High Fees Gas ETH

[thiennhan677]

Yeah, It really increases, but until now I don't know where the gas goes, and from what? Can someone explain to me what is gas? And why do we need to put gas when we are converting token. Is is also the same as charge.

Hi!!
Gas is the internal cost of making a deal or contract in Ethereum.
Gas prices may increase or decrease accordingly, avoiding the price increase of ETH need to change all gas prices.
1. To clear understand the behavior of gas in Ethereum, let's use a comparison. Suppose you are going on the road. Before doing so, you must do some steps :
- You go to the gas station and  pump into the car the amount of gas you want.
- Your Car is  pumped full gasoline .
- Pay fees gas
Now, let's think about Ethereum.
2. The car, is the activity you want to perform, such as a gas contract.
- Gasoline is gas.
- Gasoline station is your miner.
- Amount of money that you pay for them is mining fees.
* Why we must have gas system?
-Same as any P2P system, ETH depends on miner. As more miners, the system will have more and more safe and faster. .
  I'm only have a little knowledge about gas and ETH platform.
  Hope it works for you.

[1715449951]

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[thiennhan677]

this is a sign of ethereum experiencing a solid transaction increase, then the gas becomes high.
what it will impact on the price ethereum itself we also do not know, which obviously have to learn from the trip bitcoin first also so.

That's right!!
It's really miraculous.
* But I think It's also affected a part of flood in China.
- A lot of mining machine is damaged.
+ Can you read more here: http://www.coindaily.co/crypto-mining-machines-damaged-by-flood-in-china/
* Morever, When have many transaction on ETH platform, It's will also increase. It's will help balane market.
I usually say joking. Because World Cup maked a lot of people ( traders, holders) must confusion. They sell, buy a lot of.
Or Maybe, have who someone or force already made this.

[thiennhan677]

Some days this gas fee ETH is very high to make transactions, so it is better in the delay first to transfer token and wait for gas fee down. This also makes many bounty projects delay payment due to high current fee. So it's better to wait before the gas feenya return to normal or down.

I also meet this problem.
Most of airdrop, bounty is delay payment due to fees.
Additional, Sometimes I want to buy some token from airdrop or transfer to exchange in oder to trade (purchase) . But fees is really obsecsion.
More, System is often pending although high fees.
I think fees too high with me. Hope it return back.

[thiennhan677]

When the network is full especially during ICO or deployment of Dapps,  you need to be patient if you are not ready to pay for high cost of gas!  The congestion usually clear in matter of days and everything become normal again!

It already many days. It's make delay about pay token from airdrop and bounty. Morever, It's make someone must limit  trade, purchase.
I feel A lot of people already move to some exchange and put ETH on it!!
This help us save maximum fees.
I hope it return back!!

[solarion]

When the network is full especially during ICO or deployment of Dapps,  you need to be patient if you are not ready to pay for high cost of gas!  The congestion usually clear in matter of days and everything become normal again!

It already many days. It's make delay about pay token from airdrop and bounty. Morever, It's make someone must limit  trade, purchase.
I feel A lot of people already move to some exchange and put ETH on it!!
This help us save maximum fees.
I hope it return back!!

There are many projects going in the market with this delay after the bounty campaign and ICO ends as well. So if the tokens is not has been sent to you after the token distribution starts also you need to report that scam and accusation mate.

Then I do not find any tokens with the high gas fee so far in ERC20 tokens projects. All the projects seems go really well in the market.

[BitcoinHodler]

ethereum is a seriously flawed platform but only because they pump it a lot people close their eyes on all of these flaws. they can't even fix their scaling problems which are 100 times more serious than anything that you may have seen in bitcoin because of the faster blocks and the huge blockchain that it has!
the network is incapable of handling small number of transactions. god forbid we see an increase in them!

[Igorpap2]

-Fees Gas ETH is too high.
-Previous 2 days, I set Gwei from 1 Gwei to 10 Gwei. Transaction is very fast, not pending!!
-But now, It's increase 41 Gwei but i not still execute transaction. I have increase 82 Gwei .
-It's really really difficult!!
-What do you think about it? -Why is it increase?
+I think Maybe some mining machine is stopping !! Or it's to be affected by something such as: politic, disaster and so on... I don't sure about this
+I see when Fres token is listing vote on Fcoin only deposit only 1 token. Gas is increased. I think so because I love fresco project!! haaahha.
+Morever, I think It's also affect from World Cup. After WC season, I think There will be many changes.(Just kidding:) )
So, What do you think about this?
You have some reason for this. Can share for me and everyone??  

