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Author Topic: When will ETH Fees drop? (ETH v2 etc.)  (Read 267 times)
Get-Paid.com (OP)
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November 29, 2021, 07:45:59 AM
 #1

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?

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November 29, 2021, 07:54:14 AM
 #2

Eth2 is the proposed solution of the current eth problems in many ways including of having more transactions processed per second (/block?) which will lead the reducing of fees.

Well, can't say more yet, not until it is implemented.
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November 29, 2021, 07:55:29 AM
 #3

We all thought the ethereum fee will reduce last year when ethereum 2.0 was introduced but it was another way, there was nothing different about the gas fee till today. Later we heard it will be a long time process. Vitalik buterin and his crew are having more plans to reduce the ethereum fee, but as busy the ethereum network is, I think there will not be that significant fee reduction. To have low fee, it can require more time and also making use of weekend when the fee is reduce than during weekdays.

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November 29, 2021, 07:57:56 AM
 #4

We all thought the ethereum fee will reduce last year when ethereum 2.0 was introduced but it was another way, there was nothing different about the gas fee till today. Later we heard it will be a long time process. Vitalik buterin and his crew are having more plans to reduce the ethereum fee, but as busy the ethereum network is, I think there will not be that significant fee reduction. To have low fee, it can require more time and also making use of weekend when the fee is reduce than during weekdays.

Thank you.

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November 29, 2021, 08:42:56 AM
Last edit: November 29, 2021, 08:54:01 AM by Jontokhan65
 #5

As far as I know Etherium dumping will reduce Ethereum free. Because etherium is being pumped and growing for free. So when it comes to etherium dumping, the free will decrease.
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November 29, 2021, 09:07:09 AM
 #6

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?

I"m not sure but never see any lights out from it. And besides,  we already have another option now and that is not to use ETH if we want to save huge fees. I know that we all are hoping to see some light out of the tunnel but to see it was very unfortunate this time. In fact, Vitalik Butterin was not new to the issue, and somehow, he never address this, and no solution he ever made. He just let this thing be made and all ETH users and traders suffered.

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November 29, 2021, 09:10:33 AM
 #7

If I'm not mistaken, Ethereum is upgrading to v2 in several different releases. They've done one thus far (I think) and still have a few more to go. Once the Ethereum 2 upgrade is complete I think gas prices will go down some. That was one of the main selling points behind Ethereum 2.0 I believe. Sadly, now we're starting to see higher gas prices move to other blockchains as well, like BSC.

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November 29, 2021, 02:01:59 PM
 #8

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?


from what I see there is no progress there will be a decrease in fee fees even though eth is version 2.0
and I'm also not sure it will change anytime soon
I don't know how long the fee will be expensive like this, I can't even make a decision and issue a detailed opinion about the eth fee

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November 29, 2021, 02:08:12 PM
 #9

It's been a while since we've been expecting the implementation of the ETH v2, but I really don't know how much longer it would take. The transaction fee on ethereum has been on the rise and the developers are yet to find a way to get the issue resolved. Many blockchains are been launched and several are leaving the ethereum blockchain to more user friendly platforms and this could affect the number of users of eth.
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November 29, 2021, 03:39:57 PM
 #10

Many thought that the transition of projects to an alternative blockchain would solve this problem, but as we see the result is the same at the moment.The network is still not overloaded and you have to catch the moment to send your tokens, it's already pretty tired.

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November 29, 2021, 03:56:11 PM
 #11

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?

Eth 2.0 is on its way pal. It will not be deployed immediately but it will be in phases. The proposed upgrades will include the additional tps ( transaction per second) for Eth blockchain added by the change in consensus mechanism. From proof of work to proof of stake.

Ethereum 2.0 upgrade will really change this high fees caused by congestion in the blockchain. I expect that its price would plummet from here specially that EIP 1559 burn mechanism is really active.
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November 29, 2021, 10:26:39 PM
 #12

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
We don't have any estimation about when eth fees are going to drop coz it will never drop. The last update was making ethereum gas fees will never drop again. The limitation was the very bad update that happened in ethereum 2.0
Ethereum burns like crazy but we must paid more fees to make it happen and that's it. You will never see ethereum fees to drop again to the bottom.


