Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Poppy_ALTStrader on July 17, 2020, 06:23:18 PM
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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+.
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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 $1+.
It is true, and this is very detrimental. Ethereum is not like it used to be for transaction costs, the increase is very high and in my opinion this needs to be changed by Ethereum. Reduce transaction costs as before, so that Ethereum users are not disappointed.
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Now the fee of ETH i low but in future the ETH coin fee is going to be so much high like last time and this time ETH coin touch the high value almost 10,000$ and hope that we make good profit on that time through trading.
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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 $1+.
It is true, and this is very detrimental. Ethereum is not like it used to be for transaction costs, the increase is very high and in my opinion this needs to be changed by Ethereum. Reduce transaction costs as before, so that Ethereum users are not disappointed.
Well, we can talk about that situation for a very long time, but nothing will change ;(
Guess it's a nice kick for more trades and profitable deals
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Now the fee of ETH i low but in future the ETH coin fee is going to be so much high like last time and this time ETH coin touch the high value almost 10,000$ and hope that we make good profit on that time through trading.
If you think that ETH could be $10 000, then I think the best strategy is to hold it for a good time, don't you think so? ;)
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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+.
the very expensive price of gas for the moment I am on a Sunday and sent a token bzrx to poloniex exchange spent gas worth 1.5 USD really the price of gas is quite expensive for 1x send of course this is not good for the bounty Huter if gas is too expensive and the results token in can not be too precious if gas prices do not go down this would be burdensome delivery.
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Of course Ethereum gas price is more than bitcoin because last night I transferred my BAZT from my wallet to bilaxy exchange Wallet, oh alas I wonder minimum transaction fees 86 cent. Before transaction fees maybe 20 cent but nowadays my Ethereum wallet transactions fees 5 times increased.
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true , hopefully that will change after the POS
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This is becoming a big and repetitive problem whenever the number of transactions on eth increases. NOT JUST ETH bit also the Bitcoin mempool transaction are too high. Eth 2.0. Ant come soon enough.
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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+.
I think this should be a change in Ethereum costs, because the more expensive the price, many people will move to using a cheaper platform such as Ripple.
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I think this high transactions fees on the Ethereum network is currently obtained on it platforms. I have paid less than $1 to move a token to Kucoin from Myetherwallet but I jad paid less than $1 to move ether from my Binance account another personal wallet. I think the centralized exchanges charges less than $1 as transactions fees to move ether to other platforms. I advise the miners to reduce fees to accommodate more users on its networks.
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I haven't done a transaction on ethereum in a while so I checked ethgasstation (https://www.ethgasstation.info/) and this is what I saw:
(https://i.ibb.co/R77Phy2/Untitled.png)
WTF! Lol
Those are crazy high fees. I can't even remember sending fees more than 10 gwei.
Bitcoin fees usually goes down to 1 or 2 sats/byte on a weekend (Sunday). I don't know if that's the same with Eth but will check again in a few days.
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The reverse of DeFi LOL
We are facing a new wave and transaction fees are only one of the worrying signals. All expectations are still placed on ETH 2.0 with POS & Shardings, in which Shardings play an important role in increasing transaction processing speed.
Testnet will take place in 2 weeks, I think by then we will have the answer :)
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The reverse of DeFi LOL
We are facing a new wave and transaction fees are only one of the worrying signals. All expectations are still placed on ETH 2.0 with POS & Shardings, in which Shardings play an important role in increasing transaction processing speed.
Testnet will take place in 2 weeks, I think by then we will have the answer :)
Yes, most likely, such a situation with a high cost of transaction costs due to the congestion of the Ethereum network. The demand for this coin is increasing, and its scalability is still very low. This should be corrected when the Ethereum 2.0 improvements are introduced. They promise that the speed of ethereum transactions will increase to a thousand transactions per second, and then more. You need to wait a while before these improvements.
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Now the fee of ETH i low but in future the ETH coin fee is going to be so much high like last time and this time ETH coin touch the high value almost 10,000$ and hope that we make good profit on that time through trading.
If you think that ETH could be $10 000, then I think the best strategy is to hold it for a good time, don't you think so? ;)
Agree with you becasue ETH coin is a good coin and if e hold this coin it gives us goo profit in the future.
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Yes, I noticed it too and it worries me very much.
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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+.
I feel like this is a wrong analogy, etherum fees are now more than bitcoin fees and ridiculously uncalled for, etherum was supposed to provide balance and ease required of the crypto currency space and make the tokens and altcoins easier to send to and fro.
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Ethereum transaction fee is indeed very high currently and it's probably due to high demand of network usage and congestion. Hopefully the upgrade of Ethereum v 2.0 will fix this ridiculous fee. I don't even want to imagine how high the fee will be when ethereum price surges even higher
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i think eth gas fee too much for now.. i'm a bounty hunter, after received bounty reward and want to sell my token, i got surprise attack. ;D ;D gas fee more expensive than what I want to sell.
can somebody tell me? when eth 2.0 will complete and the cost will be cheap...
