Quote from: bakasabo on March 28, 2022, 08:19:04 AM

Quote from: mumang siat on March 28, 2022, 06:33:56 AM

Are Ethereum fees really that high? I remember seeing 200-300 gwei transaction prices, everytime market makes huge changes. We see market price changed for 5 to 10% during last 24h and Ethereum fees are as low as they were two days ago. Most of crypto gained 15-25% during last 7 days, Ethereum fees are still 10-20 gwei. People say that paying for $2-15 is expensive for a transaction, that they are used to pay <$1 for a transaction. But Ethereum does not cost $200-400 anymore. The product itself became expensive, transaction can not cost same as they were years ago. So does Ethereum fee really high ?

The concern about the high ethereum fees is actually only felt by those who follow the bounty campaign, for people who make large transactions I don't think it will be a problem for Ethereum transaction fees, even transactions must change from year to year, this will follow how they travel, but if compared to other transactions, is it true that Ethereum is more expensive than others, the expensive category really depends on the transaction used?

Quote from: Silberman on March 29, 2022, 04:30:21 PM

Quote from: Tony116 on March 26, 2022, 04:51:03 PM

Quote from: mumang siat on March 22, 2022, 04:34:54 AM

Quote from: John_40 on March 15, 2022, 08:18:01 AM

After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.

With this, I'm able to express my feelings.

The Ethereum network is very much avoided by people nowadays, because the gas fees for their transactions are quite insane, for bounty hunters this is the most avoided network for now, but strangely this network is still very big and strong for now, personally I also still wonder why this can happen, even though the cost of gas per transaction in their network is very expensive, it is better to avoid transactions on this network, because there are many other networks that are cheaper and more affordable

The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.

There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.

But the number of whales is limited, even if they can pay the gas fees what it is the point of a coin in which only the rich can move their coins? A coin like that will eventfully fail, so it is important this issue gets alleviated somehow by the ethereum developers, however taking into account that ethereum is moving to POS and this is a model that also benefit the whales then it is likely that you are close to the truth and the ethereum developers only care about those with a lot of capital to keep using their network in the future.

It can be said that the Ethereum class is the upper middle class, this network is growing and very profitable for those who have large capital. That's what I mean, that the use of the ethereum network is not suitable for those who do work on regular signature campaigns, because the transaction fees are more expensive than the results obtained, so there is no reason for those of us who do the work to continue using this network.