Volatile Gwei Gas Fees help!

[very_452001]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

[TryNinja]

Yes, it could be showing 100 gwei right now and quickly jump to 150 gwei. When there are some news or quick price actions (like BTC dumping), people can rush to do a swap or send money somwhere, which congestions the network. The block space is limited, so they need to fight betwene each other by increasing their fees.

[SquirrelJulietGarden]

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

It is because the fall or increase of BTC that causes altcoin pumps or dumps. Furthermore, the block time of Ethereum is very short and the mempool of Ethereum can change faster than BTC mempool.

When you broadcast your Ethereum or ERC-20 token transactions, the gas limit need to be set at high value.

Paying low fees in Ethereum - Gas Limit, Gas Price and Gwei

You can check recommended gas price and estimating waiting time https://www.gasnow.org/

[posi]

I also believe the recent price momentum of the market influence the mempool of the Ethereum network, some investors will definitely want to make a quick sale while some already buying but the transaction timespan is much and I believe that because gas details provided on the https://ethgasstation.info/index.php?curr=gbp site these days seems not to be accurate and the best Ethereum gas estimator site is https://www.gasnow.org/.

[GreatArkansas]

Even we use the 'recommended gas amount? It will still affect the volatility of the gas fee?
I am using Etherscan's gas tracker here: https://etherscan.io/gastracker for checking the gas fee before sending any ethereum transaction.
I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all. Currently, the gas fee on average and low got a very small gap.

[Bttzed03]

Even we use the 'recommended gas amount? It will still affect the volatility of the gas fee?
~
I think if you follow the 'average' or 'high' gas fee and send the transaction immediately, it will be no problem at all.

It does affect gas volatility in a way. Imagine thousands of transactions using the same recommended fee (i.e. 105) overwhelming the limited transactions that a block can accommodate. Someone who is impatient or an exchange will most likely try to get their transaction/s confirmed first by setting a higher fee (i.e. 110). That will have a domino effect.

[very_452001]

Can my transaction be stuck or denied if I set a gas fee that becomes too low now?

When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees   I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!

High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.

Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain   ?

[semobo]

Can my transaction be stuck or denied if I set a gas fee that becomes too low now?

When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees   I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!

High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.

Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain   ?

You can simply increase the gas fee now to avoid the waiting time and its an easy process. Just use the same transaction has and use the fastest recommended gas fee now the standard so your transaction will be confirmed in the next 10 mins and the previous one will be canceled.

Now only ethereum network, every POW network is under such risk and this is huge due to scalability issue on ethereum and already ethereum 2.0 is on the process so we can see no issue with transacting ethereum2.0 like now.

[shinratensei_]

know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

That depends on what kind of formula that already used by ethgasstation to calculate the fees, FYI if the ethgasstation could be taken the data for the latest gwei from calculating several blocks on ethereum chain and ethgasstation was taking the average gwei from a total of these blocks.
When the new block will contain high gwei and the average gwei for the transaction will be getting changed too.

Can my transaction be stuck or denied if I set a gas fee that becomes too low now?

You can, as long as your gas fees are very low and the block will reject it.

When will this gas price issue be fixed?

This problem will be fixed on the next update (EIP1559) but miners are against it and it may take a very long time to fix this problem.

Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain   ?

It's not possible, when you are sending low gas fees and that means the block will reject your tx and your coin will be going back to your wallet again.

[criket]

that's why you should choose the biggest or fast Gwei recommendation. just to anticipate if something happens like yours. a little more expensive but we can trade it right away. just wait and will also enter. but sometimes something fails if there is not enough gas and there is no drop in Gwei in the 11 hours you wait.

[Review Master]

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Samething's happened with me previously and i didn't use/look into that or other websites where gwei price is monitored. As i pefer to use built-in metamask which is called "crypto wallet" from brave browser where transection fee or price of gwei is automaticlally adjusted by current situation. Just select "Slow", "Average" or "Fast" mode to complete that transection and sometime, it cost lower fee than what it's showed before clicking on "Confirm" buttom to do any transections. So, better to use that functionality of metamask or crypto wallet from brave browser instead of using those websites to adjust gwei, IMO.

[Renampun]

...

all experienced this. I suggest you don't choose the 'low' transaction...
gas fee eth changes in fractions of a second due to the busy transactions that take place in the market. at a minimum, you have to choose 'medium' so that your transaction is fast processing. *btw, Currently, I refrain from transferring my HODL tokens due to high gas fees

[thesmallgod]

The gas fee is not stable just as the price of ETH is rapidly changing and this is the reason why it is not advisable to set the gas fee to low priority because if the traffic increases due to rise or fall in the price, the gas fee might go up which makes you transaction get dropped on the block chain and this might lead to late confirmation. I have experience similar scenario. It took about a week before my transaction get complete when the gas fee fall back to value below the amount I set for transaction

[Zeehaxan]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

Unfortunately at the moment gas cannot be controlled and we can not do anything about it but the good news is that eth developers will launch solutions by april which will be tested for couple of months and activated in july nd this upgrade will significantly reduce and regulate gas prices.

