THE ETHEREUM GAS FEES

[BayAngelo]

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

[Ryker1]

Well, if you know how gas is important in Ethereum transaction you perhaps did not ask this. We back to the basic if you don't understand, --gas is a unit that measures the amount of computational effort that it will take to execute certain operations, such as Ethereum miners.
I am afraid also that it perhaps more bit higher if the volume 2.0 of Ethereum will successfully be done because miners perhaps left the pipeline of mining due to the new applied network of Ethereum that not perhaps suitable for the old miner machine.

[zasad@]

https://ethgasstation.info/calculatorTxV.php

First you need to make a calculation of transaction

minimum gas limit in Ethereum 21000

Cheap (26 Gwei)  26x21000= 546 000 Gwei= 0.000546  ETH =0.13$
Fastest (41 Gwei) 41x21000= 861 000 Gwei= 0.000861  ETH =0,2$
Converter
https://www.myetherwallet.com/convert-units

Actual Gas Price
https://etherscan.io/gastracker

If gas demand grows, you should pay or wait a very long time.

[casperBGD]

https://ethgasstation.info/calculatorTxV.php

First you need to make a calculation of transaction

minimum gas limit in Ethereum 21000

Cheap (26 Gwei)  26x21000= 546 000 Gwei= 0.000546  ETH =0.13$
Fastest (41 Gwei) 41x21000= 861 000 Gwei= 0.000861  ETH =0,2$
Converter
https://www.myetherwallet.com/convert-units

Actual Gas Price
https://etherscan.io/gastracker

If gas demand grows, you should pay or wait a very long time.

yeah, or you should wait for gas fees to be lower, check ethgasstation website and do transaction when the fees is lower, usually during night in Europe
of course, if you need to do transaction fast, you have to pay the fee, there is no way to go around that one

[Baofeng]

It seems like the OP hasn't been in crypto sphere to see the this is not the first time that we have seen this in Ethereum, and for those who have been here longer, remember this? Loveable Digital Kittens Are Clogging Ethereum’s Blockchain. So just like bitcoin, when the network is clogged, fees increases, win-win situation for miners. And we can't do anything about it, unless you wait till the network gets cleared or pay high fees so that your transaction gets prioritized.

[torrantz]

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

You should be patient for that and it will be solved as soon as possible through the migration from EVM into the web assembly

The serenity update will bring a lot of advantages to the ethereum to increase its capability and scalability

[Woodie]

I thought i was the only one having a bad day anything below 34 gwei is taking forever because there is over 10 thousand pending transactions

i thought eth was forked and all these problems were sorted out??

[meanwords]

I thought i was the only one having a bad day anything below 34 gwei is taking forever because there is over 10 thousand pending transactions

i thought eth was forked and all these problems were sorted out??

No, this is all happening around the world for some reason (I personally think it's because of DeFi). I don't know what you mean by fork but if you mean Ethereum 2.0 to solve all this problems, then it's still a long way to wait.

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

The only resolution I see right now is to really pay the gas fee that is recommended by experts to make the transactions faster. It's a bother though considering that I made am making transactions that has a fee of almost half a dollar compared to the start of the month. You either pay high enough or wait long enough.

[mersal]

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

When the gas price increases then you have to increase your transaction fee that is the only possible solution to overcome this issue or if you are making transaction of ethereum too often then you have to switch to other coins where the fee is low but if it is ethereum based tokens means you have no ither choice though.

[Gibreil]

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

When the gas price increases then you have to increase your transaction fee that is the only possible solution to overcome this issue or if you are making transaction of ethereum too often then you have to switch to other coins where the fee is low but if it is ethereum based tokens means you have no ither choice though.

Just like what I did when I see that ethereum gas fee increases. I turned my assets into XRP since ripple has lowest transaction fee. I believe that this is happening because the ethereum 2.0 will release in July 2020 which be a sign that many buyers of ethereum are getting prepared for a certain pump.

[Xxmodded]

Two month we faced with higher gas fees ethereum to make transaction with erc20 platform, although ethereum price still down but we need higher gas fees payment when sending ethereum coin platform, look impossible will lower gas fees and impossible to get lower value when transaction.

