Gas fee on ethereum

[emmybd]

High transaction cost is a major problem for ethereum transaction. Sometimes it is high and sometimes it is low. You have to check from time to time when the transaction cost is low you can execute the transaction. I always do the same thing.

[Litzki1990]

I was about to do a transaction and the gas fee was very high! Any advice on how to get the lowest gas fees? I have looked at the heatmap, and I can see that at certain times and days, it's a bit lower. Any advice for a newbie? 

Thanks!!

This issue has been around for a long time, the most criticized in the Ethereum market and the most complained about by investors is its excessive transaction fees. A few years ago Ethereum thought of bringing their new technology to the market to eliminate this problem of excessive transaction fees but so far they have not succeeded in bringing their new technology to the market. They are working on Ethereum 2.0 technology till now and so far they have not succeeded in their work. If this technology succeeds in the market, hopefully there won't be the complaints we have about Ethereum.

[LogitechMouse]

I was about to do a transaction and the gas fee was very high! Any advice on how to get the lowest gas fees? I have looked at the heatmap, and I can see that at certain times and days, it's a bit lower. Any advice for a newbie? 

Thanks!!

Do it on weekends.

Currently, it's Saturday here in our country, and I tried to make a transaction on Ethereum Network and the gas fees when I did it is only $8. I did say the word "ONLY" because most of the time especially in the weekdays, the transaction fees on Ethereum can go to as high as $50. For now, that's the best thing that you can do if you want to make a transaction under Ethereum Network, but in general, gas fee on Ethereum is very high especially for an average investor compared to other L2's out there like Polygon, Arbitrum, etc.

My suggestion is that, as much as possible, don't make a transaction on Ethereum network if you are only transferring a few bucks or even a hundred bucks.

[Daiana]

[/quote]
Do it on weekends.

Currently, it's Saturday here in our country, and I tried to make a transaction on Ethereum Network and the gas fees when I did it is only $8. I did say the word "ONLY" because most of the time especially in the weekdays, the transaction fees on Ethereum can go to as high as $50. For now, that's the best thing that you can do if you want to make a transaction under Ethereum Network, but in general, gas fee on Ethereum is very high especially for an average investor compared to other L2's out there like Polygon, Arbitrum, etc.

My suggestion is that, as much as possible, don't make a transaction on Ethereum network if you are only transferring a few bucks or even a hundred bucks.
[/quote]


Yes, I realized that weekends are better so I will stick with that for the future. I also need to get comfortable and learn/use L2s

[TopT3ns]

I was about to do a transaction and the gas fee was very high! Any advice on how to get the lowest gas fees? I have looked at the heatmap, and I can see that at certain times and days, it's a bit lower. Any advice for a newbie? 

Thanks!!

This issue has been around for a long time, the most criticized in the Ethereum market and the most complained about by investors is its excessive transaction fees. A few years ago Ethereum thought of bringing their new technology to the market to eliminate this problem of excessive transaction fees but so far they have not succeeded in bringing their new technology to the market. They are working on Ethereum 2.0 technology till now and so far they have not succeeded in their work. If this technology succeeds in the market, hopefully there won't be the complaints we have about Ethereum.

Unfortunately, over time, Ethereum has not made improvements to its network, so currently the Ethereum network has a weakness in that transaction fees are quite expensive, even though Ethereum's network security is good, there are still weaknesses that other people take advantage of to create new networks.

[salad daging]

Unfortunately, over time, Ethereum has not made improvements to its network, so currently the Ethereum network has a weakness in that transaction fees are quite expensive, even though Ethereum's network security is good, there are still weaknesses that other people take advantage of to create new networks.

You can check out the gwei here https://etherscan.io/gastracker
Now the Ethereum network fee is cheaper but cannot be compared to the layer 2 network because it is different but at least with the current low gwei it is what many people expect as Ethereum users who often make transactions.

In the past when making bridge transactions it cost a lot of money but for now it is not more than $10 or even below, but for me this is already quite low.

[bitterguy28]

High transaction cost is a major problem for ethereum transaction. Sometimes it is high and sometimes it is low. You have to check from time to time when the transaction cost is low you can execute the transaction. I always do the same thing.

