Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: ttcsalam on December 18, 2020, 05:10:17 PM
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
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Well that is always part of the bullish market that causes congestion. If you want to Save better not to make any transaction yet but since you did, meaning you are in urgent matter.
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Yes, it is true, but we can do nothing with this. This is the fact right now that the fee of ERC20 Ethereum platform is very high. Moreover in certain hours. My suggestion is always to check again the fee before transferring an hour per hour. there are some probabilities the fees are low in some certain hours.
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Yes, it is true, but we can do nothing with this. This is the fact right now that the fee of ERC20 Ethereum platform is very high. Moreover in certain hours. My suggestion is always to check again the fee before transferring an hour per hour. there are some probabilities the fees are low in some certain hours.
You gave a good suggestion. So it has to be done.The transaction has to be done only when the transaction fee is low.However, the transaction fee should be less than the transaction amount.
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Yes, I experienced the same thing with you, I only make transactions when the tokens I have really have a good price in the market and will leave them in my wallet if the price is low.
I think ETH 2.0 is not fully operational yet, we still have problems with high gas costs
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Not only you but also most of the users of Ethereum network are annoyed with this transaction fees and DeFi projects require more fee which is unbearable for low volume transactions.
We have nothing to do for reduce transactions fees over night. Only we can avoid time when gas fees is too high and wait for lower fees when transaction pressure are lower.
This transaction fees won't be reduced over night. Ethereum 2.0 already stared and it is a long time process. We need to wait at least phase 2 completed which can take upto 6-10 months from now.
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6-10 months is a very long period. I am more than sure that it will take even more time. Thus sadly fees amount will keep growing. Bounty hunters are in worst position right now. Projects decreases budget and rewards are often less than the cost of transfering it.
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6-10 months is a very long period. I am more than sure that it will take even more time. Thus sadly fees amount will keep growing. Bounty hunters are in worst position right now. Projects decreases budget and rewards are often less than the cost of transfering it.
Right, It needs more than 1 year but at least 6-8 months needed to be benefited from it. And it is also right that Bounty hunters are suffering much as the budget of project is now very low. Transaction costs are greater than bounty payment that's create a history.
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6-10 months is a very long period. I am more than sure that it will take even more time. Thus sadly fees amount will keep growing. Bounty hunters are in worst position right now. Projects decreases budget and rewards are often less than the cost of transfering it.
In fact, it's a little over 6 to 10 months, and it's really hard for those of us who are hunters. Even then we have to work with who we are. We have nothing else to do but it.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
High gas fees are making small investors frustrated when Ethereum price is high and transaction fees are making us switch to BTC investment so the price of BTC gas is not huge. New altcoins are also attracting us
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It seems you need to look at gasstation to avoid high fees, currently the gas costs are still above 75gwi and I will not make transactions in small amounts because it will consume the amount of ethereum you have if your transactions always fail due to the length of confirmation on the ethereum blockchain.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
Yes mate, except you want to transfer an erc20 token, i think it is better to convert to other coins like LTC, TRX WAVE to reduce transaction fees. At this bull run period, the erc20 transaction fee are very high and it not encouraging, transferring coin/tokens should be carry out with other coins.
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We should have waited for cheap transaction fees first and then sent our assets, because if the transaction costs are not always high. There are ups and downs seeing the condition of the platform, if the transaction is solid then it is definitely expensive because people will charge high fees so that transactions are quickly confirmed. And we must avoid times like that, unless it is very urgent and cannot be delayed anymore.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
At times like this we can't do anything.
As each ethereum price goes up, its gas goes up.
The best solution for bounty hunters is not to make transactions if the coins you want to send are low value. But if the coins you want to send are of high value, you can
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I completely agree with you, so the Ethereum developers released the first stage of Ethereum 2.0 and as I understand it, with the next stages, the gas price should fall, but when it will be unknown, so you should check the gas price from time to time and make transactions when the gas price is the lowest.
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I completely agree with you, so the Ethereum developers released the first stage of Ethereum 2.0 and as I understand it, with the next stages, the gas price should fall, but when it will be unknown, so you should check the gas price from time to time and make transactions when the gas price is the lowest.
