Bitcoin Forum

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

Well, if you know how gas is important in Ethereum transaction you perhaps did not ask this. We back to the basic if you don't understand, --gas is a unit that measures the amount of computational effort that it will take to execute certain operations, such as Ethereum miners.
I am afraid also that it perhaps more bit higher if the volume 2.0 of Ethereum will successfully be done because miners perhaps left the pipeline of mining due to the new applied network of Ethereum that not perhaps suitable for the old miner machine.

https://ethgasstation.info/calculatorTxV.php

First you need to make a calculation of transaction

minimum gas limit in Ethereum 21000

Cheap (26 Gwei)  26x21000= 546 000 Gwei= 0.000546  ETH =0.13$
Fastest (41 Gwei) 41x21000= 861 000 Gwei= 0.000861  ETH =0,2$
Converter
https://www.myetherwallet.com/convert-units

Actual Gas Price
https://etherscan.io/gastracker

If gas demand grows, you should pay or wait a very long time.

yeah, or you should wait for gas fees to be lower, check ethgasstation website and do transaction when the fees is lower, usually during night in Europe
of course, if you need to do transaction fast, you have to pay the fee, there is no way to go around that one

It seems like the OP hasn't been in crypto sphere to see the this is not the first time that we have seen this in Ethereum, and for those who have been here longer, remember this? Loveable Digital Kittens Are Clogging Ethereum’s Blockchain (https://www.coindesk.com/loveable-digital-kittens-clogging-ethereums-blockchain). So just like bitcoin, when the network is clogged, fees increases, win-win situation for miners. And we can't do anything about it, unless you wait till the network gets cleared or pay high fees so that your transaction gets prioritized.

You should be patient for that and it will be solved as soon as possible through the migration from EVM into the web assembly

The serenity update will bring a lot of advantages to the ethereum to increase its capability and scalability

I thought i was the only one having a bad day anything below 34 gwei is taking forever because there is over 10 thousand pending transactions

i thought eth was forked and all these problems were sorted out??

No, this is all happening around the world for some reason (I personally think it's because of DeFi). I don't know what you mean by fork but if you mean Ethereum 2.0 to solve all this problems, then it's still a long way to wait.


The only resolution I see right now is to really pay the gas fee that is recommended by experts to make the transactions faster. It's a bother though considering that I made am making transactions that has a fee of almost half a dollar compared to the start of the month. You either pay high enough or wait long enough.

When the gas price increases then you have to increase your transaction fee that is the only possible solution to overcome this issue or if you are making transaction of ethereum too often then you have to switch to other coins where the fee is low but if it is ethereum based tokens means you have no ither choice though.

Just like what I did when I see that ethereum gas fee increases. I turned my assets into XRP since ripple has lowest transaction fee. I believe that this is happening because the ethereum 2.0 will release in July 2020 which be a sign that many buyers of ethereum are getting prepared for a certain pump.

Two month we faced with higher gas fees ethereum to make transaction with erc20 platform, although ethereum price still down but we need higher gas fees payment when sending ethereum coin platform, look impossible will lower gas fees and impossible to get lower value when transaction.

Forked for?
Ethereum was not forked from other project or you mean Ethereum was forked by other projects?
For me, this is also one of the main problems of Ethereum especially way back around 2017-2018 bull where that's the time we saw also a huge traffic on ethereum network, especially the crypto kitties games and the ICO fever using ERC20 under Ethereum.
For now, it's still the same, but for sure in the upcoming updates of Ethereum this can be solved, let's hope.

Trust me this is nothing when crypto kitties was launched on ETH network was so clogged that we had to GWEI of 100. but I agree with your frustration they need to do something about it soon.

Only real solution for high gas fees may be Ethereum 2.0 release.
We seen that recently fees on ethereum network was even higher than on bitcoin network, and that is a bit funny.

As far as I know the high price for gas in the Ethereum network is due to the fact that the participants of the pyramid spam the network with a large number of transactions. I don't know yet when and how this problem will be solved.

I think he know already about scalability issue of ETH which requires v2.0 of Ethereum to solve it and he is asking for an alternative way that available right now which I believe there is. I knew a project that might relieve this problem but not 100% sure. There is a pillar project which has available wallet for ERC20 wallet. They introduced there own smart contract wallet which I believe a side chain on ETH blockchain. You don't need to use ETH as fee on every transaction but rather PLR coin there own native coin as fee for sending any ERC20.

Full details are here: https://pillarproject.io/

The old fork of ethereum are not focusing to increase the scalability of ethereum and this problem will be fixed on the next update as the developer has already stated the migration from EVM to the eWASM will solve a lot of problem especially for scalability

I don't get this. Why would miners have left then? You can still mine it same way as before as we still have the same consensus algorithm. It's not 2.0 yet.

I also do think that ETH miners have been preparing for the migration to ETH 2.0, so I don't think that they are going to abandon ETH literally, maybe some, but majority will continue to be a validator and be open for the 32 ETH staking.

As for the gas fee today, there's a lot of transactions obviously, and that's the reason why ETH 2.0 was put into plan because of the scaling issue specially with the cryptokitties debacles years ago. It exposes ETH so called "vulnerabilities".

But we are almost in July and we are all waiting for ETH 2.0 going into production unless there's another postponement.

It seems that many Eth users are already pissed by this kind of problem in the Ethereum Network. Even me I have also some unconfirmed transactions until now. with this kind of situation, the advantage is only for the miners, I hope it will resolve soon to ease the burden of Eth users. For me, there was no Immediate solution to fix this problem except paying the proposed gas fee to fasten the transaction. or just wait for the full implementation of the Ethereum 2.0 update.

