Post
Topic
Board Altcoin Discussion
Re: ETHEREUM: THE RAPID FLUCTUATIONS IN GAS FEES
by
RussianEnglishTranslation
on 15/11/2021, 05:35:31 UTC
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🗑
My last transaction was quoted at over 500 usd, fk that. I've moved all of my funds to Fantom and NEAR protocol and now I farm exclusively on Spookyswap and Ref Finance. Never looking back.