[Bustart]

The gas fee is not stable just as the price of ETH is rapidly changing and this is the reason why it is not advisable to set the gas fee to low priority because if the traffic increases due to rise or fall in the price, the gas fee might go up which makes you transaction get dropped on the block chain and this might lead to late confirmation. I have experience similar scenario. It took about a week before my transaction get complete when the gas fee fall back to value below the amount I set for transaction

This is really getting serious right now, erc20 community must take some actions with these underlying problems because if there's no correction happening I think holders would divert on other asset like tron or other platforms. There's a lot that could be promising, depends on it trending capacity which eventually go into tight competition with other known altcoins.

[zasad@]

Can my transaction be stuck or denied if I set a gas fee that becomes too low now?

When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees   I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!

High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.

Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain   ?

If you sent Ethereum coins, then it's okay. Wait a while, your transaction may be confirmed faster.
This transaction will not be deleted from the mem pool for several more weeks.
If you have sent tokens, then the smart contract may not have enough gas and the transaction will be completed. You will lose some of the commission.

Increase of commission and cancellation of transactions in MyCrypto wallet
https://bitcointalk.org/index.php?topic=5315007

[Mpamaegbu]

People say Bitcoin is volatile, I tell them not to conclude yet until they've had a moment with ETH gas fees. It's really crazy, honestly, to say the least. I have had an ETH transaction hung for several days because of this said fluctuations in gas fees. I remember with sadness when I used to pay 6 Gwei as gas in 2019. Now, a similar transaction of that magnitude would go for over 50 Gwei. With the way things are with ETH gas fees, I think it's still a miracle that Ethereum is still soaring in price. Well, may be sooner than later this effect will set in now that CZ Binance has a smart contract in BSC that can challenge the ERC. Yah, I know a lot of people will argue that BSC is centralized with its attendant consequences while ETH is decentralized. Even at that, is that why the community must go through hardship because it wants to process through ETH?

[Johnyz]

Fees are moving too and its really volatile on ETH platform and no one can help you with this one since this is our common problem. If you used a lower fees then expect a big delay on your transactions, since you already confirm it all you have to do is to wait for confirmations, better to use a higher gas if you badly needed the money,

[tippytoes]

Fees are moving too and its really volatile on ETH platform and no one can help you with this one since this is our common problem. If you used a lower fees then expect a big delay on your transactions, since you already confirm it all you have to do is to wait for confirmations, better to use a higher gas if you badly needed the money,

That's the only option for now to get ahead with the game. If you want to get money on time or earlier, you need to use higher gas fees just like in btc tx, higher sat/byte. Of course, the gas fees change from one time to another, and you have no control on that. What the OP can do, is just wait for it to be confirmed and next time use higher gas fees from what is the recommended gwei at that time. Right now, you have very little option as the eth network is really a pain these days.

[Bttzed03]

~ I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on?

If you take into account clearing days, it can be much cheaper than banks. Anyway, blockchain is not supposed to be about the fees but the removal of third party intermediaries for transactions between two parties.

~
Just select "Slow", "Average" or "Fast" mode to complete that transection and sometime, it cost lower fee than what it's showed before clicking on "Confirm" buttom to do any transections. So, better to use that functionality of metamask or crypto wallet from brave browser instead of using those websites to adjust gwei, IMO.

That wallet from brave browser is tied to Uphold right? The one that asks you to complete KYC before you can send/withdraw funds from that wallet? I wouldn't suggest that.

[TastyChillySauce00]

You should always set the gas above what's shown in ethgasstation, they're calculating average fee based on previous block meanwhile many exchanges set gas fee at high rate (still influenced by previous eth gas craze). They're not the absolute guide for setting the gas price so therefore a precaution needed which is setting gas above rate of gasses from previous blocks.

[DapanasFruit]

What is going with the Ethereum network right now is actually not what we are here for in cryptocurrency. Of course, the main objective of getting into the blockchain and cryptocurrency is to get away from the control of traditional institutions that for hundreds (if not thousands) have been control us, the market, the money, the banks. But the level of gas fees required for each transaction can be limiting the growth and adoption of cryptocurrency and that is why people behind Ethereum should double up the effort and stack on a lot of ingenuity so that full implementation of Eth 2.0 can change this whole reality evading the ERC-20 assets. As what I am always saying, this is not what we signed up for.

[Lantind]

that's why you should choose the biggest or fast Gwei recommendation. just to anticipate if something happens like yours. a little more expensive but we can trade it right away. just wait and will also enter. but sometimes something fails if there is not enough gas and there is no drop in Gwei in the 11 hours you wait.

