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Author Topic: 50 Gwei Transaction  (Read 213 times)
JeffBrad12
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March 10, 2021, 04:07:38 PM
 #21

For successful transaction we should use average or recommend gwei.
This is the main point. It's better he was seeing these suggestions and he will not waste his money on the network.
The gwei can change anytime and when someone was sending a transaction with very small gwei and it will never be confirmed by the block unless the market is starting to face the stabilization that will make a big decrease on the ethereum fees.
People will be wasting their money if they were broadcasting a new tx with a small amount of gas. The worst decision that ever made.

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March 10, 2021, 04:15:19 PM
 #22


I'm not having enough in the wallet and thinking if the transaction will go through or will it get stuck.
It's better if you are waiting until the gas fees will go down

Best to do if you are not rushing, else, adds up before you proceed as the amount of gas fee that you currently have will only stuck you up. A waste of your time as it won't proceed.

The adjustment is in the side of the investors and traders, gas fees are very huge until now and if you are not hurrying
keeping your assets and wait till the transaction fees to  decrease is much better option.

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worldofcoins (OP)
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March 10, 2021, 04:26:00 PM
 #23

People will be wasting their money if they were broadcasting a new tx with a small amount of gas. The worst decision that ever made.


I think you're correct it'll be a waste if I try to send a transaction with lower fees, there's a chance of getting it rejected.
P.S: If the transaction is rejected or stuck will you lose all the gas amount you paid for fees?

The adjustment is in the side of the investors and traders, gas fees are very huge until now and if you are not hurrying
keeping your assets and wait till the transaction fees to  decrease is much better option.

I think that's the best thing to do!, I'm also thinking about switching to Binance chain and giving up ETH chain.
The thing is I've 2 addresses on MEW and on Binance Chain (BNB).

BNB tx costs around 0.2 - 0.3$/tx. Where as ETH tx costs around 3-10$ on around 100-190 Gwei.
Pff i wish there was an option on ETH to select multiple Tokens and send.




Thank you everyone for the info.


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March 10, 2021, 04:32:26 PM
 #24

https://etherscan.io/gastracker
https://ethgas.watch/

These website provides you the fast and slow fees for transaction in real time. Changes as the block happens. The slow limit is generally the minimum you could transact it. It's been over a month that the average transaction fees is over 100 Gwei.


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March 10, 2021, 05:32:55 PM
 #25

P.S: If the transaction is rejected or stuck will you lose all the gas amount you paid for fees?
It happened to me at Uniswap platform when I tried to exchange a token for ethereum. The transaction was taking some time, it didn't complete, so it was cancelled and I lost my money paid on fees.
However I don't know if you will lose your money if you are just sending a token from an address to another.

Another forum users could clarify this situation below.

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March 11, 2021, 02:40:25 PM
 #26

Does anyone think a 50 gwei ETH fee transaction might work?

I'm not having enough in the wallet and thinking if the transaction will go through or will it get stuck.
It is such a bad period that 50 gwei is considered rejectable, and the average is at around 100 gwei right now, back in the day we handled this with under 10 gwei very easily, 3-5 gwei was more than enough to pass anything we want, sure it was bad times for miners but for people who traded or who used anything really, would have been perfectly using it for very cheap.

In any case we are at least doing better with the development right now, in just 4 months or so we are going to have eip 1559 which will drop these 100+ gwei prices down, that will help us drop it back to under 10 gwei again eventually, and when we reach to eth 2.0 that is going to make it nearly free as well, still a bit paid but not much. Unfortunately for now, if anyone uses 50 gwei that will result with rejection because miners are greedier than ever and people are paying 100+ like an idiot.
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