Is it cheaper to send Bitcoin or Ethereum directly?

[Fundamentals Of]

I expected Gas fees to go below $0.10 when they switched to POS but it seems Bitcoin's POW is still better in sending single transactions. It's still probably cheaper when you send in batch on both networks.

Why did you expect that when the switch from PoW to PoS doesn't have anything to do with gas fees? The switch was not to address gas fees.

That's one of the myths of the Merge. Some are criticizing the upgrade because the gas fees didn't go down. Why should it go down when it wasn't even addressed with the Merge?

POW to POS conversion does not refer to reducing gas fees, simply helping ETH deflate and reduce energy consumption. while the gas fee reduction will be improved in other upgrades in the future, I remember the sharding upgrade will help ETH solve the gas fee issue. Many people confused and criticized the update but that's because they didn't learn about the eth upgrade.

That's what I also read. Actually there is is this misconception that the Merge was everything there is for Ethereum's upgrade or that it was the most important or the biggest part. The truth is that the Merge is just one among many major upgrades. This misconception is probably the main reason why many are criticizing Ethereum for having done with the Merge upgrade yet remains to have high gas fees. Upgrades relating to scalability and overall capacity have yet to be implemented. Sharding will probably take place next year or the year that follows.

[Yogee]

I expected Gas fees to go below $0.10 when they switched to POS but it seems Bitcoin's POW is still better in sending single transactions. It's still probably cheaper when you send in batch on both networks.

Why did you expect that when the switch from PoW to PoS doesn't have anything to do with gas fees? The switch was not to address gas fees.

That's one of the myths of the Merge. Some are criticizing the upgrade because the gas fees didn't go down. Why should it go down when it wasn't even addressed with the Merge?

POW to POS conversion does not refer to reducing gas fees, simply helping ETH deflate and reduce energy consumption. while the gas fee reduction will be improved in other upgrades in the future, I remember the sharding upgrade will help ETH solve the gas fee issue. Many people confused and criticized the update but that's because they didn't learn about the eth upgrade.

That's what I also read. Actually there is is this misconception that the Merge was everything there is for Ethereum's upgrade or that it was the most important or the biggest part. The truth is that the Merge is just one among many major upgrades. This misconception is probably the main reason why many are criticizing Ethereum for having done with the Merge upgrade yet remains to have high gas fees. Upgrades relating to scalability and overall capacity have yet to be implemented. Sharding will probably take place next year or the year that follows.

One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.

[LegendaryK]

Are you trying to say that ethereum has more adoption than bitcoin?

Yep.  

Bitcoin won by marketcap.            Higher Marketcap is not greater adoption.

Bitcoin won by google search.       N/A

Bitcoin won by country adoption.  Useless Metric when no increase in Transactions Volume

Why does Ethereum have Greater Adoption.

Simple : Ethereum has around 4X the Onchain Transaction Volume as Bitcoin transactions Daily.
Where it actually matters, Ethereum has 4X the adoption in Transactions Usage.  

[pooya87]

One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.

It is worth knowing that Vitalik was once saying that "Ethereum fees will never surpass 5 cents". Now they have forced a hard fork on this shitcoin that mostly benefit them (since they hold 72 million premined ethers) and fooled people into thinking this helps the network.

Where it actually matters, Ethereum has 4X the adoption in Transactions Usage. 

haha somebody is bagholding this shitcoin

[bitmover]

Simple : Ethereum has around 4X the Onchain Transaction Volume as Bitcoin transactions Daily.
Where it actually matters, Ethereum has 4X the adoption in Transactions Usage.  

This is not adoption. This is basically fake volume.

People sending pyramids schemes token back and forward trying to make some money or just inflate the network.
Or whatever. This is not adoption.

Go on the street and ask random people at supermarket, office etc what is bitcoin and what is ethereum. This is adoption.

Take a picture of an ethereum atm  

[Haunebu]

Observed so many fools in this thread who actually believe that ETH is actually better than BTC in terms of adoption, fees etc when the reverse is true. BTC will always remain king in my opinion.

ETH TX fees and times have definitely decreased in recent times, but they are still way higher when compared to BTC TX times and fees.

For example, I sent a BTC TX recently from a site to one of my wallets which was processed within 10-15 minutes and the fees were pretty much negligible.

[Tony116]

..

One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.

Looks like you're not a fan of ethereum so you didn't get all that info, basically this POS upgrade is considered the biggest ever but it is just a stepping stone for ETH to adopt larger upgrades in the future. Honestly, I don't know when the ETH roadmap is actually 100% complete, probably never will. Recently Vitalik also announced other ETH upgrades in the future. ETH's biggest problem right now is not gas fees but its concentration, hopefully Vitalik will have a solution for this.

[0t3p0t]

According to https://mempool.space Bitcoin mempool is practically empty right now. This means that all transactions, even with the lowest transaction fee of 1 sat/vB, will be confirmed in the next block.

In other words, the most basic segwit transaction with a single input and a single output will cost you about $0.03 at the current bitcoin rate.

This really is cheap compared to Eth. I think there is something worth waiting in the future from these Coins when it comes to fees. Updates will surely fix fee issues soon if it is really not enough for some Bitcoin and Ethereum users as devs will always find ways to make transaction smooth and convienient. I don't usually trade and transact that is why I am not affected with this.

[justdimin]

One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.

There is "some" scalability in the sense that we could maybe have more or less in ETH transaction depending on the period we are comparing. Right not, it might be seeming like a little bit better but in the long run it is not really that much better, it's close enough.

