Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: smart_oa on December 02, 2020, 02:48:50 PM
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
We must also take into account the fact that in most cases, users of the erc20 platform themselves inflate the transaction value in order to be one of the first to get their transactions approved. At least Ethereum 2.0 should solve the scalability problem, and as a result, lower prices per transaction.
-
Actually, the cost of ETH gas is not always high, but we have to see that moment. If the Ethereum platform is transaction-heavy, it will inevitably be expensive because people will charge high prices so that their transactions are quickly confirmed.
Therefore, it's good if before we make a transaction we check Gas Costs first here https://etherscan.io/gastracker
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
I think the launch of eth 2.0 will not have an impact on ethereum gas fees, because ethereum gas fees are affected by the computation of the ethereum protocol, whereby if there are more transactions to be processed then the amount of gas fees will increase or decrease.
-
ETH price increases due to demand rising for DeFi projects investments and ETH staking and other demand, so I think ETH gas fees will not be reduced and higher in coming months.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
ETH 2.0 has three phases and it's only now on first phase which is named as BeaconChain. After finishing all of these three phase, we can see a major impact on transection/gas fess. Also we need to wait for sharding ( sharding is on phase two) to get lower gas fee which isn't launched yet.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
Yes, I see many people predicted Ethereum 2.0 launch will solve the gas issue, But I see the gas is still high. I think gas depends on trafic ,not Ethereum 2.0 release. I think we should wait and see the progress of Ethereum 2.0.
-
I think it will take much longer for this ETH Gas price to fall after the launch of Ethereum 2.0. Because if the price of ETH Gas continues to be high then this will make Ethereum lovers disappointed, of course Vittalik doesn't want this to happen.
-
Currently, gwei price is only about 2x, quite low compared to the previous time. However I think the current ETH network's transaction fees are still quite high with over $ 0.1 per transaction. We need a fee amount 10 times smaller than that to be reasonable.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
Of course, the price of ETH gas will fall, but not from the first day of Ethereum 2.0 launch. These improvements are multifaceted and broken down into a number of stages. They will only be fully completed within two years. Once, Buterin said that already at the first stage, the scalability of ethereum will increase to one thousand transactions per second, and at the last stage it will grow to several hundred thousand transactions per second. We need to wait a while.
-
I think the Gas Fee is based on the price of the coin. We know that for now Eth is priced at $ 590 which in the previous month was around $ 200 and at that time the Gas fee for Eth's transactions was very cheap. with the increase in price which causes the Gas Fee Eth to increase.
-
Many people are waiting for the change from ETH 2.0, at the moment I see that the price of gas has not decreased.
at least we'll have to look at the next few days to find out. Maybe all need a process
-
as I know ETH 2.0 focused to increase the transactions speed up to 100k tx per second. with my own opinion GAS fee ethereum now its normal with volume transaction all of erc20 tokens so big. we can see uniswap volume reached up to 600M only for 24 hours its not a small volume transaction..
(https://i.imgur.com/W5OxNYY.jpg)
it's not all of ERC20 transaction.. only Uniswap volume
-
Currently, gwei price is only about 2x, quite low compared to the previous time. However I think the current ETH network's transaction fees are still quite high with over $ 0.1 per transaction. We need a fee amount 10 times smaller than that to be reasonable.
I think $.1 is reasonable enough. This gas price might be too heavy to a country where such price has big exchange to their fiat. This is just my opinion.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
ETH 2.0 has three phases and it's only now on first phase which is named as BeaconChain. After finishing all of these three phase, we can see a major impact on transection/gas fess. Also we need to wait for sharding ( sharding is on phase two) to get lower gas fee which isn't launched yet.
Happy to note that. I am really expecting that there can be lowered and more acceptable level of gas fees as what we are experiencing right now can too much to stomach. In fact, I am considering the high fees to be a great insult to cryptocurrency itself. This is not supposed to be this way, and we the users should broadcast and spread this message so that people behind the Ethereum network can be inspired to really do everything they can for the sake of the ordinary people who are believing on them and the great potential of Ethereum 2.0.
-
That's right, many of you would expect Ethereum's gas fee to go down after Ethereum Two Point Zero lunch. It is hoped that this will be reduced in the next few days.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
I don't believe ethereum 2.0 will solve the gas issue. I think ethereum 2.0 will make deposit coming and change marketcap. Ethereum is still stronger now and really good for daily trading and hold for several months.
