Altcoins Talks - Cryptocurrency Forum
Earning => Awards, Contests & Voting => Voting => Topic started by: dragononcrypto on December 22, 2020, 11:51:11 AM
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At the moment I'm still usually Ethereum network but usually having to wait a while for transactions to confirm, anywhere between a few hours to a day or so when using 20-30 gwei. What do you do when faced with high gas fees, do you wait or submit transactions with lower fees or pay the higher prices?
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I hate seeing my transaction being pending for too long and require me to wait until it fully successful that is why I chose to pay my transaction a little bit higher.
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I usually use the gas fee from Imtoken and don't change it because I think it is fast enough for delivery, so I don't know how many gwei I use I only calculate what I will trade to cover gas costs, get profit or not, from the transaction
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I haven't done a transaction in ethereum blockchain until recently. I've spent 27.5, 40, and 44 gwei and all of them were confirmed almost instantly. It was a necessary transaction that's why I didn't bother adjusting the recommended fees.
If I'm to based it on my transactions before, I wouldn't send with a fee over 10 gwei.
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Commonly, in a normal cnditin, I will eait the gas fee uder 25 gwei. It is on the economy rtae
However, if it is in a little hurry, I will also still do tranfser at the rate of maximally 60 gwei. If it is more than it I prefer to hold it and delay the transfer.
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Last few months, gas fees is a common problem but we can't avoid it. We only can wait few hours when transaction pressure relative lower. Most of the time we have to pay 41-50 gwei which expensive, although once it was more than 300 gwei. Last year, we have made all transactions from 5-31 gwei which was comparatively very less.
What do you do when faced with high gas fees, do you wait or submit transactions with lower fees or pay the higher prices?
In times of emergency need, we have to pay higher fees but in less necessity, we can wait for lower fees.
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I use the low cost of gas, while waiting for the gas price to fall, then I will send my token ;D
Arround 10-20 gwei
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Several times I had to make transactions when the gas price was high, but sometimes I needed to do various urgent transactions and therefore I had no choice, and of course I always make transactions in the evening when the gas price is minimal and usually it is around 21-30 gwei.
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Several times I had to make transactions when the gas price was high, but sometimes I needed to do various urgent transactions and therefore I had no choice, and of course I always make transactions in the evening when the gas price is minimal and usually it is around 21-30 gwei.
Yesterday I made a transaction and charged 20 Gwai for gas and my transaction was canceled after 3 hours of waiting. then I set 25 Gwei, but the transaction was pending almost all night and I had to manually cancel the transaction. I believe that there is a certain framework where you can adjust the commission yourself, but it does not always work.
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I usually use 51-60 gwi for rapid transaction .I also use automatic gas transaction system cause i hate to wait for any transaction .I don't make any transaction when its been high .I think the fees will decrease as the recent time we face a lot of transaction that's why fees are increasing .
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Ethereum price is currently OK. However, I think Ethereum's gas fee is a big problem. Because eth gas is declining by transactions due to increase. Many are being harmed by the transaction. Currently having to spend extra.
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At the moment I'm still usually Ethereum network but usually having to wait a while for transactions to confirm, anywhere between a few hours to a day or so when using 20-30 gwei. What do you do when faced with high gas fees, do you wait or submit transactions with lower fees or pay the higher prices?
Saya termasuk anggota baru jadi belum pernah dihadapkan pada biaya gas yang tinggi, tapi seandainya nanti terjadi, saya akan mencoba menunggu atau mengajukan biaya yang lebih rendah
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Actually I will use a low gas fee like 10gwei but all of that can be seen from the token I want to send, if I want to send it to an exchange, then I will add a maximum fee of up to 75gwei.
I do this to speed up transactions, but in certain hours and still see Gasprice at all times.
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I always use trust wallet as my researving cryptocurrencies. When. I transfer ERC 20 assets from trust wallet then gas fees automatically change. There are no options to change Ethereum gas gwei .
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On December 27, I had to pay 120 Gwei for a ~ 3 minute transaction, I got more and more bored with Ethereum GAS fees
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I used to pay only 20-40 gwei but lately i have to pay 80 to 120 gwei is really crazy for paying such high
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yes i usually pay 50 to 80 gwei very high GAS price i also have 1 set of transaction, pay 140 gwei for fast transaction and 120 gwei for transaction `~ 3 min
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Yes, the gas price is very high recently, making me not want to invest more in Ethereum. Bitcoin, although the gas price supply is not less than Ethereum, but the profit of Bitcoin is huge. I will sell Ethereum when it feels at the desired price
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yes, gas fees make traders very bored with Ethereum. ETH2.0 has launched but gas fees have not been changed along with the slow increase in price and not as promised by ETH2.0 which makes me no longer excited about Ethereum.
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Arround 10-20 gwei
10-20 gwei is very low, maybe that's a transaction that is often used in the past 2017.
At that time GAS was very cheap to send tokens from erc20 and it was very environmentally friendly to all the cryptocurrency community.
Unfortunately now for GAS transactions are very expensive and it is very sad.
