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Author Topic: Insane Gas Fees  (Read 1091 times)
torrantz
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February 21, 2021, 05:38:52 AM
 #21

I doubt it could go that high, maybe $30 but a thousand dollar? that could become a news headline or maybe there's something wrong with this DEGO token that causes it to use so much gas.
Otherwise just try to use other wallet because I'm sure that's error from your metamask.

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February 21, 2021, 11:42:11 AM
 #22

Yeah something is surely wrong with that wallet. Lolz.
Looking at such fees people might just switch to another atlcoins which are way cheaper and has lowest fees. ETH needs a development team who will work on their transaction fees somehow. It is still unclear to me why take such huge fees even when the ETH network is upgraded since ETH 2.0 development. Why they don’t work on network congestion side ? If they do then network won’t get congested and they will not need to hike the prices. BTC is also going down like hell on the side of fees. If the king and queen act like this then soon they will loose the big portion of investors.  Roll Eyes
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February 21, 2021, 11:50:09 AM
 #23

Don't make a claim, because you will only waste your ETH. Look at the discussion in the bounty group, many people fail in claims.
Hey, I think its not right. Some of my friends claim DEGO token without facing any problem. However, the claim of one or two is failing. Most of the people who are using Trust wallet are failing to make the claim. The chances of failing to claim using Metamask are very low. DEGO tokens now cost more than $4. Then why not claim? Although the transaction fee is much higher when claiming, $20-30 is required. Tomorrow is the last day to claim DEGO. Those who have not yet claimed who should claim.

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February 21, 2021, 11:58:58 AM
 #24

With the price of Ethereum reaching $ 1900, it's no wonder gas fees have become so expensive. therefore if there is no urgent need I will not move
my tokens from wallet. Because there is nothing we can do but wait patiently for gas fees to drop. The problem related to gas fees has been
a very long discussion and there is no best solution regarding this matter. So from some of my tokens in metamask, I could not send them to
exchanges because of the high gas fees.

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February 21, 2021, 12:22:01 PM
 #25

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


That's one heck of a gas fee right there, this is probably a mistake try loading it again, there's no way a transaction can cost that much, the highest gas amount have seen recently is just about $100 not this insane amount $3900, not sure if it's possible for a gas fee to ever go that high, during the day I normally see gas fees at $30+ while at nights it somewhere around $20 to $16,i can't remember when last I saw eth gas fee below $10 after eth crossed $1000.

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February 21, 2021, 12:32:23 PM
 #26

You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.

I agree with you here I have not encountered fees that go higher than $100, that's very insane, if this will continue all altcoins that we want to trade are stuck in our wallet as long as these fees are insanely high, I wonder how did it end with that huge transaction fees, it just doesn't make sense.
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February 21, 2021, 01:01:23 PM
 #27

You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.

I agree with you here I have not encountered fees that go higher than $100, that's very insane, if this will continue all altcoins that we want to trade are stuck in our wallet as long as these fees are insanely high, I wonder how did it end with that huge transaction fees, it just doesn't make sense.
Something went wrong for sure but I also didn’t encounter such fees with a small amount of transaction. We know many are calling for the fees goes insanely high over the past weeks and I don’t know if this propaganda is just to lure many project to shift from ETH to BSC, let’s see the effect of this one in the market. Anyway, a lot of hunters are raising their concern about the higher fees on claiming their rewards with Dego and I think we can’t do anything about this, the traffic is too much and that’s why the fees are getting higher.
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February 21, 2021, 01:12:45 PM
 #28

How come? have not written the nominal etherum yet, but already 1.6 etherum appears? That's bad, there must be errors because what I know for the gas price etherum is in the range of 0.001 for each transaction.
it was clear something went wrong. it couldn't possibly cost that much gas. I myself always look at transaction fees at ETH Gas Station. at least to be able to carry out transactions normally we have to set Gwei at 200. but the calculations that happen are constantly changing.

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February 21, 2021, 01:27:53 PM
 #29

well in this case, I am also almost the same as the current OP problem but not that expensive. in the case of the OP it costs more than 1 ETH and it seems to me crazy. whereas i had some dego and made a withdrawal via the Dego platform for around $33, after the process was complete I tried to transfer to another address it cost fee around $27. I think this is ridiculous, and in the end I have to do that, otherwise I will lose heavily because I ran out of initial transaction fees. and until now I still don't understand that this coin is really costing me a lot. This is the first time I have seen coin withdrawals require such an absurd fee.

