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Author Topic: ETH gas fees are a joke.  (Read 1167 times)
Teraboy
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May 12, 2023, 11:33:03 PM
 #181

Now most of the project deployed in the multi chain so i think small traders have another option to buy/sell, specially i don’t use Etherum when it’s gas fees is crazy.  BSC can be good option for the small traders, i am using this network after i left from Eth network. I will never back in eth until it’s gas fees will decrease.
most but not all, even the newer trending coins rarely deployed multi chain, I think ethereum still needed for someone that seeking an opportunity, even though the gas fee is too high but there's nothing we can do if we gonna find some gems like some meme coins that gonna rise.
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 13, 2023, 11:49:03 AM
 #182

Since then, the cost of ETH gas has been very expensive, so many people have switched to BSC or polygon. So far there is no way to reduce ETH gas costs from metamask because gas costs on metamask are automatic so they can change in an instant. Maybe one of the ways that you can transfer USDT with low gas costs, you can migrate to the BSC or polygon network.
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May 13, 2023, 11:54:44 AM
 #183

Since then, the cost of ETH gas has been very expensive, so many people have switched to BSC or polygon. So far there is no way to reduce ETH gas costs from metamask because gas costs on metamask are automatic so they can change in an instant. Maybe one of the ways that you can transfer USDT with low gas costs, you can migrate to the BSC or polygon network.
That has really been a problem for the Ethereum network. Before, I used to gamble using ETH and USDT on the ETH network. However, when the gas fees became unaffordable for most gamblers, I switched to USDT TRC20. It's very affordable, and the confirmations are instant. I no longer follow ETH since I have withdrawn my investment and sold it for USDT. However, I'm interested to know what they would do to make micro-transactions possible in the future.

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May 13, 2023, 07:58:20 PM
 #184

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

This problem has often occurred on the ethereum network with very high transaction fees, making people who want to make transactions in small amounts an obstacle so that many people have to wait for transaction fees to drop again. and in my opinion there is no effort to reduce transaction costs that have been determined by the network. if you insist on lowering it then your transaction will experience delays and has failed.

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May 13, 2023, 08:33:47 PM
 #185

This problem has often occurred on the ethereum network with very high transaction fees, making people who want to make transactions in small amounts an obstacle so that many people have to wait for transaction fees to drop again. and in my opinion there is no effort to reduce transaction costs that have been determined by the network. if you insist on lowering it then your transaction will experience delays and has failed.
We have to wait for the normal transaction fees in a few days because when the price decreases there is an impact the transaction will be dense from the traders panic but we have now another alternative network option to withdraw the token from the exchange but if the asset is from the ETH network wallet then there is no other option but to wait for the transaction fee will be normal.

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May 13, 2023, 10:50:50 PM
 #186

Since then, the cost of ETH gas has been very expensive, so many people have switched to BSC or polygon. So far there is no way to reduce ETH gas costs from metamask because gas costs on metamask are automatic so they can change in an instant. Maybe one of the ways that you can transfer USDT with low gas costs, you can migrate to the BSC or polygon network.
migrating is one way to solve the problem with ethereum but generally one couldn't really fully migrate over to the other blockchain.
the reason being, the other blockchain have different ecosystem and by different is like really different, even ethereum and bsc have masive difference ecosystem and the token deployed is quite different, meaning that sometime you have no choice but keep using ethereum, maybe layer 2 is better solution than just instead having some drastic effort of migrating over to other blockchain like polygon,it's a lot similar with ethereum too, even it used ethereum as a gas fee in which other blockchain isn't doing, but the implication sometimes, the fee usually also follow ethereum despite only portion of it.

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May 14, 2023, 10:45:18 AM
 #187

It’s very frustrating but meme coin season peaked & seems to be phasing out. The issue with bitcoin fees due to ordinals & BRC20 spam has also seemingly peaked.

We should see gas fees really plummet soon. I hope to see them slashed to at least 50% of what they currently are in the coming months.

