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High Network Fee?

iamgigglz

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Trying to transfer ETH from Nicehash to Luno and I'm getting
Warning! High Network Fee due to current blockchain conditions. Try again later, to save on fees.
No kidding; they want 34% of the transfer amount :ROFLMAO:
It's been like this for months now.

I've tried reading up to educate myself but it essentially just says "It's busy so it's expensive". How do I get around this?
 

SteriStumpi

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I saw a tweet yesterday that said Eth gas fees went up 10x as well in the past few days. The gas fees are insane on Eth - I don't think their coming updates will help as well. Making the coin deflationary pushes up the price but I think projects will move from ethereum because of the costs.

Not sure about nice hash. But hope you can get your coins transferred soon!
 

iamgigglz

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Hmm yeah. I'm debating transferring ETH to something else on Nicehash and transferring that to Luno instead, but I don't know what coin would work out cheapest.
 

Confucius

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When I used NiceHash, I found that Sunday afternoons were the best time to transfer out.

it also depends on how much you are transferring. If you are doing a really small amount then the fees seem like a lot compared to a larger transfer.

I was testing something on another exchange a few days ago and I was charged R104 to transfer just over R300. Then I was charged the same amount, R104 to transfer R35k.
 

OmarYC

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Hmm yeah. I'm debating transferring ETH to something else on Nicehash and transferring that to Luno instead, but I don't know what coin would work out cheapest.
I usually use change over to Litecoin then move it out
 

LanLord

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The statement below is correct. Transfers during a weekend (and especially a Sunday) are very cheap.

My Sunday fees are typically less than R1 for a R600 transfer (although, this was for a Bitcoin transfer. I'm not sure if it is the same for ETH).


When I used NiceHash, I found that Sunday afternoons were the best time to transfer out.

it also depends on how much you are transferring. If you are doing a really small amount then the fees seem like a lot compared to a larger transfer.

I was testing something on another exchange a few days ago and I was charged R104 to transfer just over R300. Then I was charged the same amount, R104 to transfer R35k.
 

Toy Machine

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The exchange should have all their fees listed on their websites shouldn't they? Luno has theirs listed?
 

Induna

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If you are mining ETH and want to avoid high GAS fees, then there are alternatives available. I created a thread in the Mining Page.
 

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