[GreatArkansas]

I thought i was the only one having a bad day anything below 34 gwei is taking forever because there is over 10 thousand pending transactions
i thought eth was forked and all these problems were sorted out??

Forked for?
Ethereum was not forked from other project or you mean Ethereum was forked by other projects?
For me, this is also one of the main problems of Ethereum especially way back around 2017-2018 bull where that's the time we saw also a huge traffic on ethereum network, especially the crypto kitties games and the ICO fever using ERC20 under Ethereum.
For now, it's still the same, but for sure in the upcoming updates of Ethereum this can be solved, let's hope.

[studio1one]

Ethereum remain the best and first smart contract project to be introduced on the blockchain platform. respect to that but i think it is high time they figure out on how to deal with high gas issues. this has lingers for over 3 months. so many payments are pending OR are been delayed due to high fees. what are the possible solution to FAST RESOLUTION of ethereum gas fees whenever it goes High.

Trust me this is nothing when crypto kitties was launched on ETH network was so clogged that we had to GWEI of 100. but I agree with your frustration they need to do something about it soon.

[notblox1]

Only real solution for high gas fees may be Ethereum 2.0 release.
We seen that recently fees on ethereum network was even higher than on bitcoin network, and that is a bit funny.

[drumamat]

As far as I know the high price for gas in the Ethereum network is due to the fact that the participants of the pyramid spam the network with a large number of transactions. I don't know yet when and how this problem will be solved.

[Coin_trader]

Only real solution for high gas fees may be Ethereum 2.0 release.
We seen that recently fees on ethereum network was even higher than on bitcoin network, and that is a bit funny.

I think he know already about scalability issue of ETH which requires v2.0 of Ethereum to solve it and he is asking for an alternative way that available right now which I believe there is. I knew a project that might relieve this problem but not 100% sure. There is a pillar project which has available wallet for ERC20 wallet. They introduced there own smart contract wallet which I believe a side chain on ETH blockchain. You don't need to use ETH as fee on every transaction but rather PLR coin there own native coin as fee for sending any ERC20.

Full details are here: https://pillarproject.io/

[Iyeman]

I thought i was the only one having a bad day anything below 34 gwei is taking forever because there is over 10 thousand pending transactions

i thought eth was forked and all these problems were sorted out??

The old fork of ethereum are not focusing to increase the scalability of ethereum and this problem will be fixed on the next update as the developer has already stated the migration from EVM to the eWASM will solve a lot of problem especially for scalability

[cryptoperkele]

...
I am afraid also that it perhaps more bit higher if the volume 2.0 of Ethereum will successfully be done because miners perhaps left the pipeline of mining due to the new applied network of Ethereum that not perhaps suitable for the old miner machine.

I don't get this. Why would miners have left then? You can still mine it same way as before as we still have the same consensus algorithm. It's not 2.0 yet.

[Jating]

...
I am afraid also that it perhaps more bit higher if the volume 2.0 of Ethereum will successfully be done because miners perhaps left the pipeline of mining due to the new applied network of Ethereum that not perhaps suitable for the old miner machine.

I don't get this. Why would miners have left then? You can still mine it same way as before as we still have the same consensus algorithm. It's not 2.0 yet.

I also do think that ETH miners have been preparing for the migration to ETH 2.0, so I don't think that they are going to abandon ETH literally, maybe some, but majority will continue to be a validator and be open for the 32 ETH staking.

As for the gas fee today, there's a lot of transactions obviously, and that's the reason why ETH 2.0 was put into plan because of the scaling issue specially with the cryptokitties debacles years ago. It exposes ETH so called "vulnerabilities".

But we are almost in July and we are all waiting for ETH 2.0 going into production unless there's another postponement.

[masterrex]

It seems that many Eth users are already pissed by this kind of problem in the Ethereum Network. Even me I have also some unconfirmed transactions until now. with this kind of situation, the advantage is only for the miners, I hope it will resolve soon to ease the burden of Eth users. For me, there was no Immediate solution to fix this problem except paying the proposed gas fee to fasten the transaction. or just wait for the full implementation of the Ethereum 2.0 update.