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Author Topic: When is Ethereum's gas fee relatively low?  (Read 5559 times)

Offline Tunir Baap

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Re: When is Ethereum's gas fee relatively low?
« Reply #30 on: March 17, 2021, 05:22:31 AM »
Currently, the transaction fee is quite high compared to about 1 year ago, it is almost rare to see transaction fees below 50 gwei, you should follow https://etherscan.io/gastracker to choose good times of the day to conduct transactions. I just made 1 transaction a few days ago with the cost of just 77 gwei = $2.3.


To reduce transaction costs on the Ethereum blockchain, we need:
+ ETH2.0 update is complete, with scalability 15 tps => 1K tps => 10K tps => 100K tps: I don't think the Ethereum team can do it before Q3 this year;
+ The development of layer-2 for Ethereum: the Ethereum community is looking forward to such projects, I think they will be useful to reduce transaction fees in the near future.
It is very difficult to say when Ethereum is less gas fee. However, I hope you have come up with a simple method here. If we adopt this method, we will be able to do some gas fee transactions within ourselves.Thank you brother for making such a beautiful post. I hope those of us who are having problems with gas free will be relieved at least a little.
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Re: When is Ethereum's gas fee relatively low?
« Reply #30 on: March 17, 2021, 05:22:31 AM »

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Re: When is Ethereum's gas fee relatively low?
« Reply #31 on: March 17, 2021, 10:41:36 AM »
In fact, we have seen that the price of Etherium has increased since the launch of Etherium 2.0.  But what will happen if the Etherium price increases, With the increase in the Etherium price, the network fees of the Etherium platform has increased several times. It is not possible to say exactly when the transaction fees of Etherium platform will be reduced. I believe that at some point the Etherium transaction fees will definitely come down as the Etherium platform cryptocurrency is in second place. I believe ethereum will  reduce the Ethereum transaction fees.
no one can determine when to return to origin for the fees charged for each transaction. because until now I just heard that it will be done in July, of course it is clear that there is still a long time to go because every day there are many transactions.
the fear is that the trust in the etherum platform is decreasing and there are those who are looking for opportunities to be able to replace their roles with other platforms.
because all will also look for alternatives to reduce the losses that can be obtained from each of these high costs.

*/ https://etherscan.io/gastracker
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Offline Mj joy

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Re: When is Ethereum's gas fee relatively low?
« Reply #32 on: March 18, 2021, 06:21:07 PM »
For the past few days I have not been able to trade any tokens due to Ethereum's extra transaction fees. When it comes to transactions, it is seen that the price of gas fee is much higher than my budget.And I would have benefited a lot if a brother had said that when Ethereum gas fee is less.
Brother, I can personally tell you a formula to reduce Ethereum's gas fee.  There are some times when you do token transaction, if you transact at that time of the day, the fee is much less. The time is from 2 am to 6 or 8 in the morning.  Or 30.

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Re: When is Ethereum's gas fee relatively low?
« Reply #33 on: March 18, 2021, 06:55:18 PM »
For the past few days I have not been able to trade any tokens due to Ethereum's extra transaction fees. When it comes to transactions, it is seen that the price of gas fee is much higher than my budget.And I would have benefited a lot if a brother had said that when Ethereum gas fee is less.
Brother, I can personally tell you a formula to reduce Ethereum's gas fee.  There are some times when you do token transaction, if you transact at that time of the day, the fee is much less. The time is from 2 am to 6 or 8 in the morning.  Or 30.
I have noticed this trend for a long time and I constantly try to make transactions only at night. I do not know what this is connected with, but most likely the Ethereum network is not so busy at this time.

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Re: When is Ethereum's gas fee relatively low?
« Reply #34 on: March 18, 2021, 09:59:24 PM »
The price of Ethereum is very boring but it advisable to move any erc20  base token to other wallets or exchanges during the dip prices, or during coin corrections. I have always target to move my erc20 tokens when there open opportunities even the bear periods. I just hope The Ethereum network improve on it's fees in the future otherwise, many people will reduce their transactions on the network.

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Re: When is Ethereum's gas fee relatively low?
« Reply #35 on: March 18, 2021, 10:00:44 PM »
Always check for changes in the price of ETH Gas every day, because yesterday I got a normal and quite cheap GAS price, and I didn't waste that opportunity to send tokens from a personal wallet to the market and I was able to trade my coins after being stuck in the wallet for a long time.Always check for changes in the price of ETH Gas every day, because yesterday I got a normal and quite cheap GAS price, and I didn't waste that opportunity to send tokens from a personal wallet to the market and I was able to trade my coins after being stuck in the wallet for a long time.

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Re: When is Ethereum's gas fee relatively low?
« Reply #36 on: March 19, 2021, 05:31:11 AM »
As the cryptocurrency market is always fluctuating, Etherium transaction fees are going up and down. Despite the popularity of the Ethereum platform, the transaction fee is much higher. Maybe at some point you will get Ethereum transaction fee but it is not possible to say when it will go down.
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Re: When is Ethereum's gas fee relatively low?
« Reply #36 on: March 19, 2021, 05:31:11 AM »


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Re: When is Ethereum's gas fee relatively low?
« Reply #37 on: March 19, 2021, 09:53:17 AM »
Brother, I have no idea when Ethereum's gas is relatively low. Because so far I haven't done a single transaction from the Ethereum platform. However, there are many senior brothers in this forum who can say a lot about this. I hope they can help you with this.
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Re: When is Ethereum's gas fee relatively low?
« Reply #39 on: March 19, 2021, 01:09:05 PM »
Nights on the weekends is the only time when fees are low. That is the only one to move funds cheap and quick. Just get used to paying a lot. Cryptocurrency or Ethereum blockchain is no longer cheap. Cryptocurrency is no longer cheap and quick transactions.
Or move to other blockchain. That is the only way.
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Re: When is Ethereum's gas fee relatively low?
« Reply #40 on: March 19, 2021, 01:25:38 PM »
The latest news from the developers is that in July the Ethereum chain will activate the "London" hard fork that will solve the current problems of high transaction fees. I find it very sad what is happening, but I find it worse to have to wait so long for a possible solution, it is best to use much cheaper and faster chains.
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Re: When is Ethereum's gas fee relatively low?
« Reply #42 on: March 20, 2021, 03:08:43 AM »
We all waiting for such kind of problems solutions because we already tried of being Ethereum network fees slippage. Today I can't trade/transfer my dexa coin due to the higher Ethereum network fees. What's should be done by me ???
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Re: When is Ethereum's gas fee relatively low?
« Reply #43 on: March 20, 2021, 06:21:33 AM »
No one know that when the price of the ETH is low but i hope soon they low the fee and that time we send our coins in a low price but now the price is double when we send the coins to another address.

Me too, I also hope  ethereum gas fee will decrease soon. Because We all know almost all of trader , inventors complaint about this problem, But till now etehereu team hasn't solve this problem.

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Re: When is Ethereum's gas fee relatively low?
« Reply #44 on: March 20, 2021, 07:01:47 AM »
How many transactions and exchanges did not make, below 20 dollars per commission has never been. And this is a big problem, as coins may not be worth so much, waiting for a drop in commission, or the old time when the fee for gas was 1-2$

 

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