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Increasing gas fees is a big problem. Interrupting transactions, not being able to deposit in many token exchanges. Because Ethereum gas fee is high, many users are suffering. I am currently suffering a lot from using this platform. Hopefully this problem will be solved in the future.
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On December 27, I had to pay 120 Gwei for a ~ 3 minute transaction, I got more and more bored with Ethereum GAS fees
Today I transfer my INVIZON bounty campaign rewards from trust wallet to vindax exchange wallet with rate of Ethereum gas fee more than $7 . I totally boaring about network fees.
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I never remember how much the eth gas fee I paid when I made a transaction, what is certain is that if the price of gas is expensive I will delay the delivery first.
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A few years ago I only paid 5 gwei and tolerated the delay in transactions, but now it seems 5 gwei is the simplest way for us to learn to be patient while ETH2.0 is completed :)
Currently I usually pay 50 gwei per transaction, as a habit, because this is the price offered by some events (swap token).
I rarely move my tokens, so I think I can totally accept the 50 gwei price. If the transaction costs are too high, I will wait until another time with a better price.
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I often see the price of gwei on Etherscan and it changes all the time.
In fact, just now I saw the price of GAS on the Etherscan website was around 120 gwei, then when I typed this thread I waited for a while and it fell to the price of 103 gwei.
I don't know, I don't know about this because it might be really sad for Ethereum lovers.
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I always try to make a transaction where the gas price is low enough. Actually, the gas price decreased after the DeFi hype it's just the price of ethereum. If you see GEWI then you can see sometimes it go below 50 GEWI. It was similar to this before too as i can remember.
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Today I try to transfer kingswap coin from my personal wallet to uniswap interface website wallet but for excess gas fee I can't transfer.
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It is different if you send ETH or ERC-20 or you are using Uniswap.
this site for the gas is great: https://explore.duneanalytics.com/public/dashboards/ZN89dYu9g2ErUDWhEJJbLlsXxZRAiOprTL0eGdU6
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Today I try to transfer kingswap coin from my personal wallet to uniswap interface website wallet but for excess gas fee I can't transfer.
Uniswap, justswap requires huge trasaction fees than normal ERC20 tokens transfer to any exchange. It is better to avoid such sites if tokens list in another Centralized exchange. Recently i had to pay $10 for exchange of small amount.
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I think it depends on what coins you use, if you use bitcoin I usually only need $ 2 in shipping and use an Electrum wallet, while for the ERC20 I usually use the lowest gas fee of only $ 5 even though currently gas costs are on the rise.
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For several months ago, I commonly pay for around 20 gwei. But now, it is too hard to find this rate. It is mostly about 40 gwei. the fee of gas ETH is so damn high right now and we cannot ignore it if we want to transfer our tokens. And this is probably still ongoing again and again moreover heading to the bullish altcoins
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For several months ago, I commonly pay for around 20 gwei. But now, it is too hard to find this rate. It is mostly about 40 gwei. the fee of gas ETH is so damn high right now and we cannot ignore it if we want to transfer our tokens. And this is probably still ongoing again and again moreover heading to the bullish altcoins
20 gwei is now a dream of transfer but till now we are facing a huge critical moments when we see transaction fees is above $7-$10. It is better to wait or avoid now Ethereum network.
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I was used to paying under 1$ but right now it is possible to pay even 15 /20$ for slow and 100 usd for fast which is way to much so right now while eth is pumping so as lot of people anxiously awiting eth 2.0 with its sharding solution which will hugely lower transaction fees
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31-40 gwei when I was in 2017, at that time I was still following the booming bounty.
And I think that at that price, I think it is quite cheap and more efficient than now which is very expensive.
Maybe this year the transaction fee is around 150 gwei because now it has reached 100 gwei, Oh My God!
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Gas fee is so high I can't even imagine, the other day I want to send some tokens and gas was as high as $17 eth for fees :o I quickly cancel the transaction and wait when the gas price is a bit fair, I can't believe the amount we have to pay to send erc20 tokens, this is unbearable.
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How can we send any token from my erc20 address to exchange wallet. When etherium gass fee will low i don’t know. Tomorrow i try to send some token on exchange, but i calculate that my all tokens worth is $15 but need gass fees $8 for transaction. How this possible i cant understand.
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Ethereum price exceeded $1200. The growth of the asset per day was 11.8%, over the past seven days - 62.7% the price of gas increased again. We need to look for some solutions to this problem, if the price of gas rises, then trading on stock exchanges will stop.
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I think sending cryptocurrency usually costs between $ 1 or more depending on the busy conditions of transactions and the price that is soaring. if you don't want to use high fees then you can use other altcoins.
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I think for EThereum's GAS coin transactions it is always changing every time and it cannot be ascertained when it will go up or down.
But if we see the price of Ethereum going down then GAS will go down and if the Ethereum price goes up then GAS will go up too.
When I reply to this thread, I see the GAS cost on the etherscan is around 55 gwei and when it refreshes it changes again it goes up to 60 gwei.
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Dont know to properly answer that question. I'm using myetherwallet and "normal" transaction speed. The cost and transaction speed varies all the time. I've tried using "slow" and setting gwei manually, but from time to time network just burn my gas and transaction fails. That is why I've chosen "normal" transaction speed with already preset gwei amount.