Yes, but for now I see the cost of Gwei has also decreased, hopefully it will be very useful for those who are still experiencing pending transactions due to insufficient Gwei when making transactions.

[Review Master]

That wallet from brave browser is tied to Uphold right? The one that asks you to complete KYC before you can send/withdraw funds from that wallet? I wouldn't suggest that.

Nope, i'm not taking about brave rewards, but i'm actually talking a extra feature which is offered by brave browser and it's called "Crypto Wallets" which is basically the samething like the extension of metamask with a modified version to use without any problem. Just install brave browser and than open it. After that, follow according to attached image and anyone will get that option to use. So, crypto wallet is different from brave reward system and it's totally different and don't need to do kyc. 

[very_452001]

So Ethereum 2.0 will fix this volatile gas fee issue?

When will Ethereum 2.0 be released officially?

Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?

[rozak]

So Ethereum 2.0 will fix this volatile gas fee issue?

To solve this transaction fee problem, I think it has nothing to do with ethereum 2.0

Moreover, there is already a discussion regarding the transaction fees that ethereum developers will complete by the middle of this year. we just try to wait.
When will Ethereum 2.0 be released officially?

if I'm not mistaken it will be finished in 2023 in the future. This is related to supply as well as how ETH is mining in the future. (Please correct if the information I received is wrong)

Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?

I think the move from using the ethereum blockchain to binance has occurred in several projects.
BSC adoption is now increasing for several new projects as well for those migrating from ethereum to binance.

[tvplus006]

Fees are moving too and its really volatile on ETH platform and no one can help you with this one since this is our common problem. If you used a lower fees then expect a big delay on your transactions, since you already confirm it all you have to do is to wait for confirmations, better to use a higher gas if you badly needed the money,

That's the only option for now to get ahead with the game. If you want to get money on time or earlier, you need to use higher gas fees just like in btc tx, higher sat/byte. Of course, the gas fees change from one time to another, and you have no control on that. What the OP can do, is just wait for it to be confirmed and next time use higher gas fees from what is the recommended gwei at that time. Right now, you have very little option as the eth network is really a pain these days.

In such cases, when I need to transfer coins from my wallet to the exchange, I do it on weekends, when the commission fee is reduced due to a decrease in network congestion. In addition to the transfer on such days, it turns out to be less expensive to conduct operations on decentralized exchanges and you can spend 50% less than on working days.

[wxa7115]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

I do not have used ethereum in a long long time but does ethereum not have the possibility of increasing the fee even after you have sent a transaction just like the bitcoin network does?

I say this because it seems your problem is not with the high level of the fees but with the volatility of them, and if such a feature is present on the ethereum network then you can just increase the fee and get your confirmation in just a few minutes despite the volatility.

[very_452001]

So Ethereum 2.0 will fix this volatile gas fee issue?

To solve this transaction fee problem, I think it has nothing to do with ethereum 2.0

Moreover, there is already a discussion regarding the transaction fees that ethereum developers will complete by the middle of this year. we just try to wait.
When will Ethereum 2.0 be released officially?

if I'm not mistaken it will be finished in 2023 in the future. This is related to supply as well as how ETH is mining in the future. (Please correct if the information I received is wrong)

Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?

I think the move from using the ethereum blockchain to binance has occurred in several projects.
BSC adoption is now increasing for several new projects as well for those migrating from ethereum to binance.

Wont Binance BSC get congested too like Eth with expensive fees when lots of people start migrating there?

Fees are moving too and its really volatile on ETH platform and no one can help you with this one since this is our common problem. If you used a lower fees then expect a big delay on your transactions, since you already confirm it all you have to do is to wait for confirmations, better to use a higher gas if you badly needed the money,

That's the only option for now to get ahead with the game. If you want to get money on time or earlier, you need to use higher gas fees just like in btc tx, higher sat/byte. Of course, the gas fees change from one time to another, and you have no control on that. What the OP can do, is just wait for it to be confirmed and next time use higher gas fees from what is the recommended gwei at that time. Right now, you have very little option as the eth network is really a pain these days.

In such cases, when I need to transfer coins from my wallet to the exchange, I do it on weekends, when the commission fee is reduced due to a decrease in network congestion. In addition to the transfer on such days, it turns out to be less expensive to conduct operations on decentralized exchanges and you can spend 50% less than on working days.

Okay what's the best days and times of the week for cheap fees?

[moderator's note: consecutive posts merged]

[Bttzed03]

That wallet from brave browser is tied to Uphold right? The one that asks you to complete KYC before you can send/withdraw funds from that wallet? I wouldn't suggest that.

Nope, i'm not taking about brave rewards, but i'm actually talking a extra feature which is offered by brave browser and it's called "Crypto Wallets" which is basically the samething like the extension of metamask with a modified version to use without any problem.

