Bitcoin Forum

We should make a thread in Scam Accusation forums because ETH steal $50 on transaction fees for simple token transfer.
Some transfers in MetaMask show as $120.... WTF!

Meanwhile other projects as KoinOS have $0 fees and Uniswap will run just fine on it too some day.

I predict ETH crashing again from $1500 to $80 like with last crash. ETH is an expensive scam coin that is the AIDS of crypto.
Remember all the scam ICOs on ETH? How many billions people lost?

And now $50 on token transfers??

All ETH ever did was ruin crypto. Its not a good project except for the billionaires who bought it for $0.25.

Not even Paypal ever had such horrible fees as ETH.

I rather pay an old man with a mule $50 for token transfer than pay $50 on eth.
Can also just call an UBER to transfer your token, much cheaper than ETH!

So what are some alternatives? What platforms can UNISWAP also run on easily
with low fees?

I already say KoinOS but they are very early (like buying eth for $0.25, still UNDER
1000 holders!!) but what are some other projects? Preferably around $100m market cap or lower?

I will take an example from etherscan

https://etherscan.io/tx/0x2c29798ee3f7e2967b5a569649d06865a6f58d1e4114567ceacbb66257619dbf

It needs $20 just only for approval on sushiswap and i do believe if we must need at least $50 to swap our coins into the another coin.

The swap process needs 2x transaction.
That means when we are doing a complete transaction and that needs almost $80

What a joke

Im trying to send A few hundreds dollar of USDT and that charges me $17  :D :D :D

I can pay some pizza with it.

Who will you accuse? Ethereum developers? The miners? The users/exchanges/custodial services that sets high gas fee for faster confirmation? Nobody stole anything. AFAIK, everyone is asked to verify if they are willing to pay for the gas fee before sending.

Leave ethereum DEX and Dapps for now until something is done on Ethereum. Try to check platforms running on Binance smart chain. Fees are much lower there.

The question is what you want to do? Just trading, if so whats the main trades?

I fully support you with the horrendously expensive transportation costs. But I tried to send funds through MEW and my commission was less than Metamask. But a lot also depends on the token that you send.

I think traditional banking is cheaper than certain blockchains lately.  :D Use Doge. I heard it is cheap af to send money on doge. (till it is not at least)

Doge is all nice and good, but inflation of over 4% is worse then fiat. Doge, no reward halving unlimeted supply same as Monero, Ethereum....

Average fiat inflation rate is 2.3% (purchasing power loss)
https://i.ibb.co/s6gH05T/inflation-of-coins.jpg (https://ibb.co/JycQfxY)

yes ,, I totally agree with your opinion that it is time for us to leave the Ethereum platform for some time to come until there is a change from the current transaction fees which have already exceeded the appropriate fees. and this is the best move for all of us.

Usually you can set the gas as you wish, depend on how you want the transaction speed will be. The lower fee, the slower your transaction will be.
But i agree right now, Ethereum fees are really high, the problems is The Blockchain of Ethereum is too crowded, we hope ETH 2.0 can solve that problem.
Until that happen, you can try another platform like Tron, Eos or BSC

Gas fee becomes everyone's nightmare, I use mew app for most of my erc20 transfer and in the app it has 3 transfer option, (economy, regular and fast) so it is either you have eth to meet with any of the 3 option provided otherwise you can not just set the fee lower than what is given, in this case, you don't have much option than to choose either one of the options if the transfer is very necessary.
It is very disheartening the gas fee has skyrocket and I don't know if there will be a solution soon.

Ethereum really wants incredible transfer fees. This situation is completely against the purpose of crypto coins. I just made a transfer yesterday and was shocked when I saw the fee. With this structure, Ethereum should not live any longer in the cryptocurrency world. We need new blockchain technologies  :-[

Alternative? You are using a bitcoin alternative. Why dont you just use the former, the most accepted,  bitcoin?

Bitcoin fees can be like 0.2 usd if you wait for a couple of days, or about 30usd if you want a a next block confirmation

Way better than ethereum now.

This is not the fault of ethereum network only because i made a transaction from my mew wallet directly and its value was quite big but fee charges was under $3 so i think the high transaction cost is related to dexes that have to extract comissions, farming profits as well as other charges from traders so if you do not like that you can trade at centralized exchanges.

Guys what are you arguing about, which dogecoin. People I do not understand you what choice you are talking about. 99% of the tokens based on Ethereum, I agree to leave the ether and not see it in life, only we are all in chains and dependent on the ether. You yourself know and participated in the bounty.

Choice of making a transaction cheaper. You don't know Dogecoin?
How much did you pay for the fee? I wouldn't commit a transaction if I find the fee too much for me to carry, that's what I do and wait a little moment until I finally continue doing it if I find it cheaper.

Allow them to say things they are not clear on,  how do one use doge for erc20 tokens! People just like to derail the topic of discussion with their irrelevant suggestions,
Most projects are under the ethereum network and as a hunter you may probably have most of your tokens as erc20, even if you decide to sell all, you will need gas which is the number one issue faced by erc20 holders,  those who are talking about doge, which project is using the doge network?

Callisto Network try to port Uniswap on their blockchain, the contract already deployed but the UI still on the progress.
I hope its can work smoothly and give an alternative to the crypto space!

