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Cryptocurrency discussions / Re: How to earn a profit from Ethereum as its transaction fees have become expensive
« on: December 24, 2023, 08:36:47 AM »Hi！
Notice：
If high fees persist, the transaction volume of DEX and derivatives exchanges that rely on on-chain settlement for transaction confirmation may decrease.
The increase in transaction fees is related to the sale of stablecoins based on Ethereum.
Miner's income has increased significantly, but scalability innovation will curb the continuation of this trend.
The average transaction fee of Ethereum increased by more than 160%. The users bear higher costs, and the miners get a higher income, but this situation may change in the near future.
Ethereum's transaction fees have been rising in May, and the average transaction fee has been close to $ 0.3.
This is a situation that deserves attention because it makes using the Ethereum network more expensive.
According to the data of Coin Metrics, the average transaction fee so far in 2020 is 0.15 USD or 0.00085 ETH. However, the average transaction fee in May alone reached 0.29 USD or 0.00143 ETH.
There are exceptions when transaction prices generally rise. Taking Synthetix as an example, as of press time, the average transaction fee for casting SNX was $ 7.4.
During 2020, the average daily transaction fee income for miners is 631 ETH. But in May, this average has risen to 1216 ETH, which has nearly doubled.
Although users bear the burden of high transaction fees, miners are excited about the increase in revenue.
Ethereum co-founder Vitalik Buterin pointed out that the current miners earn higher fees than the estimated ETH 2.0 staking reward. This gave rise to the idea that Ethereum is developing into a fee-based market, and the demand for block space will push up transaction fees.
So there’s no doubt that ETH will rise in the long-term, especially with the upcoming ETH2.0 upgrade. However the cost will also become more expensive. Under this circumstance, to trade on ETH options can be a perfect choice to experience the growth of ETH price.
Take BitOffer Ethereum Options as an example, it requires 0 fees, 0 margins. The most significant feature of BitOffer Ethereum Options is its unlimited profit with limited risk. Whether the bull or bear market, investors are able to earn profits up to 1,000X. With the purpose of providing investors a precise hedge tool and an additional trading product.
If you have enough confidence with ETH, buy ETH itself and wait.
If you have a little hesitation or don't want to lose much, but still want to earn some profits from it, try ETH options
Hi friend, though your title and the post doesn't look aligned, however, Ethereum is known on various times to increase on its transactions fees. The more the crypto market prices (especially the ethereum price) increases the more every ethereum users has to pay higher transactions fees.
Now, there are few options to earn ethereum if this situations persist, these options are, Trading, mining, long term or short investing( Hold), airdrops and ethereum faucet.
