ETH high gas fee

[ololajulo]

Until eth versi2 is fully realized we will definitely see high gas continuously. this will stop when the post starts operating. but don't know the exact date, I have seen eth version2 run early last month but it seems like it is taking a while to fully run.

The 3 phases will take at least 3 years before completion. The mistake from Ethereum classic is what they want to prevent. Thorough test will be engaged after each phase and users will be allowed to adjust to the changes on the blockchain, the aim is security and stability of the new blockchain. The result of the upgrade will determine the future of the blockchain and success will be remarkable for the space.

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[DU18]

currently the cost of gwei for making a transaction is very high and for those who want fast transaction confirmation, gwei required is nearly 40 and even that requires standard confirmation of 196, this is what causes some bounty projects to delay payment for bounty participants because usually the bounty project has allocating a number of eth as the cost of gwei for their delivery but due to the high cost of gwei, of course delays are one of the project solutions or from bounty managers, as are the steps taken by the current psyche.cash project.

[Wulan_maniez]

When will this madness end?
Who is willing to pay such amounts for a transaction?

This is an ETH transaction fee that reaches an all-time high of $6.2x. And this happened before in July 2018 at a  cost  of  touching $5.50.
The enormous increase in wallet addresses and DeFi activity has triggered higher gas in the Ethereum network and although the Ethereum
community is happy with the surge in ETH prices, if this continues, then transactions on the ethereum network can be unsustainable.

[cabron]

Until eth versi2 is fully realized we will definitely see high gas continuously. this will stop when the post starts operating. but don't know the exact date, I have seen eth version2 run early last month but it seems like it is taking a while to fully run.

The 3 phases will take at least 3 years before completion. The mistake from Ethereum classic is what they want to prevent. Thorough test will be engaged after each phase and users will be allowed to adjust to the changes on the blockchain, the aim is security and stability of the new blockchain. The result of the upgrade will determine the future of the blockchain and success will be remarkable for the space.

in that case we will be experiencing 3 years of high fee transaction over ether network. the 3 years is enough for projects to migrate to different platforms where we can easily make faster transaction than on eth. For example on Tron or on ADA which is a lot promising. I think ADA will really be ready by 2021.

[JahriMeayer]

the groth of eth, makes it more demandful and the reason behind huge numbers of transaction.thats why miner charge the high gas fee for their service.even in future, we  may have to face more transaction fee until the version 2 is released.but wallet like Blockchain offering you to set the gas fee and minimize transaction fee but problem is only time.it'll took long time for transaction if you put the low gas fee.

[btc-facebook]

the groth of eth, makes it more demandful and the reason behind huge numbers of transaction.thats why miner charge the high gas fee for their service.

Miners cannot set transaction fees, and transaction fees cannot be set by anyone because ethereum transaction fees go up because the ethereum network is overcrowded and many people use it, which causes high transaction fees.

[TofuDefi]

in that case we will be experiencing 3 years of high fee transaction over ether network. the 3 years is enough for projects to migrate to different platforms where we can easily make faster transaction than on eth. For example on Tron or on ADA which is a lot promising. I think ADA will really be ready by 2021.

Maybe, but TRON is ready right now.

[josgandosbro]

such an incident will definitely be very painful, especially the bounty hunter because they have to wait a little longer for distribution and again those who want to sell must be silent because the transaction fee is more expensive than the price of the token, even the launch of 2.0 until now cannot solve this problem. we also don't know when this will end

[ttcsalam]

This is an unusual thing. I only transferred $ 2 and I saw that the $ 2.5 transaction fee has been deducted. How to deduct more fee than that transfer amount.Hunters are the hardest hit.

[Sithara007]

This is an unusual thing. I only transferred $ 2 and I saw that the $ 2.5 transaction fee has been deducted. How to deduct more fee than that transfer amount.Hunters are the hardest hit.

Not surprising. The transaction fee is the same, whether you are transferring $2 or $2,000. I agree that it is bad news for the bounty hunters, as they need to do multiple transactions. As of now, there is not much that you can do about it. If the total value of the bounty reward is less than $10, then you may better keep it in your wallet, until the fee gets to lower levels.

[thesmallgod]

Here is some reason for high fees. Now a days lots of crypto project comes in the market legit scam both. And they are coming on Ethereum based network. Because it is in hype its easy to creat and less charge also no need to verify contract to start a project because it has delay verification option. That is why they are coming and they are trying to send their fund to the users fast soo that they can get users trust. That is why they are aggreed to spend few bucks as a fee. Here is the main point lots of project comes and every second lots of transaction has. Made and when this transaction creat its need some time ethereum based network thats why they make option that who pays high fee his transaction made first. For this reason people pay huge fee and fee becomes high.