-
After the release of ethereum 2.0 I thought this would be a solution for the gas fee problem. However, until now there is still no difference. The gas fee was still so high and it was really starting to get very troubling.
-
After the launch of Ethereum 2.0, many hoped that gas fees would be greatly reduced. But it has not decreased yet. Hopefully the gas fee will go down in the future. The price of etherium has been rising since the Two Point Zero lunch.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
.
Keep calm mate, I think ethereum 2.0 will solve the gas problem, But I don't how can . Because I also see the gas is still high. maybe It was caused the traffic, So I think we should several week again. Maybe the gas issue will be solved.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
ETH 2.0 has three phases and it's only now on first phase which is named as BeaconChain. After finishing all of these three phase, we can see a major impact on transection/gas fess. Also we need to wait for sharding ( sharding is on phase two) to get lower gas fee which isn't launched yet.
This is right answer, beaconchain is live but technically 2.0 hasn't launched, hence no change in gas fee prices yet. Personally I refuse to pay more than 4.1 gwei per transaction, sô have left a transaction to buy ALTS in the mempool to clear when it clears, whether this month or next.
If you want to protest high gas fees, join everyone else in the mempool with 4 gwei transaction gas fees ;)
-
ETH gas fee depends on how many transaction are happening. As the transaction increases the gas fee also increases.
In ETH2.0 the #DevelopmentTeam made many changes to the blockchain to increase transaction speed and less the fee. But by now only the beacon chain is launched it is only the starting. It will take almost 2 years for full ETH2.0 to roll out. Then maybe the transaction fee will decrease.
-
Actually fro now, a gas fee of ETH has been decreasing compared to several months ago. In fact, the increase of the fee will depend on the crowd of the transaction in the network. So, is better to check and recheck the fee in the gas tracker before transferring.
-
DEX DeFi traders are faced with Ethereum's scaling cap. The growth of commissions reduced the trading volumes in October, November continued this trend. Due to high commissions, traders massively switch to CEX exchanges and if nothing changes, I think the outflow of traders from DEX will continue.
-
I really hope that after Ethereum 2.0, this gas fee will be resolved soon. However, until now there has been no change at all. Is it possible that if this gas fee remains the same, it will affect Ethereum prices going forward?
-
I really hope that after Ethereum 2.0, this gas fee will be resolved soon. However, until now there has been no change at all. Is it possible that if this gas fee remains the same, it will affect Ethereum prices going forward?
I guess opposite will happen. Everyone hoped that with Ethereum 2.0 release, fees would go down, but they did not. That means that Ethereum 2.0 brought nothing extraordinary, except staking. That not what peoples really wanted. They will become disappointed and the price would go down or at least wont grow if Bitcoin grows.
-
The increase in ETH gas fee has hurt many users. I think this change in the market has shaken the price a lot. The popularity has decreased a bit.
-
If I'm not mistaken, Ethereum 2.0's plans included a solution that would lower the cost of gas transactions on the Ethereum blockchain, but perhaps Ethereum developers are still working on this, so for now we need to wait and hope that the problem with gas will be resolved, but for now we need to wait for the best moments when the price of gas will be very low and only then we can make transactions.
-
Yes, Ethereum's gas is much more fee. Really the matter has become much more unbearable. If this continues, many crypto exchangers will stop paying for Ethereum from these projects. The number of tokens that some AirDrop gives to the users to exchange the tokens and give them fee with the withdraw all ends up only because of the high fee of this Ethereum. Everyone thought that Ethereum 2.0 release would reduce Ethereum's fee but it didn't happen.
-
I think that the price of gas over the past few months has grown due to the active launch of DEFI projects that load the ether network, but even now at certain moments the commission is reduced to 20-25 gwei
-
With this little knowledge of mine, it seems that ETH 2.0 won't have much of an impact on ETH. Maybe it will take some more time to read its effects.
-
With this little knowledge of mine, it seems that ETH 2.0 won't have much of an impact on ETH. Maybe it will take some more time to read its effects.
Yes, I see Ethereum 2.0 launch don't have good impact for Ethereum, Because I see the gas is still high. I hope the gas will decrease , many investors hope it too. But let's see at the next year,I hope will be better.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
Please check Ethereum gas tracker website bcs its too low transaction fees. I m currently sending 15 gwei transaction fees and it taking long at most 3 hours. I didn't face any problems until now.
