Why Gas Fee is too High?

[Devifajarina]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

If too many transactions are carried out by people, there will be less mining of ethereum, thus making transaction costs more expensive and bigger, a lot of demand will usually result in ethereum being higher in volume value, this is what causes expensive transaction fees, because both are not balanced on the value of sales and mining, as we often find from the results of other existing transactions.

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[Timelord2067]

It makes no sense to make a $25 purchase and then be expected to fork out an additional $25 - $40 transaction fee (call it what ever you like - it's just a transaction fee plain and simple) via ETH (so basically, you're buying the Tokens for double the asking price as if that's a good thing ?? ) ??

[Luffygroove]

I believe the reason why the gas fee is high first is because of the high price of the ETH itself, especially in the bull run period. We feel it's high because the price in dollars is indeed high. Second, many DeFi projects based on ETH affecting the scalability and the network. More people using the ETH chain means more crowded the network, and the miners will choose the transaction with higher fees first. It makes the network become clogged. It becomes an unsolvable issue and it makes the fees higher.

[coinbitrade]

I believe the reason why the gas fee is high first is because of the high price of the ETH itself, especially in the bull run period. We feel it's high because the price in dollars is indeed high. Second, many DeFi projects based on ETH affecting the scalability and the network. More people using the ETH chain means more crowded the network, and the miners will choose the transaction with higher fees first. It makes the network become clogged. It becomes an unsolvable issue and it makes the fees higher.

the price of gas is too high. Now an average of 100 gwei is needed to complete a transaction relatively quickly. Of course, if the price of ETH was $ 100, the commission in dollars would be good. But this will not happen.

[Nasuhalugu]

The high gas cost on Ethereum is indeed one of the serious problems that is widely discussed so that it becomes a complaint of many people in transactions. But for me, it's a natural thing and I feel the Ethereum footprint associated with high gas costs will also happen to BNB someday.
The high cost of Ethereum gas may be because Ethereum is a good Altcoin as an asset in crypto or there is something else I don't know at the moment.

[Wahyuihib]

Transactions using eth network do require quite a large fee, especially if we make transactions when demand for eth network is high/busy hours. then a little solution is possible from me. avoid transactions using eth network during peak hours. there are other factors that also affect the high fees on eth, namely high number of users who make transactions using this coin

[Capt00]

When there is a significant volume of transactions on the Ethereum network, gas can become expensive. There is a limit on how many transactions can be included in each new block that is added to the Ethereum blockchain. Miners are rewarded for accepting transactions with greater gas prices due to supply and demand.

[fadil46]

When there is a significant volume of transactions on the Ethereum network, gas can become expensive. There is a limit on how many transactions can be included in each new block that is added to the Ethereum blockchain. Miners are rewarded for accepting transactions with greater gas prices due to supply and demand.

Actually it is a common thing to happen on the Ethereum network when the transactions start to get crowded in the network, because in the past it was just like that, only because the price of Ethereum is still very cheap so Ethereum network users are not so stressed when making transactions, because the fees are still very cheap even though the spending figures are still the same as they are today.

[inanilujimi]

Every price determines quality, that's what the ETH network is all about. if you feel heavy there are many alternative networks that are much cheaper. we just choose at this time which is according to our capacity.

[0verseer]

Not use again with erc20 coin right now because many bounties project pay me by using bsc coin, last payment from detective bounty coin convert and coin have removed to be bsc, just take fees using bsc about 1$ and more enough for swap coin on pancake and sent to wallet address to withdraw.

I'm on a few projects that initially started on ERC20 tokens then later changed to BSC network. The high gas fees for ETH and tokens have now become a good reason why many new smart tokens move away. Unless ETH solves this problem, they're going to bleed dry from the freshness of new tokens and become stagnant.

[mulia sabee]

maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.

Now Gwei on the Ethereum network is at 60 to 70 Gwei with a transaction fee of around $13 more so it's still a big problem for some people who make transactions in very small amounts, this is what makes small traders unsuitable for using the Ethereum network so prefer a different network for the options.

Yes, this is due to the density of transactions carried out by many people and also because the price of ethereum continues to soar higher. I think this is also very influential with gas costs or transaction fees that don't go down.
but for small traders, if you feel heavy with high gas costs, don't worry because there are many other methods that can be done to reduce the burden.

[CaptainCrapper]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

It's the nature of ETH when the price will high then the gas fee will increase. but they are chare exchange I can't accept it lots of project transfer with SOL and BSC and Matic and ADA just for high gas fee.