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I think for EThereum's GAS coin transactions it is always changing every time and it cannot be ascertained when it will go up or down.
But if we see the price of Ethereum going down then GAS will go down and if the Ethereum price goes up then GAS will go up too.
For this reason, we have the choice of how much we have to pay for Gas when sending Tokens, if it's not urgent then we just wait for the price of Gas to drop and then we send it. And during my experience in sending tokens, the highest gas I use is $3.
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I cannot take it anymore when I use Uniswap fees are insane high 10-15 usd every trade thats unbelievable fees just by buying and selling your profit goes to miner and you only get so little thats why I stop using ether dapps now and I use CEX when trading.
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Fees is to much high i trade now i pay 20$ thats to much high fees i think in few days fees will be good that will be easy to trade,
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High gas fees are a big problem in the Etherium network these days. I personally try to use 21-30 gwei; However, it cannot be implemented all the time. It is not possible to deposit most of the rewarded tokens on the exchange due to high gasphi, as the token seller has to pay a higher gas fee than what is available. However, I hope that after the full implementation of Ethereum 2.0, we can get rid of this high gasp.
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10 gwei should also be able to send Ethereum because 10 gwei is a relatively cheap value.
Don't confuse the ethereal price of Ethereum, then the price of GAS is expensive, I think this is irrelevant and tends to be almost the same as the real world.
this is a digital world, where cryptocurrency must be more efficient than the real world.
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Gas fee is so high and there is no telling when it may likely come down, just now I was trying to send some tokens to bithumb exchange and I was charged $10 which was too high considering the token I was about to send was not much, I just change my mind from sending since I don't have such gas fees. It is unbearable.
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I have a hard time selling some of my altcoins because of the transaction fee, on Mew and MyCrypto desktop application I can set up the fee I have no problem getting my transaction confirm in 24 hours but using a noncustodial wallet like the wallet I'm using is a big problem as I cannot change the transaction fee and it's always high ranging from $10 to $15.
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10 gwei should also be able to send Ethereum because 10 gwei is a relatively cheap value.
Don't confuse the ethereal price of Ethereum, then the price of GAS is expensive, I think this is irrelevant and tends to be almost the same as the real world.
I am actually different from your view I vote for 21-30 gwei because I see that there really needs to be an increase to give awards so that they can make updates that may be necessary. so that there will be improvements for the user. at least there is mutual respect between users and those who run.
this is a digital world, where cryptocurrency must be more efficient than the real world.
if this I strongly agree and support what you say and we have to look from the side that maybe should be able to understand each other, of course the views are very appropriate at this time and we cannot avoid that there have indeed been changes happening at this time and it is always updated .
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Gas fee is so high and there is no telling when it may likely come down, just now I was trying to send some tokens to bithumb exchange and I was charged $10 which was too high considering the token I was about to send was not much, I just change my mind from sending since I don't have such gas fees. It is unbearable.
It seems that gas fees have not been resolved properly because gas fees are important for those who do have small transactions like what our colleague experienced. it may also be experienced by all of us who will make transactions. hopefully there will be other alternative uses for gas fees.
it seems that gas fees also greatly affect exchangers,
because the gas fee transaction is too high, so the exchanger also does bad things with a stipulated minimum deposit that feels heavy too.
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I'm fine with paying around 2-3 USD for regular transaction and "not more than 5 USD" for a quick.
Can someone explain why in a time period of 5 min for example, transaction fee is so different? I may transfer ERC20 token to Binance with 5 USD fee, while sending same token to Uniswap cost two times more
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I'm fine with paying around 2-3 USD for regular transaction and "not more than 5 USD" for a quick.
Can someone explain why in a time period of 5 min for example, transaction fee is so different? I may transfer ERC20 token to Binance with 5 USD fee, while sending same token to Uniswap cost two times more
For only 2-3 dollars, of course everyone can accept it, but sometimes it doesn't make sense that makes us annoyed with ethereum, so I outsmarted it by changing to XRP because the transaction fees are very cheap.
Uniswap is only because it is easier to make transactions and is not complicated, but it is not recommended to be used as a place for transactions because the price is extraordinary, especially if you use metamask sometimes by having $ 35 dollars in metamask you cannot make transactions because there are some coins that must have extraordinary deposits .
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I'm fine with paying around 2-3 USD for regular transaction and "not more than 5 USD" for a quick.
Can someone explain why in a time period of 5 min for example, transaction fee is so different? I may transfer ERC20 token to Binance with 5 USD fee, while sending same token to Uniswap cost two times more
For only 2-3 dollars, of course everyone can accept it, but sometimes it doesn't make sense that makes us annoyed with ethereum, so I outsmarted it by changing to XRP because the transaction fees are very cheap.
Uniswap is only because it is easier to make transactions and is not complicated, but it is not recommended to be used as a place for transactions because the price is extraordinary, especially if you use metamask sometimes by having $ 35 dollars in metamask you cannot make transactions because there are some coins that must have extraordinary deposits .
Unfortunately, transactions this year require more than $2 to make a transaction on average. Only a few networks still have fairly low transaction fees, such as BSC and Solana.