Bitcoin Forum
June 17, 2024, 07:41:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: Gas price  (Read 1701 times)
Donovan XXL (OP)
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile WWW
May 17, 2018, 08:54:50 AM
 #21

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.
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.
From dappradar
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.
Thewel
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
May 17, 2018, 09:04:45 AM
 #22

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.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬     HEXCASH     ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
◆◆◆◆◆     A T​RULY​ DECENTRALISED FUND MANAGEMENT SYSTEM     ◆◆◆◆◆
WP   TWITTER   FACEBOOK   ◆   TOKEN SALE   ◆   MEDIUM   TELEGRAM   ANN
HALLASTERA
Member
**
Offline Offline

Activity: 252
Merit: 12


View Profile
May 17, 2018, 09:31:19 AM
 #23

Gas price in ethereum network always have a huge overpriced. I like a gas in Neo network because that another token.
JeffBrad12
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 524


Leading Crypto Sports Betting & Casino Platform


View Profile
May 17, 2018, 09:42:01 AM
 #24

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.
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.
From dappradar
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...
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.


..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
berezov_petro
Member
**
Offline Offline

Activity: 140
Merit: 10

OPEN GAMING PLATFORM


View Profile
May 17, 2018, 09:56:13 AM
 #25

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

Mask4real
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
May 17, 2018, 01:05:02 PM
 #26

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.

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
BaeNaNa
Full Member
***
Offline Offline

Activity: 286
Merit: 100


Cryptics


View Profile
May 17, 2018, 01:11:42 PM
 #27

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.

balu06
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
May 19, 2018, 07:49:51 AM
 #28


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

Activity: 1288
Merit: 620


Wen Rolex?


View Profile
May 19, 2018, 08:02:44 AM
 #29

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.
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.
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. Angry

Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1
Arcoin1
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
June 14, 2018, 06:33:54 AM
 #30

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.
KalaiBTC
Full Member
***
Offline Offline

Activity: 448
Merit: 102



View Profile
June 20, 2018, 11:47:49 AM
 #31

Any reason for the Ethereum gas price being so high lately?
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.
novy
Full Member
***
Offline Offline

Activity: 728
Merit: 110



View Profile WWW
June 20, 2018, 12:25:55 PM
 #32

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.

fasdorcas
Hero Member
*****
Offline Offline

Activity: 798
Merit: 527



View Profile
June 21, 2018, 08:01:24 AM
 #33

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.
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.
digitalman001
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
July 13, 2018, 08:51:12 AM
 #34

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.
LesterD
Full Member
***
Offline Offline

Activity: 665
Merit: 114


#SWGT PRE-SALE IS LIVE


View Profile
July 13, 2018, 08:53:16 AM
 #35

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

SWG.ioPre-Sale is LIVE at $0.15
║〘 Available On BINANCE 〙•〘 FIRST LISTING CONFIRMED 〙•〘 ✅ Certik Audited 〙║
╙ ›››››››››››››››››››››››››››››› BUY NOW ‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹ ╜
dntkcoin
Newbie
*
Offline Offline

Activity: 101
Merit: 0


View Profile
July 13, 2018, 08:59:06 AM
 #36

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.
Jaycee99
Sr. Member
****
Offline Offline

Activity: 1036
Merit: 273


View Profile
July 13, 2018, 09:02:08 AM
 #37

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  
Sorry not yet finish reading.
dashi555
Newbie
*
Offline Offline

Activity: 72
Merit: 0


View Profile
July 13, 2018, 09:11:25 AM
 #38

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.
mrs_bitcoin
Jr. Member
*
Offline Offline

Activity: 143
Merit: 1


View Profile
July 13, 2018, 09:21:53 AM
 #39

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.

■ CLOUD TOKEN ■
█Get from 6-12% monthly in CTO tokens. REF CODE + 50% profit:4901547258 █
wdelius
Member
**
Offline Offline

Activity: 308
Merit: 10

Open and Transparent Science Powered By Blockchain


View Profile
July 13, 2018, 09:21:58 AM
 #40

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

ORVIUM        Open and Transparent Science Powered By Blockchain        ORVIUM
█    Whitepaper        Telegram        Twitter        Facebook        Reddit        Blog    █
▇▆▅▃▃▃▃▃▃   Token Generation Event: Coming Soon   ▃▃▃▃▃▃▅▆▇
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!