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Author Topic: ETH ideal transaction fee using MEW?  (Read 322 times)
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November 20, 2020, 06:27:50 PM
 #1

Code:
Warning! Error encountered during contract execution [Out of gas] 

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

i tried slow, average and fast all transactions didn't went thru so i want to use the advance option, how much should the ideal fee to put for transaction to go?









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November 20, 2020, 06:35:27 PM
 #2

Please check that you have enough gas or ethereum valued at over atleast $2 above the amount you are trying to send, if you have that amount then check your gas and gwei settings in mew and adjust after checking from eth gas station which is live gas cost stats provider and transaction will go through.

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November 20, 2020, 06:49:19 PM
 #3

https://etherscan.io/gastracker

Use this tracker to find the recommended transaction fee for ethereum network and currently 86 gwei is the fastest amount to be set.If you are still facing the issue then there maybe some issues with the extension not with actual transaction.

use the link written by mr. semobo buddy
and try to use average and fast mode, remember you must have an extra ethereum in your wallet to pay the fee  Wink

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Paycoinzzz
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November 20, 2020, 06:58:17 PM
 #4

What is the total amount of your ETH wallet? Maybe you will get confused in the transaction. In this case, if you only have $ 50 or $ 50.5 then you won't be able to send $ 50 to another wallet. The fee will be deducted from your remaining assets, not from the amount you want to send.
In addition, the Defi trend is still there and the transaction volume on the Ethereum platform is still very large, so errors with Gas are frequent.
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November 20, 2020, 07:01:26 PM
 #5

What is the total amount of your ETH wallet? Maybe you will get confused in the transaction. In this case, if you only have $ 50 or $ 50.5 then you won't be able to send $ 50 to another wallet. The fee will be deducted from your remaining assets, not from the amount you want to send.
In addition, the Defi trend is still there and the transaction volume on the Ethereum platform is still very large, so errors with Gas are frequent.

The traders want the full Ethereum to the other wallet, but they are failed to think about the Gas fee and all. The gas fee is applicable to the transaction of Ethereum and the token from your Mew wallet.If you don't have a Ethereum in your wallet, you can transfer the token from your wallet.
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November 20, 2020, 07:09:58 PM
 #6

I usually use the ETH gas-calculator at https://ethgasstation.info/.

Alternatively, you can check the gas limit of another successful transaction and then set the same limit.

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November 20, 2020, 07:11:28 PM
 #7

Code:
Warning! Error encountered during contract execution [Out of gas] 

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

i tried slow, average and fast all transactions didn't went thru so i want to use the advance option, how much should the ideal fee to put for transaction to go?

Sometimes it happens when the network is very saturated.

It is best to wait a few hours or a day.

I also lost a lot in high rates ...
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November 20, 2020, 08:14:01 PM
 #8

I think you don't have enough gas to complete the transaction. Please try again after depositing some more $ ETH.

Also you can check latest gas price from here.
https://ethgasstation.info/ Hopefully this will work.

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November 20, 2020, 08:21:50 PM
 #9

I've been using MEW for a while now since I started trading in uniswap, I'm paying for like $2 or less in a normal transaction $100 to $200, I guess it's quite good for the fee though, but there are times that transaction is ridiculously high af, perhaps your problem has something to do with your gas, tryna max out the funds, there should be a button "max" beside the amount input, by that it'll automatically set to the max amount you can send.
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November 20, 2020, 08:50:53 PM
 #10

https://etherscan.io/gastracker

Use this tracker to find the recommended transaction fee for ethereum network and currently 86 gwei is the fastest amount to be set.If you are still facing the issue then there maybe some issues with the extension not with actual transaction.

