58 AM

I mean those who avoid the ethereum network are bounty hunters, not for the common people, because when there is a coin exchange involving the ethereum network it will be difficult for them, because the high gas costs do not make adjustments to the exchange, but for those who make large exchanges against the ethereum network. ethereum is not a problem with those transaction fees, that's why ethereum is getting bigger now

The Ethereum network is now only used by rich people who make large amounts of transactions while bounty participants only adjust requests via bounty rules because if a good bounty asks for an ERC-20 address, I think they will also give it because that is the rule, but because now there are not many bounties that use the Ethereum network anymore, so bounty participants must be able to adjust this so they can follow the existing bounties.

That's what I mean, the ethereum network is no longer used by people who do small trades, because this does not balance opinion with trade, while bounty participants just follow the existing rules, but almost all campaigns have switched to BSC, although there are still some which uses the ethereum network, even I've experienced network changes from ethereum to BSC in several bounty campaigns. Let alone the participants, even the bounty manager has difficulty using the ethereum network

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Quote from: mumang siat on March 23, 2022, 03:08:58 AM

I mean those who avoid the ethereum network are bounty hunters, not for the common people, because when there is a coin exchange involving the ethereum network it will be difficult for them, because the high gas costs do not make adjustments to the exchange, but for those who make large exchanges against the ethereum network. ethereum is not a problem with those transaction fees, that's why ethereum is getting bigger now

The Ethereum network is now only used by rich people who make large amounts of transactions while bounty participants only adjust requests via bounty rules because if a good bounty asks for an ERC-20 address, I think they will also give it because that is the rule, but because now there are not many bounties that use the Ethereum network anymore, so bounty participants must be able to adjust this so they can follow the existing bounties.

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Quote from: ?? on ??

Quote from: mumang siat on March 21, 2022, 11:34:54 PM

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 affordable

ETH isn’t getting avoided by the masses at all, it’s just getting avoided by the small fries like us that couldn’t bear the massive gas fee required for ETH because it’s quite literally being flooded with all the NFT arts activities.
you see these NFT activities are always spending such tremendous amount of money for just the gas fee alone that it literally triggers the massive dramatic increases of gas fee in the platform.
the moment ETH is getting avoided by the masses is the moment its high gas fee mess getting solved in by itself so this statement in regard of ETH avoidance by the masses is more or less wrong.

I mean those who avoid the ethereum network are bounty hunters, not for the common people, because when there is a coin exchange involving the ethereum network it will be difficult for them, because the high gas costs do not make adjustments to the exchange, but for those who make large exchanges against the ethereum network. ethereum is not a problem with those transaction fees, that's why ethereum is getting bigger now

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Quote from: BuNga_cute on March 22, 2022, 06:58:33 PM

It has been a long-standing problem related to the high ETH gas fee, and we really can't do anything if the ETH development team doesn't fix it
right away. But I have the same suspicion as you, because Vitalik Buterin should have known about it, but impressed the ETH development team
did not fix it seriously. It seems that Vitalik Buterin wants a condition where the gas fee is very high. Due to the fact that the popularity of ETH
has not been greatly affected by the high gas fees, there are still a lot of people who continue to use the ETH network. Finally, what we can do is
switch to using other platforms that offer lower costs than ETH. So don't stress too much about this problem, because now there are many other
options that we can use, I am also now starting to reduce using the ETH network and starting to switch to using BSC which has proven to be cheaper.

I think Vilatik Buterun as ETH developer have know about how much gas fees using his network but keep existing almost several years and never fix or bring with lower gas fees at the future, beside gas fees up have advantage for mining hunter and they are waiting with ETH gas fees keep stable with higher values. But latest news about ETH 2.0 have been relaunch with already adopted where will impact with ETH gas will going down, but still not have exact date about when launching with ETH 2.0 and could adopted how to make effective lower gas fees when sending ERC20 coin network.

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Quote from: Hypnosis00 on March 22, 2022, 06:36:16 PM

Quote from: Imran232 on March 22, 2022, 06:04:41 PM

Let me clarify first, I don't have any technical knowledge, but as per my research, I got some information regarding etherum's high fees. First, it depends on the demands of users and how much users are sending or transferring funds through the Ethereum network. Actually, because of the ethereum network, lots of new projects are being built on the networks and they are transferring through the network.

Well, you are right, heavy traffic may cause gas fee increase but we are in this situation for many years which is not normal anymore or this really be the thing now? Mr. Vitalik didn't take action to lower the fees, it seems like he also preferred for this situation to turn like this. And I really think that we don't need to out this hard, in fact, we have other options like BSC and Polygon platforms where we can save some fees. As I believe that there is no way to help it down coz even the developers do nothing about this.

It has been a long-standing problem related to the high ETH gas fee, and we really can't do anything if the ETH development team doesn't fix it
right away. But I have the same suspicion as you, because Vitalik Buterin should have known about it, but impressed the ETH development team
did not fix it seriously. It seems that Vitalik Buterin wants a condition where the gas fee is very high. Due to the fact that the popularity of ETH
has not been greatly affected by the high gas fees, there are still a lot of people who continue to use the ETH network. Finally, what we can do is
switch to using other platforms that offer lower costs than ETH. So don't stress too much about this problem, because now there are many other
options that we can use, I am also now starting to reduce using the ETH network and starting to switch to using BSC which has proven to be cheaper.

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Quote from: Imran232 on March 22, 2022, 06:04:41 PM

Let me clarify first, I don't have any technical knowledge, but as per my research, I got some information regarding etherum's high fees. First, it depends on the demands of users and how much users are sending or transferring funds through the Ethereum network. Actually, because of the ethereum network, lots of new projects are being built on the networks and they are transferring through the network.

Well, you are right, heavy traffic may cause gas fee increase but we are in this situation for many years which is not normal anymore or this really be the thing now? Mr. Vitalik didn't take action to lower the fees, it seems like he also preferred for this situation to turn like this. And I really think that we don't need to out this hard, in fact, we have other options like BSC and Polygon platforms where we can save some fees. As I believe that there is no way to help it down coz even the developers do nothing about this.

Topic: Why Gas Fee is too High? - page 2. (Read 622 times)