According to the developers, the transaction price should drop at least a hundred times and the bandwidth should increase to 100,000. But until this happens, the commission can be adjusted manually, especially when using Trust Wallet.
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However, the transaction fee should be less than the transaction amount.
You cannot dictate what the transaction fee should be. It's an open network where anyone is free to choose how much gas fee they want to use for their own transaction. The other senders won't know about the amount of your transactions and the miners won't care either.
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I am also facing issue. Presently the fees of ERC20 is high enough for me as well. In addition in certain hours. My proposal is continuously to check once more the transaction fees, some time after an hour. Its because of market capitalization. The biggest pump in 2020.
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It's true the gas prices remain hideous and I wouldn't bother competing with the high 3 figure gas prices others are paying for. Personally I will put in transactions for 20-30 gwei, which with tokens cost aorund $1, or otherwise 30 cents for Ether transfers, and wait for necessary amount of time for confirmaiton.
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Yes, Ethereum gas fees are much higher now. Due to which everyone is suffering a lot of problems. Everyone hoped that the gas fee will be reduced a lot after the launch of Ethereum 2.0. But it has not been implemented yet. If the Ethereum gas fee is not reduced in the future, I think Ethereum will be a big loss. It currently costs more than 2 to send 2 Ethereum.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
Gas fee is too high. Small investors like us have almost no profit. Maybe I will leave Ethereum in the near future and switch to new platforms that promise more growth
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
Yes, GAS fee is one of the points that make traders increasingly abandon Ethereum when the price of Gas wua is high, I am transferring money to new platforms like BEP20 or TRC20, and what about you?
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
Yes, GAS fee is one of the points that make traders increasingly abandon Ethereum when the price of Gas wua is high, I am transferring money to new platforms like BEP20 or TRC20, and what about you?
đây là một điều rất khó chấp nhận khi lợi nhuận của các nhà giao dịch phải bị chia rất nhiêu cho phí GAS. tôi đang cảm thấy chán nản và muốn đầu tư vào các nền tảng mới
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Is Ethereum joking around with investors when its gas fees are too high, reducing investors' profits?
does Ethereum no longer respect investors as they do not deal with the GAS fee issue
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The price of eth has gone up and so will be the transaction fees, any transaction you are making now especially transferring alts has a high fee compare to few days back, this has already been said that once eth price increases the fees will also increase, eth 2.0 was suppose to bring a solution but this will take some time before any positive effect will occur.
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Unfortunately, we are not in the position to control this annoying matter of ethereum. We can choose to lower the gas but that only if you are willing to wait and also it is better not to make any transaction if you are just withdrawing a small amount of fund.
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Is Ethereum joking around with investors when its gas fees are too high, reducing investors' profits?
does Ethereum no longer respect investors as they do not deal with the GAS fee issue
Mate, do you have a basic understanding on how ethereum transaction works? Do you even follow ethereum developments? Does ethereum 2.0 ring a bell?
Those who are buying ethereum for trading and/or long term investments aren't bothered with the gas fees anyway. A $1 or even $10 fees are measly to them.
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It is not very friendly for sending bounty tokens today.
If the gas for Ethereum transactions is around 200 gwei, then the transaction to send Ethereum is around 10 USD and for sending tokens it is definitely more than 20 USD.
This is really more expensive when compared to sending Bitcoin, maybe the token from erc20 will have to have a more genius understanding for this kind of problem.
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I just see a solution (L2 AMM) for the expensive fee on the Loopring twitter a video where a tranzactions of 10 $ (eth-usdc)on loopring dex have a cost fee only 2 cents.
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We cannot alleviate or reduce these costs because this is the demand of miners and the price of Ethereum continues to rise.
The cost of GAS depends on the price of Ethereum, the more expensive Ethereum, the more expensive the GAS transaction.
This method is widely discussed in various media and it definitely falls into a very good category for Etheruem but sad for Bounty Hunters.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
You say the transaction fee should be reduced. Do you think developers will hear you here. We all know that no one here can solve the problem. I also hate the Ethereum transaction fee but no one I can do.
To prevent that, wait it until gas reduce
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This ether high transaction fees has been a problem of its own I think the mangement behind the system should do some thing about this before is out of hand, because of this transaction we have not been able to recieve out token airdrop bounty, the team of the crypto project has been complaining about fees is high.
