ETH Gas Fee Super High Now!

[Daddyj2]

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.

[Natsuu]

Yeah and seems the network is too congested as every transactions had just failed and still even got charge. Having a 18 gwei will cost us over $2 but still failed. I just wonder what's really going on because traders will be pissed off by missing some good pump. It's now really annoying since the last weekend.

[Red-Apple]

ETH network has been congested for a very long time and there is nothing anybody can do about it. and with that congestion the fees will go up and up without control until the network fails and everything is fucked for a while before the same thing is repeated again.

there isn't even a spam attack yet on ETH network like we have on bitcoin every now and then. imagine what would happen if someone did a spam attack or "stress test" on ETH network.

[Iambatman]

How much right now or how many eth? i dont transfer right now but maybe next week just wanna know how high is the gas right now

[Diamond_Darrell]

ETH network has been congested for a very long time and there is nothing anybody can do about it. and with that congestion the fees will go up and up without control until the network fails and everything is fucked for a while before the same thing is repeated again.

there isn't even a spam attack yet on ETH network like we have on bitcoin every now and then. imagine what would happen if someone did a spam attack or "stress test" on ETH network.

It's koshamr and horror. And what about all of us waiting? If this goes on, then organizing ICO on NEO or Waves will not just be profitable financially but also technologically

[coin-investor]

This will have an impact on airdrop and this could be the one that is going to stop these airdrops, I notice there are so many airdrops compare to Ico and because of this, the network has become congested and the fee becomes high, let's see if there's a fix on this in the coming weeks.

[arthotdog]

Yeah and seems the network is too congested as every transactions had just failed and still even got charge. Having a 18 gwei will cost us over $2 but still failed. I just wonder what's really going on because traders will be pissed off by missing some good pump. It's now really annoying since the last weekend.

I thought it was only me whos getting into this until i find this thread now,i am asking myself since yesterday if this is normal or theres somethings happening,since im not usually using gas because only few transaction from ethereum,but it amazed me upon checking how much is the gas fee now,i hope theres a good explanation about this.unless this is the same scenario that happens in bitcoin last december when the price goes hugely high

[bogacola]

The reason why whole ETH network gas fee is so high.
FCoin GPM listing forces all candidate companies to use massive gas fee to airdrop to FCoin accounts to create that deposit vote number.
Each day top 5 gets listed, then count from 0 again.

[Paniudto]

This will have an impact on airdrop and this could be the one that is going to stop these airdrops, I notice there are so many airdrops compare to Ico and because of this, the network has become congested and the fee becomes high, let's see if there's a fix on this in the coming weeks.

This could be one reason why ICOs won't give airdrops anymore because of high transaction fees for a penny.

[bitcoin.beda]

It is normal to have a period of high gas fees, especially when their a big ICO upcoming in which Gas Competition will occur in order to purchase the token fast against other. Just wait as it will neutralize soon after that event.

[anti76]

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.

[spain cool]

Most of the companies are likely wanted to distribute an ICO token to their investors or to distribute bounty tokens to their participants. This cause Ethereum blockchain overloaded and just want to confirm a higher gas fee.

[kinki32]

That because a lot of ICO's convert their tokens to BTC and ETH for support price. When bitcoin is falling then every altcoin falling equal x2.

[xalp]

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?

[Donned]

Yes, the current GAS value is too high for me to accept.
Because such a high fee means a lot of money is needed to transfer token.

[lakimens]

That could be an indicator of a bull run, lots of people using ETH and moving money.
BTC mempool/unconfirmed transactions have also been growing and are very high.

[KevenDabid]

It is true that if GAS is kept at such a high value, it is not appropriate to distribute the bounty.
I think the reason why GAS keeps rising recently is because of the new token policy of Fcoin exchange.

[tonyvo2017]

Yes, it will greatly affect the transaction. It looks like ETH is giving a bad strategy and it has a lot of impact on customers. If the transaction fee is not adjusted, people will have to look to another better platform like NEO to carry out the ICO project.

[plr]

There used to be a network congestion because of the cryptokitties thing, now this high fee and another network congestion, this will happen again and again because of the ico and airdrop, the only positive side is there will be no more airdrop, well hopfully.

[Mikado$]

Hi. Agree with this. Ethereum network has been delayed in the past few days. If you want the transaction to become smooth. I think that raising gas charges is a necessity. I had some problems dealing with gas charges.