Gas price

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[Hammonds]

Usually it depends on the token that will be sent, if the token that will be sent is a lot, then you need a lot of GAS.
But if the token you send is a little, then a little GAS is needed.

Maybe it's comparable to the transaction power needed to send.

[Vanhoang2000]

The limited gas price is set at the moment for Ethereum to run steadily but will float on demand, and total gas volumes in each block will increase to encourage the stability of the Ethereum network.

[christofyler]

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

I think gas depends on traffic..... The number of people performing transactions makes it high.

[Hanazawa]

I think it depends of the current price of ethereum right now. And also the reason why gas prices are so high it is because a lot of people are choosing ethereum to use as a good transactions of their cryptos. That's why imymay cause to slow the transaction because every single minute their will be an exchanges or transaction happen.

[pekingcoepo]

I recently tried to make a transaction on MEW and the gas I spent was very cheap and didn't even reach $ 1 for tokens that have little value but I don't know if there are many here who feel harmed by small things like that because I don't think there is a problem about the gas provided by the ETH, the most important is a fast and smooth transaction regardless of the gas provided, Ethereum provides the best solution.

[raptorez]

Only today sent a little ETH, I was quite satisfied with the price of GAS, which is now on ETH, I think that the price today is very small and I hope that in the future we will still be able to reduce commission prices.

[Ridzik111]

It all depends on the speed of sending the coin. If you want the coin to come to you faster then of course you'll be more plagued, if you do not rush with the transfer then the GAZ will be small.

[Ziscadas]

Each transaction requires you to include the value of the gas limit and the commission that you are willing to pay for a unit of gas. Its amount depends on the speed of the transaction and its volume. If the gas was used less than the limit, all excess gas will return to the sender in the form of an Ether.

[Revvo1]

I must confess this is a mystery I am still unable to unravel. It usually amaze me anytime the price in gas just skyrocket from the average they are supposed to be. Let us forget the fact that so many transactions are always run on ETH network. It's a normal thing; almost everyday we have several thousands, if not millions transactions running on ETH's network on a daily basis.

[Haunebu]

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.

This could be the most probable reason indeed. The current Ethereum price depreciation might have spooked many investors due to which many of them are dumping their Ethereum leading to network congestion which is most likely why the Gas price is so high at the moment. However, I don't necessarily think that it is too high and it is only a temporary scenario and am expecting it to go back down soon once the market stabilizes again.

[Jiucaige]

Congested networks are the main reason, because the increase in usage and the number of users has increased the fuel cost of Ethereum!

[Gotimour]

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.

This could be the most probable reason indeed. The current Ethereum price depreciation might have spooked many investors due to which many of them are dumping their Ethereum leading to network congestion which is most likely why the Gas price is so high at the moment. However, I don't necessarily think that it is too high and it is only a temporary scenario and am expecting it to go back down soon once the market stabilizes again.

Now gas price is stable and very rarely exceeds 10 gwei, I do not think it's a lot. The big price was in the spring, when one of the stock exchanges established stupid listing rules.

[Camus]

The price rises simultaneously with the growth of the number of users. this is also a market, and the economy operates here. if you are not in a hurry to make a transaction, wait for lechshe. but this does not guarantee.

[docamvan1997]

It depends on the market. When the market is hot, we can not send ETH easily. That makes us to set high gas price. I always wait until the market is not hot to send ETH. I think it's good decision.

[MasterICO]

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

When Ethereum Network is congested usually the gas price will spike a little bit due transaction prioritization the more high gas offer (gwie) the more it will first to be process thats my simple analogy since when im doing transaction and i want to be faster im just simply set to high gwei price and viola its instant confirm transaction.

[thesosorr]

Why is the high price possible because of the demand for smooth transaction processes. For me it doesn't matter as long as our process is smooth when transacting. This is the reason for me.

[Irma nurfalah]

you should try sending non-urgent transactions with a lower gas price as the more transactions that occur at the lower gas price, the more likely miners will lower their minimums. A very awesome miner, accepts a 2 GWEI price, but their blocks are always full and when it does it is full so you may have to wait for a few of those.

[Gurjasmeet]

Due to popularity of the etherum gas it's price growth high. it's only depends upon the traffic .it has a high speed of transaction .

[FurDich]

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

Gas price increases because of the heavy traffic in the city . It consumes a heavy traffic and that is why the gasoline prive arises . Also ethereum is the reason above all .