It was always about the fact that we would have something that will pass the all "late" transactions, and then start anew, and then we would be able to pay a little less, like a bulk order, and afterwards it would all go back to normal like how it was a year ago. Bitcoin is better thanks to segwit right now and I believe in near future devs will come out with an improved version of segwit which may solve scalability issue permanently.

[EdgeoftheContinent]

Sending bitcoin at 1 sat/vb is very inexpensive something like 3 or 4 cents. If the person was trying to send from a centralized exchange they would have no ability to set the fee and they would need to pay the withdraw fee which is fixed by the exchange. In my experience sending Eth has always cost more

[Fundamentals Of]

I expected Gas fees to go below $0.10 when they switched to POS but it seems Bitcoin's POW is still better in sending single transactions. It's still probably cheaper when you send in batch on both networks.

Why did you expect that when the switch from PoW to PoS doesn't have anything to do with gas fees? The switch was not to address gas fees.

That's one of the myths of the Merge. Some are criticizing the upgrade because the gas fees didn't go down. Why should it go down when it wasn't even addressed with the Merge?

POW to POS conversion does not refer to reducing gas fees, simply helping ETH deflate and reduce energy consumption. while the gas fee reduction will be improved in other upgrades in the future, I remember the sharding upgrade will help ETH solve the gas fee issue. Many people confused and criticized the update but that's because they didn't learn about the eth upgrade.

That's what I also read. Actually there is is this misconception that the Merge was everything there is for Ethereum's upgrade or that it was the most important or the biggest part. The truth is that the Merge is just one among many major upgrades. This misconception is probably the main reason why many are criticizing Ethereum for having done with the Merge upgrade yet remains to have high gas fees. Upgrades relating to scalability and overall capacity have yet to be implemented. Sharding will probably take place next year or the year that follows.

One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.

That's definitely one of the reasons why this misunderstanding spread out very quickly. It really was made to look like the recent Merge is the silver bullet for all of Ethereum's problems. Of course it wasn't but then all the excitement, the hype, and the anticipation surrounding the Merge blurred the real deal of the upgrade to the point that myths were more popular than the truth. Then the upgrade happened and people are somewhat disappointed that what they were expecting didn't take place. It was all because they're expecting the wrong thing.

[Plaguedeath]

Looks like you're not a fan of ethereum so you didn't get all that info, basically this POS upgrade is considered the biggest ever but it is just a stepping stone for ETH to adopt larger upgrades in the future. Honestly, I don't know when the ETH roadmap is actually 100% complete, probably never will. Recently Vitalik also announced other ETH upgrades in the future. ETH's biggest problem right now is not gas fees but its concentration, hopefully Vitalik will have a solution for this.

There's many news has been talk about ETH merge many times until now, but there's no progress at all and still Ethereum can't fix their expensive fees. I think Vitalik Butterin already enjoy to hold most of Ethereum and many people still using this token, so he doesn't care with the merge development. It just add more work for him, so he will just wait until there's really need for improvement e.g. when less people using ETH, this merge will want to attract them back.

[pooya87]

There is "some" scalability in the sense that we could maybe have more or less in ETH transaction depending on the period we are comparing. Right not, it might be seeming like a little bit better but in the long run it is not really that much better, it's close enough.

I can't tell if it added any scalability whatsoever but generally speaking centralization always brings higher scaling with itself. For example PayPal which is a centralized payment network is a lot more scalable than any of the cryptocurrencies. So when ETH moves more in the direction of centralization it could be understandable for it to also gain a little bit of scaling, although I don't see that yet.

[DanWalker]

That's definitely one of the reasons why this misunderstanding spread out very quickly. It really was made to look like the recent Merge is the silver bullet for all of Ethereum's problems. Of course it wasn't but then all the excitement, the hype, and the anticipation surrounding the Merge blurred the real deal of the upgrade to the point that myths were more popular than the truth. Then the upgrade happened and people are somewhat disappointed that what they were expecting didn't take place. It was all because they're expecting the wrong thing.

What you say is what's happening, people are mostly just focusing on price too much and just waiting for the upgrade to be able to sell at a high price, people barely care what the upgrade will solve and how it will impact the ETH ecosystem. If we try to capture everything, we will not be disappointed.

It can be said that today, new investors entering the market only care about profits and will leave the project when it is profitable. This also worries developers and they also have the same thought, it is better to dump before investors dump, leading to a series of just-for-profit projects and rug pull afterwards.

[Tony116]

Looks like you're not a fan of ethereum so you didn't get all that info, basically this POS upgrade is considered the biggest ever but it is just a stepping stone for ETH to adopt larger upgrades in the future. Honestly, I don't know when the ETH roadmap is actually 100% complete, probably never will. Recently Vitalik also announced other ETH upgrades in the future. ETH's biggest problem right now is not gas fees but its concentration, hopefully Vitalik will have a solution for this.

There's many news has been talk about ETH merge many times until now, but there's no progress at all and still Ethereum can't fix their expensive fees. I think Vitalik Butterin already enjoy to hold most of Ethereum and many people still using this token, so he doesn't care with the merge development. It just add more work for him, so he will just wait until there's really need for improvement e.g. when less people using ETH, this merge will want to attract them back.

What makes you think that Vitalik does nothing? it's like he's killing his own child, once users have left your project meaning they have lost trust in the project there is no reason for them to come back. As many have said the merger is just to help ETH use less energy and deflate. The gas fee reduction will be resolved in the next year's upgrades, but many traders also said that the gas fee has also been reduced somewhat and is no longer as expensive as before.