Post
Topic
Board Altcoin Discussion
Re: Ethereum fees are becoming like Bitcoin fees
by
ufaiz50
on 23/07/2020, 11:40:07 UTC
Lately ETH fees have been skyrocketing and I have been paying 50 cents for a normal eth transaction and over $1 for contract functions. Used to be a few pennies at most to get your transaction confirmed quickly.
You can make adjustments to the GAS according to the fee you want, but that will affect your transactions. I also experienced an increase in fees on transactions but that is not so much in my opinion and not so much a problem because you can adjust the GAS value according to what you want. ethereum raised their size block so I think the miners also increased their gas limit. The benefits also affect us with increasing block sizes.