Gas price

[luyin46]

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.

[Psychee]

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

[aspalela]

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.

[fakegurutu]

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

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.

[aurellio]

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.

[liangzi123]

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.

[Fulmand]

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 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.

[Vinalians]

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.

[Tytanowy Janusz]

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

[Nisharawal]

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

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.

[Businesscase]

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.

[StockholmZ]

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.

[Flygonz]

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.

[Sachapugach]

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.

[Jombrangs]

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.

[juragankambing]

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

[Trofo]

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 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.

[sanacaks]

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.

[melander81]

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.

[JoniPopens]

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!