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Author Topic: When will the Ethereum Gas Fee go down?  (Read 811 times)
jesselui
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February 14, 2021, 05:55:32 AM
 #101

Yes the falls are starting slowly. It was an exaggeration that had come to very high amounts. Right now in the ideal position for me. Yes, it is still high, but still at an actionable level.

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February 14, 2021, 06:02:40 AM
 #102

Honestly I have chewed on this too and wondered who are those still buying ETH and making its value climb despite the extortion going on there in the name of gas fee. It's crazy and that's making little transactions impractical to be carried out. I think projects should begin to divert to Waves or the Binance chain. Miners at ETH are beginning to act larger than life with their monetary preoccupation. The earlier the better to save small projects because no one knows when this extortion will stop. I have a few thousands of a token I want to swap on Metamask but the gas fee  is higher than the entire quantity I want to swap. It's such a pity.

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February 14, 2021, 07:48:16 AM
 #103

These gas fees making Uniswap purchases really expensive, so I really hope the fee will go down drastically very soon. Same with Metamask, tried to send 0.25 ETH and I almost had a heart attack when I saw the fee.
The ETH gas fees right now makes me think twice about trying to use any DEX, the fees are something else and instead of the fees to start dropping it keeps going up, just wondering if it's going to remain this way till the bull run ends which I can't say when because bitcoin is still pumping massively same thing as Ethereum and it keep making new ATH highs almost every week, maybe we might just have get used to paying this high gas fees, it's a shame paying $50+ for just one transaction even the traditional bank can't charge that high.

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February 14, 2021, 08:05:46 AM
 #104

I do not believe that the gas for the transactions of ethereum and its tokens will drop any time soon, the miners want to earn as much as possible, the only hope is that the loopring protocol will be adopted en masse then maybe we can start saving a little
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February 14, 2021, 08:11:13 AM
 #105

HOPEFULLY SOON! VITALIK SHOULD DO SOMETHING ABOUT THE GAS FEES, ITS TOO MUCH TO BE HONEST! I STILL NEED TO TRADE IT TO XRP OR LTC JUST TO WITHDRAW IT WITH LESS FEES
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February 14, 2021, 10:01:48 AM
 #106

HOPEFULLY SOON! VITALIK SHOULD DO SOMETHING ABOUT THE GAS FEES, ITS TOO MUCH TO BE HONEST! I STILL NEED TO TRADE IT TO XRP OR LTC JUST TO WITHDRAW IT WITH LESS FEES

You are lucky you can do that, I have altcoins in my Ethereum wallet, and even if I want to trade it I need to deposit Ethereum to that address and send the altcoins to trade on the exchange, I need to spend Ethereum fees on two occasions and that means incurring over $15 to $25 in fees alone, what if it's just a small amount of altcoins.
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February 14, 2021, 12:07:28 PM
 #107

When will the Ethereum gas fee go down?
No one know and no one can predict. Because cost gas fee is affected by price of ethereum, which has risen greatly.
It doesn't matter to me that transaction costs go up high, because it's a natural thing when ethereum price go up so automatically fees will also go up.
But many say this is all because ethereum released version 2.0, it really isn't. Look back at the end 2017 when ethereum went up in price and fees went up too

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February 14, 2021, 01:27:07 PM
 #108

HOPEFULLY SOON! VITALIK SHOULD DO SOMETHING ABOUT THE GAS FEES, ITS TOO MUCH TO BE HONEST! I STILL NEED TO TRADE IT TO XRP OR LTC JUST TO WITHDRAW IT WITH LESS FEES
If you want to withdraw something at a lower cost, then you can use Tron or the TRC20 platform which can support the same token as USDT, because through Tron the costs are very cheap and easy for you to use too.
because the withdrawal fees on the ethereum network are still not stable. We can indeed use it as a solution to make withdrawals. or it could be to Dogecoin which I think the withdrawal fees are still very friendly compared to other networks.
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February 14, 2021, 01:45:34 PM
 #109

The gas fee is high and for that no one knows when will eth gas fees go down. Almost ethereum users these days are complaining about the fees. The amount that you are buying or selling is less than the cost of fees. Let's hope there's a resolution to lessen the fees in the coming future.
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February 14, 2021, 01:48:22 PM
 #110

The gas fee is high and for that no one knows when will eth gas fees go down. Almost ethereum users these days are complaining about the fees. The amount that you are buying or selling is less than the cost of fees. Let's hope there's a resolution to lessen the fees in the coming future.
many complain about the cost. especially those who saw the tokens or coins they earned for a small amount from a bounty campaign. most of the current bounty tokens are also experiencing a pump but not much can be done due to transaction fees which do not allow smallholders to sell them despite the high token price increase.









