ETH made me very Angry today

[chaoscoinz]

I have been investing in an Non Fungible Token game called "Gods Unchained", and it costs considerably high gas fees to buy cards on the market. In a lot of cases, the gas fees themselves cost more than the cards you want to purchase  , this completely defeats the purpose in my opinion. I think those high gas fees might have something to do with the adoption as well. Bitcoin has been mooning as of late , but Ethereum doesn't follow suit. I wonder what's really been holding it back?

[matchi2011]

NOT ONLY YOU, we are same too bruh about Ethereum , gas fee killed our funds. i cant believe, $80 only for a transaction, i dont know about Ethereum 2.0 now. its working or making the GAS Pomped.

Oh Dammed! such a huge fee for doing a transaction, it's hurting our butt since most of us are just transferring small amount of money
with tokens that using ERC chain.

The amount of tokens against the fee to pay in order to execute the transfer is not considerable, no one in good mindset that will continue
transferring if they knew they'll be getting less.

[abderrazak belkhir]

Eth network become really a very bad place for small traders...also the fees to withdrwal token from an exchange to another one is a big problem...small traders somtimes are forced to sell their tokens to walls just to avoid the withdrwal fees.

For example a token called amepay had a price of 0.026 in mxc exchange but some traders keep selling in bithumb at 0.016 because the withdrwal fee was about 3000 ame and this is crazy

[MUG1WARA]

even though you know vitalik is there but the security officers will never arrest him because this is all not vitalik fault and don't take your anger out on other people who don't know what. this is just a lesson for you to see https://etherscan.io/gastracker before transacting so that such an event is not repeated, who experience things like this is not only you but all small traders also feel it

[ivankoh]

so the wait began ...

1 hour -- i was still waiting for a confirmation

3 hours -- i was still waiting for a confirmation

4 hours -- i was still waiting

5th hour came and some where in the middle of it, i got a notification from trust wallet that my transaction has been confirmed... i was happy, i quickly rushed to etherscan to view the transaction. lo and behold,, the transaction was confirmed but the token purchase didn't pull through, it returned an error saying like purchase wasn't successful due to low gas shit shit shit...WHAT THE F...KING HELL .. my $42 usd gone just like that ?? i was so fucking mad, in fact, if i knew where vitalik was, i would have called security men to have him arrested, i was devastated, i felt like crying, i was so mad at my wife and kid like its their fault,...it wasn't funny, out of $128 usd, i had just $86 usd left, i couldn't buy my precious ticket to the moon no more, its really a bad day for me today, i lost $150 usd just like that, that was all i had left in my local bank account, and now its gone all because of Ethereum high fees.

It is the characteristic that the distinctiveness depends on on the Ethereum platform. In an almost strong trend in terms of volume, transaction demand, and gas fees on the Ethereum platform can suffocate small opportunities for you. But in my opinion is insignificant. So keep it in mind as a lesson and learn from it. Lol, share your sadness. As for gas fees on ETH, you should not be subjective but forget the calculation.

[CutePanda]

just for information brother, never blame anyone for our mistakes, it's not good for you, if i take a look at your case,
there's still possibility that you made a mistake by yourself,

the thing is, it's all about your patience and your luck, don't blame anyone for what happen to you.
the only problem with ETH is only the  high gas fees and also sometimes transactions take unusually long as before the confirmation

[777Jolami]

ETH's transaction gas fees have always been an obsession and caused certain troubles for some low volume traders.  This has been spent a lot of time by many experts, but at least it still depends and as long as it is necessary to calculate a specific cost before making a decision, it will be optimal.
Try it https://ethgasstation.info/calculatorTxV.php

[SUPERSAIAN]

ethereum makes me angry everyday,I swap in an exchange, the money was inside.I do not want to remove because the fee is too much.for fee wants about 130 150 dollars.The bsc network is now much more advantageous, it has both fast and very low fee fees.

[LittleBitFunny]

Thank you for letting everyone know, this is really pathetic,
using uniswap for a low amount of transaction has become a loss project nowadays, if you believe that your bought token has a chance to grow up a minimum of 5 or more times higher than your initial deposit then you can proceed otherwise it is better to skip buying low amount of token via uniswap when the gas fees are higher than 200 gwei.

[bryant.coleman]

ETH is at ATH and with that the high gas prices come. I'm sorry for you but it is like that now. The ETH 2.0 should solve that problem. If you really want to transfer funds try use other coins not eth based so you have lower fees.

For how long you are going to say this? So let's assume that ETH 2.0 will be fully implemented by 2023. That means that we should stop transacting using ETH until then? With Bitcoin also we are facing similar issues. The root cause is known to everyone. But no one want to talk about it. Miners control the decision making with most of the cryptocurrencies and that leaves out 99.9% of the users. Just check the average ETH fee here:

https://ycharts.com/indicators/ethereum_average_transaction_fee

The fee has remained above $10 for quite some time now. And the worst part is that the trends indicate that it will grow further in the next few months.

