Volatile Gwei Gas Fees help!

[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?