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[NoLimits15]

The ethereum transaction fees are now around $11 which is higher than ever due to increased levels of activity on the network. The number of miners on the network have also increased giving rise to the network's overall hash power. The hash power is now at 250 terahashes per second. More miners have joined since the rewards given for finding a block are much more than before. DeFi is also a major reason why people want to use ethereum network more often.

 

[Niftyicon]

The ethereum transaction fees are now around $11 which is higher than ever due to increased levels of activity on the network. The number of miners on the network have also increased giving rise to the network's overall hash power. The hash power is now at 250 terahashes per second. More miners have joined since the rewards given for finding a block are much more than before. DeFi is also a major reason why people want to use ethereum network more often.

I am so tired and frustrated with ethereum and its gas fees. I am even so reluctant to carry out any transaction through ETH since it will take a big percentage of my funds for gas fees.

 

[Wisdom01]

Is the erc20 token that's on the Ethereum network also causing these same issue of high fees ! because it's obvious it's increasing daily

 

[Josemendez]

Yesterday I lost close to 15$ on ethereum gas fee while trying to stake a token. The annoying part of it is that gas fee are not refundable

 

[Brain]

I am so tired and frustrated with ethereum and its gas fees. I am even so reluctant to carry out any transaction through ETH since it will take a big percentage of my funds for gas fees.

Well stated, it is not only frustrating but very annoying too that gas fees has triple now. Making transaction with eth is a no go area for me now.

 

[ELSA-ELI]

Yesterday I lost close to 15$ on ethereum gas fee while trying to stake a token. The annoying part of it is that gas fee are not refundable

That is so sad to learn of abd hope it gets better,somebody explained the trick in the right days to make btw withdrawals and it worked.I now don't struggle but rather choose the data and time to make btc withdrawals.My hypothesis is that there is a trick too for Ethereum cheaper withdrawals.

 

[Wisdom01]

Yesterday I lost close to 15$ on ethereum gas fee while trying to stake a token. The annoying part of it is that gas fee are not refundable

Oh you would have use small coins to transfer to avoid those high fees by those large coins like BTC , Eth and others I think it would be better

 

[Niftyicon]

Well stated, it is not only frustrating but very annoying too that gas fees has triple now. Making transaction with eth is a no go area for me now.

We are on the same page. All i'm doing now is waiting to see if there would be an improvement on the network that would bring down the gas fees.

 

[Josemendez]

That is so sad to learn of abd hope it gets better,somebody explained the trick in the right days to make btw withdrawals and it worked.I now don't struggle but rather choose the data and time to make btc withdrawals.My hypothesis is that there is a trick too for Ethereum cheaper withdrawals.

If you don't mind can you share the tricks for getting low gas fee in ethereum transactions ? , I believe it will help most of us here because we do use ethereum

 

[Wisdom01]

We are on the same page. All i'm doing now is waiting to see if there would be an improvement on the network that would bring down the gas fees.

Instead of waiting you can convert to otherr coin to send and receive transaction and bypass those high transaction fee

 

[ELSA-ELI]

If you don't mind can you share the tricks for getting low gas fee in ethereum transactions ? , I believe it will help most of us here because we do use ethereum

Yeah am working on a strategy and am almost done,its similar with the btw analysis where you choose the days where the network is not conjested then thhour to transact aswel.It's more efficientwith a metamask wallet.

 

[Niftyicon]

Instead of waiting you can convert to otherr coin to send and receive transaction and bypass those high transaction fee

I really do not understand. Can this be done in just about any wallet? Will the conversion not require transaction fees on the ethereum network?

 

[Josemendez]

Yeah am working on a strategy and am almost done,its similar with the btw analysis where you choose the days where the network is not conjested then thhour to transact aswel.It's more efficientwith a metamask wallet.

Ok . I only wonder how best one will be able to know the days when transactions is not congested . What strategy do you use to know such days ?

 

[ELSA-ELI]

Ok . I only wonder how best one will be able to know the days when transactions is not congested . What strategy do you use to know such days ?

There is a proven one for btc,i got it from one of the threads in the btc forum.You can get the full verification from @Niftyicon.But this one requires a bit of some calculations.Am working it out over and over until its proven to be working.It was successful twice.Since gas is the unit of measurement of the actual cost of any operation on the Ethereum virtual machine and we know that Ethereum is a block chain where smart contract are executed.The process follows that
each available operation will need a certain ammount of gas to the smallest unit in gwei,in a nutshell addition of 3 intergers will require 4 gases.If we crack that we should not have problems sending even smaller amounts.I should release it by the course of the day.It should work well with metamask.

 

[Wisdom01]

I really do not understand. Can this be done in just about any wallet? Will the conversion not require transaction fees on the ethereum network?

There are coins like LTC and the transaction fee to convert isn't much when you use an exchange site for conversion , my opinion about it

 

[Josemendez]

@Elsa thanks for the feedback . I will check the guys profile and I will also wait for your update later on because I won't want to continue experiencing these high transaction fees .

 

[Brain]

There are coins like LTC and the transaction fee to convert isn't much when you use an exchange site for conversion , my opinion about it

Yeah I think high fees is mostly about coins that are consistently used but for lesser used coin the exchange fees is lower so investing in them is very easy

 

[bitforex22]

time to get on currencies like tron just 0.1 trx for activating your account first time and other 0.1 trx every time you send a trx transaction ( less than 0.002$ approx )

 

[Wisdom01]

I really do not understand. Can this be done in just about any wallet? Will the conversion not require transaction fees on the ethereum network?

The conversion will require fee but it won't be on the Ethereum network there are other network apart from Eth network , you can use other coin

 

[Niftyicon]

The conversion will require fee but it won't be on the Ethereum network there are other network apart from Eth network , you can use other coin

For example, my ETH is in my trust wallet, will sending it to my wallet on an exchange site for conversion not incur same high gas fees?