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Author Topic: Ethereum gash fee high.  (Read 15878 times)

Offline H2O

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Re: Ethereum gash fee high.
« Reply #15 on: February 15, 2021, 05:11:03 AM »
I have 25 dollars worth of extra DNA coins  in my trust wallet account but I still transfer my extra DNA to ProBit exchange but alas Ethereum network fees amounts only 27 dollars. Just a lol.

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Re: Ethereum gash fee high.
« Reply #15 on: February 15, 2021, 05:11:03 AM »

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Re: Ethereum gash fee high.
« Reply #16 on: February 15, 2021, 05:15:18 AM »
Lower Cost For Users, More Value for Validators
 According to Crypto Fees, currently the Ethereum network is only producing fees in the $ 1.6 million range compared to Bitcoin $ 895,000.  Also, an average of seven days in fees, Ethereum logged $ 2.43 million compared to Bitcoin $ 1.97 million.
 Another important comparison to note is the transaction costs of making Bitcoin transactions as well as the total amount of time it takes to complete them.  As stated above, the average Ethereum fee from the last few weeks is around IDR 4,250 and it only takes a short time to complete a transaction (assuming the gas costs are quite high).

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Re: Ethereum gash fee high.
« Reply #17 on: February 15, 2021, 09:14:38 AM »
At the present time it is seen in Etherium If any token is withdrawn The price of that token is more gas free than that It takes a rate.Which is why people invest in Etherium Not too much of a supporter.If Ethereum's gas is reduced free I think that would be the best thing to do.

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Re: Ethereum gash fee high.
« Reply #18 on: February 16, 2021, 11:01:43 PM »
Yes it is true based on my friend telling me about the ethereum gas fee high because he experienced in terms of trading depends on the amount of selling but for me it is now challenging to us to helped can earned our bounty efforts.
e]
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Re: Ethereum gash fee high.
« Reply #19 on: February 17, 2021, 03:14:15 AM »
Truelly, the price of ETH gas fee has gone high, affecting the transfer of assets in the ETH wallet. This will affect altcoins that will come under ETH in the future, as it is already affecting the existing ones in the ETH wallet. This can lead to the downward trend of ETH, and probably affect its long run. This needs to becorrected as soon as possible, otherwise a new project might come up and that's all for ETH.

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Re: Ethereum gash fee high.
« Reply #20 on: February 17, 2021, 07:29:02 AM »
Current gas fee are rising so much that it is beyond imagination.  Because if a token can be transferred then there is a huge gas fee cost.  Selling tokens costs a much higher gas fee than what can be found.

Ethereum gas fee would turn everyone into a night watcher lol; how long do we continue to be persistent with the etherum blockchain? Well, we have no choice lol, Use ethgasstation always, to check gwei prices before u do any transactions and also you can stay up late at night to ssend out too

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Re: Ethereum gash fee high.
« Reply #21 on: February 17, 2021, 09:57:36 AM »
Despite being one of the most popular platforms for Etherium cryptocurrency, Excess Gas Fee is constantly harassing us.Ethereum's gas fee is increasing day by day. In just a few days Ethereum's gas free has increased a lot. We are currently unable to make any transactions for Ethereum's additional gas fee.
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Re: Ethereum gash fee high.
« Reply #21 on: February 17, 2021, 09:57:36 AM »


Offline Review Master

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Re: Ethereum gash fee high.
« Reply #22 on: February 17, 2021, 12:40:28 PM »
Ethereum gas fee would turn everyone into a night watcher lol

It's ridiculous, but also the real fact that we need to wait for lower gas fees and it's actually become lower when it's midnight according to UTC timezone.

In just a few days Ethereum's gas free has increased a lot. We are currently unable to make any transactions for Ethereum's additional gas fee.

It's increasing because of the hype of DeFi and there is no sign of end on it until ETH2.0 is fully launched. Now, it's just about time to wait for the final launching of shard-Chains from ETH2.0 to get a lower gas fee.
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Re: Ethereum gash fee high.
« Reply #23 on: February 17, 2021, 12:42:53 PM »
I see this condition has been going on for quite a while and there is no resolution yet. Now, the transaction fees for Bitcoin are also high. A very troubling condition for many people in crypto.
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Offline LeziT

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Re: Ethereum gash fee high.
« Reply #24 on: February 17, 2021, 01:32:22 PM »
Currently, everyone is facing a lot of problems due to the addition of etherium gas fee.If gas fee is reduced in the coming days, I think everyone will suffer a lot.At present you have to exchange one token with gas fee for around 30 to 40 dollars.However, I do not understand why such a sudden increase in gas fee.If anyone knows about this, you must discuss in detail.

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Re: Ethereum gash fee high.
« Reply #25 on: February 17, 2021, 02:25:48 PM »
Today I was really shocked. So far I have only known that Ethereum transactions have increased a lot. Today when I was depositing some tokens equal to 10$ I saw a transaction fee of 50$. Really The matter is beyond imagination. At present it takes a lot of fee to do small transactions.
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Re: Ethereum gash fee high.
« Reply #26 on: February 17, 2021, 02:30:11 PM »
Today I was really shocked. So far I have only known that Ethereum transactions have increased a lot. Today when I was depositing some tokens equal to 10$ I saw a transaction fee of 50$. Really The matter is beyond imagination. At present it takes a lot of fee to do small transactions.

Yes you're right, transaction fee is so high now. I hope Ethereum team will solve this problem. Because I see many people has complained about it. I have held my Ethereum and will sell at higher price
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Re: Ethereum gash fee high.
« Reply #27 on: February 17, 2021, 02:35:46 PM »
We have been like this for too long, and it is the main reason why users and projects look for alternatives. It's crazy and a shame that we can hardly do anything. It is really frustrating. And it can be a disadvantage when creating new projects, as teams can opt for chains with much cheaper transaction fees.
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Re: Ethereum gash fee high.
« Reply #28 on: February 17, 2021, 02:50:16 PM »
Yes the current situation is that the gas fee is much higher now.  So at this time no one is interested in buying and holding Etherium.  Because if you buy and hold Etherium, the gas fee is more than the current price.
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