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Title: why is ETH gas again very expensive? Post by: IfixTchenTchen on January 04, 2018, 01:12:36 PM For the past 24 hours gas for Ethereum has again become very expensive, at least 21 Gwei.
https://ethgasstation.info/ Anyone knows why? Some other game like the cryptokitties perhaps? Title: Re: why is ETH gas again very expensive? Post by: SanZoldyck on January 04, 2018, 01:20:35 PM In my opinion, the rampant use of ETH as well as larger blocks and the rise in ETH prices and making Gas the greater the price to send!
Title: Re: why is ETH gas again very expensive? Post by: IfixTchenTchen on January 04, 2018, 01:23:26 PM In my opinion, the rampant use of ETH as well as larger blocks and the rise in ETH prices and making Gas the greater the price to send! This is generally true, but up to a few days ago you could still use ETH with a price of 4 Gwei - now 21 Gwei is a huge rise, now you need to spend half a dollar if you want to send anything. Title: Re: why is ETH gas again very expensive? Post by: RakelA96 on January 04, 2018, 01:45:03 PM For the past 24 hours gas for Ethereum has again become very expensive, at least 21 Gwei. https://ethgasstation.info/ Anyone knows why? Some other game like the cryptokitties perhaps? one of the factors is the density of transactions on the blockchain, we know that the slow or faster of a transaction is determined by the fee, and see the price of ethereum now .. I think it is appropriate for the price ethereum now and don't forget for the miner You can also adjust the gas according to your needs,many fee, faster transaction .. https://ethgasstation.info/ only gives gas recommendations for quick delivery at that time Title: Re: why is ETH gas again very expensive? Post by: 12retepnat34 on January 04, 2018, 01:51:28 PM I think it is just fair for us and to the miner because the ethereum price is increasing and 4gwei is very small for the current price of ethereum and 21gwei is the good gas price for that, just like bitcoin transaction fee that instantly change depend to the value of btc.
Title: Re: why is ETH gas again very expensive? Post by: sangkler11 on January 04, 2018, 02:01:03 PM some question
I am also confused by this situation with so high gas prices I can't send my tokens smoothly, I don't know what causes it, we better wait until the gas prices normal Title: Re: why is ETH gas again very expensive? Post by: newegggo on January 04, 2018, 02:02:54 PM I also think the transaction fee is too high.
It it not practical to make small transactions with such a high fee. Title: Re: why is ETH gas again very expensive? Post by: shaheer001 on January 04, 2018, 02:23:59 PM Ethereum fee is high if you use low gas then your transaction stuck some where and you need to wait some time 24 hours. so this is the great fault in ethereum. I personally think and suggest to lower the fee and fast the transactions as Ethereum is now 2nd great network in crypto world.
Title: Re: why is ETH gas again very expensive? Post by: BaeNaNa on January 06, 2018, 07:34:02 AM The transaction fee is expensive because there's a lot of people that want to send their token and the fact that ethereum price increase a lot that sending token using high gas limit and price become so expensive. You can try using the lowest safe gas price at ethgasstation if you want to reduce the fee or lower it even more if you don't mind waiting for a long time.
Title: Re: why is ETH gas again very expensive? Post by: Kola on January 06, 2018, 07:40:35 AM "Ethereum aims to take the promise of decentralization, openness and security that is at the core of blockchain technology and brings it to almost anything that can be computed.” - Vitalik Buterin
Ethereum has the potential to change the way humans transact with one another but it is still a very young technology and it hasn't been without its problems. While the blockchain architecture underlying the Ethereum network is secure, not all of the applications built on top of it are. Title: Re: why is ETH gas again very expensive? Post by: kwabeedat on January 06, 2018, 07:47:26 AM it's also related to the regent recent uprise in ETH price. Due to that many people are tradding ETH, and trading volume is increasing and so the blockchain gets congested. But with time it'll come back to normal
Title: Re: why is ETH gas again very expensive? Post by: Enbloc on January 06, 2018, 08:12:09 AM Gas prices fluctuate depending on network performance and miners' needs/demand. It's natural that a network processing record breaking levels of transactions will have some growing pains but so far everything has been going pretty smoothly. I can't wait for sharding and PoS -Chaz
Title: Re: why is ETH gas again very expensive? Post by: rizkyhiw on January 06, 2018, 01:20:42 PM Most likely if you lower the price of the gas then the process will be longer than usual, this is reasonable.when a coin becomes expensive, It will affect the whole.