There are a lot of worthless "meme" coins on both Ethereum and Bitcoin blockchains (especially ETH). How can we expect gas fees to decline when the network is being flooded with "meme" coins like crazy? Either developers scale the Blockchain by introducing network upgrades, or everyone moves to off-chain (L2) scaling solutions altogether. The hype won't last forever, so there's hope fees will get cheaper soon.

If you're in a hurry, you can use an L2 scaling solution such as Arbitrum or Optimism to save big on gas fees. Or you can use an alternative Blockchain network such as BNB or TRX for complete peace of mind. It would be a "miracle" if Vitalik Buterin and his team manage to solve the "Blockchain Trilemma". That would make ETH the best solution for everything. Good things take time to build, so I have no hurry to see this happen anytime soon. Just my thoughts Grin

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May 22, 2023, 08:23:43 PM
 #188

As far i know, metamask allows to edit your transaction fee but i Don't recommend that. Cause durning high network activity, it may takes a day to compete transaction. Thats why its better to have fund on exchangers so that you can convert anything without giving fee or use bsc network for transactions.  But 9$ is a pretty fair amount if you remember those days when ether needs 100$-250$ per transactions durning high network activity.

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May 23, 2023, 07:53:12 AM
 #189

ETH fees are huge indeed. I was using TRX instead of it, but its fees are becoming worse too. LTC is a good option with low fees and fast transactions, but it doesn't have tokens on its blockchain.

ETH gas fees are a joke but a reality. I've also tried it too. But if the context is in the ETH network we definitely have other ways to get out of that situation for example we can process the transaction when the Ethereum network traffic is low, like in the middle of the night or during a period of inactivity and one of the other options is to set the gas price level for example if someone made a transaction using Trust Wallet at the end of the command before entering the requested written amount, Yeah. Just edit and than Enter.

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May 23, 2023, 08:15:41 AM
 #190

some time ago Ethereum Gas Fees had dropped to $ 1, and there were lots of transactions and made the network very slow,
this is proof that Ethereum really can't provide the best now even though Ethereum 2.0 has been completed but in reality it is still expensive for Fees,
this is clearly a a loss because we know that Ethereum still has a lot of users, and I miss the old Ethereum because of the cheap Gas Fee.
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May 23, 2023, 08:38:09 AM
 #191

I used to like doing transactions with ETH GAS Fees. The fees were very cheap but now they are very expensive for small transactions. Now I prefer to make transactions in BNB or Polygon. I prefer BNB for its fast and easy transactions. Yes, for me ETH GAS Fees at this time is a joke that must be found a solution.

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May 23, 2023, 10:13:13 AM
 #192

Last week was unbearable for me. Had some Eth, Matic on eth network. Wanted to move like 60-110 bucks at most. Gas fee’s was literally from $23-58 depending on time and day. Had to stay up late until 2 am one day and tried finally saw like $9 lowest fee.

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May 23, 2023, 10:17:06 AM
 #193

it's been a long time since Gas Fees on Ethereum are very expensive and very joking,
I'm really surprised even though Ethereum has also gone through many big events like Ethereum 2.0 and Ethereum Shanghai,
but they really can't make Gas smaller, I really disappointed.


I understand your frustration with high gas fees on the Ethereum network. Gas fees have indeed been a persistent issue on Ethereum, especially during periods of high network activity. Ethereum has experienced significant growth and adoption, which has resulted in increased demand for block space and higher fees.

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May 23, 2023, 10:35:07 AM
 #194

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

when the network is high that will happen,please note that while adjusting gas fees or exploring alternative wallets may help reduce transaction costs, they are subject to the current state of the Ethereum network and market conditions. It's always recommended to research and evaluate the specifics of the wallet or service you choose to use to ensure they meet your needs and align with your security requirements.

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NotATether (OP)
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May 23, 2023, 10:37:11 AM
 #195

Locking this thread as it has become a bee's nest for AI-generated robot replies. Thanks but I don't need ChatGPT to figure out that crypto fees are becoming a sad story.

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.BLACKJACK ♠ FUN.
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CRYPTO CASINO &
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