Just install brave browser and than open it. After that, follow according to attached image and anyone will get that option to use. So, crypto wallet is different from brave reward system and it's totally different and don't need to do kyc.  
https://i.imgur.com/mMAQBlG.jpg

I'm well aware that you're not referring to BAT rewards from viewing ads. I read a posts back when that wallet was first launched that you can deposit but you're not allowed to withdraw without passing KYC too and I assumed that was true. I was a Brave user and I remember rejecting the wallet installation when it popped out.

So Ethereum 2.0 will fix this volatile gas fee issue?

To solve this transaction fee problem, I think it has nothing to do with ethereum 2.0

Yes it will help fix gas issues. Ethereum 2.0 also aims to improve scalability with higher TPS.

EIP 1559 will be a temporary fix.

~ Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?

There is still a good daily volume over ethereum but it's probably the whales that are playing there. Most retail traders moved to Binance Smart Chain, Polkadot, and Polygon.

~
Wont Binance BSC get congested too like Eth with expensive fees when lots of people start migrating there?

BSC is a centralized solution to fix the gas fees. With only 21 nodes, it's easier to control the fees and lower it if necessary.

[Review Master]

~~

I'm well aware that you're not referring to BAT rewards from viewing ads. I read a posts back when that wallet was first launched that you can deposit but you're not allowed to withdraw without passing KYC too and I assumed that was true. I was a Brave user and I remember rejecting the wallet installation when it popped out.

Indeed, you're right about uphold which is just custodial wallet just like coinbase and not quite popular on crypto community. Maybe, that's why they partnered with brave browser to get more attention from the community and it's true that kyc is mandatory to get brave rewards into you wallet. But "crypto wallets" is one kind of modified Metamask with some cool UI design to have more attention from users and provide solution for web3/dapps without installing the metamask extension. That's it and like you, i won't suggest anyone to use any wallets which requires KYC as i don't even use those exchanges which require kyc on basic level.

[tvplus006]

In such cases, when I need to transfer coins from my wallet to the exchange, I do it on weekends, when the commission fee is reduced due to a decrease in network congestion. In addition to the transfer on such days, it turns out to be less expensive to conduct operations on decentralized exchanges and you can spend 50% less than on working days.

Okay what's the best days and times of the week for cheap fees?

I'm talking about Saturday and Sunday, these days the business is resting and, accordingly, the load on the ethereum network is reduced. Before making a transfer, I always use the service https://etherscan.io/gastracker where the Gas price is indicated at this time. There you can also look at the price of Uniswap Swap and Uniswap Add / Remove LP.

[masterrex]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

I experience that also Mate and it's not a problem with me, because I'm using a wallet that has an acceleration function, even if the gas fee (Gwie) is changing faster than we expected I can still make a successful transaction through the acceleration function. because it automatically creates another transaction with much higher gas fees or (Gwie) and dont worry it will not create a double transaction. by the way, I'm using ImToken wallet 2.0. and if it is ok with you to pay additional fees in exchange for a much faster transaction then try it.

[very_452001]

Okay which days and times of the week where its the least congestion?

Crypto is 24/7 market however it doesn't mean its congested 24/7 right?


Anyone know which usual days/times of the week where the Ethereum network is the least busiest?


So Fees should be much cheaper from tomorrow because of that new Ethereum EIP 1559 update?

How do crypto users take advantage of these cheap fees from tomorrow?


Bump any advice?


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

I raised the gas limit from default 100,000 to 150,000 but I still get above error message. I used slow Gwei. Please help 


Hi,

Coming back here if a transaction has failed do you still have to pay Gas fees even though you chose the default speed fee option or even a faster speed fee paid for service?

[moderator's note: consecutive posts merged]

[mdzahed134]

Hi,

Coming back here if a transaction has failed do you still have to pay Gas fees even though you chose the default speed fee option or even a faster speed fee paid for service?

Of course, you have to pay fee even transaction will failed somehow because the fee will go for miners who's working to success this transaction. If you will make transaction from metamask and if failed, here you never get refund your gas fee because fee will receive miners, there are no connection with metamask.

[very_452001]

Hi,

Coming back here if a transaction has failed do you still have to pay Gas fees even though you chose the default speed fee option or even a faster speed fee paid for service?

Of course, you have to pay fee even transaction will failed somehow because the fee will go for miners who's working to success this transaction. If you will make transaction from metamask and if failed, here you never get refund your gas fee because fee will receive miners, there are no connection with metamask.

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

[dhemasm]

Okay how do you prevent transactions from failing?

It's different from before, on EIP-1599 you need to follow the base fee and monitor the previous block if it was filled or not and the most safest way from my opinion use Mew where you can choose highest gas fee so your transaction won't fail beside that try to make an transaction on UTC Midnight time, The fee will much lower on that time.

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

I have an problem with metamask too for sending eth transaction lately but metamask are just supposed to become an web3 interface to interact with ethereum network.

[very_452001]

Okay how do you prevent transactions from failing?