That's because the block size limit does not make sense, as a miner so there is an incentive to restrict the unit, each kilobyte increase the block's stale frequency and consequently, jeopardize the rewards for blocking. Take into account the value of 8 seconds / MB. well, I have another way if you want your transaction to be very cheap. Such as swapping it into a doge and there you will get a cheap fee. Title: Re: why is ETH gas again very expensive? Post by: anitaraymonds on January 06, 2018, 01:24:36 PM I noticed this problem this morning as I tried to use Etherdelta and i thought it was a network issues. This is real bad and I really need to do this transaction. Some one should help the fees are getting to the roofs again.
Title: Re: why is ETH gas again very expensive? Post by: lumeire on January 06, 2018, 02:15:32 PM Seems we're hitting a similar scaling situation that happened to BTCBTCBTC few months back. Hope this resolves quickly.
Title: Re: why is ETH gas again very expensive? Post by: cryptotitan on January 06, 2018, 02:20:39 PM BTC and ETH have the same issues slow tx speeds makes the fees higher,if this cant be resolve by these two new coins will dominate in the future.
Title: Re: why is ETH gas again very expensive? Post by: cryptoblazter on January 06, 2018, 07:28:08 PM For the past 24 hours gas for Ethereum has again become very expensive, at least 21 Gwei. https://ethgasstation.info/ Anyone knows why? Some other game like the cryptokitties perhaps? Maybe it is because bitcoin get higher or Ethereum gets higher. Which the gas gain very expensive, Which is the main reason why I cannot withdraw my balance on ED because my eth balance is not enough. So I am oblige to adjust my gas to make my transaction will be finish. Title: Re: why is ETH gas again very expensive? Post by: Avirunes on January 06, 2018, 08:02:13 PM BTC and ETH have the same issues slow tx speeds makes the fees higher,if this cant be resolve by these two new coins will dominate in the future. Umm. Not slow TX speed but I would say fast TX speed in eth network as the main cause. When there is lot of transactions in network, miners can either increase the gas limit or can increase the Gwei(gas price). Difference between the both is that by increasing the gas limit they would start confirming more transaction irrespective of state of gas price of a TX. However in case of increasing the gas price ,miner will confirm TX with recommended fees and higher and will leave those with low fees which is happening here. Title: Re: why is ETH gas again very expensive? Post by: Mary_Swift on January 06, 2018, 09:24:08 PM it's also related to the regent recent uprise in ETH price. Due to that many people are tradding ETH, and trading volume is increasing and so the blockchain gets congested. But with time it'll come back to normal Are you sure that with time it'll come back to normal? Is it possible that the situation will stabilize but the price will remain unchanged?Title: Re: why is ETH gas again very expensive? Post by: Haslett5236 on January 06, 2018, 09:26:42 PM i am so sad that bitcoin's problem happen in ethereum again . let see how VK can solve this problem
but actually the price of ethereum is moving up. Title: Re: why is ETH gas again very expensive? Post by: Eddyc on January 06, 2018, 09:43:49 PM In my opinion Ethereum just does not have a higher price, because of these problems, the network is too heavy, it is time to change these problems or create a support structure.
