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Author Topic: Ethereum fees are crazy...  (Read 1151 times)
ahmia39
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September 20, 2020, 02:29:04 PM
 #81

So the problems for the high fees are "technical" not the "low stock" i am correct?...

In anyway we should expect low fees to the mid of the next year right?...
It could be that the high cost thing is a "technical" problem because the Ethereum side itself is building something really good at the moment, and for the expectations about gas costs, everyone is clearly hoping for a low cost like it has been in the past.

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September 20, 2020, 02:39:57 PM
 #82

So the problems for the high fees are "technical" not the "low stock" i am correct?...

In anyway we should expect low fees to the mid of the next year right?...
It could be that the high cost thing is a "technical" problem because the Ethereum side itself is building something really good at the moment, and for the expectations about gas costs, everyone is clearly hoping for a low cost like it has been in the past.
I thought so too. there were technical problems plus the density of ethereum network transactions that made this happen. everyone wants a faster transaction and ultimately costs more. Currently, GAS still looks unstable and moves by a considerable margin. $ 1-2 for each transaction. not to mention if you make transactions on several exchanges that require higher fees.

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September 20, 2020, 03:06:11 PM
 #83

I have some tokens that I wanted to sell. But because of this eth fee, I can't do it. Now the ether fee is even more than that of bitcoin fee. If this continues, it will be difficult to use the network.

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September 20, 2020, 03:09:17 PM
 #84

I have some tokens that I wanted to sell. But because of this eth fee, I can't do it. Now the ether fee is even more than that of bitcoin fee. If this continues, it will be difficult to use the network.
If your tokens have a great value, I think about $ 15 in transaction fees as of today is not a huge amount. Otherwise I think you should use uniswap to be more economical.

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September 20, 2020, 03:30:41 PM
 #85

Small traders are surely suffering ETH straight up robbing our profits, even if you choose a time that the network is not loaded it's still inconsiderable we don't even know when these high fees will end but Ethereum needs to fix their fees or release Ethereum 2.0 faster.

I trade small amounts, but I try to do it either on centralized exchanges that do not charge gas fees. Either on Uniswap at a time when the price of gas goes down considerably.
For me, the big problem is the transfer of funds between exchanges.

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September 21, 2020, 04:32:50 PM
 #86

I also want to know when will this fee come to a tolerable level? As the days go by the tyranny of this fee has increased. Grin Due to this, all small transactions have been closed. So as soon as these fees come to a tolerable level that would be beneficial for all of us.
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September 21, 2020, 04:43:52 PM
 #87

I also want to know when will this fee come to a tolerable level? As the days go by the tyranny of this fee has increased. Grin Due to this, all small transactions have been closed. So as soon as these fees come to a tolerable level that would be beneficial for all of us.
I think no one could tell you that, because of the current DeFi hype we all have cost higher gas fees for the transactions. But after the launch of ETH 2.0, it is gonna cost us lesser.

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September 21, 2020, 05:01:45 PM
 #88

all crypto users expect what you think, GAS costs go down because if in look at the current price of GAS, it doesn't make a  sense
I kept some USDT ERC 20 in ethereum wallet and it's still on hold until now because the cost of GAS is very high if I send it now, there will be a loss

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September 21, 2020, 05:22:31 PM
 #89

In fact, the whole story shows how far cryptocurrency is from everyday use, if the most common ecosystem ERC20 has such serious problems! And I'm not sure that the transition to ETH 2.0 can happen quickly...

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September 21, 2020, 05:25:38 PM
 #90

That´s why the Ethereum community push developers to release Ethereum 2.0 as soon as possible, but on the other hand, if they develop a partially working solution, the disaster could happen and a lot of Ethereum could lose a lot. I prefer slower development with a lot of tests, after everything will be tested then they can launch the new update on mainnet.  Smiley

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September 21, 2020, 08:15:06 PM
 #91

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

ETH is old tech unfortunately.
Nowadays there are many feeless coins are the market, but none that has the structure of eth, except x42 Protocol.
I highly advise you check them out.
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September 21, 2020, 08:20:05 PM
 #92

I think it will be lower soon and if not we have optins soon like PolkDot but I think ETH will figure this out. Just my 2 Euros.