Reference :
https://twitter.com/Dexaran/status/1344621967756976128
https://twitter.com/CallistoSupport/status/1354097457425240070

Just stop using them.  I dont know who exactly you are excusing is scamming you but go right ahead.  Not going to go anywhere but worth throwing in for.  My suggestion to you is that you just stop using the platform altogether.

I see it otherwise, i think due to high fee less people will be transferring their eth to exchanges to trade or exchange while people transacting will be paying high fee so it is win win scenario for eth bulls because there will be less supply while the network revenue will be still high so i expect eth to really moon in coming weeks.

i can say no one is happy with this extremely high transaction fees on eth blockchain. am sure solutions will come but the needful needs to be done. thats why projects are moving to bsc chain.

The disappointment with ethereum is experienced by many bounty hunters and small traders, for the past few days we have seen ethereum have fees above $10, I don't know if the ethereum developers saw this incident and will fix it?
there was nothing to do but wait

This is very unpleasant. When many people want to transfer their coins and tokens to the exchange, ether costs a very high fee. It’s been going on for quite a while indeed, since bitcoin was high. I can only wait for the ether cost to be as low as ever to transfer coins and tokens in the ERC20 wallet. But sometimes I choose the option of economic costs, although it is still high cost, but not as high as the cost of VIP.

It's not likely to happen but the opposite thing happened, ethereum is surpassing $1600
There are lots people got lost but so many people are also gets very good ROI from their investment on legit ICOS.

I have paid $55 for a transaction worth a few thousand dollars USDT.


There's no alternative for that, if you wanna trade on Uniswap and you must have paid non sense fees to the ethereum chain, If you wanna get an alternative and move one from this chain and try to use tron chain. it has also a popular swap service called JUST swap. When you are still using this chain and don't expect you will get low fees for your transaction.

There has been a huge increase in the transaction fee of Ethereum and other cryptocurrencies who are currently experiencing the bullish trend due to the increase in traffic which is always the scenario whenever we are in a bullish market but that doesn't make ETH Dev a scammer and the last time I checked the tx fee is determined by mining difficulty and each sender decision. However, this transaction is paid to the miners, not ETH Dev so why do you want to report them for a scam?
With that been said, the prevent this from happening in the future is the reason why ETH2.0 was introduced and if it executed fully every ETH user will enjoy the benefit involved.



For now, there's no alternative platform it may happen in the future though but you need to understand the platform you use because DEX swap/trading charges are usually high and it not the fault of the ETH Dev because the DEX will also charge their fee for offering you the trading service.

It's pretty obvious that you can't accuse ETH for it's extremely high fee. Just don't use ETH if you don't really need it. Almost all altcoins associated with ETH is suffering because of this fees so you should avoid ETH for now. We can only hope that DEV finds a way reducing this Fees significantly.

It's true that ethereum really tricked many users into paying for gas fee for a one-time shipment of having to pay $ 0.03 eth worth of $ 50 that's very high for a gas fee price I can't understand why Vitalik didn't provide a solution, it actually adds to the cost of gas getting higher in the end even though the ethereum project has been around for a long time As if the gas fee price continues to rise, it is very worrying for all ethereum users in the future, it is better if they leave Ethereum because it is too burdensome for investors.

The gas fee of Ethereum now was too expensive, and 80$ for the fees is not a joke actually. I just wish that ETH developer can do something about this matter, so that the majority of the community in cryptocurrency will aching about this thing. Because, sometimes the amount of the withdrawal is much lower than the gas fee, so in the end they can't withdraw their ETH balance.

My take on this situation also. Look also for the network activity and send your tokens when the network is not so busy.
Right now, eth has problem on this aspect but I believe they are doing something to rectify this issue.
Eth 2.0 is not yet fully deployed, maybe once Phase 1 is fully launched, we will be seeing some improvements.
But right now, I don't think we can accuse eth platform as a scam because of the high gas fees.

How can you state "tricked many users" with no strong proofs?
The expensive price of ETH gas doesn't mean they tricked you or others. You are wrong to say this. Even if you have your own argument, it doesn't mean you can accuse people carelessly. You can be prosecuted if you only have weak evidence.  ::)

Are you sure?  ???

Go ahead OP lol.

Everyone should anticipate that while the ETH price is climbing. As we always based our gas price on USD, it's expected that we might even end up paying $100 per transaction. This has been discussed before with BTC but not to the point of calling it scam fees.

I'd just received a token transfer for $6 but it ends up on 6-8 hours confirmation. Fine by me as I'm not rushing.

Even for a $10k transaction its too much fee. Its better if Uniswap could move to a different blockchain.

The ETH developers dont care they are billionaires. Why help the poor people? ETH is even worse than the big banks. No big bank ask such insane fees.

When you can look at bank fees as a percentage of the total transaction in the same currency, why can't we look at ETH fees as % of ETH. For e.g., if I transfer 1000 USD from an account in the US to Vietnam, the wire transfer fees could be 25 USD. That is a whopping 575,537.50 VND. Which could probably pay for a meal in terms of local currency.

