ETH Gas Fee Super High Now!

[okala]

That means we are facing the same problem in ethereum as it happens to bitcoin in December when the transactions fees went up like wide fire and that affect cryptocurrencies market generally.  Many traders and holders that are using ethereum are seriously complaining about this and I think icos and bounties promoters will be the most affected.

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[mariaana]

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

Let your fingers find this link if you want to know the recommended gas prices:https://www.ethgasstation.info/
The gas price is a changing value affected by the number of requested transactions. If you can wait then you can opt for a lesser accepted value and to hasten the success of your transaction then choose a bigger gwei.  Miners are using electricity to create hashpower to handle transactions while being profitable.  The miners are affected by the change in the value of fiat to buy petroleum in order to create hashpower.  The sudden increase in the price of petroleum in the market can create a surge in the eth gas fee.  

[Haterstestbtc]

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

Well, this is somthing an error of ethereum wallet address transaction at this moment and it can be fixed this soon. Cause is not a normal transaction fee to be done in trading coin.

[btc_angela]

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.

Weird. ETH gas price doesn't cost that much though. And I'm sure that it will affect a lot of bounties.

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

I see some spam token as well in my MEW wallet and I was surprised about it. Although ETH as a steady network, but this kind of transactions really messed up everything. It might be very well compared to network spamming in bitcoin. So its either you increased the gas price to get your ETH or just wait till everything is back to normal.


https://coingape.com/binance-raises-gas-price-on-withdrawals/

[Cryptoguru274]

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 would think the problem of gas price increase is all about network issue, I believe every thing about correction would be done very soon and the whole thing will become normal again.

[gizmodo1987]

Ethereum network seems overloaded now and cause this reason. It's likely people now are converting their assets to eth or eth to other coins/tokens that cause this congestion.

[BillyBobZorton]

That means we are facing the same problem in ethereum as it happens to bitcoin in December when the transactions fees went up like wide fire and that affect cryptocurrencies market generally.  Many traders and holders that are using ethereum are seriously complaining about this and I think icos and bounties promoters will be the most affected.

But in ethereum it's much worse. The impact on the ecosystem translates into all the ERC tokens, so it's a mess that spreads across a bunch of other investments. The Ethereum blockchain also keeps growing in a stupid rate, meanwhile Bitcoin is capped to 1MB and this keeps the blockchain size from becoming a problem to both store and validate. I can't wait for september to see the Bcash attack and see how a 32 blocksize copes with a spamfest.

[duongdaiduong]

Recently, the transfer of token from Mew purse to exchange is very difficult.
I had to deposit token to exchange, but it took more than a day to successfully implement. Gas is very high (250000).

[bogacola]

Prices are very high

[dumpesu]

There used to be a system blockage in view of the cryptokitties thing, now this high charge and another system clog, this will happen over and over as a result of the ico and airdrop, the main positive side is there will be no more airdrop, well hopfully.

[bittick]

There used to be a system blockage in view of the cryptokitties thing, now this high charge and another system clog, this will happen over and over as a result of the ico and airdrop, the main positive side is there will be no more airdrop, well hopfully.

There's still plenty of airdrop out there even if they paid for an expensive gas for fee they still doing it anyway. But as I heard that vitalik is trying to solve this scalability issue in his twitter is such a relief, if the system could overcome this then Im pretty sure that in the future ETH will be the most scalable coin out there.

[adejoke444]

This was the reason most of us moved from using bitcoin for all transactions because of the high fee and ethereum is now facing same..

[darth_cryptorider]

Gas price unbelievable high now. I heard that it was due to voting on Fcoin exchange. I hope Ethereum team will do something with the network  to avoid such situation in the future.

[favelle75]

Its getting to normal. That was really nice cause i have mining rigs and they made nice profits last week.
I love when gas fees go crazy

[The KGB]

180 for a normal transaction, that is HUGE and i am more than sure in that there are a lot of people trying to move out of ethereum at the moment, becuase this is a garbage and i would not even pay two bucks for a transaction at the moment, no way

[VAGR]

There used to be a system blockage in view of the cryptokitties thing, now this high charge and another system clog, this will happen over and over as a result of the ico and airdrop, the main positive side is there will be no more airdrop, well hopfully.

There's still plenty of airdrop out there even if they paid for an expensive gas for fee they still doing it anyway. But as I heard that vitalik is trying to solve this scalability issue in his twitter is such a relief, if the system could overcome this then Im pretty sure that in the future ETH will be the most scalable coin out there.

Butyrin promised to solve the problem with scaling even more than half a year ago. At that time the network lay down because of the appearance cryptocats.
What is now overloaded the network?

[MAXE]

Yeah, I hope so too. Some project can't even distribute tokens for bounties and airdrops to the participants. That's not good for anyone.

[Joyawan13]

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.

this is what people are concerned about, with rising gas prices feared to have an impact on new ICO projects that will transfer tokens and distribute their tokens, if an increase in gas prices will affect it all, in the future the ICO project will search and choose to use other platforms, and I do not want that to happen because for me Ethereum has been trusted by many that this altcoin will be good for the future, so Ethereum must be able to maintain its trust.

[gune68gune]

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.

this is what people are concerned about, with rising gas prices feared to have an impact on new ICO projects that will transfer tokens and distribute their tokens, if an increase in gas prices will affect it all, in the future the ICO project will search and choose to use other platforms, and I do not want that to happen because for me Ethereum has been trusted by many that this altcoin will be good for the future, so Ethereum must be able to maintain its trust.

It clearly affects the ico project for their token distribution, so some projects choose to postpone it until the gas price returns to normal. Yes, I also hope ethereum can maintain trust.

[Pancheng]

It is like bit expensive now a days because coins are still on recovery moment but when coins and some Altcoin is on their peak price, the gas is just small amount to lose when you transfer some coins per batch to exchange..