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February 14, 2021, 01:55:48 PM
 #111

The gas fee is high and for that no one knows when will eth gas fees go down. Almost ethereum users these days are complaining about the fees. The amount that you are buying or selling is less than the cost of fees. Let's hope there's a resolution to lessen the fees in the coming future.
many complain about the cost. especially those who saw the tokens or coins they earned for a small amount from a bounty campaign. most of the current bounty tokens are also experiencing a pump but not much can be done due to transaction fees which do not allow smallholders to sell them despite the high token price increase.

Maybe once the eth team fully launched the phase 1 of eth 2.0, that's when we will see the effect of the second version. A lot of crypto users are complaining about high gas fees and I don't think the eth team is sleeping on this problem. I hope they can resolve this problem very soon as people are getting tired of this prob especially those small traders that can't shoulder the high gas fees.
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February 14, 2021, 02:24:07 PM
 #112

I myself am now also waiting for gas costs to come down. already calculating the cost that I spend to sell tokens in the wallet spent at least 30-40 $ to swap on Dex trading. of course this is a price that is quite expensive for one delivery. I hope transactions on the ethereum network can return to normal. although currently the presence of the ethereum price hike factor also makes the fee estimate higher in USD
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February 14, 2021, 03:15:46 PM
 #113

Yes the falls are starting slowly. It was an exaggeration that had come to very high amounts. Right now in the ideal position for me. Yes, it is still high, but still at an actionable level.
Maybe it can only be done for you yourself, not for anyone else, because not everyone has the same ability at this point because considering Gas charges are still unstable on the Ethereum network.
if he wants to deal in large amounts I think he can handle that. but for those who want to sell tokens with a value that is not that large or relatively small that they get from the campaign, of course, it will be difficult. even the value obtained is sometimes less than the cost of selling it.




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February 14, 2021, 04:29:56 PM
 #114

I'm feeling dumb because of the gas price. The gas fees are affecting the average investor right now, but the main concern is that when it goes down? It's unstoppable, right now regular gas fees are between $12~$15 Dollar that leave us no choice but let alone our tokens in the wallet. We only expect some stability in the market.
I have try now looks lower gas fees transaction with lower speed need about 7$ until 10$ but you need waiting longer time, other side you have lower cost when using low transaction speed because you only pay gas fees about $7, but you can use FTX exchange to buy ethereum because there without fees for sending, I have use it looks most cheap than have buy from other exchange.

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February 14, 2021, 04:44:25 PM
 #115

At this moment it's kind of impossible. The market is in high position and now most of Dex are in high use. So the transaction are limitless now so the transaction fees are too much. Plus ethereum price is also very high. You have to wait till ethereum 2.0 to see some improvement in gas fees and transaction speed. Let's see when it comes.

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February 14, 2021, 04:54:40 PM
 #116

You waiting ethereum have lower gas transaction fees like and the same with bounty campaign manager will distribution coin when gas under 10 gwei, how is possible when ethereum still have higher price but I can't debate because he is very stupid bounty campaign manager, if ethereum still above $1,800 very impossible we get lower fees gas service, forget with last two year where sending fees cheap because now high.

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February 14, 2021, 05:15:21 PM
 #117

completely concur with that rising gas charges have made numerous DeFi conventions practically unusable later on which could contrarily affect the market cost of Ethereum. Presumably after the dispatch of EIP-1559 we will see a reduction in gas costs, yet the specific dispatch date isn't yet known.

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February 14, 2021, 05:42:31 PM
 #118

I heared developers are working to decrease gas fees faster as possible since some time ago already, but so far nothing has happened. Eth 2.0 is a big promise, but when is it really going to be implemented?
Huge fees are killing the network and also the crypto gaming industry which runs in eth protocol. It's impossible to trade goods in games because the fees are much higher than the good's price itself, making the whole process totally useless. Sadly many people that could be trading and moving money on the network are just idle waiting for the gas decreasement.

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February 14, 2021, 05:50:50 PM
 #119

You waiting ethereum have lower gas transaction fees like and the same with bounty campaign manager will distribution coin when gas under 10 gwei, how is possible when ethereum still have higher price but I can't debate because he is very stupid bounty campaign manager, if ethereum still above $1,800 very impossible we get lower fees gas service, forget with last two year where sending fees cheap because now high.

the fact the gas fees come from the people's who want to make their transactions confirmed in fast mode by the network mate
but, i hope the eth dev, will fix it as soon as possible, or their users will move to other chain

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February 14, 2021, 06:35:24 PM
 #120



This is up to the developers, there is no chance for EIP 1559 to be implemented when miners like it. ETH20 is said to make fees lower but its not pushing thru yet. Paying $25 per transaction while sending only $200 is too much to bear. The only who are enjoying the bull run are the ones who can afford to use the swapping DEFI projects, I'd have to start using dapps on EOS for free transactions, this at least will free me from ETH.


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