Agree the fees could be high, but attaching the USD value is probably what makes it seem much higher.

ethereum networks are flawed because they can't cope with scalability. There are too many Dapps on the ethereum network, and too many transactions to confirm, so everything piles up. and in the end this led to an increase in gas fees. the only good thing about ethereum right now is their high price, and the rest they are a bad  platform.

waiting for ethereum 2.0 is not a solution, no one guarantees that in the future they can reduce gas fees. just because 2.0 can handle more transactions doesn't mean this problem is over. what if ethereum had switched to 2.0 but they had the same unresolved case. won't the problem arise again?
so it's about time we switch to a friendlier and better platform.

ethereum is not a scam, it's just that they are a bad platform. everyone was disappointed by the high gas fees, but there was nothing they could do. the options are only two, accept all of that or switch to a cheaper platform.

Was there really nothing they could do? I mean their devs are billionaires. They would have the ressources to fix it. Now smaller teams can make projects with ZERO fees why cant ETH?

Are you that naive, from the word go they only after the money.

Its asking $70 gas fee now on LOW (for token!)

Cheaper to buy plane ticket and deliver tokens personally!

I understand you, I also have to spend a lot of money for commissions, but I do this because some of the cryptocurrencies that I have in my portfolio start to grow and I want to sell them and I have to give a lot of money for transfers of any cryptocurrencies that are created on the Ethereum blockchain and unfortunately the Ethereum developers are in no hurry to fix this problem and this is very bad, but all the same, as we see the price of Ethereum is growing and there are more and more cryptocurrency projects on the Ethereum blockchain, so I don’t think that Ethereum developers somehow worry about huge commissions.

You should see fees in exchange. They are worse.  ;D
It could also be the issue of us converting it to USD with higher value now. Try to consider that.
All we could do now is wait or put it to lower fees with slower tx time and wait for a day to arrive.
I prefer XRP before but because of what they are facing most investors lose their interest in it and it got scary to stay.
It's really faster and cheaper that way.

I don't agree if you say Ethereum is a scam project, because Ethereum is one of the projects that makes cryptocurrency can become popular at this time besides Bitcoin, but I agree with you that gas fees from Ethereum are very expensive and unreasonable, so for now I am not very interested in making transaction using Ethereum, because gas fees from Ethereum are very expensive, so I hope that Ethereum soon finds a solution to make gas fees from Ethereum inexpensive.

Scalability issue is not a problem of ETH alone. Actually Bitcoin suffers that problem that's why many Blockchain Project exist to solve this problem. But buying plane ticket to deliver your token is a fact too.  :D

Just avoid transferring ERC20 tokens if you want to avoid high fees. I'm sure it will go down soon.

I tried it because I know with bitcoin even very low fees will go thru. It did not work for me with
ETH. Even after a day the token was still pending. Also I am not sure it would work with Uniswap
anyways.

Is there no Uniswap on other blockchains that also have a lot of tokens?

What's your problem with others spending high fee on eth transactions? And moreover before making the transaction you can see how much the network will charge clearly so if you don't like what you saw there is no one forcing you to proceed with the transaction, why would we call Ethereum a scam before of this?

It will never work because ethereum was using the different mechanism than bitcoin. When you are sending tx with small gas and your gas will be consumed but the block will be rejecting your transaction as it doesn't meet the minimum requirement to be confirmed by the block.

You are only wasting your money if you are sending the tx with low fees. It will never be executed (out of gas).
The only chain that has a lot of tokens were tron and polkadot/

can only laugh after reading the topics that you have created at this time. because it is impossible Ethereum SCAM just because of high transaction fees. and this incident is detrimental to many people in making transactions using the Ethereum platform. but we can't do much when transaction fees are high. all we can do is delay the transaction until the transaction fees return to normal. so don't immediately say that the Ethereum Scam because people will not trust you.

I do not get how ethereum could continue like this when we still pay stuff from it, as long as we pay it, they will continue this. However this late surge is really not something I am fine with or will ever be fine with, it really makes zero sense to me honestly. Think about it, we are talking about 20-30 bucks charges now, peaked at as much as 80 bucks, how could that be anything decent and how could that be even remotely understandable. We have to get EIP 1559 happen very quickly, and wen eed to get rid of proof of mining and move to proof of staking very quickly.

At worst case we will live in a world where people will pay small fee and wait long hours to get it, we will complain about waiting 24 hours to get it, but it will still be cheap at least and I would prefer that, right now I can't even say "I will wait 48 hours if I have to as long as I can pay cheap" because that is not even an option anymore.

ethereum fees high because the price of ethereum high mate,,
and this is not a scam,but i hope soon the ethereum dev team will solve this transactions fees issue

How can you make an operation cheaper with Dogecoin?)) Are you laughing?) Any connection with Ethereum will require you  15-20$.


You see the person has no idea what they are talking about)) instead says to use dogecoin

I don't agree with you if you have to say ethereum is scam, it's just a matter of fees for everyone so give the team time to solve this problem and hopefully the team also hears everyone's screams

The team will never solve this problem if the community don't push it. Do you know that? the solution already created on EIP 1599 but the greedy miners were preventing it to happen.
I do agree with the solution that will be given by EIP1599 but some greedy miners are against it.
that's crap. The blockchain is not only owned by miners. They will not get money if there's no buyers on the market.
Each swap transaction on various swap service needs at least $130 USD. It's his personal opinion to call it as a scam but everyday the fees became even crazy. Imagine you just pay $100 for the fees.

