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Author Topic: Ways to reduce Ethereum's gas fee  (Read 11709 times)

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Re: Ways to reduce Ethereum's gas fee
« Reply #15 on: August 04, 2021, 03:52:53 PM »
It is certain that the GAS fee from Ethereum should be reduced because this transaction fee will greatly affect the full support of Ethereum, the higher the GAS price of Ethereum transactions, the more cryptocurrency lovers will leave behind.
And I'm sure that someday Ethereum will become something that is in great demand by all and if the GAS of transactions gets higher then that interest will fade.
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Re: Ways to reduce Ethereum's gas fee
« Reply #15 on: August 04, 2021, 03:52:53 PM »

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Re: Ways to reduce Ethereum's gas fee
« Reply #16 on: August 04, 2021, 09:04:02 PM »
Ethereum update EIP-1559 should reduce fees. Miners were largely responsible for the huge fees and they'd pay a ridiculous tx fee and mine their own tx block and get their money back along with all the other txs they kind of forced to pay high fees.
The new update has a burn for every block so miners would lose more of their money if they kept doing this as well as a new fee Algo that works in a more fixed rate way.
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Re: Ways to reduce Ethereum's gas fee
« Reply #17 on: August 04, 2021, 09:22:41 PM »
As EIP 1559 through london hardfork will be implemented within almost 17 hours from now, hopefully eth lovers won't need to search the ways to reduce gas fee on ethereum after that. Lets just wait for the successful implemention of EIP1559 and more hype will be created on the ethereum community.  ;D
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Re: Ways to reduce Ethereum's gas fee
« Reply #18 on: August 10, 2021, 05:36:10 PM »
It is certain that the GAS fee from Ethereum should be reduced because this transaction fee will greatly affect the full support of Ethereum, the higher the GAS price of Ethereum transactions, the more cryptocurrency lovers will leave behind.
And I'm sure that someday Ethereum will become something that is in great demand by all and if the GAS of transactions gets higher then that interest will fade.

I think gas fee is depending on Ethereum price..While ethereum price goes up, we will see the gas fee is higher.
Many people also waited Ethereum 2.0 will have good solution, but until now, doesn't good effect.

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Re: Ways to reduce Ethereum's gas fee
« Reply #19 on: August 10, 2021, 11:59:30 PM »
Ethereum gas fees are already reduced, bro.
I think we have no problems with Ethereum gas fees anymore. The price of gas fees seems okay for now. Even the price of Ethereum gas fees has decreased very significantly lately. It is very different from the gas fees several months ago, the price doesn't make sense.

« Last Edit: August 11, 2021, 12:01:43 AM by Alter »
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Re: Ways to reduce Ethereum's gas fee
« Reply #20 on: August 14, 2021, 01:47:30 PM »
Ethereum gas fees are already reduced, bro.
I think we have no problems with Ethereum gas fees anymore. The price of gas fees seems okay for now. Even the price of Ethereum gas fees has decreased very significantly lately. It is very different from the gas fees several months ago, the price doesn't make sense.

It's caused  the ethereum price is lower. Well, we all see ethereum gas fee is cheaper now, But we dont know when ethereum price touches 4K USD.
Hopefully ethereum 2.0 will have good solution for the gas fee problem. Lets see.

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Re: Ways to reduce Ethereum's gas fee
« Reply #21 on: August 23, 2021, 11:12:00 PM »
The only way to get a reduced gas fee is by always checking the gas fee at the current time in order to get the lowest rate.
So far, the gas fee is still low compared to several months ago. It is still no more than 40 gwei although it seems higher than several weeks ago. We can also use the standard or low transaction fee. But it has risks that the transaction will be slow enough
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Re: Ways to reduce Ethereum's gas fee
« Reply #21 on: August 23, 2021, 11:12:00 PM »


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Re: Ways to reduce Ethereum's gas fee
« Reply #22 on: August 28, 2021, 07:43:19 AM »
Well, fee is really high this days much more that ethereum is the top with a really big price today per ethereum. When I'm sending token to other address I usually wait to reduce the fee. When market is congested the fee is high and in order to have a big change of success.
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Re: Ways to reduce Ethereum's gas fee
« Reply #23 on: August 29, 2021, 12:33:40 PM »
The only way to get a reduced gas fee is by always checking the gas fee at the current time in order to get the lowest rate.
So far, the gas fee is still low compared to several months ago. It is still no more than 40 gwei although it seems higher than several weeks ago. We can also use the standard or low transaction fee. But it has risks that the transaction will be slow enough

Agree bro, I think we should always checking gas fee at the current time before do.transaction..
No way to reduce gas free, because It depends on traffic.
For now, gas fee is.lower.
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Re: Ways to reduce Ethereum's gas fee
« Reply #24 on: August 29, 2021, 01:30:48 PM »
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.

Well, it seems that something has gone wrong with "London" or that the community has misunderstood things, because 24 days after (August 5) its implementation on the mainnet, the transaction fees have not only not decreased, but they continue to increase. During a margin of hours it is reduced a lot, but for a short time, so you have to be very attentive.
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Re: Ways to reduce Ethereum's gas fee
« Reply #25 on: October 14, 2021, 04:55:05 PM »
It has been a long time since tokens could not be sold on the Etherium platform because the amount of gas fee is too high.  It can be noticed that the popularity of etherium coins is decreasing day by day due to the popularity of gas fees.  Because the biggest obstacle is the gas fee.  While the amount of gas fee in Ethereum coins will be normal, its popularity will definitely increase day by day.
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Re: Ways to reduce Ethereum's gas fee
« Reply #26 on: October 15, 2021, 05:16:54 PM »
if I see it seems impossible to reduce ethereum transaction fees because as long as there are still many people using the ethereum platform, transactions remain solid and of course it can have a bad influence on transaction fees.

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Re: Ways to reduce Ethereum's gas fee
« Reply #27 on: October 16, 2021, 08:51:58 AM »
if I see it seems impossible to reduce ethereum transaction fees because as long as there are still many people using the ethereum platform, transactions remain solid and of course it can have a bad influence on transaction fees.

I think still possible if you always check gas fee every time. gas fee will high when high traffic.
You can choose at the time when the traffic go down.
Many trader and investors always confused about this problem. me too.

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Re: Ways to reduce Ethereum's gas fee
« Reply #28 on: October 17, 2021, 02:49:36 PM »
The biggest problem among cryptocurrency users is the additional Ethereum network's transaction fees.The network fee for transferring any type of token on Ethereum platform is very high.Gas is a fundamental element of Ethereum. Simply put, it’s the amount of ETH that users pay to perform an activity on the Ethereum network.

On a more technical level, gas is a unit of measurement that tracks how much it costs to execute computation for a specific action on Ethereum, like sending ETH, trading a DeFi token, minting an NFT, or deploying a smart contract.

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Re: Ways to reduce Ethereum's gas fee
« Reply #29 on: October 17, 2021, 06:37:53 PM »
We used to expect EIP-1559 but it didn't help. ETH2.0 will be the best solution when sharding is used to increase transaction speed and reduce transaction fees. Hope Ethereum can execute it as planned, otherwise BSC, Solana and Cardano will replace Ethereum.

 

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