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Author Topic: Why ETH gas fee still unbearable?  (Read 7179 times)

Offline Chortezz

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Re: Mengapa biaya gas ETH masih tak tertahankan?
« Reply #60 on: December 22, 2020, 01:08:16 PM »
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.

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Re: Mengapa biaya gas ETH masih tak tertahankan?
« Reply #60 on: December 22, 2020, 01:08:16 PM »

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Re: Why ETH gas fee still unbearable?
« Reply #62 on: February 05, 2021, 08:58:23 AM »
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.

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Re: Mengapa biaya gas ETH masih tak tertahankan?
« Reply #63 on: February 05, 2021, 09:10:43 AM »
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.
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Re: Why ETH gas fee still unbearable?
« Reply #64 on: February 05, 2021, 10:11:46 AM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #65 on: February 05, 2021, 11:30:06 PM »
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
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Re: Why ETH gas fee still unbearable?
« Reply #66 on: February 06, 2021, 07:42:29 AM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #66 on: February 06, 2021, 07:42:29 AM »


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Re: Why ETH gas fee still unbearable?
« Reply #67 on: February 06, 2021, 10:28:59 AM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #68 on: February 06, 2021, 11:56:19 AM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #69 on: February 06, 2021, 03:24:33 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?
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.
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Re: Why ETH gas fee still unbearable?
« Reply #70 on: February 06, 2021, 03:39:00 PM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #71 on: February 06, 2021, 09:15:21 PM »
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.

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Re: Why ETH gas fee still unbearable?
« Reply #72 on: February 06, 2021, 11:01:41 PM »
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.

 

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