For Fee management there is a site where you can check Eth gas fee
 https://etherscan.io/gastracker   (https://etherscan.io/gastracker)
Check Regularly gas fee (GWEI) here and when GWEI less than 100 make your transaction. Also set your GWEI to 100. It will cost you 10$-20$ only
I like Eth but it seems "transaction" fees for lack of better word.. are getting ridiculous.

Uniswap just sucks your etherium up for any swap.

I swear it is the main reason etherium is going up so hard. Because you have to use so much of it for any transactions.
If transaction fee was low like BSC or Huobei price will be 3k now

When I make a transaction using eth network the fee is high. The amount fee cost $50 ore more than the token I’m selling. Many users are already complaining because of this gas fee when you use this ethereum. I hope they will do something about it to lessen the fees since everyone is using this network.

I'm also confused, why gas fees from Ethereum are currently so expensive and there is no solution, because in my opinion gas fees from Ethereum are unnatural and it is like wanting to suck up our money, even though as we know other blockchain don't have gas fees that are as expensive as Ethereum (such as Binance, NEO, Tron, etc.), therefore I'm very confused about Ethereum, why Ethereum can't make gas fees are cheap even though other blockchain can do it and yes, I know if other blockchain are not used by many people, but I don't think this is the reason why gas fees from Ethereum can be expensive.

Take it or leave it. I understand OP's sentiments. Fees aren't reasonable and yet we can't do anything but accepts it. Saying don't transact for now is not valid here of course as we follow our own path of doing trades.

If ETH price will rise more, we might be paying $100-$200 fees for low price tokens.

Forhow long should we bear this, there's really no answer.

Don't take it too seriously, fees on the Ethereum network are very expensive, it happened last year, when the Ethereum price was above $ 500 then fees would also follow, especially when Ethereun fees were above $ 1000, of course the fees that we had to pay were also very expensive, and it happened. in the case of fees of up to $ 80? terrible, better to use Tron.

True, it is only about expensive gas fees. And something we need to understand, Vitalik doesn't scam us. He shouldn't be happy with the current high gas fees because it possibly makes people move to other platforms with lower fees. It happened naturally because of high transaction activities on the Ethereum network. So, we need to be patient to wait for the solution made by the Vitalik teams.

I have a lot of new altcoins that I need to transfer to the exchange but with the very high gas fee I don't think it's worth sending, I will have to wait for the time that the gas fee is much lower I cannot spend $20 for an $80 worth of transaction if you are a bounty hunter gas fee is sure to kill your motivation, there should be a fix on this, new projects should just create on other platforms that offer cheap transaction.
I really miss Eth's good old days I wish there's a fix on this.

Maybe MEW was taking the fees from a different source. Any gas tracker service will be using a different calculation. The token will determine how much gwei will be paid by the senders.
The altcoin will charge more fees compared to when someone was transferring his ethereum to another wallet.

This is a troublesome thing. I myself, after working on the bounty, have had many problems with Ethereum fees, which are currently quite high. many people complain that they get losses due to increased transaction fees. Apart from payment delays, I also have to spend quite a lot of fees to send tokens. Like it or not, right now I am delaying sending tokens until the gas fee goes down .Defi and trading on Dex made solid transactions plus the ethereum price hike

If you are usually doing transactions with low value (lower than 100$ or so), to monetize your Bounty rewards as you said than it's really a bad time at the moment and every needed transaction has a real impact on your profits.
Let's not even talk about stuff like providing liquidity on Uniswap or Yield farming where you need to do multiple transactions to get it running. If you want to Yield farm with tokens that are worth less than 1000$ you really have to calculate how long you need to keep it in the farm before you are actually making profits because of the high fees.

It's really hard to believe that Etherium's fees have gone up so much.As it is the most popular coin, its fee is being charged extra and it needs to be resolved quickly.Their network system needs to be upgraded a lot more.for reduce network fee.

Take advantage of the valuation and book your profit rather than moving the coins out from the market, the fees are high and there is nothing that can be done and you cannot accuse the team for stealing these kind of fees but it is because of network congestion and until they sort this out it is going to harm them in the long run. I am not holding any tokens which are valuable and hence i am not aware of these blunders ;D.

Just use other coins, use l2, dont transfer anything, etc. About what scam are you talking about? You agreed with everythin when you bought it

Several years ago, it was possible to put 2-3 gwei and transfer ethereum per day. Now you have to pay at least $ 30, and if you want quickly, then $ 70-100. If you transfer a million dollars it is tolerable, and if you transfer 300 dollars it is a robbery! Ethereum is disappointing in this regard, so Ripple and Doge are relevant. The fees are cheap there.

Currently, ethereum fees are really very expensive. In fact, some projects have delayed coin distribution due to the current very high fees. If I want to find an alternative, I still can't provide an alternative because if I make a transaction using the ERC20 token, it will still use ethereum. however, all we can do is wait for GAS prices to lower.

for today I think the cheapest transaction fee is still over $ 5. it's also the movement is unstable. but if you look at the transactions that have occurred, it is still solid. maybe because eth prices are increasing and making transaction costs uncontrollable and very expensive. it is still difficult to wait for the price to fall normally, the movement of ethereum gas looks unstable.