Title: Re: why is ETH gas again very expensive? Post by: mariaana on January 06, 2018, 10:50:08 PM There are so many factors why gas becomes expensive. The recently reported hacking of etherdelta has prompted ICO to use smart contracts not just simple transfer. Smart contracts allow the performance of credible transactions without third parties and are trackable and irreversible. Miners also opted for higher transactions fees because of the increase expenses that they incur in mining. All transactions, from simple transfers to ICO smart contracts, require some amount of operations to perform. Each of these operations has an associated cost in gas. Thus, simple transactions like transfers will require less gas to perform than more intense smart contracts. The associated costs of mining like electricity has increased too because of the increase of fuel in the world market. Especially in the Philippines, the government has increase the excise tax for petroleum starting this January 2018 that triggered an increase in electricity, hardware parts and the like.
Title: Re: why is ETH gas again very expensive? Post by: vaso11 on January 06, 2018, 10:54:30 PM Okay, have increased the price of gas, but who will explain to me why the transaction do not go, I've been wanting to sell a coin on etherdelta many times and can not do it
Title: Re: why is ETH gas again very expensive? Post by: Avirunes on January 07, 2018, 02:50:45 AM Okay, have increased the price of gas, but who will explain to me why the transaction do not go, I've been wanting to sell a coin on etherdelta many times and can not do it This is because gas limit is also comparatively low. Also increase gas limit as well with gas price otherwise your transaction will run out of gas. Understand gas limit and gas price first. It's is beautifully explained here: Quote from: coinsutra.com To understand the other two components of the equation (gas limit & gas price), take this example: Let’s suppose you have a car which consumes 1-gallon of gasoline worth $10 per mile. Now, if you drive the car for 5 miles, it will cost you $50. This means that if you need to make your car work (or drive) for 5 miles, you will need to spend $50 by putting 5-gallons of gas into it. Similarly, to run a line of code or do an operation on Ethereum, you need to burn the appropriate gas limit (like in a car), where each “gas limit” (like the car’s gasoline) will have a per unit price called “gas price”. To clarify more: In a car, $10 (gas price) per gallon (gas limit). In Ethereum, 10 Gwei (gas price) per gas (gas limit). Note: Gwei is the measuring unit of gas price (I will discuss this further in the article). Gas Limit Usually, when one is talking about “gas” in Ethereum, they are referring to “gas limit”. This simply means some amount of fuel is required to execute that operation or run that particular smart contract code. Gas is a unit that gets translated further into Ether (ETH) as a cost of performing that action (or work). The requestor pays this cost to the miner who actually mines and validates that transaction (or action). On Ethereum, the gas limit is measured in the unit of “gas”. For instance, if you want to execute 5 lines of code on Ethereum successfully, it will require 5 gas units. Think of it just like your car which consumes 5-gallons of gasoline for a 5-mile drive. Gas limits are already defined on Ethereum depending upon how much code is needed to be executed on the blockchain for a particular operation. Also use https://ethgasstation.info for calculation of fees and gas limit. Title: Re: why is ETH gas again very expensive? Post by: semobo on January 07, 2018, 03:00:36 AM Ethereum gas price is increased due traffic in the ethereum network if you try to send your ethereum or tokens with less flgas then your transaction will be stucked for days.I think this is the main drawback of cryotocurrency when it got famous the transaction fee is high so people look for other coins so they need to find a way to make the transaction very faster.
Title: Re: why is ETH gas again very expensive? Post by: DaWidyaa on January 07, 2018, 03:18:02 AM I think such a situation is natural and fair, because the price of ETH automatically rises gas prices also rise, when eth prices rise and gas prices remain then the manager of eth loss.
