GAS

DBRiMatt

If I don't get any ZKSync aidrop, maybe the liquidity pool will help pay for the GAS required to have done these actions in the first place... xD

rootpl

G is for ~~GAS~~ family

rootpl

Bullish on $BEANS to generate more free GAS.

Omnomnomnivor3

that's a looot or GAS wonder if they'll get refunded for this sht as well lol

DBRiMatt

Welcome to Throwback Thursday! Remember when we had the moonfacuet? Once every 24 hours you could claim some moondust, with the most coveted prize being 0.069 moons. Moving to mainnet and requiring GAS killed that project though.

Embarrassed-Bowl-230

He spent more than 3 million on GAS alone. Imagine the gains he's getting thanks to this bot :o

DBRiMatt

Pro: Released just this year, in a bear market. Popular network, and a new flavour token to own. Could perform well in bull run. Con: Its just a governance token at the end of the day, with a lot of token unlocks still to come. ETH is still the crypto required for GAS on the network. No real reason for retailers to buy ARB.

Ins3rtCoin

Save the rich like always. The is the same shit that happens with WS. Like imagine you make a mistake and pay 19BTC IN GAS FEES. Do you think someone will give it back to you… they protect each other

ZeNfiShY123

GAS payments from NEO to if I recall

NEO_R1CH

If you hold NEO and vote (voting doesn’t require staking or locking of NEO) you generate GAS. You vote [here](https://governance.neo.org/#/). You can vote from your Neon, NeoLine, or OneGate wallet. You can find a step by step [here](https://youtube.com/@UnlockingTheChain?si=oFiw53fWjPHS_LWW) if needed.

NEO_R1CH

NEO is still generating GAS for voting. No staking or locking

red_dildo_queen

NEO and GAS, also a long time ago...

anonymouscitizen2

This type of staking arrangement was popular in 2017. NEO had GAS, HOT had FUEL or something. Theres a few that had this mechanic and the only reason Vechain does is because they copied NEO, another chinese founded coin that was very popular at the time. The “chinese ethereum” we know how that ended

NEO_R1CH

I gave up on ETH after the first tx. I haven’t dealt with Algo but did transactions on NEO and am all in on NEO. They have a great DeFi and quite the momentum currently. Tx are near instant and practically free* *Hold NEO, vote, earn GAS. (queue the “NEO is a Dino” “NEO is still around?” “I thought NEO was dead” comments)

JohnyMaybach

He has GAS issues

RiddleTower

Hello fellow NEO investor. I sold all my NEO in the previous bull to focus only on ETH but it was a great investment. Accumulating GAS only by holding it at the NEO wallet was a great feature back then. Are you still holding?

neen209

Lmaooo honestly I have no idea. I bought ant shares so long ago, and never looked back. I thought I was going to get rich by generating GAS lol smh

neen209

Same here lol & I thought I was going to get rich by generating GAS lol

DBRiMatt

Not looking forward to that time again where I'm delaying transactions, waiting for moments of cheaper GAS fees. Exchanges will eventually start supporting deposits of ETH on L2's, which might save us bridging back and forth if we need to send to an exchange.

imihevc

High fees in the ETH ecosystem and need to pay with ETH/GAS when transfer tokens on ERC network. Practically on any DEX. That's why I avoid ERC20 completely. Only holding ETH.

DBRiMatt

This was one of my favourite ones I stumbled on; [*So I stake from within the MATIC web wallet: https://wallet.matic.network/ Though in hindsight I wish I would have either just kept it in my wallet or lent it to Celsius because the fees to Stake are outrageous right now. You will need ETH and we're talking 30-100$ worth*](https://np.reddit.com/r/CryptoCurrency/comments/n0khyv/best_way_to_stake_matic/gw75q78) I bet he would be thankful he forked out the actual GAS fees and maintained custody!

DBRiMatt

Just imagine how bad the GAS fees get during a bull market.

mesutdmn

Kraken > all of the other exchanges. They even donate $500 for out GAS bot.

SetoXlll

“ARBITRUM NOVA GAS OVERLORD” at your service!

SuperAppleLover

NEO, that’s a coin I have not heard in a while. People were saying the GAS you get from holding NEO will be worth more than NEO one day.