In violation of the usual course of work of the network, the application Fcoin GPM Listing is blamed. In order to be listed on this exchange, you must win the vote. Therefore, projects distribute tokens to users through Airdrop, so that they vote for the project's token. Applicants for getting into service use large Gas commissions during Airdrop. Every day, the TOP-5 projects placed on this service form their deposits before the cycle repeats.

[ngonco.giolua22]

When the last time Ethernet reached such a high fee, it was the time when the encryption cat became the hottest, and then it began to plummet, so this situation is not sustainable. It is only a short-term speculation.

[elosi]

I think it's a congestion on the ethereum network as i witnessed it too, I tried to transfer tokens from my wallet to an exchange, it took almost two days to get the transaction done, this is one of the problem with ethereum, they need to scale if they are to remain top in this space

[annaorlova]

I heard that the reason for such strong and sharp fees jump can be the exchange FCoin, which showed just huge volumes of trade on its own coin. But it is not accurate.

[RoftheN]

All coins are not perfect and there will always be glitches in their project when it comes to their transaction process, I think that is what happened with ethereum. one of the flaws of the project. When the gas price increased a lot of people thought that it was because transaction volume increased, that is not true, it is probably a flw. I think it is fixed now though.

[Shushale65]

A high commission for conducting transactions in Ethereum is due to the fact that the ICO conducts fees and charges the Ethereum network very heavily. And as many are engaged in arbitration between exchanges and make many translations every day.

[aliraza6663]

The Real reason behind this is Fcoin Exchange they are doing some dirty works out there and creating congestion on network.

[smoolae]

You can find one of the reasons from here https://dappradar.com/app/676/fomo3d 
Pretty awesome to be honest!

[Oniko]

Vitalik Buterin commented on this?
I think that these are temporary difficulties and soon the eth network will conduct transactions quickly and cheaply

[fakerhunia]

I think this is due to the large amount of transactions from the airdrop paid for the wallet.

[jc89]

-Fees Gas ETH is too high.
-Previous 2 days, I set Gwei from 1 Gwei to 10 Gwei. Transaction is very fast, not pending!!
-But now, It's increase 41 Gwei but i not still execute transaction. I have increase 82 Gwei .
-It's really really difficult!!
-What do you think about it? -Why is it increase?
+I think Maybe some mining machine is stopping !! Or it's to be affected by something such as: politic, disaster and so on... I don't sure about this
+I see when Fres token is listing vote on Fcoin only deposit only 1 token. Gas is increased. I think so because I love fresco project!! haaahha.
+Morever, I think It's also affect from World Cup. After WC season, I think There will be many changes.(Just kidding:) )
So, What do you think about this?
You have some reason for this. Can share for me and everyone??  

The reason for this is that the Ethereum Network is experiencing bottlenecks or congestion. There are many transactions going in that the network cannot handle it. Maybe an attack, sending too many transactions with very low or no fee at all, or whatever the reason behind the congestion. And the only solution here is to increase the gas price so that your transaction will be prioritized.

[silverleafy]

Everything will change after new updates Casper and Sharding, probably in 2019-2020. But I hope they will relase these updates as soon as possible because Ethereum could loose its dominance due to slow transactions.

[Tyr808]

Current high fees are due to a deliberate attack carried out by EOS.
https://bitcointalk.org/index.php?topic=4676328.msg42190636#msg42190636

Shitstorm incoming.
Time to short the fuck out of EOS.

[JeffBrad12]

Vitalik Buterin commented on this?
I think that these are temporary difficulties and soon the eth network will conduct transactions quickly and cheaply

He has commented on that and he was giving an advice be patient for the next ethereum update to implement the next scalability. This congested caused by the blockchain has been spamming by some people were creating the more contract in the ethereum blockchain. You can see that about how the more transaction with high fees has been spamming to the network.