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Author Topic: Ways to reduce Ethereum's gas fee  (Read 11863 times)

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Ways to reduce Ethereum's gas fee
« on: June 14, 2021, 07:01:38 AM »
Those of us who are Airdrop and Bounty Hunter have a lot of tokens in our wallets that we can't exchange for a fee. Yesterday I could not even make a deposit in a token exchange because of the fee. The token cost 20, but when I went to send it, the Etherium gas fee was over 35.  Due to which it was not sent.  Later I was waiting to see when the Ethereum gas fee could be reduced.
 Later I figured out a way out of it.  I am sharing it with you.  I hope you will come in handy.

 Those of you who have a token in MyEtherWallet but can't send it for a fee.  They will try to send tokens between 2pm and 8am.  Because, then the transaction of Etherium is much less and the pressure on Etherium blockchain is less.  Because of that gwei is also much less.  Because of that, there are other times of the day where the fee is more than 30 to  40.  Tokens can be sent there during this time (2pm to 8am) for a fee of  4 to 5.
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Ways to reduce Ethereum's gas fee
« on: June 14, 2021, 07:01:38 AM »

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Offline Delgboke

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Re: Ways to reduce Ethereum's gas fee
« Reply #1 on: June 14, 2021, 11:48:23 AM »
You can probably wait for the Eth gas fees to go down before you can send your token if you don't have enough fund on your Eth wallet to send your token to exchange in order to be able to sell, like most of us that already have some of our token on eth wallet you can wait may the gas fees on gewi to reduce to what is in your Eth wallet before it can successfully go through.
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Re: Ways to reduce Ethereum's gas fee
« Reply #2 on: June 14, 2021, 05:49:49 PM »
I don't have solution about this but many bounty hunter try use FTX to send more eth into myetherwallet for successful transactions. Second thing is join bounty or airdrop that already have wallet ( not use MEW ), so we can reduce by use another network. Keep wait is the best we can do but there's risk eth will rise again and 2.0 not release, nightmare for all of us.

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Re: Ways to reduce Ethereum's gas fee
« Reply #3 on: June 18, 2021, 12:42:19 PM »
After GMT 00:00, Gas fees become relatively lower than last few hours. This time the number of transactions decreases, so the gas also decreases. If you follow this rules, you can send ETH and ERC20 tokens with lower fees. Basically the day, when any IDO site has new IDO participation, it increases gas fees due to gas war among the participants but later fees decrease.

Offline Triedboy

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Re: Ways to reduce Ethereum's gas fee
« Reply #4 on: June 19, 2021, 05:40:18 AM »
After a lot of impact on Ethereum Price due to Ethereum's high transaction fees. At present, Ethereum's transaction fees have come down to investors and Ethereum has increased. Bounty hunters in particular have benefited the most because the amount of protein available by bounty or airdrop would have been higher than the transaction fee. But now that the transaction fee has come down, Bounty Hunters have benefited. But Etherium Price has risen as transaction fees have come down.
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Re: Ways to reduce Ethereum's gas fee
« Reply #5 on: June 19, 2021, 07:23:34 AM »
Ethereum gas fees are currently much lower.  Because when the price of all the coins in the cryptocurrency went up, the amount of gas went up overnight.  The biggest problem was having to spend a huge amount of gas fee to do the talking tennis.  But now there is a general exemption from gas fees.

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Re: Ways to reduce Ethereum's gas fee
« Reply #6 on: June 26, 2021, 01:48:56 PM »
Recently, the price of gas has dropped very much, since the correction of the cryptocurrency market has been going on for some time and most likely people make fewer transactions through the Ethereum blockchain and therefore the Ethereum network has not been overloaded lately, and in general, usually in the late afternoon or at night by European time, the gas price is always minimal.
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Re: Ways to reduce Ethereum's gas fee
« Reply #6 on: June 26, 2021, 01:48:56 PM »


Offline Tamsialu$$

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Re: Ways to reduce Ethereum's gas fee
« Reply #7 on: June 26, 2021, 05:44:36 PM »
Ethereum transaction fees have dropped sharply.  But whenever the Bitcoin price has dropped, the Ethereum price has dropped drastically. Even then, we found that Ethereum's additional transaction fees had a detrimental effect on Ethereum prices. Whenever the Ethereum transaction fee came down then but the Etherium price pumped up massively. The reduction in Ethereum transaction fees has made Ethereum Bounty Hunter and Investor better for everyone.
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PATRON
DOGE DAF
 
  
A MEME-TOKEN WITH NFTs AND
METAVERSE, NAMED AFTER
THE FEARLESS DOG PATRON

FROM
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Re: Ways to reduce Ethereum's gas fee
« Reply #8 on: June 26, 2021, 06:45:17 PM »
I think Ethereum transaction fee is coming to a much normal level Today I noticed the point when depositing some tokens However, I do not know whether the transaction fee of Etherium can be the same as before. Because the price of Ethereum is much higher than before when Ethereum transaction was less free.Of course the Etherium platform will solve this problem
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Offline Rifan Khan

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Re: Ways to reduce Ethereum's gas fee
« Reply #9 on: June 26, 2021, 07:17:02 PM »
Ethereum gas fees are now a little lower than before.  We saw a few days ago that the price of Ethereum coins in the cryptocurrency market went up a lot.  Ethereum gas free now cuts much less.  There are currently many gas free discounts.

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Offline Prime

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Re: Ways to reduce Ethereum's gas fee
« Reply #10 on: June 26, 2021, 11:30:07 PM »
Actually, the gas fee of the Ethereum platform is always changing. The best way to make it in the low fee for transferring tokens is that we can check at first the gas fee on the https://ethgasstation.info/.
recently, the gas fee is very low, only around 5 Gwei, so great to know this
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Offline TomPluz

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Re: Ways to reduce Ethereum's gas fee
« Reply #11 on: July 26, 2021, 08:34:33 AM »


Compared to what Binance Smart Chain is charging for each transaction,  what is happening in Ethereum is kind of a big joke that no one is laughing no not even Vitalik Buterin. As to why it took so long for the network to fixed this problem is beyond my understanding...heck there is even no temporary and real remedy even granted by Ethereum. this is like making their miners get rich at the expense of small users of their network. Again, no one is laughing and we are not all happy.

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Re: Ways to reduce Ethereum's gas fee
« Reply #12 on: August 02, 2021, 04:47:30 PM »
Ethereum transaction fees have dropped sharply.  But whenever the Bitcoin price has dropped, the Ethereum price has dropped drastically. Even then, we found that Ethereum's additional transaction fees had a detrimental effect on Ethereum prices. Whenever the Ethereum transaction fee came down then but the Etherium price pumped up massively. The reduction in Ethereum transaction fees has made Ethereum Bounty Hunter and Investor better for everyone.

Yes, I think gas fee depends on the price of ethereum.
I see Ethereum is recovering again now, I believe gas fee will go up again.
I don't think about how to reduce gas fee, alternate smart contract platform is the best solution.
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Re: Ways to reduce Ethereum's gas fee
« Reply #14 on: August 03, 2021, 06:59:30 AM »
The London update is the name for a set of upgrades which are due to go live on the Ethereum blockchain at the start of August. The update features five individual upgrades, each known as an Ethereum Improvement Proposal (EIP). Together these EIPs will make Ethereum cheaper to use and reduce the supply of ETH, while simultaneously increasing demand.

 

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