-
The increase in ETH Gas prices was also caused by ourselves, we were the ones who set high gas prices so that our transactions would arrive first. And this is due to the density of people who are active on the Ethereum platform, but for now the price of Gas is quite low. I just checked!
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
We have to be patient, because it is their initial phase so at least we have to give them 5-6 month. Even price did not move up like it was previously hyped. So we have wait for their next phase. But trust me ETH 2.0 will be great for everyone of us.
-
ETH gas fees are making investors think again. But I believe that with Eth2.0 will help reduce fuel costs in the near future
-
Congratulations for today's GAS prices have fallen to our desired numbers. I believe that ETH 2.0 will satisfy all investors who are investing in Ethereum
-
Congratulations to the investors for not exceeding your expectations for today's gas savings adjusted. I feel very excited about my upcoming deals. ERC2.0 did not disappoint me
-
Gas fees have always annoyed investors as well as transactions on ETH recently. But in the present time, gas prices are cheaper again and promise to thrive in the near future
-
many peoples hopefull ethereum 2.0 can decreases gas fee. but when i read the main focus ethereum 2.0 nothing promises to decrease gas fees. they work hard to increase transaction speed.
-
Ethereum 2.0 will be completed in three Phases (Phase 0, Phase1 and Phase 2) which is needed a longer time started from 1st December 2020. Already Phase 0 (beacon chain) started. It will basically focus on Proof of Stakes (PoS) mechanism and the registry of validators. Phase 1 will start from 2021 which will upgrade Ethereum Blockchain's Scalibility. We have to wait at least Phase 0 and Phase 1 to be successfully competed. After this, we can expect faster transaction, low gas fees and so on facilities that we are expecting.
-
Gas fees have always annoyed investors as well as transactions on ETH recently. But in the present time, gas prices are cheaper again and promise to thrive in the near future
You should consider that the gas cost is still high depending on the time that the gas fee will be cheaper. I hope ETH fixes this as it is having a big impact on users
-
I noticed that when Ether's market value was low, their transaction fees were low.With the news of rising prices and improving the network, their fees began to rise.I think if the market value does not decrease, the transaction fee will remain the same.
-
Gas fees have always annoyed investors as well as transactions on ETH recently. But in the present time, gas prices are cheaper again and promise to thrive in the near future
I see gas prices have not returned to normal because current GAS prices are still high when I sell them at high prices and buy them at low prices. Are you bi like me or not
-
Until now, the gas fee issue has not yet been resolved. And I think that after the emergence of ethereum 2.0, the gas fee will soon recover and at an affordable price, you can buy retail again. However, until now there has been no change, the price of gas fees is still expensive.
-
I noticed that when Ether's market value was low, their transaction fees were low.With the news of rising prices and improving the network, their fees began to rise.I think if the market value does not decrease, the transaction fee will remain the same.
It doesn't depend on the rising of prices because it mostly depends on the usage of dapp which are running on the ethereum blockchain. For an example, if i need to make a transection/operation of a dapp on ethereum blockchain on fast gas fee, it may take more than 1 minute. But i need to confirm that within 10 seconds, so i'll try to use higher gas fee than the fast option. And majority of the users do the samething just like me, than it'll increase the gas fee because i'll use 50 gwei and other will try to use 55 gwei and another one will try to use 65 gwei. By this way, more and more people will start to incrase that gas fee and it'll automatically increase on the blockchain.
-
As in other articles and forums I have visited, the issue of high Gas costs because ETH2 is not fully working, it still takes a little longer.
The complete rollout of Eth2 will take several years. In the meantime, one existing technology—rollups— can help Ethereum scale and reduce gas costs in the immediate future. Rollups provide a means of bundling transactions off-chain and later submitting them to the main blockchain in batches7, which should enable Ethereum to support a 200-fold increase in transactions in the near term. This intermediate solution—known as Phase 1.5—also means developers don’t have to wait for Eth2 to use Dai and the Maker Protocol at scale in their dapps. (https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698)
Source: https://blog.makerdao.com/how-ethereum-2-0-will-address-gas-issues-and-enable-dai-and-defi-to-scale/
-
I also feel bad about this high ETH gas fee. We cannot choose the lower one and if we choose the lower gas, it will be a longer time confirmation. Additionally, the price is still as higher as the previous week.s I don't think it will be back to be normal after this Ethereum 2.0
-
ETH gas prices are high because of defi projects. There are many pending transactionsso this time cant say anything MAIN BE IT WILL GO down in few months.