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These are just temporary difficulties. They have arisen due to the fact that the number of transactions using ethereum has grown significantly and the network has become clearly congested. Hopefully, the expected improvements will remedy the situation when the scalability of this coin grows to thousands of transactions per second.
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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+.
Yea, fee now gradually going high and thats very panic for us. But at the same time if market goes good, we can earn from different side and at that time fees is no factor. But if we don't have any income and project goes to scam at that time fees is very problematic for everybody. Actually we have nothing to do against fees and if we want to trade we have to give fees that may be high or low.
thanks.
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now fees is reduce check it on myetherwallet now its low fees
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now fees is reduce check it on myetherwallet now its low fees
ETH 2.0 Medalla Testnet is live. lets wait and see...
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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+.
Just yesterday, I was trying to send some tokens to Probit exchange, the transaction fee required 3.9usd worth of Ethereum for sending a token that worth just $20.
Sendimg Ether itself isn't that much but tokens on Ethereum blockchain is becoming difficult. It's discouraging. I hope they do something about it soon.
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now fees is reduce check it on myetherwallet now its low fees
What fee are you talking about,sending ERC20 tokens is still difficult, the transaction fee is still insane.
ETH 2.0 Medalla Testnet is live. lets wait and see...
It will take time before achieving this, this is Testnet and not mainnet
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Yes, I agree with you, eth transaction fees are now expensive, which I will question will eth prices be high? and what is the opposite of high eth transactions but eth prices are decreasing? and will this be valid forever or temporarily?
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Ethereum transaction fees is now higher than Bitcoin fee. Now minimum Ethereum transaction fees 0.0025 eth to 0.003 eth which is worth of $1.20 nearly but Bitcoin transaction fees is relatively lower which is 0.0001 btc that i am giving fees in blockchain wallet. Ethereum transaction fees is too high which is frastrating for the users and satisfactory for miners.
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6.44$ is still more.. Even when you do trust wallet or metamask.. Directly from uniswap, you will pay maybe less than 3$ or sometimes less than 2$
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6.44$ is still more.. Even when you do trust wallet or metamask.. Directly from uniswap, you will pay maybe less than 3$ or sometimes less than 2$
This is even better, I tried sending some USDT to and exchange, my trust wallet almost charged $9 worth of of ether to send $39 USDT. It's becoming annoying.
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i think it was attributed to the increase of value of ETH in the marketplace. once the price of eth will increase sometimes, the gas fee will also be increase because we are paying the ethereum digit and not in usd. once the price is high the numeric value of the ethreum gas will also increase in response to usd.. I'll Just hope that the dev team will make adjustment that would satisfy the platform user so it would not transfer to other crypto platforms.
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great to see your post but now low fees is 0.48 now its great
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no sir now at time eth fees is 0.2
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That's why currently I mostly hold my tokens in wallets because the gas fee is very high. Chances are I will wait until the gas price stabilizes when I only use 2 gwai to send tokens
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I think it is better to hold eth if fee's higher than normal but so far eth fees transaction now is get back to low.
Save Eth and hold. :D
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no sir fees to low 0.1 is to low fees sir
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The fault is DeFi ^^
We are waiting for official reports from the Ethereum #DevelopmentTeam on the success of Testnet ETH 2.0. I think PoS & Shardings will help increase tps & reduce transaction costs, even DeFi hay CryptoKitties coming back is no longer scary.
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Very sad Ethereum transactions fees is very much more than before. Today I transact my cartesi coins to Binance account wallet but transactions fees more than 50 cent. It already doubled than the before. So Ethereum transact fees are becoming bitcoin transactions fees equivalent.
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Lemme re write this. Etherum is now in level with Bitcoin fees, and even more than bitcoin charges. Especially if you try to send out altcoins, it charges as high as 7$, and close to 10$ just this afternoon. The coming bull run will be an expensive one it seems.
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ETH coin price is going to high like the same ETH fee is going to high day by day and i hope that soon the ETH coin is cross the 500$ and i hope than the next is 1000$ in just some months.
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Now the fee of ETH i low but in future the ETH coin fee is going to be so much high like last time and this time ETH coin touch the high value almost 10,000$ and hope that we make good profit on that time through trading
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High transaction fees for ethereum transactions are temporary. Due to the increase in the number of transactions, the load on the network has increased and therefore the commission has become more expensive.
Buterin promises that after the implementation of the Ethereum 2.0 improvements, at the initial stage, the scaling of this coin will grow to a thousand transactions per second, and within two years even to a hundred thousand transactions. Then the commission costs should be low.
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it's not really surprising since Ethereum is getting higher value against USD these past days. It will continue to increase if ethereum developer will not do something about it. Hopefully, they will lower their ethereum gas as these will affect the whole platform. Many users will change to other platform if this will continue to rise.
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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+.
Miners are actually smiling this period, yesterday I regretted sending tokens to an exchange with gas fee f over $2.5 without me knowing the tokens I sent have dropped in value to less than $1, painful experience
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If ethereum developer will not take action against higher gas fees then they will be the lower position because many users will change to other platform. So as early as possible decrease the high gas fees. Already some coins have taken the scope and make them flourished.
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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.
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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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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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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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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.