[BuNga_cute]

maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.

Now Gwei on the Ethereum network is at 60 to 70 Gwei with a transaction fee of around $13 more so it's still a big problem for some people who make transactions in very small amounts, this is what makes small traders unsuitable for using the Ethereum network so prefer a different network for the options.

Yes, this is due to the density of transactions carried out by many people and also because the price of ethereum continues to soar higher. I think this is also very influential with gas costs or transaction fees that don't go down.
but for small traders, if you feel heavy with high gas costs, don't worry because there are many other methods that can be done to reduce the burden.

Every time the price of Ethereum goes up, the gas fee usually increases, perhaps because the Ethereum network is congested. I usually will be
patient waiting for the gas fee to drop, then I will make transactions on the Ethereum network. Or another alternative is to use BSC which is
proven to have a lower cost. So in the end, we ourselves have to decide which step to take, whatever our obstacles in the cryto world, there is
always a solution. Likewise with Ethereum gas fees that increase there is always a way we can take, the most important thing is that we don't panic
and stay calm in making decisions.

[TopTort777]

Every time the price of Ethereum goes up, the gas fee usually increases, perhaps because the Ethereum network is congested. I usually will be patient waiting for the gas fee to drop, then I will make transactions on the Ethereum network. Or another alternative is to use BSC which is proven to have a lower cost. So in the end, we ourselves have to decide which step to take, whatever our obstacles in the cryto world, there is always a solution. Likewise with Ethereum gas fees that increase there is always a way we can take, the most important thing is that we don't panic and stay calm in making decisions.

I think that the problem with Ethereum gas fees are in high price of Ethereum and slow and "old" blockchain. How much does a regular Ethereum transaction cost right now? About 0.001-0.002. If we take October 2020 price of Ethereum, transaction would cost 0.5-1 USD. But due to high price, it is 10 times more. People want expensive Ethereum and cheap transaction. That cant be like that.

You have mentioned an alternative - BSC. Its transaction fees are also growing. Quarter or two ago, transaction would cost about 20 cents. Today I have approved transactions that cost 57 cents. BNB is 8 times cheaper than ETH. When BNB would cost 3500+ USD like Ethereum, transactions in BSC network would cost 3-5 USD. That is not much cheaper than we pay for ETH right now.

[carlisle1]

Every price determines quality, that's what the ETH network is all about. if you feel heavy there are many alternative networks that are much cheaper. we just choose at this time which is according to our capacity.

Very well said, it's up to you now unless you have tokens that you needed to move and you don't have other option.

But if you are into investment and you can choose between ETH based asset to other alternative chain,
it's wise to use the other one while ETH still has this high required fee.

You are no longer stuck with ETH, BSC or other promising chain is now available. You can use it to continue your investment.

ETH network asks for too much if you are just a small trader, most of the time complaints ain't affect anything in terms of any changes
from the team.

[indo1]

ETH gas is very high during the emergence of the AMM market. An instant exchange market that uses gas costs as speed. It's actually very unfriendly, even though it looks like it's decentralized. High fees make many of us depressed. The core team must immediately fix this.

[mafoja1]

Ethereum's gas free is pretty much the same now I hope it will be much less soon but if it is then I will not use Arif Aryan because there is so much more I want to abandon it

[Anonymous100]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

Yes, transaction fees on the Ethereum blockchain are currently very high. This has been going on for several months. Maybe our problem when swapping for ERC20 tokens.
Estimated Transfer & Interaction Fees:
ERC20 Transfer: $36.69
Uniswap Swap: $112.90
Uniswap Add/Remove LP: $98.79
The current average transaction fee is: $11.85 Or with Gwei: 151 gwei
You just have to wait for Gwei to go low to be able to make transactions on the current Ethereum network.

[bhadz]

I have personally faced a lot of difficulties due to the high ETH gas fees. I have at least 100 tokens in my ETH wallet. But I can't lift these because of the high gas fee. If a token costs more than $ 100 I try to withdraw

It's not worth it if it's under that amount you've said. You have to be patient in waiting for the fees to be lower.
I won't also do any transfer until the fees drop to at least 50 gwei and I think that's acceptable for me.

[ameliana]

Just look at the Gwei gas that is given at the moment from 134 to 135 and if we make a transaction right now with the cheapest fee of 10$ of course the cost we will incur is very high, especially if we use the DEX platform then it will only make you emotional, so it's better You set the time to make the right deal by looking at lowly Gwei.