-
ETH gas prices are high because of defi projects. There are many pending transactionsso this time cant say anything MAIN BE IT WILL GO down in few months.
Yes, I see . Ethereum gas is so high. But I hope after Ethereum 2.0 launched, the gas will go down. Almost all of cryptocurrencies have struggled now, It cause of market correction several times. Don't worry with this situation.
-
Yes, I see . Ethereum gas is so high. But I hope after Ethereum 2.0 launched, the gas will go down. Almost all of cryptocurrencies have struggled now, It cause of market correction several times. Don't worry with this situation.
As ethereum 2.0 is already launched and it's on Beacon Chain phase where we won't get any result of reducing gas fee. But in 2nd phase, sharding, we may see a major effect on the gas fee of each transections. As sharding will split ethereum blockchain into more sub blockchain with their own data and each shards can confirm more transections which will be increase the transection speed and decrease of network fees. Also, correction is needed to take off for a bullish rally, mate. Hope all of us grab more eth for the next ATH of it.
-
Until now, the gas fee issue has not yet been resolved. And I think that after the emergence of ethereum 2.0, the gas fee will soon recover and at an affordable price, you can buy retail again. However, until now there has been no change, the price of gas fees is still expensive.
Even if eth 2.0 is expected to also have effect on the high gas price it won't be immediately, it will take some time before things start taking effect, many were expecting to see a reduction in gas fee immediately the eth 2.0 is launched that is not the case yet,
For now we still have to endure the high gas fee till when things have started to take positive effect.
-
I think that there is a certain time when the fee gas is high and low. I have just already sent ERC20 and only needed around 24 gwei to make a fast withdrawal transaction. SO, it is better to check always the fee before transferring. It is in order to get a better amount of the fees
-
Even now gas fee is a big problem. Those of us who are bounty hunters are having trouble doing our transactions. So I think if it doesn't decrease in the future, we will suffer.
-
It is true that I was very confused too and it made me dizzy.
Just imagine when we want to send erc20 tokens, we have to pay 3-5 USD at the fastest speed.
I think the cost of sending these tokens is unreasonable because the cost cannot be covered by the token price itself if we only send a small amount.
-
I also feel bad about this high ETH gas fee. We cannot choose the lower one and if we choose the lower gas, it will be a longer time confirmation. Additionally, the price is still as higher as the previous week.s I don't think it will be back to be normal after this Ethereum 2.0
I feel that gas has returned to normal recently. no is attracting huge investors into ETH in the current paragraph. There are a lot of short-term people trading on ETH for a profit
-
I don't think it will decrease because Ethereum users are not decreasing but increasing.
The more transactions, the more people use Ethereum.
The more people who use Ethereum, the more expensive GAS is and this is what Ethereum miners want so that the rewards feel big and get rich easily. LOL
-
I don't think it will decrease because Ethereum users are not decreasing but increasing.
The more transactions, the more people use Ethereum.
The more people who use Ethereum, the more expensive GAS is and this is what Ethereum miners want so that the rewards feel big and get rich easily. LOL
We must learn to offer our own transaction fees that can be adjusted in our wallets. But nevertheless, one should not rely too much on cheap transactions, since the volume of transactions increases with the arrival of new users and new projects that use the platform.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
Exactly, gass fee is so high now. But Keep calm. I think after Ethereum 2.0 launched completely the gas problem will be solved. I see many investors have enthusiastic about this. So don't worry, let's see the Ethereum progress at next year.
-
-
Well there he is, man !
Indeed, it can be designed to make the transaction as small as possible, but we don't know when the transaction will be processed because usually the one with the highest GAS fee is the one who is processed first.
It is also possible that the Miners want to generate lots of Ethereum mining fast and leave it a little late which uses low fees.
-
The cost of ETH Gas is indeed very high at the moment because the Ethereum platform is busy with transactions, and this has disappointed many people. We recommend that we wait for the price of gas to fall before we make a transaction.
-
I think that's because many platforms use ethereum so it is certain to make transactions very busy and will make the transaction process slow, ethereum 2.0 also has no effect because the costs are still expensive.
-
I think that's because many platforms use ethereum so it is certain to make transactions very busy and will make the transaction process slow, ethereum 2.0 also has no effect because the costs are still expensive.