But what we are trying to establish here? is that why not have at least a normal fee instead of growing high and low? because if we are in a hurry sending but the fee is too much ? then how can we use ethereum right away.
in this matter people are changing their use for other altcoins .

[Litzki1990]

A big investor or a medium investor while investing does not think so much about when they will sell their investment but they definitely think about which platform they are investing in.  Generally, users on the Ethereum platform find it a hassle to transfer Ethereum because the transaction fees of Ethereum are the highest at all times. Since Ethereum has yet to solve this problem, their complaints will continue to come.

[Aanuoluwatofunmi]

High transaction cost is a major problem for ethereum transaction. Sometimes it is high and sometimes it is low. You have to check from time to time when the transaction cost is low you can execute the transaction. I always do the same thing.

Ethereum transaction fee is known to be high in general, even if you're not sending Ethereum coin itself but involves the use of any other coin on the Ethereum network, you are expected to pay a more higher transaction fee, we should know this as a common attributes for the use the of network, and before initiating any transaction, we should first consider the cost for making it if it can be affordable by us or not.

[Google+]

High transaction cost is a major problem for ethereum transaction. Sometimes it is high and sometimes it is low. You have to check from time to time when the transaction cost is low you can execute the transaction. I always do the same thing.

Ethereum transaction fee is known to be high in general, even if you're not sending Ethereum coin itself but involves the use of any other coin on the Ethereum network, you are expected to pay a more higher transaction fee, we should know this as a common attributes for the use the of network, and before initiating any transaction, we should first consider the cost for making it if it can be affordable by us or not.

When Ethereum transaction fees increase, this has become a natural thing when many people use Ethereum to send money, this will make the network increasingly busy and ultimately require gas fees that are more expensive than usual.

[MUGNIA]

There is no solution for this, just check diligently, in my opinion, because the gas fee will have time to be cheap, in my experience, it's cheap here, not like before, which was only 0.xx $, but at least it's cheaper than usual

[Daiana]

There is no solution for this, just check diligently, in my opinion, because the gas fee will have time to be cheap, in my experience, it's cheap here, not like before, which was only 0.xx $, but at least it's cheaper than usual

Of course, for awhile, I felt like I was married to the heat map and checking in on it every 5 minutes! I was able to do the transaction at a decent rate in the end. The first price I had was 100 dollars and it went down to 18 dollars.

[Gurujebs]

Of course, for awhile, I felt like I was married to the heat map and checking in on it every 5 minutes! I was able to do the transaction at a decent rate in the end. The first price I had was 100 dollars and it went down to 18 dollars.

Generally, during the weekend between Friday to Sunday, there used to be a decline in most blockchain with high fees price, they reduce during the weekend because less people tend to use the network during the weekend, I think that's why you were able to execute the transaction but I was surprised when you said you first $100 unless it's a smart contract transaction and not wallet to wallet address transaction or either it might be a bump in transaction as a result of spam, weekend transactions fees aren't always that high.

[JISAN]

High transaction cost is a major problem for ethereum transaction. Sometimes it is high and sometimes it is low. You have to check from time to time when the transaction cost is low you can execute the transaction. I always do the same thing.

The transaction fee of ETH was very low before but when the price of ETH increased then the transaction fee of ETH also increased since then many people started using BSC chain.  ETH's high gas fee gives the bsc, tron, sol, polygon network a great opportunity to become popular. If ETH's gas fee didn't increase so much, maybe other chains wouldn't be so popular. This is a big problem for small transactions. Because if a large fee is charged for completing small transactions, it makes the users unhappy.

[Daiana]

Of course, for awhile, I felt like I was married to the heat map and checking in on it every 5 minutes! I was able to do the transaction at a decent rate in the end. The first price I had was 100 dollars and it went down to 18 dollars.

Generally, during the weekend between Friday to Sunday, there used to be a decline in most blockchain with high fees price, they reduce during the weekend because less people tend to use the network during the weekend, I think that's why you were able to execute the transaction but I was surprised when you said you first $100 unless it's a smart contract transaction and not wallet to wallet address transaction or either it might be a bump in transaction as a result of spam, weekend transactions fees aren't always that high.

Yes sorry, maybe I should have specified that I wanted to lock some dai into the DSR so that transaction is a smart contract. And the 100 dollar was a random weekday when I wasn't aware of the big difference in gas price..