OP are you saying that eth fees are manipulated by eth devs and miners? No eth network cannot be manipulated by anyone especially the fees Vitalik said before that it all depends on a user when someone put small amount of fees and all follows fees will be cheap but what is happening right now is most users want a fast transaction to be confirmed thats why they use high gas and then this followed by another user and then all users are doing the same which resulted into fees going higher.

Yes, Ethereum now has very expensive transactions and this only confirms that the project is alive!
I also do not like such large fees after a while everything will change for the better.
Many will wait until the broadcast will work quickly again and you should also wait for this...

so, the fees depends from us ? i hope there will be a solutions for this situations from ethereum foundations
because the fee is too high for small investors

That already planned by ethereum code developers since a long time ago but the problem is the miners EIP1599 already prepared and then the miners didn't like it and they start to prevent the implementation for EIP1599.
The ethereum fees will remain the same forever when the voting for the proposal keeps dominated by the miners.
This is the problem when ethereum wants to improve its protocol.

It is the same case with Bitcoin as well. Today I had to do 5 transactions and the fee was like $15 per transaction. So ended up paying $75, although the total value of the coins that were transferred was only around $750. That means I had to pay around 10% of the total amount as fee. It is getting really bad, and users who deal with small amounts are disproportionately affected. The miners want the fee to increase further, and since the decision making power is with them, there is nothing that we can do about it.

When ETH reached another high of above $1,600 last Feb. 4, the growing price has been steadily driving transaction costs higher too, but it was started in early January 2021 when Ethereum broke its previous record of above $1,400. The latest spike in gas fees has had a massive impact on a number of decentralized finance projects, with some DeFi transaction fees surging above $1,000 which is kinda crazy :'( Also the fees on major decentralized exchanges like Uniswap and SushiSwap surged to abnormal levels of between $40 and $75. I transferred my ETH (https://trade.kucoin.com/ETH-BTC) temporarily on CEX and trade it there, so far the gas fee is lesser compared to others I've tried.

then how do I report it? Is it necessary to send a personal message with vitalik? I think it's better not to do that, because the ethereum price hike is also one of the factors that causes eth gas costs to go up. actually this was normal, even before Eth reached his ATH price, there was an increase in shipping costs as well. even for me personally currently unable to make transactions due to high gas costs and not worth the coin exchange rate, so I can only watch the market situation

When exactly can it be expected to go lower! as it is eth price is soaring high every time and if by extension it will also translate to gas fees going high as the price increases then not much about gas fee going down should be expected, (except this won't be the case)  high gas fees will definitely affect distribution of bounty funds because i don't see any team paying such outrageous high fees for gas to distribute reward that is not worth the expenses, very though.

I don't experience that huge fees, but regardless that's not a valid point for a scam accusation as you were warned before you make the transaction. I use MEW for my transaction, the fees are calculated before I send, so once I send, it means I agree with the fee and the fee was like $5 and lower, nothing close to $80.

So you buy something for $1 pay $5 in fees, you must be one of the new super-smarts.

that's what became the debate and made people ask, why did the cost get that expensive? if the reason is eth price hike I guess we should see how BNB is also a platform with its own blockchain network. I think this problem has occurred since last year. even when eth prices were not as high as they are now.

Actually normal ETH transaction are less expensive than BTC, around half of it(ETH was ~$15). since ETH transaction size are way smaller than BTC.
This huge fee that was displayed in this thread was more complicated transaction(Smart Contract).

---

IMO, I don't think PoS ETH will stop this fee madness(since the number of transaction/gas per block would stay the same), only a blocksize increase will fix this.

I believe many of us here are ERC20 tokens and Ethereum users thats why many of us are already pissed with this kind of situation I feel I was robbed in a broad daylight because of these abusive fees but theres nothing we can do about it the only solution is to find another alternative or endure the high transaction fees.  

polkadot is developed because of this kind of problem. we thought the ETH2 will actually solve the case of high transaction fees but its making things worse. polkadot isn't very ready though, they didn't have an importer yet compare to cardano which is a more deserving alternative for ETH.

we didn't have this problem back in the days but miners today seem to be picking transactions and $25 for a fee ain't enough.

I'm still always surprised when people get angry about ETH gas fees - this is something that's been known to us for such a long time. ETH sucks when it comes to scalability and gas fees. ETH 2.0 keeps getting delayed.

That's why there's real value to alternatives like Polkadot, Hedera Hashgraph, etc.

For Faster transaction fee is higher but we are not forced to pay higher fees we can wait and select standard charges for fewer Gas fees. One can not say it a scam some time Gas is quite higher but sometimes it's nominal but your concern about the Gas fee is genuine certainly nobody wants to pay such a huge amount in fees. On the basis of the high Gas fee, it can not be crash if we think even It has potential that's why its worth keeps increasing. Traders use the different-different platforms according to their choice or needs.

The problem of high fees in Ethereum-2 will be solved only in phase 2, and now there is only phase 0. All decentralized exchanges use a smart contract, which always had a higher price per transaction than a normal transaction. There is only one option to reduce the commission, and that is to use DEX on weekends, when the network is less busy.

