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Author Topic: Ethereum gash fee high.  (Read 16146 times)

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Re: Why the ETH gas fee so high?
« Reply #75 on: February 26, 2021, 01:19:19 AM »
Ethereum gas fees have really been much higher. The reason why etherium gas fees is so high is because of the increase in etherium price. The world price has now come down a bit which is why the gas fees has come down along with it. Maybe the gas fees will come down too soon or the Etherium platform will lose popularity.
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Re: Why the ETH gas fee so high?
« Reply #75 on: February 26, 2021, 01:19:19 AM »

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Re: Ethereum gash fee high.
« Reply #76 on: February 26, 2021, 06:41:33 AM »
At present the price of all coins is increasing as well as the gas fee is also increasing. There are many small on in this forum. If you can earn 30 dollars if you do bounty, you have to pay gas fee twenty dollars. This has caused a lot of big problems for small users like us. This can lead to many more problems if not resolved quickly.

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Re: Ethereum gash fee high.
« Reply #77 on: February 26, 2021, 03:10:36 PM »
It has become a problem for all crypto communities, especially ethereum lovers. and this is really very unsettling. when the token price goes up, why do gas fees also follow with a big increase. Hopefully there will be a decline again soon.
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Re: Why the ETH gas fee so high?
« Reply #78 on: February 26, 2021, 03:38:03 PM »
Ethereum is actually doing well, but indeed with the high gas fees, sometimes making good projects, they don't choose Ethereum as a smart contract. And indeed, gas fees are still high, I don't know if ethereum is not afraid of losing a lot of enthusiasts.
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Re: Why the ETH gas fee so high?
« Reply #79 on: February 26, 2021, 06:44:34 PM »
What is the main reason that the gas fee is so much high becasue now the ETH is down but the fee is high still.

It's because of the DeFi hype as more and more users want to confirm their transection faster than others and that's why those users are setting up a higher gas fee limit rather than the recommended one. When whales are doing this type of things to confirm their transections on ethereum blockchain, eventually gas fee is increasing though ethereum's price is dumping. Only large amount hodlers are doing this as they don't care about funds because they can make more profits from that. But low amount hodlers are facing this painful gas fee problem which can't be afforded.
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Re: Why the ETH gas fee so high?
« Reply #80 on: February 26, 2021, 11:58:26 PM »
I suspect it is because of many transactions that happened in this bullish season. It is increasing significantly during this bullish trend since many people transfer their coins. People transfer coins from their private wallets to exchanges' wallets, then they transfer again their coins from exchanges' wallets to private wallets. This should make the increase in gas fees.
« Last Edit: February 27, 2021, 12:02:56 AM by xeroz »
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Re: Why the ETH gas fee so high?
« Reply #81 on: February 27, 2021, 02:11:21 AM »
What is the main reason that the gas fee is so much high becasue now the ETH is down but the fee is high still.
Hey mate how can we comments the exact reason of growing Ethereum fees? It only can answer Ethereum authorities. May be Ethereum will loss it's popularity due to the gas fees demands.

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Re: Why the ETH gas fee so high?
« Reply #81 on: February 27, 2021, 02:11:21 AM »


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Re: Why the ETH gas fee so high?
« Reply #82 on: February 27, 2021, 03:08:16 AM »
What is the main reason that the gas fee is so much high becasue now the ETH is down but the fee is high still.
There have been many complaints that have been raised about gas fees but it seems that ethereum has not wanted to change it and this is also a big question why it is still doing this, what is happening in ethereum.

Hey mate how can we comments the exact reason of growing Ethereum fees? It only can answer Ethereum authorities. May be Ethereum will loss it's popularity due to the gas fees demands.
Yes, my friend, that if ethereum continues to do this and has no intention of changing it, it is clear that its popularity will be carried over to make things not positive, which is very unfortunate.
not to mention that later there will be an attempt to move to another platform with a cheaper price, of course we don't want that.
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Offline Review Master

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Re: Why the ETH gas fee so high?
« Reply #83 on: February 27, 2021, 08:57:19 AM »
May be Ethereum will loss it's popularity due to the gas fees demands.

It'll be temporary and won't last long as ETH2.0 is continuously developed by Ethereum Foundation which will be the solution for high gas fee. Projects and users might switch to other blockchain for a short-term and they'll be back to ethereum when shardchains are implemented and ETH2.0 will be launched.
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Offline Linda78

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Re: Why the ETH gas fee so high?
« Reply #84 on: February 27, 2021, 09:17:34 AM »
Too many people make cryptocurrency transactions on the Ethereum blockchain and recently various projects have been conducting IDOs and other various sales of cryptocurrencies on their platforms, which greatly loads the Ethereum network and of course, we should not forget that cryptocurrencies are becoming more and more popular, and of course Ethereum too, therefore, the load on the Ethereum network is also constantly growing.
Thank you for explaining this idea so beautifully that I didn't know it. Yes, you are right Cryptocurrency has been growing in popularity for three days.Little did I know that the transaction caused network problems. Those of us who are new users can know and understand a lot by reading your posts.

Offline dodok

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Re: Why the ETH gas fee so high?
« Reply #85 on: February 27, 2021, 10:12:11 AM »
Indeed, no one knows why gas prices are too high or this is due to eth 2.0 which will be launched, let's just wait for etherum 2.0 staking until April, we'll see what will happen in April.
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Offline Falcon

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Re: Why the ETH gas fee so high?
« Reply #86 on: February 27, 2021, 12:25:21 PM »
Gas price is too high because Ethereum increase from $500 to $1,500. This is what I think the reason why gas fee is high because of Ethereum demand globally. The huge interest from investors triggered the eth gas fee to increase. I'm not sure but maybe this is part of Eth2.0 preparation.

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Re: Ethereum gash fee high.
« Reply #87 on: February 27, 2021, 02:48:01 PM »
Currently the main problem for Bounty Hunters is that the Ethereum platform is gas free.  Most benefactors are unable to transact money due to high gas.  TRX Wallet is much better for transactions.  So etherium is used a lot in many projects.
« Last Edit: February 27, 2021, 06:13:00 PM by Acifix »
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Offline Hisbullah

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Re: Ethereum gash fee high.
« Reply #88 on: February 27, 2021, 05:26:21 PM »
It has become a problem for all crypto communities, especially ethereum lovers. and this is really very unsettling. when the token price goes up, why do gas fees also follow with a big increase. Hopefully there will be a decline again soon.

Yes I see, It is a big problem for cyrpto currency trader.  evacuee traders are more active to buy and sell. So I have seen many opinions here, I think Ethereum should have solution for this case. Let's see.
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Offline Monster5

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Re: Ethereum gash fee high.
« Reply #89 on: February 27, 2021, 05:28:03 PM »
Due to the extra gas free at Ethereum This is a big problem for all investors.But I think at the moment something Gas free has been reduced.And in the future I think gas free These will be further reduced.Then it will be best for all investors.

 

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