ETH Gas transactions price is about to hit 300

[khiholangkang]

Even now, the gwei has reached 320 for one transaction, this is going up too fast. I also had a pending transaction when the gwei was still 200 yesterday, and it looks like it will be very difficult to get confirmation.

[jrrsparkles]

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Whenever the price of a coin gets doubled or tripled in real short time then more and more people will be interested on buying and selling thoe coins which is the main reason for the transaction prices to gets increase.Few months back the same people suggested ethereum if they want to avoid the high fee of bitcoin transaction but now the things were changed.Maybe some of the people will go for other cryptos but most of them will decide to hold and wait for the normal days.

[foxy]

I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Even with the ETH 2.0 launch, it will take at least a year for the transaction fees to go down because AFAIK ETH 2.0 will be launched in three phases. Phase 0 which is now phase 1 which is mainnet without smart contracts and phase 2 which will include smart contracts.

[yohananaomi]

I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Even with the ETH 2.0 launch, it will take at least a year for the transaction fees to go down because AFAIK ETH 2.0 will be launched in three phases. Phase 0 which is now phase 1 which is mainnet without smart contracts and phase 2 which will include smart contracts.

Yes, for the time being what happens is to enjoy the fact that this is already a decision. if we do not follow the rules of how we want to perform transaction actions. I hope we can go back to the beginning but is it possible? because they also want to enjoy the results obtained. so we have to be patient and don't make transactions with a small value because it is clearly detrimental and must get used and be patient until the value is commensurate.

[Bitstar_coin]

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Well the sad thing about moving to another blockchain is that when you own some erc20 tokens in your wallet, you can't use this coins you mentioned above to pay for fees, you will still have to use eth gas, this is really a tough situation with eth high gas rate, it is getting difficult everytime and it is not making transactions easy, now I can't make small transaction in my wallet because gas fee is way too high.

[kindbtc]

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Transaction fee increase as the transactions increase and the network gets bloated or congested, this has been a long standing issue with ethereum network but i think selling now will not be wise just be patient as they are working on solutions and once they are implemented i am sure eth will fly high.

[Blue_oxen]

I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Even with the ETH 2.0 launch, it will take at least a year for the transaction fees to go down because AFAIK ETH 2.0 will be launched in three phases. Phase 0 which is now phase 1 which is mainnet without smart contracts and phase 2 which will include smart contracts.

That's so true! In my opinion, launching ETH 2.0 not only can't reduce the fee but also increase them! As we can see, many people are waiting for the launch of ETH 2.0. The reason is that they believe when ETH 2.0 launched, there will be a bullish season for altcoins. Therefore, it can be a factor to even skyrocket the ETH transactions fee!

[rajsimran]

I am worried about ETH Gas fees. A few hours ago need to trx ETH and need confirmation fast. Myetherwallet suggests to me 453GWEI for making trx faster. Which was around 3$+. I didn't pay this amount of fees in my crypto history. If it continues to take higher trx fee then I will not use ETH to pay thourh ETH.

[Ridwan Fauzi]

DeFi effect, have you see this article ?

As we know Decentralized Finance project has been popping up and become the promising place for investing. Almost all DeFi's project has increased in value even it has beaten the movement price of bitcoin. It gives many effect for the ethereum's chain like the transaction fee has increased for more than 200% so far.

[leea-1334]

That sounds really strange to me to be honest. I know gas fees are high but yesterday all day I could see it max was 200 for almost instant confirmation. I still sent 150 and it was confirmed in less than 1 minute, for sure 100 would get you 2 minutes.

But you are right, checking etherscan now, it has updated a new recommended gas fee next to price. 320!

[sfireman]

That sounds really strange to me to be honest. I know gas fees are high but yesterday all day I could see it max was 200 for almost instant confirmation. I still sent 150 and it was confirmed in less than 1 minute, for sure 100 would get you 2 minutes.

But you are right, checking etherscan now, it has updated a new recommended gas fee next to price. 320!

Oh my god! Unbelievable, I didn't expect and think that the gas fee of ETH can be so high like this! I'm aware that the fee is high, but it is way more than I can imagine. I know that when the trading volume is high the fee has to increase also. Even though it's kind of shocking but not too surprising. It just increases too fast! In my opinion, it will keep raising if the ETH price increases!

[masterrex]

I'm an Ethereum user since then most of my traded tokens are Ethereum base, but because of this super expensive gas price, I'm started to think about and look for another alternative, Eth is more expensive now compared to Bitcoin while sending transaction just imagine I'm sending a token worth $50 and charge me with 3 dollars transaction fee because of this I started to dislike Ethereum now! Only the miners will become rich and I feel frustrated about it.

[Moeda]

i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.

If talking about switching to other altcoins? I said yes, I've even been doing this since 2017. But unfortunately what we have now is still on the Ethereum platform.

[hrunya102]

They definitely need to do something, use USDT becomes not comfortable, I want to make a small transfer, and the commission is huge.

[funnynews]

  it's got bigger for sure and it's still happening

[bangkecol]

that is right. Currently, the eth gas transactions price is very high. My assume is this quartal will be altcoins session to bullish. Because, I have heared that the defi project is very popular right now. Some defi project has hosted on ethereum chain.

[abdulodoi]

Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.

I have never seen such a high gas fee before though, i got charged $12 for a transaction lastnight again

[casperBGD]

Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.

I have never seen such a high gas fee before though, i got charged $12 for a transaction lastnight again

what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all

[Henrytrust]

The current ethereum gas fee has discouraged a lot of people from effecting transactions in the ethereum blockchain. The issue needs to be rectified as several complaints are registered daily by the ethereum Community. I learnt that the ethereum 2.0 project would be addressing the the issue of hike in gas fee. I do hope that the project is launched soon.

[blue Snow]

We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Just waiting ethereum network be stable. in this case, you must hold your erc20 token for sure.

With Dash that will be : 2-4 seconds, $0.004 cents, high usability

Seems good, I am waiting for dash staking to be low, maybe can we stake only 100 dash on QT wallet?

I want to sell my tokens on UNISWAP exchanges but I think it will large transaction fees

conventional exchange still uses normal fee like before, maybe they can growing up fee next time to avoid lost.

If it continues to take higher trx fee then I will not use ETH to pay thourh ETH.

think your bounty received erc20 token, if you don't use eth then your token doesn't go anymore.

what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all

hope you can prove your statement because I try to sending under fee $2, transaction going failed then I have to bump higher fee to success.