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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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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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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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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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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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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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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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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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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
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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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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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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.
Well, I see many investors have waited ethereum 2.0. the advantages of ethereum can be transferred very quickly, but high fee. I have ethereum 2.0 will be solution, but we don't know when ethereum 2.0 will launch.
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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.
Well, I see many investors have waited ethereum 2.0. the advantages of ethereum can be transferred very quickly, but high fee. I have ethereum 2.0 will be solution, but we don't know when ethereum 2.0 will launch.
I am also waiting for Ethereum 2.0 fully launch. I am also tired of their transaction fees which is a matter of concern in the recent time. If it will be fully launch without problems, i hope all problems like slow network for huge crowd, network fees, single VM, single chain etc. Investors, miners and network users will enjoy many facilities than before.
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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.
Well, I see many investors have waited ethereum 2.0. the advantages of ethereum can be transferred very quickly, but high fee. I have ethereum 2.0 will be solution, but we don't know when ethereum 2.0 will launch.
well, including myself, I really look forward to ethereum 2.0 which will come soon because until now I have prepared a lot of ethereum that I am ready to sell when the price goes back up again.
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Yes ethereum gas fees is too high but ethereum 2.0 will be a good solution to many issues ethereum 2.0 will be completed in next month the whole ethereum community is waiting for that but the price of ethereum has started to pump so let's wait for the next few weeks.
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Looking forward to launching Ethereum 2.0. I hope good results. At the moment I am going to make some investments. In which I use eth wallet for transactions. More I have ethereum. Which I bought in 2019. At present the price has gone up a lot. However, I have not yet heard that eth 2.0 is good. So we have to be patient and hopefully a lot of improvements will come after the launch of ETH 2.0.
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There is no doubt because Ethereum is used a lot.
Maybe the miner wants to have enough money from the mining fees, so that Ethereum mining is increased.
I don't know what other factors make this Ethereum transaction fee expensive because I also feel uncomfortable for now, especially when sending tokens of type erc20.
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Of course, many users don't like the fact that transaction prices on the Ethereum network are constantly rising. But in addition, you need to take into account the fact that the price of Ethereum is growing, and the degree of demand for the platform in the market is also growing, as evidenced by the low transaction speed for this period. I believe that the situation will change significantly with the Ethereum 2.0 update.
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The commission on the Eth network is prohibitively high, but Ethereum miners received $262 million in income in November, such amounts reanimated Eth mining to an industrial scale. Starting in the summer, Chinese mines began to dramatically increase their production capacity, PoW mining will last until ETH 2.0 appears, and all this time miners will keep a high transaction price, we still have to endure for about 2 years.
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Ethereum gas fee is rising like bitcoin. The current gas fee is much higher than before. As a result, we, the users, are suffering. But I think that will be the solution.
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This news has spread widely to various sectors because this news is also very sad for Ethereum.
It is true that the cost of sending this ERC20 token is very expensive and exceeds the sending fee for Bitcoin.
Now there is Etheruem 2.0 and hopefully this is the best solution for these fees because I think that also underestimates public trust.
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Ethereum's gas fee has increased a lot compared to before. Many of which are currently at a loss. There is currently a gas fee of about $2 to send $10 Etherium. I think it will be fixed in a very short time. Everyone thought that the gas fee would go down a lot after Ethereum 2.0 lunch. But so far it has not been reduced. It is expected to be reduced in the future.
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After the launch of DeFi projects, ETH gas fees are very high, and everyone is confused about the fees because the user paying more than $4 for the normal transaction and sometimes almost $1 for 1 transaction, so I think fees should be less than $1 is affordable for crypto users.
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I have to pay many times over $ 1 for my transactions. Although I only trade at $ 4 to $ 10. This makes me very uncomfortable with ETH but ETH is the coin that I trust the most in the present time. I hope ETH2.0 will resolve this annoying point of mine in the near future
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I hope that in the coming time, the GAS fee in ETH is adjusted to an average level no longer as high as at present. This is the biggest barrier for newcomers to invest like me
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I think you invest when you need it, we give it to use. If you are wise, you can increase the number of coins from the initial coin more if you focus on it
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I'm glad that the GAS charge is back to normal
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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+.
Yes, It is so high. But try to wait the Ethereum 2.0 affect.
Maybe at the next year. Keep calm and wait.
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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+.
ETH fee is high this time this is true becasue the ETH coin value is high if the value is high than the transaction is also high and this time the fee is not much high in future the fee is more high than this time.
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At the moment it seems that Ethereum Free is being cut more and more in the same way that Bitcoin has become like a fee, but if any senior brother knows why this has happened, then we must discuss a little so that we can learn a lot from Oikhan.
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At the moment it seems that Ethereum Free is being cut more and more in the same way that Bitcoin has become like a fee, but if any senior brother knows why this has happened, then we must discuss a little so that we can learn a lot from Oikhan.
The fact is that the team has planned to carry out the final steps for the transition to version 2.0. This will happen after the London hard fork in July this year. Of course, miners do not agree with this, since they do not want to lose their profits, and therefore the transition to the PoS algorithm will be unconditional and mandatory.