Bitcoin Forum

Any reason for the Ethereum gas price being so high lately?

Maybe due to high loads of traffic on Ethereum network, but just ignore those one since if those one is recommended by the network then it will best to anyone to follow it since it could make their transaction more faster, And if you disobey it and lower down the gas then you will surely encounter a long delays of transaction things.

It depends on the traffic. If too many people are sending, the times are getting longer and more gas is needed. Sometimes you must give high gwei, sometimes low. You can check you need gas amount with https://ethgasstation.info :)

Ok I get that explanation but why such a high traffic then?
It's been going on for weeks now.

 In my opinion the reason is very high amount of ICOs these days that run on Ethereum, and especially the EOS ICO that runs already for half a year and will end up by the end of the month. The amount of traffic that all these ICOs generate is really significant, which consequently affects the gas prices. I think it's one of the reasons that more alternatives to Ethereum platform will soon emerge.

Here are the posible reasons base on experienced and what I know
 
1. I think it is because of you amount that you want to transact

2. It is because if the traffic many people thousands, billions of peoplw trade, sell and buy exchange and transfer it from time to  time.

It is not just you who do a transaction

Lets say

We have 2 lanes in the cyber space


Line 1

Fee is 1USD

And you have to fall in line  for that transfer

But for line 2 it is 2USD

And you have to fall in line too BUT it is much more faster than the fee of line one

In short the one who pays higher gets a transfer faster but not in one click because like I said many people do a transaction from time to time.

So it depends on the number of person sending or do transact from another person.  Sometimes i experience that the token i send was always pending then it always cancelled or failed, what happen on that? is that because of too many transaction happen or it is because the token i send was too cheap?

Increase in gas for sending on Ethereum network is always occurs whenever the traffic on Ethereum network is much, we experienced something of thi nature last year during crypto kitty’s issue on Ethereum network and the price of gas was like war then if I could remember properly.

It depends on the traffic bro because too many people sending and if you want to check gas price you can look it here ethgasstation.info.

I think the recent high gas prices may be caused by very crowded transaction traffic and require us to use more gas than the usual transactions

Is anyone reading here?
I know the high traffic raises gas price and you have to pay more fees to have your transaction working.
What I want to know is what recent event explains that congestion. Like someone said, there once was the crypto kitties issue but what is it this time?

I think it is because of the popularity of this gas
But are you really worried about it
do you have some explanation

Because miners can decide to increase or decrease the use of gas. The person who makes a transaction sets the price of gas and the miner can accept or not. This causes a real market to emerge around this gas system.

Ethereum also has a block size limit - so you pay for premium space in the next block, just like with bitcoins.

With Bitcoin, miners prioritize the transaction with the highest commissions. The same goes for Ethereum, since miners are free to choose to ignore operations whose gas is too low. The price of gas per transaction or contract is set to fit in with the Turing Complete nature of Ethereum and its EVM (Ethereum Virtual Machine).

It does not really matter how long it has been going since if there is more transaction being piled up day in day out anyway, it would still remain like that until it reduces. People have already given you the main cause and no one can know pretty much exactly what could be making the transaction to be that way.

Still, it is understandable like someone said, that people are trying to move their tokens and Eth into exchanges, since there is a possibility of a change in trend and they would not want to miss those peaks to sell and buy back lower which I believe explains why it could be that way.

The current load on the Ethereum network is caused by Bitguild's new game Ether.online. It's taken the first place by the number of transactions per 24 hours, it has even overtaken the Cryptokitties. And it's on the 3rd place among the top Ethereum dapps. So it's another indicator that ETH is not ready for such heavy load.

Using the high gas price can make you process your transaction surely and more faster. The heavy traffic is caused by the people who used the ethereum from time to time to buy and sell their coins. Following the rules can make you avoid the delays on your transaction. I did before not to increase the gas price and it come out to had error in my transaction and cannot send the coins in the exchange.

The price of gas has increased, as people are now performing a lot of transactions. A similar situation was when a game about crypto cats appeared on the network. Then the gas price jumped several times.

Thanks!
Finally someone with an intelligent answer.
As for the others stop spamming this thread. I understand you need to post for your signature campaigns but please post something that actually makes sense.

Because the ICO market is getting hot again recently.
And ETH's throughput is not large, so when a large amount of token is transferred, the ETH block will become congested.

From dappradar (https://dappradar.com/)
Ether.online has 1092 Tx in the last 24 hours and 10823 in the last 7d. This is very small. And has never taken the first place by the number of transactions per 24 hours.
It seems the reason is another...