Title: Re: why is ETH gas again very expensive? Post by: dark08 on January 07, 2018, 03:25:40 AM I think such a situation is natural and fair, because the price of ETH automatically rises gas prices also rise, when eth prices rise and gas prices remain then the manager of eth loss. You are right in that scenario the price of eth gas transaction are increase because the of ethereum are pump up like what happen to bitcoin transaction. Now you have option to increase your gwei atleast 21 or up to make the tx speed confirm quickly by the miner. Title: Re: why is ETH gas again very expensive? Post by: bamboylee on January 07, 2018, 03:43:09 AM I think such a situation is natural and fair, because the price of ETH automatically rises gas prices also rise, when eth prices rise and gas prices remain then the manager of eth loss. Should not if the network can support the number of transactions. It should remain within 4-8 gwei but currently it is above 20 gwei which is quite expensive. The problem with bitcoin is happening with ETH, just proves there is still no real solution to scaling problems. Title: Re: why is ETH gas again very expensive? Post by: Tynovten_ on January 07, 2018, 03:52:13 AM game like cryptokitty is not again the factor that caused gas is very expensive right now, it's because the leap on eth itself like we see the price of eth keep rising. and yesterday gas reach 60 gwei Title: Re: why is ETH gas again very expensive? Post by: marks1976 on January 07, 2018, 04:02:22 AM i am so sad that bitcoin's problem happen in ethereum again . let see how VK can solve this problem Who's VK? Did you refer to the vitalik king or king vitalik 8) But ethereum will become big and big in the future https://bitcoinmagazine.com/articles/ethereum-killer-ethereum-20-vitalik-buterins-roadmap/but actually the price of ethereum is moving up. roadmap 2.0 looks bring something that very useful for us as the ethereum platform users. Title: Re: why is ETH gas again very expensive? Post by: King Bounty on January 07, 2018, 04:05:41 AM it may happen because the price of ethereum that rises to $ 1000 so make the gas price go up too, because gas price use ETH and ETH price go up so that it influence, and vice versa if price of ETH down gas price also down
Title: Re: why is ETH gas again very expensive? Post by: Asyifiah on January 07, 2018, 04:08:34 AM maybe GAS Very expensive from request fee miner .
because for now cost for operational mining its so expensive too. and than transaction so hard every second on block. Title: Re: why is ETH gas again very expensive? Post by: kriticko29 on January 07, 2018, 04:20:44 AM Increase in ETH's price results to a sudden increase in transaction fee also. It is the same with bitcoin that most of exchanges has a constant amount of transaction fee. That means an increase also means a higher transaction fee.
Title: Re: why is ETH gas again very expensive? Post by: zarados on January 07, 2018, 04:33:49 AM Really? what wallet are you using? If you use MEW, you should be able to determine how much gas you use to send. Where there are 3 levels in the amount of gas you specify that is very very slow, maybe fast, and fast. And 20 Gwei listed as the default gas total and that still be on bottom level speed. Last time I see, it's only worth $ 1.
Title: Re: why is ETH gas again very expensive? Post by: adrianto1995 on January 07, 2018, 04:41:56 AM For the past 24 hours gas for Ethereum has again become very expensive, at least 21 Gwei. https://ethgasstation.info/ Anyone knows why? Some other game like the cryptokitties perhaps? I think Gas for ethereum become expensive because so many a lot people doing some transaction on ethereum blockchain like sending tokens to the exchanger or other wallet and it make ethereum traffic network become overloaded Title: Re: why is ETH gas again very expensive? Post by: mjnick01 on January 07, 2018, 04:57:37 AM In the thread, Ethereum co-founder and lead developer Vitalik Buterin presented a counter argument to madvas’ concern regarding gas costs. Madvas previously noted that to create a profile on Ethlance, it costs around 3.7 million gas. Buterin explained that if a smart contract initiation costs users 3.7 million gas, the application itself is coded suboptimally. He also emphasized that the Ethereum development team is at fault for not providing sufficient tools to carry out large data sets and smart contracts.
Title: Re: why is ETH gas again very expensive? Post by: jekanmasin on January 07, 2018, 05:26:38 AM 05/01/2018 I made a transaction with 55Gwei!without this fee I cant able to make a transaction so I did the transaction with this fees :( :( etherdelta really killing me with the gas fees need to be more 21gwei. i hate this blockchain. all i can see it cannot handle a big crowd data changes. everytime when some token got pump high the blockchain will need a high fees to give at the miner for fast processes and the small transaction will be stuck for a long time. just lame. this was blockchain weakness.Title: Re: why is ETH gas again very expensive? Post by: deadmousehat on January 07, 2018, 05:36:33 AM eth value increased $1000 of course gas price more expensive than before.