It's different from before, on EIP-1599 you need to follow the base fee and monitor the previous block if it was filled or not and the most safest way from my opinion use Mew where you can choose highest gas fee so your transaction won't fail beside that try to make an transaction on UTC Midnight time, The fee will much lower on that time.

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

I have an problem with metamask too for sending eth transaction lately but metamask are just supposed to become an web3 interface to interact with ethereum network.

Do you mean EIP-1559?

UTC Midnight time is the best time for cheapest fees?

So metamask is not a proper Ethereum wallet and instead just a web3 interface for Eth?


I bet the average trader trading ERC-20 cryptos, not day trader everyday, but just average portfolio try to buy low sell high must have spent $1000s in Gwei gas fees in this bull market alone It is shocking.

If Ethereum goes up in price then fees will be much higher 

Isn't Ethereum suppose to have 16 decimal places that is 0.0000000000000001 (the lowest amount of eth) so why miners charging so much? Is it the mining computation or congestion causing high fees?



[moderator's note: consecutive posts merged]

[sunsilk]

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

If the fee you set and paid isn't recommended by the network then it will really be stuck. But if you paid the recommended fee then there's a sudden surge to the fee set by the miners then it'll be delayed.

If you track your transaction there's an estimated time of confirmation of it. The fees for ERC20 tokens really suck and too much and that's why before you send any token, think of it if it's worth it for you to pay their recommended fee.

[very_452001]

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

If the fee you set and paid isn't recommended by the network then it will really be stuck. But if you paid the recommended fee then there's a sudden surge to the fee set by the miners then it'll be delayed.

If you track your transaction there's an estimated time of confirmation of it. The fees for ERC20 tokens really suck and too much and that's why before you send any token, think of it if it's worth it for you to pay their recommended fee.

Is there a difference between stuck and failed transactions?

Fail transactions means your tokens are not sent but you still have to pay gas fee for the failed transaction?

Stuck means it has been sent, stuck somewhere on the ethereum chain but eventually will get to the receiver but at a long time?

[sunsilk]

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

If the fee you set and paid isn't recommended by the network then it will really be stuck. But if you paid the recommended fee then there's a sudden surge to the fee set by the miners then it'll be delayed.

If you track your transaction there's an estimated time of confirmation of it. The fees for ERC20 tokens really suck and too much and that's why before you send any token, think of it if it's worth it for you to pay their recommended fee.

Is there a difference between stuck and failed transactions?

Fail transactions means your tokens are not sent but you still have to pay gas fee for the failed transaction?

Stuck means it has been sent, stuck somewhere on the ethereum chain but eventually will get to the receiver but at a long time?

That's right.

Stuck is just delayed transaction.

While the failed transaction, you have to re-do the process because your transaction has never been processed and never gone through. So how's your transaction doing?

If you pay for the not recommended fee then you're likely to get both, it really depends to the network and how much the miners fee are.

[qigong13]

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

If the fee you set and paid isn't recommended by the network then it will really be stuck. But if you paid the recommended fee then there's a sudden surge to the fee set by the miners then it'll be delayed.

If you track your transaction there's an estimated time of confirmation of it. The fees for ERC20 tokens really suck and too much and that's why before you send any token, think of it if it's worth it for you to pay their recommended fee.

Is there a difference between stuck and failed transactions?

Fail transactions means your tokens are not sent but you still have to pay gas fee for the failed transaction?

Stuck means it has been sent, stuck somewhere on the ethereum chain but eventually will get to the receiver but at a long time?

That's right.

Stuck is just delayed transaction.

While the failed transaction, you have to re-do the process because your transaction has never been processed and never gone through. So how's your transaction doing?

If you pay for the not recommended fee then you're likely to get both, it really depends to the network and how much the miners fee are.

Wasn't that you can spend more gas to speed up the stuck/in-hang-of-waiting trasaction? So why would you get both failed and stuck if I speed up the transaction?

[very_452001]

Okay how do you prevent transactions from failing?

If im paying miners a fee for them to work to make transaction successful like you mentioned, then why transaction comes back as failed?

What do you mean no connection with the metamask wallet? All other eth wallets are fine except metamask for gas fee refunds?

If the fee you set and paid isn't recommended by the network then it will really be stuck. But if you paid the recommended fee then there's a sudden surge to the fee set by the miners then it'll be delayed.

If you track your transaction there's an estimated time of confirmation of it. The fees for ERC20 tokens really suck and too much and that's why before you send any token, think of it if it's worth it for you to pay their recommended fee.

Is there a difference between stuck and failed transactions?

Fail transactions means your tokens are not sent but you still have to pay gas fee for the failed transaction?

Stuck means it has been sent, stuck somewhere on the ethereum chain but eventually will get to the receiver but at a long time?

That's right.

Stuck is just delayed transaction.

While the failed transaction, you have to re-do the process because your transaction has never been processed and never gone through. So how's your transaction doing?

