OT: What determines crypto gas fees?

[JackShephard]

I have some low value tokens I earned from a game that I've been slowly converting to ETH over the last few months. Sometimes the gas fees are very low, like around $3 to convert $100 worth of tokens. Today I'm trying to convert about $85 worth, and the gas is about $25-$35 when I get a quote. Seems ridiculous to lose 1/3 of my crypto during a swap. I'll keep checking until I can get it for under $10, but what should I watch for to let me know when the time might be right?

 

[dorndawg]

 

[The Peeper]

I have some low value tokens I earned from a game that I've been slowly converting to ETH over the last few months. Sometimes the gas fees are very low, like around $3 to convert $100 worth of tokens. Today I'm trying to convert about $85 worth, and the gas is about $25-$35 when I get a quote. Seems ridiculous to lose 1/3 of my crypto during a swap. I'll keep checking until I can get it for under $10, but what should I watch for to let me know when the time might be right?

 

[CochiseCowbell]

 

[pseudonym]

Crypto vs. Bitcoin: What You Need to Know | River Learn - Bitcoin Basics

Which digital asset is better for your investment portfolio; which is more likely to be profitable and carries less risk over the long-term?

river.com

• Following the ICO craze of 2017-2019, bitcoin has outperformed crypto by a wide margin.
• Bitcoin’s use as a store of value is well-established, and it continues to get easier to use it as a medium of exchange, too.
• Crypto is riskier to invest in than bitcoin because it is difficult for an investor to accurately assess the risk associated with code from a highly complex and opaque system.

 

[mcdawg22]

The underpants gnomes.

 

[Anon1717806835]

I have some low value tokens I earned from a game that I've been slowly converting to ETH over the last few months. Sometimes the gas fees are very low, like around $3 to convert $100 worth of tokens. Today I'm trying to convert about $85 worth, and the gas is about $25-$35 when I get a quote. Seems ridiculous to lose 1/3 of my crypto during a swap. I'll keep checking until I can get it for under $10, but what should I watch for to let me know when the time might be right?

Everybody knows that the President of the United States sets the price of gas....

 

[pseudonym]

I don't know anything about ETH, but here is an example bitcoin transaction confirmed in the last block:

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

mempool.space

• value transferred: $814,986
• transaction fee: $2.85 (0.00035%)
• broadcast to confirmation: 12 minutes
• settlement: final

 

[JackShephard]

Crypto vs. Bitcoin: What You Need to Know | River Learn - Bitcoin Basics

Which digital asset is better for your investment portfolio; which is more likely to be profitable and carries less risk over the long-term?

river.com

• Following the ICO craze of 2017-2019, bitcoin has outperformed crypto by a wide margin.
• Bitcoin’s use as a store of value is well-established, and it continues to get easier to use it as a medium of exchange, too.
• Crypto is riskier to invest in than bitcoin because it is difficult for an investor to accurately assess the risk associated with code from a highly complex and opaque system.

I have BTC. I also keep ETH. The junk token is pure profit from a "game". It is tethered to ETH, so that's the only conversion available. I can convert the ETH to BTC later, but I certainly don't want to pay another crazy high gas fee. While most responses have been humorous, I have learned nothing. Thanks SPS! LOL - just a joke guys.

 

[dickiedawg]

I have BTC. I also keep ETH. The junk token is pure profit from a "game". It is tethered to ETH, so that's the only conversion available. I can convert the ETH to BTC later, but I certainly don't want to pay another crazy high gas fee. While most responses have been humorous, I have learned nothing. Thanks SPS! LOL - just a joke guys.

If you find a crypto subreddit to post this on I think you’ll have better luck. Or just search there, it’s probably been discussed already.

 

[aTotal360]

Deez nuts.

 

[ababyatemydingo]

Never to be confused with JackatShelter