The ETH blockchain is a crazy place to play now. So I initiated a transaction about 6 hours ago, the transaction took 6 hours before it finally got confirmation on the Ethereum blockchain network, I nearly did the cancel/replace option. First and foremost, I did my checks on ethgasstation and etherscan.io/gastracker before initiating the whole transaction and realised the "cheapest" gas fees was 98 Gwei. So to be on the safer side, I decided to use 100 Gwei (~$24) yet look at the stress I've been through all day. ETH blockchain is messed up now. What happened to ETH 2.0?.
Imagine if the transaction had failed after 24 hrs, I would have no choice but to cancel/replace the pending transaction with a higher gas fees. Clearly, with a failed transaction, ~ $60 worth of ETH would just go waste🗑
The ethereum network is really making things look so difficult nowadays. I am also having similar situation.
I have a token which I intend to swap for ethereum and withdraw from my metamask but the transaction fee alone is bigger than the actual money that will be left after deduction.
Infact, I need help here.
I'm thinking of bridging the token to Bsc network and withdraw using Bsc network even though I would still pay bridging fee.
What do you think...would that be a better idea?