50 Cent
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September 06, 2020, 08:11:04 PM |
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The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"? Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
for now it is imposible, because so many transaction using eth, uniswap, Curve, KyberSwap, Balancer, etc. and eth cannot handle all. we must waiting ethereum 2.0.
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oscarftw
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September 06, 2020, 08:39:40 PM |
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Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal. We don't prefer Bitcoin for the highest withdraw fee, recently Ethereum transaction cost is higher than Ethereum. Exactly, only real gainers only miners. Ethereum 2.0 can't be a solution for this high transaction. Follow only these steps: Ethereum, ERC-20 holders, centralized exchange or another blockchain. Now we can save our money from this high cost.
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pedpedped101
Jr. Member
Offline
Activity: 552
Merit: 1
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September 06, 2020, 10:50:34 PM |
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Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal. We don't prefer Bitcoin for the highest withdraw fee, recently Ethereum transaction cost is higher than Ethereum. Exactly, only real gainers only miners. Ethereum 2.0 can't be a solution for this high transaction. Follow only these steps: Ethereum, ERC-20 holders, centralized exchange or another blockchain. Now we can save our money from this high cost. If Ethereum 2.0 can't be the answer to it, why then is it launched? It means it is not fulfilling it's mandate and we do not need it. This is definitely not the case. Let it launch first, it it does not stop it, hen we would know it has no impact.
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monineklutak
Sr. Member
Offline
Activity: 1890
Merit: 252
The OGz Club
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September 06, 2020, 11:03:05 PM |
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Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal. We don't prefer Bitcoin for the highest withdraw fee, recently Ethereum transaction cost is higher than Ethereum. Exactly, only real gainers only miners. Ethereum 2.0 can't be a solution for this high transaction. Follow only these steps: Ethereum, ERC-20 holders, centralized exchange or another blockchain. Now we can save our money from this high cost. If Ethereum 2.0 can't be the answer to it, why then is it launched? It means it is not fulfilling it's mandate and we do not need it. This is definitely not the case. Let it launch first, it it does not stop it, hen we would know it has no impact. Of course that's a problem, Ethereum 2.0 should provide a solution to Ethereum's high fees, because high fees make the community support Ethereum 2.0 launched, if it doesn't have an impact, obviously this is disappointing
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marks1976
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September 06, 2020, 11:05:11 PM |
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Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal. Miners have nothing to do with this but those who are trading on the uniswap has been making the fees were going so high or we can call that has already reached the non sense position when the amount of tx is less compared with what they must gonna pay to the network to deliver their transaction. this is not a business but those crazy defi traders were making this.
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Perfect35
Member
Offline
Activity: 854
Merit: 10
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September 06, 2020, 11:09:16 PM |
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Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal. Miners have nothing to do with this but those who are trading on the uniswap has been making the fees were going so high or we can call that has already reached the non sense position when the amount of tx is less compared with what they must gonna pay to the network to deliver their transaction. this is not a business but those crazy defi traders were making this. All these abnormalities just have to stop. I can't wait to see Ethereum gas fee come back to normal again. It is just one.of those gimmicks and it will come to an end. Some people are making their money from it already and they are the miners. Nothing goes on continuously for life, an end will definitely be seen, coupled with a new beginning.
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AlexAtom
Member
Offline
Activity: 560
Merit: 10
YOUC - www.youengine.io
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September 07, 2020, 06:40:49 AM |
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I guess it can't be helped, the ethereum gas fee is very high because there are many platforms using ethereum network. They are competing each others to spending more gas so their transactions will be done quickly. As long they are still using high gas fee, we cannot use the low gas fee in ethereum blockchain.
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matchi2011
Sr. Member
Offline
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
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September 07, 2020, 07:02:58 AM |
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The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"? Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
for now it is imposible, because so many transaction using eth, uniswap, Curve, KyberSwap, Balancer, etc. and eth cannot handle all. we must waiting ethereum 2.0. It's happening now, the gas fee is no longer $5 you can now set to minimum and it will be transferred. The Hypes of those mentioned transactions might be calmed now and fees are acceptable if you are looking for quicker process, you are capable now to deal with much lower fees and enjoy if you are in the process of transferring your tokens.
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Michel_Official
Newbie
Offline
Activity: 4
Merit: 0
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September 07, 2020, 07:26:05 AM |
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The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"? Who dictates how much fees are charged?
Maybe it backed to normal price if the fomo of defi is decreased. If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
No, that's not coming from a centralized party. It's high because of more interest on defi space and more users are increasing their gas fee to make fast transections that's why it's increasing.
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Captain Corporate
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September 07, 2020, 11:55:59 AM |
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Well we are getting to that August levels, it is going down from the insane highs, don't get me wrong it is still quite high, who would want to see it this high, but going back a month is a start to going back a year, thats how it works. All of this DeFi and so forth BS will eventually end, people will realize it is a bull shit and not a real thing and people will stop using blockchain to get to that Defi stuff and eventually that will cause blockchain to get easier and the clogging will end. No matter where we end up, we are %75 lower than just a week ago, that is a great movement and I am hoping that it continues, we really need a bit more fall, we need it to go down another %75 on top of this so it would actually be a lot better (or at least normal).
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distr@yopmail.com
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September 07, 2020, 12:02:34 PM |
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It's happening now, the gas fee is no longer $5 you can now set to minimum and it will be transferred.
The Hypes of those mentioned transactions might be calmed now and fees are acceptable if you are looking for quicker process, you are capable now to deal with much lower fees and enjoy if you are in the process of transferring your tokens.
yes, now I see that the cost of GAS has decreased. but I think there will be more adjustments for an even lower cost. had experienced a high increase and it is of course a concern for day traders.
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Kamilaz
Copper Member
Newbie
Offline
Activity: 28
Merit: 0
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September 08, 2020, 11:44:04 AM |
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I guess this is happening since there's a defi hype... same old same old, it'll go back to normal sooner or later
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