I've 1 pending transaction and need 3days to completed with 20GWEI. now ethereum have 33k pending tx, it's busy traffic. so it's normal to use high fees if you don't want your transaction pending Title: Re: why is ETH gas again very expensive? Post by: qiwoman2 on January 07, 2018, 06:04:33 AM I use maximum Gwei now for all my Eth transactions. I hate my Eth getting stuck so don't take any chances. I use 60 Gwei and around 120k gas to move Eth or other tokens around. I know it's a bit pricey but think about it, Eth is now sitting at over 1k USD so it's natural that the gas price will go up accordingly. It's still far cheaper than Bitcoin transfer prices at least. So we aren't doing too badly. Just best not to move around a too low amount of tokens or Eth.
Title: Re: why is ETH gas again very expensive? Post by: Muhammad Muneeb on January 07, 2018, 06:28:26 AM transactions are very expensive these days.. i transferred some cobs to ED to trade for eth and one of y friend sent me 0.5 eth 2 times but the transactions are still pending :-/ i didnt had the idea that ETH blokchain is again clogged now its been 3 days and transactions are still pending.. high gas need to be used to go through the transaction :-/
Title: Re: why is ETH gas again very expensive? Post by: SamboNZ on January 07, 2018, 07:42:28 AM Hoping that the transactions fees will come back to normal, I’m a little bit afraid that there will come a time that it will be on par with bitcoin when it comes to transaction fees.
Title: Re: why is ETH gas again very expensive? Post by: Komandor8957 on January 07, 2018, 07:54:41 AM I use maximum Gwei now for all my Eth transactions. I hate my Eth getting stuck so don't take any chances. I use 60 Gwei and around 120k gas to move Eth or other tokens around. I know it's a bit pricey but think about it, Eth is now sitting at over 1k USD so it's natural that the gas price will go up accordingly. It's still far cheaper than Bitcoin transfer prices at least. So we aren't doing too badly. Just best not to move around a too low amount of tokens or Eth. With such a trend, all airdrops are doomed. Usually there are few tokens in them and their cost is relatively small. I think that everyone will reduce the cost of translations by reducing gwei.Title: Re: why is ETH gas again very expensive? Post by: shaun98 on January 07, 2018, 08:40:34 AM Could be the number of ICO's happening at the moment, so the Ethereum network is clogged with transactions. Or maybe it is the fact that Ethereum hit $1000, so many people are FOMO-ing and buying into Ethereum and transferring it to their wallets, or the other way around and selling it instead.
Title: Re: why is ETH gas again very expensive? Post by: Andrey123 on January 07, 2018, 08:48:20 AM Is it possible to soon use Ether, will it be as costly as Bitcoin?
With its giant commissions and a very long time of transaction confirmation! Title: Re: why is ETH gas again very expensive? Post by: mbakruroh on January 07, 2018, 08:50:44 AM I think GAS eth has increased significantly over the next few years. with expensive GAS settings bias the transaction can run quickly and there is no delay. it happens because a lot of ETH transactions that take place every day.
Title: Re: why is ETH gas again very expensive? Post by: Crypto_Train on January 07, 2018, 08:52:48 AM With all the ICOs and Eths price increase i guess it can be expected. The price still isn't to bad. just up your Gwei and gas to get the transaction through.
Title: Re: why is ETH gas again very expensive? Post by: Gotomoon on January 07, 2018, 08:53:38 AM This is always happening eth gas are very expensive lately. Eth network too slow to process, maybe of too many users of this network. Well lets just hope they will make a resolution on this problem.
Title: Re: why is ETH gas again very expensive? Post by: kambaralikhan on January 07, 2018, 10:58:26 AM I think it's because of heavy traffic on blockchain. Few days ago I sent Ethereum to my friend at standard gas price and it took almost 3 days to complete the transaction. I increased the gas price from 10 Gwei to 60 Gwei and transaction processed very much quickly. If you want transaction processing fast, you better increase the gas price. Otherwise you will be struck in trouble.
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