Ethereum based projects are very common and ethereum blockchain is truly most explored network by new project due easy way of creating smart contract at cheaper price but that does not indicate that the gas fee is caused by this. Throughout the year, at least a new project will create a smart contract and deploy their token on the ethereum network but many of them do not have investors that interact with the network during token purchase. The reason for increase in gas fee is the congestion of the network which generally occurs when there is bull runs which make more people to continue to explore the platform thereby increase transaction rate. The gas fee become lower when the congestion is reduced 

[shiming]

Explain the inevitability of implementing ETH2.0. There are indeed many projects on Ethereum, and the transactions are very ordinary. Recently, there have been some important airdrops. Many investors are getting the airdrops and trading immediately, wanting to sell them at a high price. I think they are not too concerned about transaction fees. After all, I want to recharge to the exchange and sell it immediately.

[Alohadanc3]

Eth gas fees is going very high. And day by day it's growing more. That's a big problem. One year back ethereum gad fees was higher than many platform based token. But last few months it's skyrocketing. After many definitely based projects and dex come to ethereum Cain the chain become more populated. And now we have to pay high amount for that. In the market there are lots of chain available and some of them are technically better than ethereum and some of them are free. But still people and devs like ethereum so they don't hesitate to use ethereum.

[BDBitcoinExpart]

It's been a long time since the launch of eth 2.0 but so far the gas fee has not come down. So what is the benefit of upgrading eth? So eth is upgraded just for staking. Any kind of coin / token transfer from myethwallet or matamask is deducted like 2 dollars.  We are now waiting for the gas fee to be reduced.

[cryptodash4]

dont talk about gas fees guys becouse its heart breaking if you want to trade a simple trade you have to give min upto $10 worth of eth as a fees .i feel so sad for eth

[FaucetKING]

Now it went down to 114 Gwei (1.41$) fee per transaction. It's still high compared to the fee's last year or even the year before but it's fine compared to the last week's madness. The Ethereum network is just good but if they find a perfect solution to evade from these fees then it will make the other competitors get reckt.
I do care about the gwei fees, i'm focusing on them to see how the situation is going to be resolved.

[oprahwindfury]

This frenzy will never end until there will be another usage through forking ethereum chain to expand the adaptability of ethereum. We have anticipated that this should be done through ethereum 2.0 and definitely that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting ethereum market.

[bttmember]

When will this madness end?
Who is willing to pay such amounts for a transaction?

Try at different times of the day and you will definitely find some time with reasonable gas fee. I have been trading and swapping some tokens recently and i have been able to pay normal fee just maybe i was trading at odd times or off peak time.

[Abiky]

Now it went down to 114 Gwei (1.41$) fee per transaction. It's still high compared to the fee's last year or even the year before but it's fine compared to the last week's madness. The Ethereum network is just good but if they find a perfect solution to evade from these fees then it will make the other competitors get reckt.
I do care about the gwei fees, i'm focusing on them to see how the situation is going to be resolved.

As with any cryptocurrency, ETH's fees fluctuate depending on current network load. Most of the time, fees have remained in their ATHs due to "De-Fi's" popularity in the mainstream world. The hype is such that people are pouring lots of money into ETH like crazy. This translates into higher fees, resulting in decreased adoption of ETH in the mainstream world.

In the bright side, ETH is bound to experience a slight reduction in network fees as the "ETH 2.0" upgrade nears completion. Sharding and second-layer scalability solutions will greatly benefit ETH in the long run, making "De-Fi" practical once more. With alternative smart contract platforms like EOS and TRON, high fees no longer become an issue. One thing for sure is that competition will become fierce in the future, as crypto/Blockchain tech becomes more popular in the mainstream world. Whenever ETH will remain as the "King of De-Fi" or not, it's yet to be seen. I hope ETH leads the way as it scales for the masses within a couple of years from now. Just my thoughts

[bounceback]

Better move bounty coin reward based on tron transaction because have lower fees and sending most faster than using eth platform with higher fees and waiting more than few minutes to receive coin. I think enough when getting many bounty campaign reward delay distributing because they waiting for gas eth down how ever looks impossible right now with 0.002 eth enough to make transaction sending coin based on ethereum platform, look with tron coin just take 0.1 trx is most enough to send coin and process most faster than ethereum coin platform.