Interesting. Thanks for the info, I had never heard about dappradar.

for the gas is now back to normal as usual, once the price of gas is very expensive caused by the price of coins at the time was also very expensive so it affects the price of gas on the ethereum.

Gas price in ethereum network always have a huge overpriced. I like a gas in Neo network because that another token.

Ether.online has a small percentage to affect the ethereum network. The demand for ethereum platform was increasing a lot and this can become the real reason that's why ethereum blockchain has bloated.
there are some reasons to prove this
1 The total transaction fees of ethereum network have been surpassing bitcoin - That means more adoption comes to the ethereum
2 There are more active wallets in ethereum network compared with bitcoin - Another reason to prove ethereum gets adopted by more and more people.

In fact, ether.online is not so savage as cryptokitties.

It seems to me that the price of gas can be so high because of the fact that a lot of transactions are now underway. I have been watching several times when the price of gas has risen. I think that in a few days the price of gas will become normal again.

This is a very plausible explanation. I remember that gas prices went up last December too when crypto kitties was utilizing the ethereum blockchain. I wonder how long this gas price hike will last

I agree that the fee recently is quite high but fortunately it isn't that high compared to the fee back then when cryptokitties was booming. Back then the fee can be more than 1 usd so i think the fee right now is quite low. The fee is high because there's a lot of transactions going on the chain right now or there's a big ico going on right now that make the network quite full.

Ethereum also has a block size limit - so you pay for premium space in the next block, just like with bitcoins.

just see the website given and looks good for me this game is updated version of crypto kitty the reason why the ethereum blockchain congested last year. But much more interesting graphic but the price of pet is so high i can afgord tp buy one. >:(

It is highly probable that ETH may be a source of disease. This situation affects us and everybody. I hope to recover soon and win the humanity. All projects and investments are for people to live comfortably.

Ethereum price has been on the upper side lately and most especially is showing some pretty good stand against bitcoin pair. However, it looks like some correction abounds, and there is a possibility that long term investors may be moving their Ethereum into exchanges to do some trades and take advantage of the opportunity so as to buy back lower and in that case, there would always be some sort of congestion and an increase in fee just like we always get to see when bitcoin is having a bull run.

Gas price is variable all the time depends on load average of the network. I would prefer to use Metamask Chrome browser extension or mycrypto.com, why? because both services calculate optimal amount of gas of the current timestamp. Perfect by me.

Apparently, it is high load of traffic which no one can simply say exactly what is causing it. It could be people making a whole lot of transfers within the network which warrants the increase in fee or probably we are getting to see the same issue with crypto kitten happening, which by now, the media would even have been able to bring it up as they would not miss it. My best bet is just a lot of people trying to do transaction and it is something I have come to find out when the market has risen hugely.

Today's oil and gas price is 10wei, which is already the lowest price recently. The market can finally use other cryptocurrencies to extract and deposit operations. Only if the fuel price stays below this price, can the market be willing to operate.

you can check your gwei, you can make it low so you dont have to pay so high for your transaction gas. for me, I only use 3-5 gwei when doing transaction, I dont consider it so high.

Projects like cryptokitties and some stupid ICO's are consuming the blockchain network and literally choking it. And this results in longer wait time for a transaction to complete and if you want your transaction to complete fast you have to pay the more ETH for the gas. That's why the gas price is increasing.

Base on what I know the gas fee goes high it is because of the line in the transaction base on what I experienced there is a minimum fee and the one that you can change. So in there for it is like this a  line that is much high and a normal one (still its expensive)

5USD Worth of fee is line one and this are the coins that you are selling

143$
155$
15$
199$

PS: Your coin will be line up but no matter what it is still depends on the buyer if he wants 15$ worth of btc or altcoin.

Same goes to another line that is worth 15USD in this line it is much faster

ALSO the feed increase because of the app and websites that you are using maybe the upgraded and  a fact that its possible the number of token/altcoins is generated  

And I made a research about that I really want to know the main purpose as I read the half the article I learn new things and here is the site  www.medium.com/@ed_resende/why-are-bitcoin-transaction-fees-so-high-f6dea69e7db7   (http://www.medium.com/@ed_resende/why-are-bitcoin-transaction-fees-so-high-f6dea69e7db7  )
Sorry not yet finish reading.

I think the best thing is that the cost is very small, even free, so that there is the possibility of promotion. The current cryptocurrency transaction costs are too high to be used in real life.

Because the Ethereum network is currently very congested. The first reason is the large number of ICOs that collect money in ETH. The second reason is the exchange, which conducts a listing of coins with a large number of replenishments.