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If a token wants to exceed the price for being transferred, the token must indeed be incarnated following the changing times on the Ethereum market.
Tokens that are not able to compete are tokens that have no money and this is a factor in Dev's lack of cooperation with the coins he creates.
I think this is a common thing that has happened in the cryptocurrency market because tokens can be valuable if they have a lot of EThereum Liquidity.
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I agree that the prices for transactions are high, but there is nothing surprising here, since the entire market is growing that way. It is necessary when it is more or less restored and then I think gas prices will be lower.
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You are absolutely right now transaction fee is very high. This is very harmful for every bounty Hunter's. This is very unnecessary to more transaction fee. Some days ago transaction fee has 2$ but now transaction fee is more increase. Now transaction fee 2.5$. I think this is very high amount to transaction fee.
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Ethereum will grow until the hard fork launch date is announced, everything is ready and can take place at any time. Thereafter, Gas prices for some operations may drop significantly.
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When the market go high then the transaction fee is very high and i also pay almost the 6$ fee to send my coins to another wallet but this is low fee for me becasue i have good amount of coins and i just make good profit through that so this is low fee for me.
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Over the year, ETH has risen in price by more than 600% and brought in twice as much profit as Bitcoin. This could be the beginning of a long-term growth phase. If the growth continues at such a pace, then the commission on the ETH network will grow to a huge size, this may stop trading on exchanges.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
Yes transaction free credulously high. If i withdraw suppose three dollars then the trisection fee will be approximately three dollars then what is the benefit to withdraw my money. It should be reduce immediately.
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This is usually happening before if the network is congested. So, people who want their transaction to be completed fast will pay a bit higher price than the normal but in your case I think $2 is the average gas transaction of today so better if you will send a higher value next time so that it will be fair to use the average gas fee.
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Certainly more than double the transaction fees for transferring coins. Today, $1.43 on $1 transfer has been deducted.
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The undeniably high fees are very sensitive for those users who are transferring very small amounts of funds. But if you transfer more, the transaction price will not change significantly. The situation is the same when transferring Bitcoin.
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My experience yesterday when transferring tokens failed because of an increase in the fee price. Even though the token I sent was quite small in value, I was very disappointed with the transaction crocodile which was very expensive.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
That fee is already cheap when I log in to MyCrypto wallet the fee is $3.00 to $7 so if you are losing money if you are going to send a small amount, gone are the days when we can spend 5 to 10 cents on gas fee, I guess it will take some time before the fee go back to that amount, I have a hard time selling some of my altcoins because of this.
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when you have problems with very expensive transaction fees, maybe you can use other alternative coins such as TRX or others that have transactions that are not too busy, because the high transaction fees are actually from the density of the existing transactions.
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when you have problems with very expensive transaction fees, maybe you can use other alternative coins such as TRX or others that have transactions that are not too busy, because the high transaction fees are actually from the density of the existing transactions.
On one hand yes there is loads of coin and tokens that could as easily substitute eth the problem is that so many projects use eth as layer 1 for their token and want it or not without a choice pay eth gas fee
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Thats why I'm slowly moving away with Ethereum in terms of sending and making a transaction, Tron and Binance Smart Chain is much stable and fast compared to Ethereum these days the only edge of Ethereum is the popularity that was induced by the DeFi projects. But without Defi, I think Ethereum price will not go these high as it was today.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
for now the ethereum transfer fee is very expensive. because currently ethereum continues to creep up in price.
That's not all, but see if Ethereum hits the $ 4000 mark. transfer fee over $ 2
I think this is reasonable.
but for bounty hunters it is very sad. because every time you take part in the bounty, the payment will always be delayed, the reason is because the transfer fee is too high
Yes transaction free credulously high. If i withdraw suppose three dollars then the trisection fee will be approximately three dollars then what is the benefit to withdraw my money. It should be reduce immediately.
As Ethereum prices continue to rise, it is highly unlikely that transaction costs will be reduced. and maybe this is the effect of ethereum will start the 2.0 release
there was no other way but to wait until everything was back to normal.
