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RE: Ethereum: Fees are disguting and this greed makes me sick

in LeoFinance3 years ago

You could just submit the transaction with 30-40 gwei and it might pass at some point in the week. It might be okay if you aren't hoping to do anything else with that address anyway.

I find ethereum fees are lowest in Western Europe evenings or weekends if that helps. Nfts have needed up the cycle a bit as they can drop at any point in time for minting.

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Yeah it's not always that high

ETH is not geared to micro investors anyway!
I have spent more in fees in one night than Igor will spend in his entire lifetime

Definitely not for small amounts, but until exchanges allow more options for getting into the L2 directly (I know some have for a limited selection of tokens), it is actually a big sticking point.

I am taking a bet (although odds are against me) that eventually fees will go down. I remember a few months ago I was doing exactly what you said and was managing to, within a few days, get under 10 gwei transactions approved.

The fees were even lower with Chi Gas Token but they removed that feature hoping to stabilize prices… It did stabilize to the upside…

I am not a heavy Ethereum user or influencer but if they aren’t gonna do sharding or PoS soon they should revert.

But I am not an Ethereum analysts so maybe those changes were indeed the less worse choice, but so far it has been going downhill and getting worse by the week.

I feel your pain. Right now I only do really critical transactions on mainnet and have started using hop protocol to aid touching L1. That said, I also have stuff on L1 and the fees for unlocking do make the eyes water...

.. But I had to do one the other day. Ouch! But at least it was 'only' 40 gwei or so.

Edit, I was remembering something else. 75 gwei...