If you pay for the not recommended fee then you're likely to get both, it really depends to the network and how much the miners fee are.

So I have to pay the gas fees again to re-do for failed transactions?

[Yogee]

....
So I have to pay the gas fees again to re-do for failed transactions?

That would mean you have to send a different transaction with a new tx hash so YES you would need to pay a new tx fee for that.

It's one of the headaches of on-chain transactions over Ethereum and even in BSC.

[very_452001]

....
So I have to pay the gas fees again to re-do for failed transactions?

That would mean you have to send a different transaction with a new tx hash so YES you would need to pay a new tx fee for that.

It's one of the headaches of on-chain transactions over Ethereum and even in BSC.

But BSC is much cheaper and less congested right?

I don't understand how the sender is liable to the miners for failed transactions when the sender wallet allows different fee set speed send services, like slow, medium or fast. If sender is liable for failed transaction fees according to the eth blockchain rules then sender should definitely not be liable for failed transactions sent on normal default or fast fees because how is it the sender's fault  

[Yogee]

....
So I have to pay the gas fees again to re-do for failed transactions?

That would mean you have to send a different transaction with a new tx hash so YES you would need to pay a new tx fee for that.

It's one of the headaches of on-chain transactions over Ethereum and even in BSC.

But BSC is much cheaper and less congested right?

I don't understand how the sender is liable to the miners for failed transactions when the sender wallet allows different fee set speed send services, like slow, medium or fast. If sender is liable for failed transaction fees according to the eth blockchain rules then sender should definitely not be liable for failed transactions sent on normal default or fast fees because how is it the sender's fault  

I wouldn't say BSC is less congested since there are also days when daily transactions surpasses Ethereum.

Yes the fees are cheaper there since they have more control on the gas price with only 21 validating nodes. The validators changes from time to time but the total number doesn't.

It's not the responsibility of the Ethereun miners how much fees you used to send. They also do not set the gas price. You should probably remove from your head the centralized finanvial system where fees are fixed for a while and refunds can be done.

[rugrats]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

Every time I trade I always open a lot of pages to track current Gwei gas like https://etherscan.io/gastracker is one of my favorite sites, gas fees are volatile and quite high compared to what we expect so it becomes more and more difficult to execute the transaction. Many times I transacted to adjust the gas fee as required but only after 5s the gas fee changed this makes me always confused Gwei it changes very fast and my transaction is done by manual operation very slow , hope that ETH 2.0 comes out will make gas fees more stable and fees lower than today.

[Rengga Jati]

-snip-

Exactly, ETH gas gwei is very volatile and the cost is very high, so crazy. I
Now the gas is about 90 gwei but I am sure that some seconds later, it will be more than 100, 
I canceled and delayed sending tokens several times because until now, there is no good time for sending them that I found. I missed them when it comes under 50 gwei at that time but I couldn't do it because I am outside and cannot send it.
And after turning back at home and going to send, it has been more than 100 gwei again. so crazy. 

[Oilacris]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

Ive been using gasnow.org when checking out gas fees and have integrated some browser extension which is helpful for me to check out if its worth to make out some erc20 transactions or not basing on the gas fees.

I have checked out gasnow and it now turns to https://bitcoin.org/en/ or redirecting which i dont know on what happened but you could also check out on https://etherchain.org/tools/gasnow

which it is just really normal to have those volatile Gwei counts from seconds to seconds which i consider to be typical or default.

[Jackl87]

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  

Yeah this really sucks and it happened to me too both on the ethereum chain and on the bitcoin chain. As far as i know you can speed up your transaction, if you have sent it with metamask. Then your transaction will be rebroadcasted again with a higher gas fee. This is not ideal as you have to spend the gas fee twice and there is no guarantee for success but it might be worth a try if that transaction is time critical. There is also a way to remove your transaction from the blockchain, but that is more complicated and you definitely need to follow the guides there step by step.

[yhiaali3]

This is already ridiculous, an Ethereum network has become troublesome, very high fee and a big time delay, honestly I did not use an Ethereum network only in compulsory cases only, if I have an option I will choose any other network such as Binance or Tron or Polygon.
On mentioning high fees I have NFT in my wallet I want to sell but surprised that the sale fee is higher than NFT itself !!! So I decided to keep it in the wallet until finish updating the Ethereum network to version 2.

[very_452001]

....
So I have to pay the gas fees again to re-do for failed transactions?

That would mean you have to send a different transaction with a new tx hash so YES you would need to pay a new tx fee for that.

It's one of the headaches of on-chain transactions over Ethereum and even in BSC.

But BSC is much cheaper and less congested right?

I don't understand how the sender is liable to the miners for failed transactions when the sender wallet allows different fee set speed send services, like slow, medium or fast. If sender is liable for failed transaction fees according to the eth blockchain rules then sender should definitely not be liable for failed transactions sent on normal default or fast fees because how is it the sender's fault 

I wouldn't say BSC is less congested since there are also days when daily transactions surpasses Ethereum.