Are there any DApps that are actually responsible for the increase in gas price? Augur?

Today's natural gas price is 11wei, and it costs $1 to make 10 transactions, which is very expensive. Such a fee is not able to withstand a large number of transactions, so in the enterprise and in many cases the transaction costs will be amazing, resulting in unusable.

what gas are you stupid is a forum where you discuss crypto projects Socratus

I think gas prices vary greatly all the time, but it all depends on the average load of networks we have. It could be that people make lots of transfers in the network which ensures a cost increase or maybe we will see new problems later, because both the service calculates the optimal amount of gas from the current timestamp, in my opinion it is very Perfect.

Maybe because of the bloody market happening this year and also the ethereum blockchain is lagging due to massive amount of users. But lately the ethereum gas price has been decrease so far thats why those ICO that wants to distribute their tokens to their investors and bounty hunters.

Naturally, if gas prices go up, because the traffic that uses also increases, it is very influential with all gas prices, so do not be a burden, there will be benefits of facilitating traffic.

With the sharp drop in fcoin prices, many people are no longer trying to trade in the exchange of tokens in the future, so that they are congested by Ethernet networks. This result is imaginable. Because this mode cannot continue.

I think the latest congestion in Eth network is due to the voting of coin get listed in the exchange and Fcoin is the creator of this because of the kind of voting they use, instead of amount value or value of tokens, it uses addresses that manage to send a token causing network overload.

It is just the ETHEREUM network the traffic in the ethplorer in some chains that has been used. Many people are now using ETH so it is normal that it slows the network but I am sure that ETH team will do a way to increase the speed of it and make it fast again and also the GAS or the FEE's of it will get cheap.

Its not just eth trafic. ETH normal trafic can cause gas price jump to 10-20 gwei. Not 100+. It is all caused by chines exchange and its stupid voting system (voting for coin listing). 1 vote per 1 transfer to exchange. It makes investors to transfer Fcoin to new wallet then to exchange and over again for as manny votes as possible. This makes eth network suffer a lot.


https://www.bitrates.com/news/p/ethereum-network-clogged-gas-prices-rocketing-all-due-to-a-chinese-exchange

Actually, the gas price is increasing when the volatility and liquidity are really high and I think this is all because of the huge amount of transactions going on for a particular period of time in the whole Ethereum Network. Even i have to post poned one of my transactions for today  because of this huge Gas prices and i think this will be soon decrease to a stable prices once the demand decreases to a equilibrium position and it will be mostly seen by tomorrow or within 2 days of time period.

Gas price depends on the traffic. If its too many transactions, a system need more time for new transactions and more gas is needed to keep high speed, so you must give a high amount of gwei.

that's what often happens on the ethereum platform making expensive transfer fees. but it's all fluctuating just takes patience I often postpone the transaction when the fee expensive.

Actually the gas price is raising so high which is not good and favourable to us
because most of our income will take over by this charge. It is quite embarrassing that your money is bare with this charges.

Sending spam tokens very much loads the network Ethereum. It is unclear to whom it is advantageous to distribute one token per thousand addresses ETH.Yesterday at the Exchange Idex the price gas reached 190 gwei.

It is quite sad that the GAS price will rise up and that is not great
because we can collect only a small income from this because all earnings we have will eaten by those imposed charges in Ethereum.

I think the price of expensive gas is due to the high price of ethereum, because maybe the price of gas depends on the price of ethereum

That is correct but more specifically I read some tweet from Vitalik himself where he claims that network was actually intentionally flooded (attacked). He went on to explain that it doesn't make much sense because person behind the attack spent considerable amount of money and it is not clear that that managed to gain anything with slowing the network for short amount of time.

Usually the GAS is high when some hot ICO opens up or similar.

at the time of this writing gas was 3 Gwei, i think its not too high for now. So its would be better  if we just need to watch the condition of ether blockchain. If you want cheap gas fee I always do that like many people.

On the other hand ETH team need to find a way for protecting blockchain blocking attacks, otherwise people will be tend to use other blockchains.

The Ethereum GAS price will continue on getting fluctuations due to these new exchanges employing a trade mining system. But once Ethereum gets its necessary update, we might see a major shift on how it works. Hopefully lower to no GAS fees at all.

very often I notice such a trend that one day you can put the gas price 10 and the transaction will go well, and on the other day 90 and it will go for more than 3 hours, it is sure that this is connected with a heavy load on the network, because of For such a drop in the market, a lot of people are trying to withdraw their money!

The market is five green and it's time to invest in good and reliable projects.