WTF is this? Do people in this forum even understand the meaning of the word "inflation"?

https://en.wikipedia.org/wiki/Inflation

The number of coins in circulation HAS NOTHING TO DO WITH INFLATION. inflation is simply put a market situation, when demand exceeds the supply. That market phenomenon causes general price level of goods and services to rise.

Extremely high demand for ERC-20 token transactions has caused transaction fees to skyrocket. That's how market economy works.

Good luck some people deserve everything they get.
The amount of money in existences with new money printed has nothing to do with inflation, LOL
The amount of coins in existences with new coins mined has nothing to do with inflation, LOL LOL

Doge, Ethereum, Monero.... has unlimited supply same as fiat. Bitcoin, Litecoin, Dash .... has limited supply so no inflation, have coin emission rate.

Extrem high demand to pay $80 fee , you are certified idiot

There is no such thing as "money printed", you idiot. Money supply increases when demand for money increases. The price of money is also regulated by the law of supply and demand, just like everything else.

DO NOT BORROW ANY MONEY AND NOTHING EVER GETS "PRINTED"

Go quickly get covid vaccine, get two doses, you want to be save the world needs you. No money gets printed :D
Now you have to excuse me i have other things to do as waste time with morons.
Years and years I had one account on ignore you managed to be number two, congratulation I want see you again.

immune now for that junk
https://i.ibb.co/183DcGQ/Untitled-2.png (https://ibb.co/bzxSt5m)

OMG, what a moron! Money gets printed to satisfy the demand for paper bank notes and coins. Money printing HAS NOTHING TO DO WITH INCREASING MONEY SUPPLY. You can check this out for yourself. Paper money (M0) makes about 5% of total money supply. The rest of 95% money supply only exists in a virtual computer network, just like cryptocurrencies. It just does not use blockchain tech.

https://money.howstuffworks.com/how-much-money-is-in-the-world.htm

Do people like really think that some kind of printer is needed to create more numbers in a virtual computer network? I can't even remember the last time I used cash to pay for something. I can pay electronically for everything with a Visa or Mastercard payment system by only sending virtual numbers back and forth. And people still think that governments print all money supply? LIKE REALLY?

The fact is that even at around 30-50 bucks transaction fee (or even 80 bucks network free for swapping) people are still doing it, that is the reason why the price goes up. There is nobody guilty here, there is nobody "charging you" 80 dollars fee, ETH is not doing it, miners are not doing it, nobody does this but the people who use it. ETH price went super high, and it is still a very much wanted asset which is the reason why we are in this situation right now, there is no doubt about the fact that people do invest into ethereum and that is why price goes up but there are also a lot of people who ended up spending insane amount of money for bitcoin as well, it is really not a smart move at all.

I personally feel like there if people stop paying this much, if everyone comes to an agreement together and not spend more than 5 bucks ever, the price will fall, we just need to organize for it instead of accepting to pay this much.

Ethereum is losing people's trust. Of course, ETH is the most popular coin after Bitcoin and has a clean reputation. It is not for nothing that institutional investors are buying up Bitcoin and Ethereum first, and then everyone else on the little things. But it is still very difficult for ordinary users to pay huge fees.
I think people now can run to Binance Smart Chain.

These fees are a real joke but just think that when Eth was 100 usd and with the same network usage, you would paid the same amount in ETH but in fiat it would be less than ~$8.
So, would you be saying the same if Ethereum price was 100 usd and you had to pay let's say 5 usd for transfer fees?

P.S. Guys stop using DEX for low amounts and low value transactions since you can use CEX. Once Eth 2.0 is ready, things will become better.

It's not a good idea to abandom an innovation but If one should check the history of cryptocurrency, I think Ethereum has been one of the project with worse transactions processing. It now behave like a local bank that charge you huge amount for sending currency across another state.
I think Binance so this potential, that's why they embrace the idea and simplify it into Binance Smart Chain and I wonder why Vitali never think of the idea and name it Ethereum2.0
I know Dapps works on the Binance Smart Chain, why not just adoptsuch system and end these fees saga.

It is definitely the worst time to use ETH blockchain because of extreme transaction fees. The total marketcap and the market price has surged a lot, the volatility has a huge effect on the gas fees. The market is not going to calm down soon, the $8 fee is the new normal for all ETH token transactions. Even Paypal or Skrill has never charged me for a single transaction with a %40 fee. I am not going to pay the higher fee than the actual balance for single ETH token transaction and I can wait few more weeks until the Gas transaction fee calms down.

i hope a solutions about this high transactions fees will coming from eth dev soon or later
and i think if the calculations of the transactions fees in usd not in gwei will be a good idea,
because we don't need to pay a high fees to send eth or erc20 tokens when the price of ethereum growing high

this is really good idea, if the transactions fees on usd value not in gwei
because if this become reallity, i believe the volatility on eth price will not affected the transactions fees on ethereum network

Unfrotunately Ethereum fees are really insane nowadays. For now common transaction requires up to 100$ and it`s impossible to use the eth blockchain. There are many solutions for it. Many progressive blockchains let do many actions with your assets with extremely low fee, but their ecosystem isn`t so good still. I mean Avalanche, Solana, Elrond and others. Another solution is layer 2 projects.