I usually use the mentioned URL or https://ethgasstation.info to check current gas fees and then use standard fees to send. Imtoken has a way to set gwei and gas limit depending on user preference and current gas fee. I think it doesn't matter whether sending from MEW, TRUST wallet, imtoken or metamask, most important thing is using required gas fees for the transaction and there won't be delay issues. Actually I only set gwei and gas limit when the transaction is very important or urgent.
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November 20, 2020, 09:11:29 PM
 #11

you need to Increase your gas limit not your gas price (how much/unit of gas.) which mean  how much that total gas a transaction can use in it.
check if the transactions are in your account, do not be afraid, do not lose anything, adjust the limits, and you will be able to send easily, which is the reason for not making medium and cheap options.
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November 20, 2020, 09:30:04 PM
 #12

^ That is very easy, higher your gas and you will be able to transfer your $50 into the other wallet, but if this is not having an extra amount to cover the fee, it will automatically deduct to your final balance. Just check always the network condition of ethereum on this link, https://etherscan.io/chart/transactionfee. If this has heavy traffic, that is expected that you will pay a high amount of more than $1. Nevertheless, all you wanted to know was given above, probably you can now lock this topic.
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November 20, 2020, 10:16:27 PM
 #13

Code:
Warning! Error encountered during contract execution [Out of gas] 

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

i tried slow, average and fast all transactions didn't went thru so i want to use the advance option, how much should the ideal fee to put for transaction to go?
The current fees is around 55 gwei which is very small. You can see the latest tx on etherscan was using only 31 - 33 gwei but if you wanna make your tx to be delivered asap and you can put more gwei. Remember you should increase your gas limit. When you are not putting enough gas limit and it can't be executer caused by out of gas.

It looks like the problem is you are putting the gwei more than the gas limit. Increase your gas limit.

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November 20, 2020, 10:26:16 PM
 #14

The error message already explains it, [Out of gas] so you must increase your gas fee. Before making a transaction you must check the gas https://etherscan.io/gastracker, to prevent failure better use Average as gas fee and don't try to using gas below from the recommendation because so potential to fail.

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November 20, 2020, 10:28:48 PM
 #15

Code:
Warning! Error encountered during contract execution [Out of gas] 

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

i tried slow, average and fast all transactions didn't went thru so i want to use the advance option, how much should the ideal fee to put for transaction to go?
Sorry, but it wasn't clear to me.

But this might be the situation that happens to you.
For instance that you just have a $51 total amount in your wallet and you are sending $50 worth of ETH to the other wallet, definitely you get short as you are paying more than $1 for the gas fee.

What I could suggest is to lower the amount that you have to send, $48 with the same gas fees might possibly be okay. If the error still pops up, you may have to use another browser.  I hope this could help.

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November 20, 2020, 11:22:38 PM
 #16

It is requiring you more ETH. The solution for that problem is to add more Ethereum that will serve your fee. Not a surprising problem when ETH transactions are requiring a higher fee.
There's no other remedy for it but to deposit and add ETH.

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fadhilz123
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November 20, 2020, 11:23:37 PM
 #17

The error message happens because you are trying to send the ETH or tokens to the contract address. AFAIK, contract addresses require a higher fee compared to normal ETH transactions but you can check the fees on gas explorer websites.
Really?? how do you know that he sent it to the contract address?? He even doesn't post any address. See the error message "Warning! Error encountered during contract execution [Out of gas]", the message is clear is all about GAS

I remember once encountered a situation like this, maybe this can help. Go to Advanced Data and Gas Limit
Increase the gas limit 80K-100K I think, or You can experiment by yourself

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harizen
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November 20, 2020, 11:47:59 PM
 #18

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

The problem was already mentioned, out of gas.

Since you are looking at dollar figures, there might be something wrong with your calculation. How much ETH balance do you have so we can sort things out?

As always, you need to have an extra amount and not an exact one to make sure the process will go through.

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Rengga Jati
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November 20, 2020, 11:53:11 PM
 #19

First, ensure that the fee is excluded from that 50$.
Second, you can always check the gas fee because sometimes it will be changing over time because of the traffic or network at that time.
Check this: https://kb.myetherwallet.com/en/transactions/what-is-nonce/

Then, pay attention also the amount of the least eth in your wallet. You cannot withdraw the funds if the amount of least eth in your wallet is not enough. If your gas fee is about $1.10, it doesn't mean that you only need $1.10. You must have the least amount to be in your wallet.
https://kb.myetherwallet.com/en/transactions/insufficient-funds/

R


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November 20, 2020, 11:55:40 PM
 #20

Is this also happens to you in previous transactions?

There is only one reason that makes you see this error.
Out of Gas = lack of ETH inside your wallet. Double-check your wallet and must be more than the amount you want to send plus the gas fee.

Solution:
Deposit more ETH and send it back again. If the error still occurs, tried to pause for a while or restart your browser.

R


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