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Usually it depends on the token that will be sent, if the token that will be sent is a lot, then you need a lot of GAS.
But if the token you send is a little, then a little GAS is needed.

Maybe it's comparable to the transaction power needed to send.

The limited gas price is set at the moment for Ethereum to run steadily but will float on demand, and total gas volumes in each block will increase to encourage the stability of the Ethereum network.

I think gas depends on traffic..... The number of people performing transactions makes it high.

I think it depends of the current price of ethereum right now. And also the reason why gas prices are so high it is because a lot of people are choosing ethereum to use as a good transactions of their cryptos. That's why imymay cause to slow the transaction because every single minute their will be an exchanges or transaction happen.

I recently tried to make a transaction on MEW and the gas I spent was very cheap and didn't even reach $ 1 for tokens that have little value but I don't know if there are many here who feel harmed by small things like that because I don't think there is a problem about the gas provided by the ETH, the most important is a fast and smooth transaction regardless of the gas provided, Ethereum provides the best solution.

Only today sent a little ETH, I was quite satisfied with the price of GAS, which is now on ETH, I think that the price today is very small and I hope that in the future we will still be able to reduce commission prices.

It all depends on the speed of sending the coin. If you want the coin to come to you faster then of course you'll be more plagued, if you do not rush with the transfer then the GAZ will be small.

Each transaction requires you to include the value of the gas limit and the commission that you are willing to pay for a unit of gas. Its amount depends on the speed of the transaction and its volume. If the gas was used less than the limit, all excess gas will return to the sender in the form of an Ether.

I must confess this is a mystery I am still unable to unravel. It usually amaze me anytime the price in gas just skyrocket from the average they are supposed to be. Let us forget the fact that so many transactions are always run on ETH network. It's a normal thing; almost everyday we have several thousands, if not millions transactions running on ETH's network on a daily basis.

This could be the most probable reason indeed. The current Ethereum price depreciation might have spooked many investors due to which many of them are dumping their Ethereum leading to network congestion which is most likely why the Gas price is so high at the moment. However, I don't necessarily think that it is too high and it is only a temporary scenario and am expecting it to go back down soon once the market stabilizes again.

Congested networks are the main reason, because the increase in usage and the number of users has increased the fuel cost of Ethereum!

Now gas price is stable and very rarely exceeds 10 gwei, I do not think it's a lot. The big price was in the spring, when one of the stock exchanges established stupid listing rules.

The price rises simultaneously with the growth of the number of users. this is also a market, and the economy operates here. if you are not in a hurry to make a transaction, wait for lechshe. but this does not guarantee.

It depends on the market. When the market is hot, we can not send ETH easily. That makes us to set high gas price. I always wait until the market is not hot to send ETH. I think it's good decision.

When Ethereum Network is congested usually the gas price will spike a little bit due transaction prioritization the more high gas offer (gwie) the more it will first to be process thats my simple analogy since when im doing transaction and i want to be faster im just simply set to high gwei price and viola its instant confirm transaction.

Why is the high price possible because of the demand for smooth transaction processes. For me it doesn't matter as long as our process is smooth when transacting. This is the reason for me.

you should try sending non-urgent transactions with a lower gas price as the more transactions that occur at the lower gas price, the more likely miners will lower their minimums. A very awesome miner, accepts a 2 GWEI price, but their blocks are always full and when it does it is full so you may have to wait for a few of those.

Due to popularity of the etherum gas it's price growth high. it's only depends upon the traffic .it has a high speed of transaction .

Gas price increases because of the heavy traffic in the city . It consumes a heavy traffic and that is why the gasoline prive arises . Also ethereum is the reason above all .

I think the reason of it is the pending transactions in ethereum blockchain that's why it causes traffic and it affects the price of the gas price. But we can still adjust the gas price or gwei everytime we make transactions according to the time of requests we want to be.

Usually if gas price is high, it because the network is too loaded. In that case you will be forced to increase payment for transactions that it took place quicker than the others or you should wait long the in line.

Because the fans also want to feel the results.
Just look at how the way Bitcoin works, the less Bitcoin is mined and the more expensive the cost of Bitcoin is because the less paid for miners.

I think because of network is very load ed, and have to pay more gas for tokens than for sending ETH

Mostly when you see that the gas price goes up you just know that there is an increased number of transactions on the blockchain and the transactions with the highest gas price always get mined first. You can always just use the normal gas price that you use, you just have to be willing to wait for a little longer for the transaction to be confirmed on the blockchain

I think they highly in gas price because the eth right now was really suffered with a lowering it's value that makes them higher the gas transaction.