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Author Topic: Ethereum gas price ridiculously high  (Read 27215 times)

Offline Pirate

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Re: Ethereum gas price ridiculously high
« Reply #15 on: August 24, 2020, 05:23:36 AM »
The transaction fees are high due to the large number of transactions done this week, if you don't want the fees to be too high you have to wait until things start to stabilize

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Re: Ethereum gas price ridiculously high
« Reply #15 on: August 24, 2020, 05:23:36 AM »

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Re: Ethereum gas price ridiculously high
« Reply #16 on: August 24, 2020, 05:37:18 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.

I have seen many investors complain about it. The ethereum GAS is so high.
I also have read many investors said Ii caused by Ethereum transaction is very busy.
I think I agree with it, I hope upgrade of ETH 2.0 better solve this gas issue. because I still believe ethereum team will seek this solution.

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Re: Ethereum gas price ridiculously high
« Reply #17 on: August 24, 2020, 06:04:05 AM »
Transferring money with Ethereum is not very smart these days. I definitely do not use it unless it is mandatory. It is necessary to choose other coins and tokens as much as possible.


We've seen a performance that exceeds the 2018 ico craze, hopefully it will return to normal soon.
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Re: Ethereum gas price ridiculously high
« Reply #18 on: August 24, 2020, 10:15:36 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.

It is beyond ridiculous and also the first time I witness something like this, the blockchain was supposed to spread ease and convenience but it turned out to be just another means of extortion if the ridiculous charges continue.

Why should i send out 5$ worth of token with 10$ gas fee worth??

yeah, it seems eth transaction fees is going against the idea of blockchain to make quick and easy transaction, this days eth gas fee so high that it is very difficult to make small transaction, am realy not happy with this sudden development.

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Re: Ethereum gas price ridiculously high
« Reply #19 on: August 24, 2020, 12:38:39 PM »
Nowadays ERC 20 assets holders, traders and investors facing a major problem of Ethereum gas rate . Every transaction minimum gas fee 1.50 and above. If I transfer 10 dollars equal assets then transfer fee above 2 dollars and after exchange withdraw fee minimum 5 dollars. So I get only 3 dollars.
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Re: Ethereum gas price ridiculously high
« Reply #20 on: August 26, 2020, 08:07:50 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.

I think this is a big problem at this moment for ETH transaction. After the pandemic situation came gas now looking for very high and we are very upset because maximum bounty give small amount of dividend and if we lose maximum of it at the transaction time, how can we do work with bounty? So i think it should be revised.

thanks.

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Re: Ethereum gas price ridiculously high
« Reply #21 on: August 26, 2020, 09:53:59 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.

I think this is a big problem at this moment for ETH transaction. After the pandemic situation came gas now looking for very high and we are very upset because maximum bounty give small amount of dividend and if we lose maximum of it at the transaction time, how can we do work with bounty? So i think it should be revised.

thanks.

It is true mate. We ge small reward from bounty and must to pay the high GAS. I think It is not fair. I have seen many people said this situation caused by Ethereum is really busy in transaction.
But I think ethereum team have to give the solution.

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Re: Ethereum gas price ridiculously high
« Reply #21 on: August 26, 2020, 09:53:59 AM »


Offline Rafiq

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Re: Ethereum gas price ridiculously high
« Reply #22 on: August 28, 2020, 11:10:00 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
This is a big problem at the moment for those of us who are involved in cryptocurrency i.e. crypto investors or bounty hunters. There are currently a small amount of token payments as a reward from most bounty projects, most of which cannot be sold due to high gas fees. And as a result of deducting high gas fees from the dividends earned by trading, there is not much. Hopefully this problem will be resolved soon after the full implementation of Etherium 2.0.
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Re: Ethereum gas price ridiculously high
« Reply #23 on: August 28, 2020, 02:03:49 PM »
I also don't know why the current price of gas is very detrimental to etherum holders, what is the reason why gas is expensive?  will this continue to happen temporarily?  because if this continues, there will be many who are disappointed, namely etherum holders.
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Re: Ethereum gas price ridiculously high
« Reply #24 on: August 28, 2020, 02:06:35 PM »
Right now ethereum authority should take initiative in this regard to reduce gas price. Because it's the burning questions of ethereum users. They think if the gas price reduce then ethereum price will be high.

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Re: Ethereum gas price ridiculously high
« Reply #25 on: August 28, 2020, 07:52:07 PM »
Yes, the price of ethereum gas has been much higher than before. If I have to pay a lot of dollar fee to transfer any coin. But now you have to pay a transaction fee of 3-4 dollars to transfer that amount of token. We are facing a lot of losses. I request you know what this transaction is 70 percent down.
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Re: Ethereum gas price ridiculously high
« Reply #26 on: August 29, 2020, 05:31:31 PM »
The current gas price is very alarming, how can one pay as high as $4 on a transaction which is not even up to 20$ worth of an ERC20 token.

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Re: Ethereum gas price ridiculously high
« Reply #27 on: August 29, 2020, 08:48:45 PM »
The current gas price is very alarming, how can one pay as high as $4 on a transaction which is not even up to 20$ worth of an ERC20 token.
You are right, it shouldn't be like that, it is too expensive. I have tried to send Ethereum from MEW to exchange wallets and I experienced the same as you. Surely, it was too expensive, how can we pay more than $4 for the transactions. Not only about it, but also the transaction takes more time than usual. I think it is caused by many Ethereum holders moving their Ethereum to exchange wallets currently.


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Re: Ethereum gas price ridiculously high
« Reply #28 on: August 30, 2020, 07:38:47 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
Thank you for your informative post and it’s really a fact otherwise people will throw cold ether exchange . It is the issue ether gas price seriously high       

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Re: Ethereum gas price ridiculously high
« Reply #29 on: August 31, 2020, 02:00:38 PM »
Unfortunately, nothing can be done about this and you need to wait for the moments when the transaction price falls and only then make transactions, but while everyone is waiting for Ethereum 2.0 and while the DeFi hype is going on, transaction price will continue to rise.
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