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September 21, 2020, 10:26:57 PM
 #93

ETH is flooded with transaction if uniswap and all the kind of Defi services still exist i doubt the fee will go down. This points out that ethereum actually have scalability issue that need to be resolved and not really ready for mass adoption. So, in the meantime while the dev (probably) trying to figure out how to solve the crazy fee it's better to switch into using another alts because the other alts fee just so much lower than eth.

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September 21, 2020, 10:50:40 PM
 #94

With many DeFi projects using the Ethereum network, it is only natural that Ethereum transaction fees are getting higher.
The hype that occurred on DeFi projects this year, indeed made the Ethereum blockchain network crowded. Hopefully
Ethereum 2.0 can be released soon and can make Ethereum transaction fees even cheaper.

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September 22, 2020, 02:59:00 AM
 #95

DeFi is currently very much in control of ETH fees, making miners very busy with lots of transactions on blockchains
I really feel back to the moment in 2017 when cryptokitty was launched if I am not mistaken and that is so that I spent a transaction fee of up to 20USD for 1 transaction, fortunately it is not that long different from now the possibility of transaction fees will be stable at current prices in my opinion

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September 22, 2020, 03:48:44 AM
 #96

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...
I also experience that one and I think if this will continue to happen many crypto enthusiasts whose using ethereuem blockchain will change into a blockchain that is more affordable for them and it will be a very big problem and lost for the developer of ethereum if they will not make a development or if they will not fix this kind of problem that we are facing.

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September 22, 2020, 04:02:35 AM
 #97

Since the past, ethereum transaction fees will be expensive when the ethereum network traffic is heavy, you will have to wait a while until the gas fees drop, it usually takes a few days depending on how busy the Ethereum network traffic is at the time.
My advice is that you should store Ethereum in your wallet at least 0.2 ETH per wallet, this is just in case Ethereum gas costs suddenly rise.
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September 22, 2020, 04:08:34 AM
 #98

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...
I also experience that one and I think if this will continue to happen many crypto enthusiasts whose using ethereuem blockchain will change into a blockchain that is more affordable for them and it will be a very big problem and lost for the developer of ethereum if they will not make a development or if they will not fix this kind of problem that we are facing.
Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...
I also experience that one and I think if this will continue to happen many crypto enthusiasts whose using ethereuem blockchain will change into a blockchain that is more affordable for them and it will be a very big problem and lost for the developer of ethereum if they will not make a development or if they will not fix this kind of problem that we are facing.
Nope it won't continue to happen because have you already checked the gas fee now?it is lowered compared from weeks ago.
There is a massive use from Ethreum blockchain that is why the fees grows Crazy but haven't you  realized that also Defi Coins are crazy at the same time?
so it is not only ETH but the market is doing also some not usual movements.
Since the past, ethereum transaction fees will be expensive when the ethereum network traffic is heavy, you will have to wait a while until the gas fees drop, it usually takes a few days depending on how busy the Ethereum network traffic is at the time.
My advice is that you should store Ethereum in your wallet at least 0.2 ETH per wallet, this is just in case Ethereum gas costs suddenly rise.
But this is the first time that it happens,this very High fees in which almost everyone reacted things that is not happen from the past.
But lets see if this will happen more in the sooner days as the Bull run near to come.

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September 22, 2020, 04:26:59 AM
 #99

Since the past, ethereum transaction fees will be expensive when the ethereum network traffic is heavy, you will have to wait a while until the gas fees drop, it usually takes a few days depending on how busy the Ethereum network traffic is at the time.
My advice is that you should store Ethereum in your wallet at least 0.2 ETH per wallet, this is just in case Ethereum gas costs suddenly rise.

Gas is lower now at 97 Gwei you can go on if you are in a hurry to trade the fee could still go up or go lower we are not going to experience transacting with 1 to 3 cents anymore, because the decentralized finance and decentralized exchanges have exploded already, the developers of Ethereum will have to work on how to get the fees lower because this is what attracts Ethereum in the first place.
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September 22, 2020, 05:04:51 AM
 #100

Now the choice is between transaction speed and price. In any case, both options are now very unattractive, moving tokens for trading to wallets is very expensive, you will have to wait with shorts for now.

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