Such as ZKSwap and others can really help cryptocommunity to avoid incredible costs, but full solution can only come with the ETH 2.0

It was very sad when ethereum reached ATH and the price of gas fees started to rise.
but currently nothing can replace ethereum as a new emerging project platform, it's very difficult.
if only for transactions I prefer to use the current tron. because tron transfer fee is very low and fast

All ethereum users will experience the same thing friends, if you want to send usdt use the Tron Platform, because fees from Tron are very small, before Ethereum 2.0 launch we will see volatility in Ethereum Gas, currently Gwei reaches 400 more, making fees very expensive nearly $ 50 for a single transaction, terrible.

It is true that since the DeFi trend occurred and the price of Ethereum has increased, this has caused Ethereum fees to be very high. But that doesn't
mean Ethereum is a scam, it's just that because the Ethereum network is so crowded right now, you can set up gas to send Ethereum. Lower fees will
make the transaction speed very slow, or temporarily you can choose another altcoins to send your funds. For now I prefer to send via the Tron
network, besides the process is fast, the most important thing is that Tron transaction fees are very cheap.

its already enough calling eth as a shitcoin but making a scam accuse on this forum? lmao but i dont think someone will respond on that in a serious way . my only advice to you is to stop using eth and start ignoring this coins if this coins bothers you alot before your condition gets worst .

whats wrong with that . being early is supposed to be our advantage because if you look around around you so many coins are now expensive and people regretting that they didnt invest when the coins are still cheap

I've seen numerous stupid users here on the forum and you are an additional to them :).

Who are you going to accuse with this very high fees?? Vitalik?? His team? The developers??
You have 2 choices, either close your eyes while doing the transaction or find another way to transfer funds. 3rd option is to just wait for it to go down but I doubt that it will happen.

With the emergence of DeFi under the ETH Blockchain, the fees of ETH really surged up. There is nothing we can do about it unless ETH 2.0 will be released which will not happen this year.

I doubt people lost trust in ETH honestly, and if they do, why the fee keeps on increasing instead of decreasing since losing trust means lesser user but nah  ;D.
But, imagine how ethereum gas state in the next year when more and more dapps being released that needs to interact with Ethereum blockchain, I'm sure the current gas is just the beginning of something more annoying which is an even bigger gas fee.
by that, other coin could easily try to steal the opportunity only if they could bring in some projects to their blockchain.

Ignorant people will always make ignorant posts especially during the huge traffic season but we don't need to mean to their question because they properly don't understand the gravity of what they said which is the reason he believes raising a scam accusation on the ETH Dev is the solution to the hike in tx fee which we both know it doesn't work like that.

I think it's not that bad at this time, my friend. the highest is now 200 Gwei. indeed there is an unstable movement. but lately, it's not so good for ethereum token transactions. It would be better if you want to transact ethereum tokens with a small value. Better to postpone it if you do not want to sell assets only for such expensive transaction fees.

I don't pay attention to this nonsense. All smart people perfectly understand why the fees in the Ethereum network increase, because first of all it depends on the bandwidth and network congestion, and besides, it is quite logical to increase the cost of transactions along with the growth of the Ethereum rate. But I also believe that in the current situation, erc20 tokens with a low value will lose their relevance.

You are right, the increase in ethereum transaction costs does not mean that there is an error from the system or the team that wants to make bigger profits. We can see how the Ethereum price growth occurs. It becomes very natural that the transaction fees for some Ethereum tokens will increase and even consume their value. there may be adjustments from the developer regarding the current high transaction costs. but I don't think it will be too far from the current cost.

conventional banking is less expensive than certain blockchains recently. Messy Use Doge. I heard it is modest at to send cash on doge.

Are you saying the whole ETH system would collapse and crash if they dont keep raising the fees always more? Like what about $500 some day for a simple token swap?!

Have you looked into Avalanche? It just went from $10 to $40. It may be able to go to $400 who knows.

They have a new community driven "UniSwap" too called Pangolin.

https://pangolin.exchange/litepaper

I just tried it with MetaMask and its a bit complicated at first to set up but then it works really well. Very low fees...

for those who don't care about fees, I don't think it's a problem. however, most people are currently seeing a fee increase that is really very high right now. however, we need to understand the current situation as Ethereum prices are really getting higher. it's just too much to see the current situation in a scam way. Well, I'd rather wait until the fee is lower than thinking like that.

As I understand it the fee wont get lower, unless the ETH price drops down siginificantly.

So this makes ETH pretty useless for investors.

But it is no exception for large investors or holders of large amounts of ERC20 tokens, they will certainly continue to make transactions as needed, even though transaction fees using this platform are very expensive. besides that the price of Ethereum is going up significantly day by day and I don't think Ethereum's cost will go down anytime soon.

Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.

Nowadays in some cases, the transaction fee of Ethereum is much higher than that of Bitcoin. I still don't understand why people use Ethereum without using the Real Bitcoin! When I'm writing this post, BTC transaction fees for the next block is 102 sat/byte and 7 sat/byte for the next 6 blocks. I can't see any reason for using ETH now.

Making a scam accusation thread will be completely useless in this case, cause who are you going to hold responsible Vitali? his no longer active on this forum, so it will be a complete waste of time making such thread, the best way to avoid paying these high insane gas fees is to stop using ETH for transactions, you can use btc, Ltc, trx they are all better than Eth in terms of transactions right now, I can't imagine paying $50 for one transaction, that's way too high.