Yes the fees are cheaper there since they have more control on the gas price with only 21 validating nodes. The validators changes from time to time but the total number doesn't.

It's not the responsibility of the Ethereun miners how much fees you used to send. They also do not set the gas price. You should probably remove from your head the centralized finanvial system where fees are fixed for a while and refunds can be done.

Dayum, just 21 nodes? How is this decentralized?

How many nodes does Polygon & Tron have?

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei 

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth 

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

Ive been using gasnow.org when checking out gas fees and have integrated some browser extension which is helpful for me to check out if its worth to make out some erc20 transactions or not basing on the gas fees.

I have checked out gasnow and it now turns to https://bitcoin.org/en/ or redirecting which i dont know on what happened but you could also check out on https://etherchain.org/tools/gasnow

which it is just really normal to have those volatile Gwei counts from seconds to seconds which i consider to be typical or default.

Yeah that gasnow site has been shut down. That was the best most accurate site for checking gas fees?

Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei 

Yeah this really sucks and it happened to me too both on the ethereum chain and on the bitcoin chain. As far as i know you can speed up your transaction, if you have sent it with metamask. Then your transaction will be rebroadcasted again with a higher gas fee. This is not ideal as you have to spend the gas fee twice and there is no guarantee for success but it might be worth a try if that transaction is time critical. There is also a way to remove your transaction from the blockchain, but that is more complicated and you definitely need to follow the guides there step by step.

I thought it was impossible to remove recorded entries from a decentralized public blockchain with lots of nodes. So what do you mean there's a way to remove a transaction from a blockchain 

[moderator's note: consecutive posts merged]

[sunsilk]

Wasn't that you can spend more gas to speed up the stuck/in-hang-of-waiting trasaction? So why would you get both failed and stuck if I speed up the transaction?

Yes, you can speed up your transaction if gets stuck while in the failed transaction, there's no way to speed it up because it has been dropped by the network already. That's the difference between stuck and failed transaction, in failed transaction you have to make the transaction again.

So I have to pay the gas fees again to re-do for failed transactions?

Yes, it's like re-doing the process of sending and that's why you have to resend it just like the usual thing that you do.

[mole3421278]

But why do you use ethereum?  Just use something else till eth2.0

[Traderbtcc]

 The gas prices varies from time to time depending on the amount of transaction been processed at that particular time, I gotta admit it kinda sucks to always watch gas prices before making any transaction, the Internet money shouldn't cost more than $1 per transaction, personally have stopped using or moving eth assets since the gas fees are more expensive than a monthly paycheck over here, instead of always watching eth gas prices before making any transaction while not just move to a better blockchain where you won't have an heart attack when you wanna make a transaction,maybe bsc or near Protocol, although I would recommend Near Protocol cause the gas fees need for transaction on Near blockchain is just $0.01 and it will never go higher than that, stop getting heart attacks when you wanna make a transaction its silly.

[MSN02]

I fucking hate these gas fees, they make me so mad. They are so inconsistent and high all the time, I’ve had enough. I now use NEAR to do most of my transactions and trade NFTS because it’s just so much cheaper. The gas fees are almost non and they are consistent. It’s nice knowing you are always going to get a good deal because the stress that some of these gas fees from other networks bring especially when they are low one day and super high the next is insane and I’m just sick of it. I can’t wait until this whole high gas fee phase is over because fuck it’s annoying and it’s honestly holding the crypto market back a lot.

[very_452001]

The gas prices varies from time to time depending on the amount of transaction been processed at that particular time, I gotta admit it kinda sucks to always watch gas prices before making any transaction, the Internet money shouldn't cost more than $1 per transaction, personally have stopped using or moving eth assets since the gas fees are more expensive than a monthly paycheck over here, instead of always watching eth gas prices before making any transaction while not just move to a better blockchain where you won't have an heart attack when you wanna make a transaction,maybe bsc or near Protocol, although I would recommend Near Protocol cause the gas fees need for transaction on Near blockchain is just $0.01 and it will never go higher than that, stop getting heart attacks when you wanna make a transaction its silly.

Is Near blockchain cheaper than Polygon Blockchain?

How many validators the Near blockchain has and why would a trader use Near over Polygon?

[kensaii]

I fucking hate these gas fees, they make me so mad. They are so inconsistent and high all the time, I’ve had enough. I now use NEAR to do most of my transactions and trade NFTS because it’s just so much cheaper. The gas fees are almost non and they are consistent. It’s nice knowing you are always going to get a good deal because the stress that some of these gas fees from other networks bring especially when they are low one day and super high the next is insane and I’m just sick of it. I can’t wait until this whole high gas fee phase is over because fuck it’s annoying and it’s honestly holding the crypto market back a lot.