Fees are getting higher, transactions got slower
I hope for the best and I hope it will come with eth2.0 then we all can live happily again

I literally have no idea why this incessant jack in Ethereum fees and network congestion hasn't been sorted up till this point in time. I understand that the Ethereum blockchain has the highest number of projects building upon it and thus, suffers from congestion a whole lot, but I am of the opinion that there should be a way to salvage this frustrating situation at least. This has been happening quite often and the fees seem to go up at this times. I currently have a transaction that has been pending for over 2 days now and its totally unacceptable.

the ups and downs of GAS costs depend on the number of transactions made at the time, the more transactions, the higher the GAS costs we have to spend, to handle this we hope that there will be other methods that are more stable and faster.

To be honest gas fee is not always high, i have performed multiple transactions in the same day at different times and it seems like the fee increases around the peak time when network faces huge load of transactions, although currently it is a problem for users but to be positive it also shows that ethereum network is used more and more now and it seems well adooted by the community which indicates massive price run in coming months especially after rolling out of eth 2.0 and implementation of scalability solutions, so just stay calm everything will be good.

Ethereum 2.0 seems to be the right solution, but until now there is no certainty when it will be launched

Ethereum gas fee is just too expensive at the moment. I spend too much money while trading on DEX. Ethereum developers must do something quickly on the ETH2.0. And most times my uniswap transaction fails due to time lag on ethereume transaction confirmation time.

I have heard that high fees currently on the Ethereum network are done mainly by spam transactions that are made by miners who spam the network with these transactions, and that cause that they collect higher fees for each transaction, smart.  ::)

But seriously fee is still so low as compared to other payment processors that you guys know of like PayPal, Western Union etc. Imagine send $50,000 for a fee of less than $0.2 which you right now claim to be so high. Let's be fair.

Just make sure your gas price is always set high when sending ETH or ERC20 token. Your transaction will be confirmed within a minute. That's the only solution.

Use https://ethgasstation.info/ to see the best Gas price to set.

Gas transaction costs are a problem that often occurs on the Ethereum platform. I often see that there is a difference in gas costs between token A and token B. Maybe this is an effect on the contract code. Some tokens even require a shipping fee of 0.004 ETH. I think this is quite high for a standard gas transaction.

yes you are right the cost is very expensive now, I am forced to do it because I have to withdraw all the assets that I have on several exchanges, I just hope ethereum will no longer have problems like this in the future

It's not so expensive dude, this day the tx fees for each transaction is not more than than 20 cents which mean if that can still be considered as the low fees. The network is still stable right now and there was no a big event that was effecting the network.

Gas fees will be more expensive if it is converted to USD when the price of ETH rises, I think developers have thought of this and of course they will have the best solution also for miners. Currently the best solution is not to send coins if the value is too low than the fee to be issued, and always check the recommended gass fee so that the transaction can be quickly confirmed.

Yes, we need solution about ethereum gas fee, sometimes becomes fail if fee not high, so the solution is increases fee. Also in exchanges ethereum fee around 0.001ETH-0.003ETH equal $0.2-$0.7. this is so high. If we compare with XLM. we will see XLM coming to provide solutions about fee. 1 transaction only 0.00001 XLM. If on exchanges only 0.001XLM-0.01XLM equal $0.000099-$0.00099, So cheap.

Source :
https://www.binance.com/en/fee/deposit
https://www.stellar.org/developers/guides/concepts/fees.html
https://help.indodax.com/id_ID/bagaimana-rincian-fee-di-indodax-com/

But once Ethererum at a new high price, the network will be stuck with many transactions cause by people rush their coin to the exchange. Higher fee in the network cause by both, transactions pile up and Ethererum increases its price. Just hope Ethererum sort this problem out first.

It's indeed needed to carefully check before creating your transactions, with this high fees it's best to keep your assets instead of
paying for bigger fees, the developers should take a look on this and make adjustments. Traders will look on the other
alts that can cater their transactions to avoid paying high fees like this.

It’s correct i am also facing such thing. This higher gas fee is kinda burden for the regular crypto traders. I spend 0.48$ to sending a single ERC-20 coin. When i making a new transaction i reduced gas fee(0.13$) as a result it’s pending almost 50 min. To create first & smooth transaction fee is literally too much expensive.                   

This already foreseen a long time ago. Too many smart contracts based on Ethereum blockchain make it become more crowded as time went. No progress on trying to improve Ethereum's network speed and fee meaning we will have a cough up more money just to sent tokens out.

to be honest DEX is main cause why is ethereum fee gas is high all time because 1 trade transaction will have 2 TX transaction which 1 transaction will be save as your trade and another transaction is for DEX fees. i hope that ethereum 2.0 will out very soon because people are start getting pissed off and to many project that doing crowd sale on their contract getting pending transaction result, one of example that project getting of bad impact for this problem is PayAccept that suspended their Pre-sale on UniSwap because of to much complain about pending transaction and investor who send the ether start blamming contract code for that.

https://i.ibb.co/Drb3KK2/Screenshot-1437.png

whether Ethereum 2.0 will solve this ?, if it would not be unfortunate if Ethereum could not overcome this problem

0.13$ for 50 min transaction are okay for me. We're really spoiled by how fast and a low fee of Ethereum network and now kinda hard to accept the new change in it. I think we need to get used to it till the Ethereum 2.0 rollout and address this problem.