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Author Topic: Ethereum fees are becoming like Bitcoin fees  (Read 19453 times)

Offline UNIVERSE

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #45 on: September 24, 2020, 11:38:22 PM »
Yes, it really happened, the fees for Ethereum gas was rising too high. I think it must be decreased, if not then the Ethereum fees can be higher than Bitcoin fees. It should bring difficulties to all investors and traders. We must spend a lot of funds on transactions. Let's hope it can be normal as before.

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #45 on: September 24, 2020, 11:38:22 PM »

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #46 on: September 25, 2020, 07:11:19 AM »
I look forward to having Ethereum 2.0 been integrated. Ethereum 1.0 with its high charges is becoming very unbearable for users to trade with ease.
Trading now, if you have to pay for transactions in ethereum, has really deteriorated and requires preliminary calculations, if small amounts are transferred, otherwise the gas payment may turn out to be such that the transaction itself will be unprofitable.
We hope that the difficulties in the ethereum network, temporary and upcoming improvements, will radically and permanently correct the situation. Therefore, we need to treat these problems with understanding and for now it is better not to use the ethereum network without special need.

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #47 on: September 25, 2020, 08:31:19 AM »
It's really a very poor condition. Where I am sure a lot of people have been using this ethereum wallet. In fact, delivery transactions are not proportional to the value to be sent. Because the gas fee is very expensive. I hope there will be a solution for this soon.
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Offline Pirate

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #48 on: October 06, 2020, 09:21:31 AM »
Now the fees charged for transactions are indeed very high, and there are many who complain about it, now we are forced to do it, otherwise we have to wait until the transaction fees go down again.

Offline shadowdio

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #49 on: October 06, 2020, 07:20:22 PM »
And now it reached $2-3 transaction fee. Well let's hope the eth 2.0 will solve this problem, this increasing transaction fee of eth it's because of the DeFi trend.  :(

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #50 on: November 19, 2020, 06:24:50 AM »
Well, now ethereum gas charges are really high.  Because of this, many have temporarily suspended transactions, which do not require much urgency.  The difference between ethereum and bitcoin in looking at this common problem is that in ethereum it will soon be solved by the introduction of Ethereum 2.0, and a similar problem with bitcoin is not yet solved at all.  Yes, the leaders of the cryptocurrency, unfortunately, have the lowest transaction throughput.

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #51 on: November 19, 2020, 10:57:41 PM »
That is why many people are mad of the Ethereum and erc20 tokens. Sometimes, the fee is very high that decreased the amount of the total funds that we will send, about 50%, this is crazy, right?
But now, the fee is lower and lower, so that we can try comparing certain time before transfer our coins.

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #51 on: November 19, 2020, 10:57:41 PM »


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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #52 on: November 20, 2020, 02:09:51 PM »
Due to the fact that more and more people use Ethereum blockhain and various cryptocurrencies that are created on Ethereum blockchain, because of this, transactions on Ethereum blockchain are constantly growing and, of course, Ethereum price was also growing throughout the year and still growing, and this also applies to an increase in transaction prices, so we have to wait and hope that Ethereum 2.0 will solve this problem.
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Offline jet

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #53 on: November 20, 2020, 03:21:10 PM »
the price is moving and ethereum is getting popular and many people loves to transact at ethereum networks. I think I would continue to raise as ethereum is also going on upward movement.
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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #54 on: November 20, 2020, 03:25:39 PM »
Due to the fact that more and more people use Ethereum blockhain and various cryptocurrencies that are created on Ethereum blockchain, because of this, transactions on Ethereum blockchain are constantly growing and, of course, Ethereum price was also growing throughout the year and still growing, and this also applies to an increase in transaction prices, so we have to wait and hope that Ethereum 2.0 will solve this problem.

Can you guarantee that the changes to ethereum 2.0 will resolve gas fees, which are indeed very impartial to participants who have small tokens because the gas fees that are carried out are very inappropriate as usual.
It is true that there are risks from a lot of transactions, so there are consequences that occur, but why in the past it was possible now is a question that occurs.
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Offline dekafee79

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #55 on: November 20, 2020, 05:48:53 PM »
Well, now ethereum gas charges are really high.  Because of this, many have temporarily suspended transactions, which do not require much urgency.  The difference between ethereum and bitcoin in looking at this common problem is that in ethereum it will soon be solved by the introduction of Ethereum 2.0, and a similar problem with bitcoin is not yet solved at all.  Yes, the leaders of the cryptocurrency, unfortunately, have the lowest transaction throughput.

Yes bitcoin and ethereum have gas problem, it is so high. I hope ethereum 2.0 will solve this issue. Many people have said about it. They predicted ethereum 2.0 will be solution. Bitcoin I see not have solution. Let's see

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #56 on: November 20, 2020, 10:47:36 PM »
Fri, 20 Nov 2020 21:46:27 UTC
https://etherscan.io/gastracker

Fees
Low
27 gwei
$0.29 | ~ 7 mins:0 secs
Average
32 gwei
$0.34 | ~ 5 mins:30 secs
High
55 gwei
$0.59 | ~ 30 secs
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Offline sampoerna

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #57 on: November 20, 2020, 10:56:49 PM »
It is likely not a good condition that Ethereum and its platform ERC20 has been experiencing. The gas fee to transfer the coin to the exchanges is very difficult. There is no other way that we can do without any gas so that sometimes we can't do anything especially when it comes to the token to sell soon

Offline I-Bit

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #58 on: November 22, 2020, 11:01:15 PM »
Sometimes, fees of every coin or token may change into higher rates because of the issue and also news coming at that time. As what happened to the ETH. ETH is increasing so highly and many people use this platform to transfer the ERC20 tokoens. And at the same time, ETH also will have its version 2.0. So, this may influence the willingness to transfer and it influences the miner and transaction of the feee.

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Re: Ethereum fees are becoming like Bitcoin fees
« Reply #59 on: November 23, 2020, 02:00:20 AM »
Lately ETH fees have increased and I have been paying ~50 cents for a normal ETh transaction, but then - $1 for contract functions. Used to be a few pennies at most to get your transaction confirmed quickly and now it's $1+.
you are right.  At present, however, the Ethereum transaction fee has been increased a lot.  The advantage of that is that Ethereum can be transferred very quickly. However, hopefully the Ethereum 2.0 platform will be updated on December 1 and since then the Ethereum transaction fee will be reduced.
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