Yeah, fuck ETH gas fees. Each transaction is now like playing with roulette because of the inconsistent. Sick of having to get another tab to calculator the gas wei so you can just barely make it into the pool and allow the miner to pick it up. You and I aren't alone, bet many people will start to migrate out of ETH because of this.

[very_452001]

Anyone know the best website now to track Gwei Gas?

[anggoro manise]

yes, i also feel very high gas..yesterday i tried to send my token worth $450, and i want to exchange on uniswap, but i have to spend more than $100, that's why i don't do it.no solution to this problem yet.

[JeWay]

yes, i also feel very high gas..yesterday i tried to send my token worth $450, and i want to exchange on uniswap, but i have to spend more than $100, that's why i don't do it.no solution to this problem yet.

The solution is to keep holding it until the transaction costs can really go down and if there is a swap option elsewhere than Uniswap it is also better, because Uniswap is a very expensive Dex in terms of transaction fees that must be incurred.

[khiholangkang]

yes, i also feel very high gas..yesterday i tried to send my token worth $450, and i want to exchange on uniswap, but i have to spend more than $100, that's why i don't do it.no solution to this problem yet.

The solution is just to wait until your tokens are even more expensive, so that the $100 fee is not a problem to throw away lol

[anggoro manise]

The solution is to keep holding it until the transaction costs can really go down and if there is a swap option elsewhere than Uniswap it is also better, because Uniswap is a very expensive Dex in terms of transaction fees that must be incurred.

The solution is just to wait until your tokens are even more expensive, so that the $100 fee is not a problem to throw away lol

Maybe both of these methods can be used, waiting for the high price so that we don't feel the loss of $100 for the fee. Moreover, the price of bitcoin and eth is very high, it may take a long time to wait for the fee to stabilize. we can only wait and wait..huft

[very_452001]

yes, i also feel very high gas..yesterday i tried to send my token worth $450, and i want to exchange on uniswap, but i have to spend more than $100, that's why i don't do it.no solution to this problem yet.

The solution is to keep holding it until the transaction costs can really go down and if there is a swap option elsewhere than Uniswap it is also better, because Uniswap is a very expensive Dex in terms of transaction fees that must be incurred.

There maybe cheaper DEX out there than uniswap but that means higher risk right?

[bitcon]

When you send a transaction it gets to a pending room first. Miners choose transactions with the highest fees and add them in blocks first. Ethereum has become really expensive and slow, so I had to switch to alternative chains such as Polygon and Binance Smart chain as because of high activity, gas fees can increase very rapidly and you need to add gas even after sending your transaction.

[RealMalatesta]

Its like every 10 secs the fees are so volatile according to:

We just have to accept the fact that until something is done about this situation, it will keep on being like this. I get that people want to pay reasonable fee, but at the same time we don't, because we want it to be accepted as soon as possible.

There are way too many transactions, and there are few solutions to it that nobody really works on quickly enough, it has been over a year, even nearly 2 years since this problem started and nobody did anything about it. Everyone is expecting ETH 2.0 to solve this problem but let's be honest it probably won't be. This is why I honestly believe that we should just let it be and focus on other tokens and coins for our pleasure until ETH finally figures it out and fixes it.

[zonefloor]

The amount of gwei may rise in an instant or may experience a decrease in an instant. Even if it shows you 11 hours, the delivery will not take place in that time. Because the gwei rises according to the current market movements, it shows that time. In the coming minutes, this amount of gwei will definitely decrease and the delivery will take place before that estimated time. When making your submissions, first make the gwei amounts defined for you by the wallet you are sending to. Otherwise, it is inevitable that you will suffer in this way.

[dimox]

i try to swap my coin, and damn, expensive cost displayed on my screen. the problem is, when you pay it low, your transaction never success, when you pay at that rate, it have 50% chance to fail, so you need to pay more. and lot of us will pay more to make it success as fast as it can, it help to raises cost faster. my friend told if in a time, that cost will normal, but instantly change will wait for you

[very_452001]

Its like every 10 secs the fees are so volatile according to:

We just have to accept the fact that until something is done about this situation, it will keep on being like this. I get that people want to pay reasonable fee, but at the same time we don't, because we want it to be accepted as soon as possible.

There are way too many transactions, and there are few solutions to it that nobody really works on quickly enough, it has been over a year, even nearly 2 years since this problem started and nobody did anything about it. Everyone is expecting ETH 2.0 to solve this problem but let's be honest it probably won't be. This is why I honestly believe that we should just let it be and focus on other tokens and coins for our pleasure until ETH finally figures it out and fixes it.

Curious to know why you think Eth 2.0 POS wont solve the issue? You think fees will still be expensive just a bit cheaper than current Eth 1.0 POW?

[glendall]

The current increase in gas does not guarantee that the transaction will run smoothly because, I see changes in fees in a matter of second they can change until the coins we send arrive or not.
high gas when you send I don't think it's a guarantee of a fast transaction