Transaction fees on the ethereum network should decrease significantly in the later stages of Ethereum 2.0 adoption. These improvements are designed to last for about two years. Although this issue and the issue of growing scalability of ethereum worries a lot, so far I have not seen any time frame for when this should happen. We just need to wait a little longer.
-
The cost of ETH Gas is indeed very high at the moment because the Ethereum platform is busy with transactions, and this has disappointed many people. We recommend that we wait for the price of gas to fall before we make a transaction.
The market is good position that affect the shitcoins to increase. Therefore the withdraw transaction is getting to a massive demand that will become congested. Even you withdraw small amount the gas fee will not adjust. The price of Ethereum increase and also the gas fee of Eth. Think before do transaction. If not really important better to wait for low gas fee.
-
I think that's because many platforms use ethereum so it is certain to make transactions very busy and will make the transaction process slow, ethereum 2.0 also has no effect because the costs are still expensive.
Transaction fees on the ethereum network should decrease significantly in the later stages of Ethereum 2.0 adoption. These improvements are designed to last for about two years. Although this issue and the issue of growing scalability of ethereum worries a lot, so far I have not seen any time frame for when this should happen. We just need to wait a little longer.
After DeFi emerged, Ethereum gas fees become higher from 5-20 gwei to once 500 gwei. Now to make a single transaction needs $8-$10 and sometime it claims even more than $50 which is ridicules but we don't have to do.
Ethereum 2.0 already started launch and to make final results, we have to wait even one year. Now old version works for measuring gas fee, new version will work after full completion. Then transaction cost will reduce.
-
You are right, the gas fee of ETH or ERC20 is so damn high. The fee touches more than 200 gwei, this is very high as long as I use the ERC20 tokens. And because of this many tokens are still not been able to transfer because of the high fees. still waiting for the next decreasing fee
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
Alright guy, we all waited for launching of Ethereum 2.0 plafrorm for which that it may reduce Ethereum exessive network fees but Ethereum 2.0 already launched but Ethereum network remaining unchanged and still increasing.
-
Ethereum's gas fees are really high and troublesome. Ethereum's gas fee is based on the number of transactions. After the release of Ethereum 2.0, I thought the gas fee would go down a lot. But it has not yet been utilized in the Ethereum blockchain. Hopefully this problem will be solved in the future.
-
I think that's because many platforms use ethereum so it is certain to make transactions very busy and will make the transaction process slow, ethereum 2.0 also has no effect because the costs are still expensive.
I think Ethereum take advantage the current market condition where we can see the bullish presence is in there. It means the more the bullish market is the more the transactions will be made. In short the more demands the higher the gas fee for faster transaction.
-
Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?
These days the gas fees is incredibly high, making it impossible for people carry out transactions with Ethereum, and also eth is pumping so we won't any low gas fee anytime soon, and I think the gas fees are still high because eth 2.0 isn't fully operational yet, but once it's fully operational we are expected to see lower gas fees compared to now.
-
I think that's because many platforms use ethereum so it is certain to make transactions very busy and will make the transaction process slow, ethereum 2.0 also has no effect because the costs are still expensive.
Transaction fees on the ethereum network should decrease significantly in the later stages of Ethereum 2.0 adoption. These improvements are designed to last for about two years. Although this issue and the issue of growing scalability of ethereum worries a lot, so far I have not seen any time frame for when this should happen. We just need to wait a little longer.
After DeFi emerged, Ethereum gas fees become higher from 5-20 gwei to once 500 gwei. Now to make a single transaction needs $8-$10 and sometime it claims even more than $50 which is ridicules but we don't have to do.
Ethereum 2.0 already started launch and to make final results, we have to wait even one year. Now old version works for measuring gas fee, new version will work after full completion. Then transaction cost will reduce.
Yea, you are right that after Ethereum 2.0 adoption gas fee will be down but as we are small investor or trader we can not wait for it. Our investment is low and transaction also so if we left all our investment into gas fee then what would be? I think ETH team should follow about this matter so that we can get relax.
-
Ridiculously unbearable to say the list, is it that till now vitalik is not aware of the situation of the eth high gas fee or they haven't come around a solution to it, because surely they can't keep still why high gas fee is burning hole in people's pocket.
-
ETH 2.0 won't suddenly drop the current gas fee, especially in this bullish season. There are too many transactions happening every minute, so it is normal if the gas fee becomes higher. But the gas fee can drop after the correction start to happen. Many people stop buy-sell, so the transaction isn't as many as before and the gas fee declines.