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Author Topic: Ethereum gas price ridiculously high  (Read 27211 times)

Offline bitbit97

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Re: Ethereum gas price ridiculously high
« Reply #150 on: January 04, 2022, 04:26:23 PM »
I don't know if the transaction will be enabled. I wanted to withdraw $10 from my ETH wallet. Gas fee was 114 gwei. Which I edited and gave 98 gwei. Now pending. But I also think if Vitalik doesn't do something about it, people will start dumping etherum.

Ethereum is for the rich people only right now. It is useless for small transactions. I think that your transaction more likely would burn gas and wont be transferred. Why would you even want to withdraw $10, the fee will be almost identical to your withdrawal amount.

Btw, people wont dump Ethereum, because its value grows and it has almost of 1/5 of market cap. This is simply impossible to dump this.
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Re: Ethereum gas price ridiculously high
« Reply #150 on: January 04, 2022, 04:26:23 PM »

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Offline Muneeb22

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Re: Ethereum gas price ridiculously high
« Reply #152 on: January 17, 2022, 06:25:32 PM »
The gas fee of the ETH coin is so much high and this is not good becasue this time so many peoples will use this coin but the high fee is not good becasue if we send this coin to another wallet then we need some fee to send it and that is so much high this time.

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Re: Ethereum gas price ridiculously high
« Reply #153 on: January 17, 2022, 06:47:33 PM »
The gas fee of the ETH coin is so much high and this is not good becasue this time so many peoples will use this coin but the high fee is not good becasue if we send this coin to another wallet then we need some fee to send it and that is so much high this time.

Yeah, high gas fee is not good and many investors and trader are suffering.
I think Ethereum dev must have good solution for high gas fee, if they didn't want many projects will migrate to other platform.
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Re: Ethereum gas price ridiculously high
« Reply #154 on: January 19, 2022, 03:09:42 PM »
I wanted to withdraw my token from ethereum but couldn't because of its high fee. i will withdraw only when gas fee is down. i am waiting. And I have full faith in Ethereum team that some solution will come soon after all, After all , Ethereum is a very big and reliable blockchain.

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Re: Ethereum gas price ridiculously high
« Reply #155 on: January 20, 2022, 07:09:50 PM »
It always be problem from investors  and trader.
Ethereum gas fee is so high.
I have read several opinion, I think I agree gas fee is depending on Ethereum price, especially when Ethereum price is going up, teh traffic will up

It's really only a problem for users with little funds, I think the whales don't mind paying a $100 transaction fee considering the volume of money they move. The real problem is for those users who just want to move their tokens to earn small amounts or invest small amounts of money in some projects, usually the transaction fee is worth more than the amount of money being moved, and that's something the developers should have fixed a long, long time ago.
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Offline kirshna01

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Re: Ethereum gas price ridiculously high
« Reply #156 on: January 20, 2022, 09:05:42 PM »
At the moment Ethereum's transaction fee seems to be high around 194 GUI Hopefully this will improve after eth 2.0.
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Re: Ethereum gas price ridiculously high
« Reply #156 on: January 20, 2022, 09:05:42 PM »


Offline therozaq

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Re: Ethereum gas price ridiculously high
« Reply #157 on: March 08, 2022, 02:16:54 PM »
It always be problem from investors  and trader.
Ethereum gas fee is so high.
I have read several opinion, I think I agree gas fee is depending on Ethereum price, especially when Ethereum price is going up, teh traffic will up

It's really only a problem for users with little funds, I think the whales don't mind paying a $100 transaction fee considering the volume of money they move. The real problem is for those users who just want to move their tokens to earn small amounts or invest small amounts of money in some projects, usually the transaction fee is worth more than the amount of money being moved, and that's something the developers should have fixed a long, long time ago.

You're right. Little investors or tradier that have little fund will suffering because of high gas fee.
As you said whales will always happy because they have big fund at their wallet.
But almost all of member here , bounty hunters.
I think they have the same problem, high gas fee problem.
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Re: Ethereum gas price ridiculously high
« Reply #158 on: March 08, 2022, 05:12:51 PM »
That's why I moved to Solana. Just more affordable now.
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Re: Ethereum gas price ridiculously high
« Reply #159 on: March 10, 2022, 03:33:35 AM »
If it's like this then I can only surrender to the situation of Ethereum, we can't lower the GAS Ethereum fee because everyone can increase the GAS Ethereum if they want to speed up ERC20 or Ethereum token transactions.
This decentralized system and type of POW coin makes it very natural for Ethereum transaction GAS fees, the only way is for us to switch to Ethereum versions of Binance Smart Chain, Polygon Matic, Avalanche or Fantom.
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Re: Ethereum gas price ridiculously high
« Reply #160 on: March 10, 2022, 07:09:26 AM »
At the moment Ethereum's transaction fee seems to be high around 194 GUI Hopefully this will improve after eth 2.0.

Many people also have big hope for Ethereum 2.0 ,but it seems still didn't have good effect.
Ethereum gas fee is still high, and everyone suffering because expensive gas fee.
Maybe whales didn't suffer because have big fund , 30-50 USD is little for whales.
I personally several time cannot do transaction because expensive gas fee
Better to migrate other platform.

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Re: Ethereum gas price ridiculously high
« Reply #161 on: March 13, 2022, 11:26:38 AM »
You're right. Little investors or tradier that have little fund will suffering because of high gas fee.
As you said whales will always happy because they have big fund at their wallet.
But almost all of member here , bounty hunters.
I think they have the same problem, high gas fee problem.

That is something that has always happened and will always continue to happen, the whales don't mind paying $30 for an ERC-20 transaction or $180 for an Opensea transaction. It is an issue that only affects users with low funds. What Ethereum developers need to keep in mind is that there are far more low-funded users using their chain than there are whales, and that sooner or later may cause a stampede of users to other chains.
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Re: Ethereum gas price ridiculously high
« Reply #162 on: April 01, 2022, 04:31:19 PM »
Yeah , high gas fee won't effect to whales. But ethreum developer should rethink about little investors.
There are many little investors that have low funds.
Ethereum doesn't owned by whales but maybe almost all of crypto investors have Ethereum.
Be wise if the Ethereum think about it and have good solution for this problem.

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Re: Ethereum gas price ridiculously high
« Reply #163 on: April 10, 2022, 03:33:42 PM »
If you want to invest in the metaverse, I believe you should pick strong projects. I've been watching Paragen for a while and believe they have a better chance of reaching a larger audience than traditional mv. projects. You should check to determine if it fits within your investment strategy.

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Re: Ethereum gas price ridiculously high
« Reply #164 on: April 10, 2022, 05:53:36 PM »
Yeah , high gas fee won't effect to whales. But ethreum developer should rethink about little investors.
There are many little investors that have low funds.
Ethereum doesn't owned by whales but maybe almost all of crypto investors have Ethereum.
Be wise if the Ethereum think about it and have good solution for this problem.

You're right ,until now Ethereum developer didn't have good solution for their problem, high transaction fee.
I think they should have good improve , We all waiting the progress of Ethereum 2.0 , but I think It won't solve the gas fee problem.
We will see , Ethereum will be leaved by investors.
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MIX.NOW
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