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Author Topic: Ethereum gas price ridiculously high  (Read 28762 times)

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Re: Ethereum gas price ridiculously high
« Reply #90 on: December 28, 2020, 05:34:44 PM »
The gas price have always been an issue with bitcoin that is the case too as what it will cost to send BTC if it costs 150 k as with ether the prices of gas should drop with the new upgrade and since eth is dependant to BTC price this will be the chain BTC to eth eth to a token or a coin
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Re: Ethereum gas price ridiculously high
« Reply #90 on: December 28, 2020, 05:34:44 PM »

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Re: Ethereum gas price ridiculously high
« Reply #91 on: December 28, 2020, 05:58:51 PM »
When the market is going to be high the gas fee is regularly increasing day by day and when the ETH touch the 10,000$ at that time gas fee is more high.
In fact, the biggest problem is that the gas is free.  To exchange any token, you have to pay a certain amount of gas fee to transfer the bar.  Sometimes the amount of gas fee is more than this token.  So if the etherium token gas free was less then there would be many benefits.

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Re: Ethereum gas price ridiculously high
« Reply #92 on: January 31, 2021, 10:11:56 AM »
Ethereum is now the most popular cryptocurrency after Bitcoin. Ethereum is gaining popularity day by day.There are many benefits to using this etherium which is why people are attracted to etherium day by day. However, the biggest problem with this etherium is its excess gas free.Its gas free has increased so much that sometimes you have to draw with money from your own pocket.
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Re: Ethereum gas price ridiculously high
« Reply #93 on: January 31, 2021, 11:34:05 AM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
yeah, the gas fee was just crazy but as you can see, this does not stop the people from using ethereum blockchain. you could see the ethereum platform having congestion even though users are complaining of the network fee. this is the proof that ethereum is loved by so many ethereum loyalist.
in my case, I stop sending tokens to other wallet because of this gas fee. unlike before I wanted to split up my tokens if I got huge qty in one wallet. now, they all stock in one wallet.
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Re: Ethereum gas price ridiculously high
« Reply #94 on: January 31, 2021, 11:36:13 AM »
I think it has become a natural thing if ethereum's transaction fees are very expensive, maybe you can use other alternatives to get cheaper transaction fees, such as TRX or maybe others such as XLM or EOS because so far the high costs may be affected by there is an expensive exchange rate too.
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Re: Ethereum gas price ridiculously high
« Reply #95 on: January 31, 2021, 01:46:11 PM »
The fee is high more in the future becasue in the crypto market when the coin value is high the fee is also increasing in the market and we know that if the ETH coin value sis high in future the fee is also high at that time.

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Re: Ethereum gas price ridiculously high
« Reply #96 on: February 04, 2021, 01:09:26 PM »
Ethereum 2.0 is just a decoration of Ethereum's development prospects.
I am not sure Ethereum will continue to be supported if the cost of sending the token alone is not offset by the cost.
The logic is, when we send tokens and the tokens are cheap, GAS is more expensive for the transaction fees and it is ridiculous to do it by a normal minded person.

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Re: Ethereum gas price ridiculously high
« Reply #96 on: February 04, 2021, 01:09:26 PM »


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Re: Ethereum gas price ridiculously high
« Reply #97 on: February 04, 2021, 10:08:07 PM »
The price of Gas is very high indeed, this really makes people disappointed with Ethereum. Actually we can wait for the price of Gas to fall, but that is too long and very tiring. I am afraid that Ethereum will be abandoned by a new Crypto project, if Gas prices continue to be high.  Because Crypto projects also don't want to lose, they spend a lot of money just for transaction fees.

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Re: Ethereum gas price ridiculously high
« Reply #98 on: February 04, 2021, 11:18:30 PM »
Agree, how can the gas price be very expensive now. The current price of gas is about 308 gwei, it is really expensive and unbelievable. I think we all need to do something to lower this price. Vitalik needs to hear us and lower the price of ETH gas. If it continues, all of us will have difficulties sending our tokens. 
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Re: Ethereum gas price ridiculously high
« Reply #99 on: February 04, 2021, 11:50:58 PM »
Yes, you are right. ERC20 gas is damn so high. This is really killing me to spend many fees for transferring my tokens. Well, it is really a dilemma when we must wait for the price lower, but if so, the price of the token is down enough. This is a very damming dilemma, isn't it?
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Re: Ethereum gas price ridiculously high
« Reply #100 on: February 05, 2021, 03:29:48 AM »
Already many topics have been opened up about Italian's extra gas fee. I have seen many people discuss this extra gas fee of etherium.Ethereum's gas is currently growing fee. Currently most bounty managers are using the erc20 wallet as their bounty campaign wallet. Bounty on a low budget is often seen It is impossible to withdraw from the campaigns due to the extra gas free of this etherium.
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Re: Ethereum gas price ridiculously high
« Reply #101 on: February 05, 2021, 01:11:23 PM »
The high gas price poses problems for Ethereum token holders. I want to bring tokens to the exchange, but with a huge commission for gas, it is not profitable for me. Unfortunately, there is no alternative yet.  :-\

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Re: Ethereum gas price ridiculously high
« Reply #102 on: February 05, 2021, 03:55:47 PM »
The high gas price poses problems for Ethereum token holders. I want to bring tokens to the exchange, but with a huge commission for gas, it is not profitable for me. Unfortunately, there is no alternative yet.  :-\
Undoubtedly, small cryptocurrency users suffer in this situation, but the current situation should very strongly motivate the #DevelopmentTeam s to work on their projects and promote their tokens, so that their value exceeds the commission for their transfer by tens of thousands of times.

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Re: Ethereum gas price ridiculously high
« Reply #103 on: February 05, 2021, 04:02:25 PM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
You're right Ethereum's gas free is a big problem. Currently, some bounties have stopped paying, only Ethereum's gas is free. I agree with you that if Ethereum's go is not reduced then users will start dumping Ethereum. And of course upgrading to Ethereum 2.0 could solve the Ethereum Excess Gas Free problem.
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Re: Ethereum gas price ridiculously high
« Reply #104 on: February 05, 2021, 11:42:02 PM »
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
You just need to wait until the gas fee reduce, if you are lucky you can find low gwei, 0,005ETH/transaction. But I think still expensive

And today Ethereum makes a big move, The price increase massively. it means the Ethereum gas fee is keeps rising. We all need a solution for this..

 

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