If you want to sell Ethereum coins, it's better to sell after they have a value above $ 200. if only $ 3 don't need to sell. just waiting for the time
when you have problems with very expensive transaction fees, maybe you can use other alternative coins such as TRX or others that have transactions that are not too busy, because the high transaction fees are actually from the density of the existing transactions.
Maybe the OP meant to pull ethereum from another ERC20 to another ERC20 to sell tokens or as a transaction fee in another wallet.
so that if you use TRX is very unlikely
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yes, this is of course very detrimental for etherum wallet holders due to high transaction costs, after the launch of eth 2.0 this has not given a good performance for gas costs, say that this will last approximately 1 year and will return to normal.
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Transaction fee is still high. And sometime it cost $10-$20 USD for sending ERC20 tokens.
Maybe, High price of ethereum is main cause.
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Over the past couple of months, the problem of high fees in the blockchain network is relevant, the transaction fee can range from 2-8 dollars
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I myself also feel very uneasy about this transaction fee. Hopefully there will be a solution to this problem soon. because it's very unsettling for a small player like me.
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I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.
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I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.
You are right , this situation is very bad for new projects and all transaction use Ethereum. I think transaction fee is so high. I hope Ethereum 2.0 will solve this problem, but Until now, Not yet. Let's see and wait.
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I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.
You are right , this situation is very bad for new projects and all transaction use Ethereum. I think transaction fee is so high. I hope Ethereum 2.0 will solve this problem, but Until now, Not yet. Let's see and wait.
I see ETH 2.0 will use Beacon chain, can a token like ERC20 be sent via Beacon chain? What do you think?
will we see our token conversion like binace smart chain, sending tokens from exchange wallets that have BEP or BSC network options.
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Indeed the problem is with the transaction fees of Ethereum itself, this is because Ethereum has a high price in the market for now.
If we compare it to TRON, Ripple or Stellar then it is certain that their transaction fees are cheaper because they have cheap coin prices in the entire cryptocurrency market.
But if TRON has a price of 1 TRON, it is around 1400 USD and the transaction fee is 1 TRON then we will be charged 1400 USD for the transaction only if we use the TRON blockchain (trc20). yuhuuu!
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Problems like this are very common in transactions on the Ethereum Blockchain, very expensive transfer fees that really irritate us. Moreover, the value of the token that we send is small, so we better not send it. If we want to ship a small quantity, we better wait for the cost to go down first, but waiting is very tedious!
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Eth 2.0 was expected to correct this high transaction fee together with other issues on the network but unfortunately things haven't change much maybe it will later on, for now, all erc20 token holders are facing a high transaction issue, it is very frustrating to be spending so much on gas fees, i know there are times it is low but most times it is very high, i wish something can be done about it.
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Before launched Ethereum 2.0 platform, we all aspected that Ethereum gas fees may be decreased but nothing has been come true. Ethereum gas fees not change and growth a more accurate.
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We can do nothing but wait for transactions on the erher network to start to decline, the current network looks congested because the miners will increase their hastrate so that a large number of shipments can be quickly confirmed, the impact is that the costs will be even higher as the recipients increase the gas cost as they wish. .
ETH 2.0 is still in phase 0 and we will need patience to see both chains work on one network.
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Before launched Ethereum 2.0 platform, we all aspected that Ethereum gas fees may be decreased but nothing has been come true. Ethereum gas fees not change and growth a more accurate.
Yes , I see many people complain about the high cost or gas fee. I think It is normal. They hope Ethereum 2.0 launch will solve gas issue. about until now, gas fee is so high. I hope Ethereum team will have the solution of this problem . Let's see.
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transactions using the ethereum platform are currently very expensive especially in bitcoin is also expensive, you should be able to use other alternative coins such as TRX or EOS which in my opinion can be cheaper, if you sell assets pay attention to the exchange there are coins that are cheaper or not if not Yes, wait and wait until it is registered at another exchange.
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I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
You are absolutely right. The biggest problem with Ethereum is its transactions fee.A few days ago Ethereum’s transaction free was fairly low. That was $2. But now Ethereum's transaction free has exceeded 2.5 $, which I think is a small bounty hunter like us there are very problem to high transaction fee. I hope when release 2.0 technology than transaction fee has dum.
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This is the biggest problem right now. Everyone is suffering from this problem now. This is very unfortunate for the Bounty Hunters.