[silverston]

Just wanna share this with you guys...maybe...just maybe it will help calm my nerves down

I found what i consider a gem today, so i was in a hurry to buy some before more people discover it and the price begins to go up, being an erc-20 token and only listed on uniswap and 1inch, i needed eth and i had zero eth on my wallet, fortunately, i had about $163 usd in my local bank account so i immediately took out $150 usd to buy some eth, after successfully buying eth from a centralized exchange, i quickly withdrew it to my trust wallet, the exchange took about $22 usd for Ethereum transfer fees so i was left with about $128 usd when the eth hit my trust wallet.

i quickly headed to uniswap to purchase my precious new found ticket to the moon, with my $128 usd in eth, i could have easily purchase about 2000 of the tokens but due to eth high fees, i brought it down to 1000 tokens so as to enable have some eth left for fees but surprisingly, when i clicked on swap, i was told that i don't have enough eth to cover the transaction fees, how much was the fees??? behold ! $87 usd, i was shocked, i didn't want to buy less than 1000 tokens so i decided to adjust the fees, after adjusting, i was able to bring the fee down to $42 usd, i was warned that my transaction might take a very long time before confirmation o might even be cancelled, i took my shot and clicked the submit button.

so the wait began ...

1 hour -- i was still waiting for a confirmation

3 hours -- i was still waiting for a confirmation

4 hours -- i was still waiting

5th hour came and some where in the middle of it, i got a notification from trust wallet that my transaction has been confirmed... i was happy, i quickly rushed to etherscan to view the transaction. lo and behold,, the transaction was confirmed but the token purchase didn't pull through, it returned an error saying like purchase wasn't successful due to low gas shit shit shit...WHAT THE F...KING HELL .. my $42 usd gone just like that ?? i was so fucking mad, in fact, if i knew where vitalik was, i would have called security men to have him arrested, i was devastated, i felt like crying, i was so mad at my wife and kid like its their fault,...it wasn't funny, out of $128 usd, i had just $86 usd left, i couldn't buy my precious ticket to the moon no more, its really a bad day for me today, i lost $150 usd just like that, that was all i had left in my local bank account, and now its gone all because of Ethereum high fees.

Transfer fees on blockchain networks have become inadequately high. But there is an important nuance - if you transfer 1 million dollars and 10 dollars, you will pay the same commission. This means that the Ethereum network is beneficial for large transfers, but becomes disadvantageous for people with small deposits!

[EmmaGod]

I understand your frustration, thinking about the gas fee on ethereum blockchain is depressing. To be on the safe side one needs to pay the standard gas fee to avoid issues of failed transactions which would lead to loss of the little ethereum you're trying to manage and a failed transaction. I've personally decided to avoid the ethereum blockchain if possible and utilise other blockchains like tron for transactions on USDT. Binance chain is also getting popular with an awesome use case which has been luring more projects into the blockchain.

[ahoenk]

This what makes people think twice when they want to buy or trade asset on ethereum blockchain, and this also the reason why many developers move their project to BNB and BNB price going high, it could possibly near to ethereum price. I hope ethereum 2.0 can eesolved this problem.

[ice098]

This what makes people think twice when they want to buy or trade asset on ethereum blockchain, and this also the reason why many developers move their project to BNB and BNB price going high, it could possibly near to ethereum price. I hope ethereum 2.0 can eesolved this problem.

Yes because it is more convinient to use binance smart chain, fees are low with very fast transaction speed compared to its competitor which is ETH so if I will make a project in the future I rather choose BSC although yes it is normal because unline eth it only has few projects maybe hundreds going to thousand so it is not congested for now, I don't want to use eth now maybe after v2 I will try it.

[lumierre]

ETH's transaction gas fees have always been an obsession and caused certain troubles for some low volume traders.  This has been spent a lot of time by many experts, but at least it still depends and as long as it is necessary to calculate a specific cost before making a decision, it will be optimal.
Try it https://ethgasstation.info/calculatorTxV.php

The salvation from the wild Ethereum fees is Binance Smart Chain! High speed platform with good traffic support from Binance. BSC has become the new choice for overpaying DeFi players.

Compared to Ethereum, transaction fees are ridiculous. I myself use BSC as an alternative to Ethereum, if you do not want to give all the money for gas, then I advise you to try it. Now many have appreciated the benefits. Today Binance Smart Chain has reached 70% of Ethereum traffic and this is just the beginning of its journey.

[Jocuserious]

Moreover i don't expect such feedback from you because you should have followed etherscan because the price of gas is almost reduced so you can do token transaction very quickly at a cost of 10$ -15$. If you gonna transaction with low price of gas then there will be problem of pending so you should add more gas so that the transaction is completed very easily and quickly.