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February 21, 2021, 01:34:50 PM
 #30

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



You are right, high fees on the Ethereum network are insane, which prevents ordinary crypto users and novice and small traders from using the Ethereum network. Personally, I have a part of the tokens in the erc20 format and I cannot transfer them to the exchange, so I have to pay a commission of $ 10 or more. Perhaps for some, this is an insignificant amount, but for part of the crypto community, this is the money that they would like to have as profit, and not give it away for paying commissions. I believe that at the moment Ethereum does not have a solution to the problems associated with the high cost of commissions, and if there is one, then they do not use it on purpose.
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February 21, 2021, 01:35:30 PM
 #31

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad

WTF is this? $4620 as transaction fee to transfer a few tokens? Seriously? I have been in to cryptocurrencies for more than 4 years now and never in my life I have seen such insane gas fee with Ethereum. The developers need to take care of this issue right now without much delay. This is just insane. Is there anything special with the DEGO token that takes so much gas? Or is it an error with Metamask?
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February 21, 2021, 01:38:39 PM
 #32

How come? have not written the nominal etherum yet, but already 1.6 etherum appears? That's bad, there must be errors because what I know for the gas price etherum is in the range of 0.001 for each transaction.
It seems like a bug and it's not only him who already encountered such problem but someone ever created the thread that was discussing about how inaccurate the fees that already calculated by metamask.
that's why there are lots of negative reviews on metamask adds on consider there are still lots of bug on this wallet.

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February 21, 2021, 01:55:25 PM
 #33

This forum is full of complaints about very high transaction fee, but I have not encountered a fee this high, this is really insane this is a big turn off for traders and developers, I have a problem transferring my altcoins with $10 to $15 fees but this fee is really insane and unacceptable if this continues people will be making a big shift and it will become a good opportunity for other chains.

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February 21, 2021, 03:09:55 PM
 #34

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



I think that was a glitch on part of that Metamask wallet. but you are right that was an insane gas fee, Imagine $3000+ no way if thats the price I dont use that coin anymore because its a disgrace and can be the cause to slow down the momentum of the cryptocurrency adoption just look for another alternative or use BSC temporarily instead because the fee is just minimal.
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February 21, 2021, 03:51:38 PM
 #35

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



Even if you select slow processing time, it will still cost more than an ethereum as a fee which is too much. We do not have any option for now for low fee.

By the way Have you perform this transaction ?

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February 21, 2021, 06:35:09 PM
 #36

That's insane, but I guess that's one to tell that I didn't experience the worst before as I thought before that I had the largest gas fee when I was still trying to send my ERC-20 token to EtherDelta to sell it and trade it as well.
Learned my lesson from my experience before to be prepared to cover these gas fees as they might be my losses rather than get your trades. Wink
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February 21, 2021, 06:46:56 PM
 #37

I think you made a mistake because it is impossible to send token with fees more than $1000 because what I observed during the increase in gas fees the transaction only need about $20 to $35

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February 21, 2021, 07:11:36 PM
 #38

I believe Metamask support adjusting the gas price manually so you can set whatever suits you.
But since no one else faced the same problem, I suggest moving to another wallet and stop using this one in case you ate using a fake version. Is this the first time you use it?

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February 21, 2021, 07:27:18 PM
 #39

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



bro these are crazy high fees, stopped using ethereum long ago but this doesn't make sense is too high,
are all transactions in ethereum got so high fees ?? and if so why developers don't do something about this???
this is not very good if you want to use it for real transactions

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February 22, 2021, 04:02:27 AM
 #40

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



Even if you select slow processing time, it will still cost more than an ethereum as a fee which is too much. We do not have any option for now for low fee.

By the way Have you perform this transaction ?

Not yet. I was informed that this is a bug caused by the DEGO smart-contract. They said not to withdraw DEGO tokens until further information.

i love turtle │  i love turtle │  i love turtle
i love bitcoin │ i love bitcoin │ i love bitcoin
i love bitcointalk │  i love bitcointalk │
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