Do you see any light in the end of the tunnel?
I don't even see any light in the end of tunnel. We must waiting for the implementation for ethereum 2.0 which will be done next year but im not sure about how it can fix scalability problem in ethereum.
The fact that last update in ethereum blockchain was making the blockchain even worst caused by the transaction fees never go down and it's always worth two digits.

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November 30, 2021, 01:35:16 AM
 #13

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
We don't have any estimation about when eth fees are going to drop coz it will never drop. The last update was making ethereum gas fees will never drop again. The limitation was the very bad update that happened in ethereum 2.0
Ethereum burns like crazy but we must paid more fees to make it happen and that's it. You will never see ethereum fees to drop again to the bottom.


Do you see any light in the end of the tunnel?
I don't even see any light in the end of tunnel. We must waiting for the implementation for ethereum 2.0 which will be done next year but im not sure about how it can fix scalability problem in ethereum.
The fact that last update in ethereum blockchain was making the blockchain even worst caused by the transaction fees never go down and it's always worth two digits.
I don't know when the ETH fee can drop back to its normal price and every transaction is only $1, I can send coins to the market or I can sell them directly on forkdelta, I still have a balance in forkdelta and want to withdraw only the eth fee is very high at this time have to wait even one more months the fee is still high and has never dropped to the normal price.

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November 30, 2021, 01:37:50 AM
 #14

It will, of course, it is the goal. Scalability.
With the rise of layer 2 and other layers 1 smart contract platforms that can be used for alternatives of Ethereum, they are likely helping the Ethereum to scale but the user could also decrease on Ethereum.
But I believe once this scalability issue is fixed on Ethereum, I will not be surprised how much volume or users will pour in on the Ethereum network.
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November 30, 2021, 02:35:29 AM
 #15

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?

I have not thought about whether the price of ETH gas can be as low as it used to be. Because I've heard many times that gas will drop at ETH 2.0 after this update and that but the result is gas is still expensive.

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November 30, 2021, 06:32:16 AM
 #16

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?


Since there are only a handful of people talking about it, they won't take an action as soon as possible even though the problem has been there since the network has reached its most successful time ever. The fees right now are unreasonable and there are some NFT games using their network as well which doesn't a really a good time if you decide to play right now. As for the others who are making big transactions, then this is nothing to them and they are willing to pay huge fees for gas just to rush their transactions.

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November 30, 2021, 06:48:17 AM
 #17

I think things like this now will just be a prolonged speculation Cheesy
Because indeed something like this might even be difficult to happen, ETH 2.0 is now predicted to make gas cheaper but so far there has been no sign of that.

ETH may be like now until whenever eth gas will continue to be expensive and it is very difficult to get them to lower the gas they have

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passwordnow
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November 30, 2021, 10:18:19 AM
 #18

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
No estimation and expectation when the fees will drop. But I'm hoping that there will be the time that it will fall for which we can transact eth and erc20 token as much as we can at any time we want.

Do you see any light in the end of the tunnel?
Yes. It's just a matter of time. Before the fork, the fee wasn't that high so if they do something the same before the upgrade, there would be the end for this expensive fee.

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November 30, 2021, 10:36:20 AM
 #19

We all thought the ethereum fee will reduce last year when ethereum 2.0 was introduced but it was another way, there was nothing different about the gas fee till today. Later we heard it will be a long time process. Vitalik buterin and his crew are having more plans to reduce the ethereum fee, but as busy the ethereum network is, I think there will not be that significant fee reduction. To have low fee, it can require more time and also making use of weekend when the fee is reduce than during weekdays.
it seems that expecting low fees for ethereum is still quite difficult for now. Many people hope that ETH 2.0 will bring major changes to ethereum that can make the fees cheaper than other coins. however, I also feel that currently the transactions of tokens on the ethereum platform are very large. I think reducing fees will take a long time. it's just that, if this continues, I think ethereum users or coins on the ethereum platform will decrease, and many users will use BSC as an alternative, or even replace ethereum in the future.

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meanwords
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November 30, 2021, 11:07:26 AM
 #20

Do you guys have any estimate when the ETH Fees are going to drop? It's been so long those fees have been as high as mountains.
Do you see any light in the end of the tunnel?


The only hope we can see right now is for version 2 to come. Even I limited my usage of ETH from 1 to none because of the absurd fee it is throwing at us. I've noticed that a lot of users are already migrating to Binance which is why Binance is also having an increase in gas fee.
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