ETH Gas Fee Super High Now!

[danpariseau1]

Awful. I chose GAS 80GWEI that more than 2 hours still pending, do not know what is going on

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[Pecunia non olet]

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

Ethereum is now experiencing same situation like Bitcoin in 2018. The network is overloaded now because many people use it in same time. Is that good? Probably right, but developers need to solve it quickly.

[Hui8]

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

You dont have to wait for the Gwei to drop that below. You can always set it to the 8-9 Gwei range but only the play here is it will take few hours to get your funds transferred.
Currently there is issues going on with the Fcoin airdrops and other airdrops too who are using heavy transaction and thus network has got too much congested. Obviously in such situation the prices for Gwei per transaction rises to overcome the stressed out network. Also in between the Gwei price does drop below 10 Gwei so keep watching the Gas Station page.

[BillyBobZorton]

Speed   Gas Price (gwei)
SafeLow (<30m)   84
Standard (<5m)   84
Fast (<2m)   100

SafeLow Gas Price x40 in 2 days!

I'm found strange contract https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Token Contract:   Gram (GRAM)

Latest 1 day 11 hrs https://etherscan.io/address/0xc801ad718521f65fab4ce45b5ae99f8436c5bd2d to this contract 77171 txns.

Maybe is it reason?

There's probably someone with enough time and resources to screw up the blockchain again. This is the big and unsolvable problem that Ethereum designed upon itself: A platform in which people can develop trash like Cryptokitties to bloat up the blockchain.

Ethereum is broken by design and it will not end well. It's going to collapse someday. I hate to say that but I think it's what will happen. And im not convinced that any of these so called scaling solutions will save it as well.

Stick to Bitcoin if you want to hold crypto long term, everything else is too risky. Most likely all other systems have systemic flaws on their designs.

[50ouncebrew]

What you should do is to set the gas price to the value that you want it to be. You do not have to use the gas price that is pre set there. It might go through slower if you reduce the gas price but that does not mean that it will not go through. Prices are still low so you do not have to worry about your transactions not going through because of an increase in transaction volume

[Hexcolyte]

It is perfectly normal, and it is also a critical issue that need to be fixed in no time. High load of transactions is expected but it is still an issue since the inception of Ethereum.

[thaokhuyen01]

It is unbelievable in the past few days the price of GAS has risen too high. I am very nervous when the charges are high, transactions are very slow. How long will this condition last?

[berezov_petro]

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

I think that in a few days the price of Gas will drop to its normal rate. I can not say exactly what the rapid rise in price is due to. I think that the bounty campaign will now suspend the distribution of rewards.

[ifirina]

Yes, it is ridiculous!
I see transactions with 200 gwei which were processing about 30 minutes. With such conditions it is very difficult not only move funds between wallets but also participate in ICO.
There were found several contracts that spam the network:
https://etherscan.io/address/0x429bf8ec3330e02401d72beade86000d9a2e19eb
https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
But I guess there are more of them. It would be interesting to know what the reason of this circus and what they are trying to accomplish?

[tresbien21]

Don’t worry about this, this is a normal situation from time to time. It happens especially when the market is recovering, but the gas fee will come back to the normal price eventually

[Natsuu]

The price of gas is too high. I'm already thinking about becoming a miner) They will soon become millionaires.I don't understand the strain on the network that we have to pay so much for gas.

Seemingly, there's just few miners now to help the network, in line of having many transactions then there should be more miners. Because paying high fees aren't reasonable when you have to wait for a day for a transaction to get confirmed. Good thing I tried earlier to trade and gets confirmed after an hour. I must be lucky today.

[piebeyb]

I see some spam tokens that make transactions until the network is very full, 1 thing that makes me wonder who did it and who messed it up there seems to be people who finance them to do such crazy transactions, so trying to mess up people's minds about having ethereum costs are great but let them make the mistake of throwing out their ethereum for their spam transaction costs
https://etherscan.io/token/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4
https://etherscan.io/token/0xedc502b12ced7e16ce21749e7161f9ed22bfca53
https://etherscan.io/token/0x4b317864a05c91225ab8f401ec7be0aeb87e9c12

[Dr.Lecter]

yesterday, i tried to send 0.01 ETH with Gas fee: 20 gwei, and it has been confirmed after ~8 hours. lol

[poodle63]

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

Someone has been spamming the network. I know the address that has already created so many spam transactions then he was wasting thousand dollars to pay the gas fees. This is totally attack to the ethereum network. Those spam transaction will increase the standard of the gas fees.

[xalp]

Don’t worry about this, this is a normal situation from time to time. It happens especially when the market is recovering, but the gas fee will come back to the normal price eventually

This not normal.
it's not the market that is recovering.
Several contracts begin to spam in the Etherium network.

First contract: Token Contract: Gram (GRAM)
https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44
Spam on it starts in several stages, but the main - 2 days 4 hrs ago. Main stage has stopped 14 hrs 1 min ago.
In this period: ~ 90050 transactions to this contract

Here's contract: 3D BlockChain Token (3DB)
https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4
Spam on it starts in several stages, but the main - 3 days ago and continues still.
In this period: ~ 76350 transactions to this contract and continues still.

And value each of transaction is 0. It's pointless.

[kevindjunaidi]

yes and it happens because Ethereum price is so high and I hope that Ethereum price increase will continue even if it causes gas fee from ethereum so expensive.

[xalp]

yes and it happens because Ethereum price is so high and I hope that Ethereum price increase will continue even if it causes gas fee from ethereum so expensive.

Are you really do not understand that this is not related to the growth of the market?
It's not related to the growth Ethereum price.
At the last 2-3 days, more than 160,000 spam transactions in the Ethereum network.

Recommended Gas Prices:
3 days ago: SafeLow (<30m) 2 Gwei.
Now: SafeLow (<30m) from 20 to 50 Gwei.
x10~x25. In 3 days.

[adiebitsler]

which obviously the number of transactions conducted by the community that affects the rise of GAS, when later not solid will be back to normal or it will be determined the amount of GAS with normal delivery time.

[3kpk3]

What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.

You dont have to wait for the Gwei to drop that below. You can always set it to the 8-9 Gwei range but only the play here is it will take few hours to get your funds transferred.
Currently there is issues going on with the Fcoin airdrops and other airdrops too who are using heavy transaction and thus network has got too much congested. Obviously in such situation the prices for Gwei per transaction rises to overcome the stressed out network. Also in between the Gwei price does drop below 10 Gwei so keep watching the Gas Station page.

Experienced this myself earlier and this is quite irritating which is due to the reason that you specified. The last time I experienced something so irritating was during the release of the pet game which seriously messed up the network in many ways. The Ethereum developers need to focus more on improving their blockchain network since these issues are cropping up more often which is both good and bad as you stated.

[Donovan XXL]

Wtf?
Gas was under 1 gwei a week ago.
If Ethereum wants to be at the top, it's gotta fix this issue.