10 coins Avg. Transaction Fees

BTC		$25.47	USD
BCH		$0.0027	USD
BSV		$0.00053	USD
ETH		$23.15	USD
XRP		$0.00068	USD
LTC		$0.045	USD
Doge		$0.281	USD
Dash		$0.0045	USD
XMR		$0.053	USD
ETC		$0.0027	USD

Yeah that has been quite severe problem for users especially trading erc 20 tokens and till full eth 2.0 release there is not much hope of improvement but if you are trading stablecoins than i would suggest you to use them on other networks like trading and transacting tron based usdt is very fast and cheap and it is the same usdt so take advantage of alternative chains.

We will soon find it inconvenient for all that transaction fee can go high that only miners are able to benefit from this. There has to be done otherwise the ERC20 tokens will be moving to another platform where they deserve. The ecosystem of the Altcoin stops all because the gas fees are not worth paying. We may really be seeing a significant number of projects migrating to other platforms.

i guess the reason why they continue using eth is because they are trading erc20 tokens  . btc cant be used as gas when trading erc20 but btc fees are cheaper on normal transactions .

who would have thought that this could happen ? but one coin is not fair because we cant use it for trading tokens  . theres no assurance that both coins fees can remain but they can rise further , luckily we have another alternatives to choose from

Of course, because they use a product based on the ethereum protocol. As you know that most altcoin projects use ethereum, so this kind of transfer fee is almost unavoidable. unless they look for other alternatives and migrate to another protocol, eg polkadot or neo

Most of the cases are those who invested with ERC tokens they don't have any other options in transferring their assets, they needed to pay this high fees from ETH network.

If there's an option between for sure those people will difinitely use Bitcoin than Eth knowing that they'll be able to transact in much cheaper way.

Complain like this will continue to show up as there are people who are not paying attentions with reading
and understanding the entire process before investing.

If you use your crypto for trading then you can go with other platform that is nor erc20 based. But the problem starts with erc20 tokens. When you are small investor you can afford to trade them just to wait and pray that price of them eill go x10 so you can afford the fees. It's not ETH fault its just how the market is atm.

i have never imgaine that one day i need to give around $30-$40 gas fee for transfer ether. Even i was shock when i go to swap my token on uniswap. It was requiring $103 fee, when my token is $40 worth. That's redicilus but what to do? Opening thread on Scam Accusation can't solve this problem cause no one is going to fixed it. If you don't want to give that fee then there is no way to except stop transactions or wait until the market become normal (don't think, so is going to happened soon)

The fact that users have been complaining about high fees on the Ethereum network for several months does not change anything. Fees are not falling, but only growing. Because the volume of transactions grows, the load on the network grows, the processing time increases and the most impatient pay such amounts. There are two ways out of the situation: either do not carry out ETH transactions, or put up with commissions and conduct.

Have seen another guy some other place complain about that it will cost a $200 fee.
It becomes obvious that this is not a workable project. The only reason to puschase now is for pump and dump, and hope it pumps enogh for fees to be coverd.

Good job op! You suggested Koinos when it was 1 cent. Now its 30 cent! Thats x30!

The big advantage of KoinOS is it uses proof of BURN which is essentially proof of stake (so low energy) but it also has the decentralization of proof of work in it. Its a valid team, not scammers. They have been working together consistently for 6 years and are the most amazing team in krypto.Interviews with them on Youtube. Their first project was Steem/Steemit it was pretty good til Justin of TRX ruined it and they learnt a lot from that and are now doing the most decentralized Blockchain ever in crypto with all their experience. KoinOS is in my top5 altcoins that I will hold the next 5 years next to Bitcoin, I can see x100 maybe even x500. It will definitely be bigger than Avax, Polygon, Algorand..

Feels like buying BTC/ETH early. I love crypto. Please post more cheap projects guys! Stop with the shilling of top50 projects. Wall Street, Kevin oLeary, The Mooch, McAffee, Influencers ARE ALREADY IN THE TOP50 PROJECTS!! We need cheap ones!

ETH had $300 fees that day Luna crashed btw..... $300 !! Thats 1000 KoinOS which will some day be worth $100k? $1m?

Don't make a decision as soon as possible that ethereum is a scam, this happens because ethereum gas is very high because of the dex swap exchange which always makes the queue on the network very congested. There are fees like that which are even more expensive than what you are experiencing, which is very reasonable, because it is not only a transaction fee, but you also have to approve it and then send it back to your personal wallet, it will cost more than 2x the usual transaction fee.

well, besides that, before making a transaction, the transaction can be canceled. however, when we confirm delivery, then we agree with it. So, I don't think it's a scam.
Ethereum has long been known to have very high transaction fees, and we have to look for opportunities to make transactions when gas is low. however, it's annoying, that's why I'm currently still using alternatives like BSC as an alternative coin. Until now I am also still waiting for the development of ethereum 2.0 which is rumored to have a low fee.

Always check Etherium Gas fee on official Etherscan. Fee depend on Total transaction. If transaction become Greater fee will be high. At this time gas fee is only 1$ which is very low. Eth 2.0 is also second best option and we can hope that gas fee will be low after full release of This.

https://etherscan.io/gastracker (https://etherscan.io/gastracker)