SetoXlll

If yall need some ARB NOVA GAS hit me up!

dAn_tHe_mAn7

Do I need MATIC to move my Moons from vault? The tutorial I watched just showed that I need ETH and NOVA GAS

fkkoojngo

I'm still holding NEO and GAS from 2018. Finally got rid of Lisk and ARK. Anyone else from those times?

Local_Honeydew

CEXs are the door into crypto Lots of people absolutely don't trust themselves to self-custody and the thought of losing their entire investment because they've lost their seed phrase to too much of a risk. If you invest across alot of different cryptos, there isn't a single wallet to manage them all, so you start getting multiple wallets, multiple seed phrases, and it get very messy keeping track of it all. CEXs are an easy way to keep all your investments in one place. You avoid GAS fees by not moving your money on chain. For newbies, leaving it in the CEX is an easy way to buy in and then sell without having to put up with actually participating in on-chain dapps. Not everyone is actually interested in buying NFTs and things, they just want to buy a coin.

leMartinx

One point I'd like to bring up... Always check the current GAS fees before initiating a transaction, especially during network congestion.

Aftershoq2

One of my first mistakes was losing my GAS money because i didn't have enough. Good write up! ❤️

HKEnthusiast

I need someone to make a thread on crypto abbreviations and terms because I kept on thinking that GAS was related to fossil fuels for the first 2 weeks in crypto💀

Lyra_DZ

You'd think some other scammer who found the honeypot would be able to use flashbots (or other relayer) to have the ETH tx (for GAS) and BobRocket tx submitted in a bundle in the same block, without adding anything to the mempool. The original scammer wouldn't know about it until (s)he lost his/her BobRocket tokens

pay85

Can I withdraw ETH on Arbitrum Nova on any reputable Exchange currently? Need some GAS

xMagox

great we didn't need to pay GAS fee to read this.

tzu_ndere

Wait hold up, Free NOVA GAS?

DBRiMatt

<Russia halts the Nord Stream that supplies natural gas to Western Europe> Sorry Ukraine, you have insufficient GAS to sign this.

igadjeed

For irony Wrapped ERC-20 BTC on ETH was originally a way to move BTC from exchange to exchange without paying high Bitcoin miner fees - pay 0.0005 BTC fee to withdraw Bitcoin from Binance, pay 0.000001 to withdraw wBTC The irony is that ETH's GAS fees soon overtook BTC miner fees for expensive, so wBTC had no benefit at all

Candycanestar

Dudeee! Thats GAS. Need moreeee. So rn it looks like you could get 2 scoops out if your vault haha

Quirky-Salamander898

Coinbase wallet and polygon are complete garbage when trying to verify ownership of a 100$ NFT. The whole thing is complete dogshit. On top of that. They make you pay ridiculous “GAS” prices and transferring fees for something you already own.

SetoXlll

Not expensive like ETH GAS brah that shit should be a fucking crime.

DenverNEO

Have you migrated from Legacy to N3? If you haven't done so yet, then you're not longer earning GAS for the NEO you hold. Make sure to vote for a Neo Council member when you migrate to get the whole GAS distribution.

DBRiMatt

You require more vespene GAS fees.

DBRiMatt

So my reddit account is worth more than my car. Thank god moons are on Arb-Nova... otherwise my reddit account would use more GAS than my car too xD

DisapprovingLlama

NEO. I’ve still got mine. Wanted this coin to reach ETH levels as it was also a smart coin, similar supply, interesting GAS scheme, but nothing ever happened with it.

SetoXlll

ARBITRUM NOVA MOON GAS OVERLORD has entered the chat!

SetoXlll

If one day you decide to move/sell your MOONS you are going to need ARBITRUM NOVA GAS (for now) and that is where I come in. I can gift you some gas.

GotStucked

To possibly ever send my Moons away from Reddit I need to have some Gas for transaction fees. So I just sent $5 worth of ETH to my Reddit vault. My Gas Funds remain at 0.00 and didn't understand how that could be, until now. Should I have sent GAS instead of ETH? I thought ETH could automatically be used as a gas fee if needed? Or what is the reason my Gas Funds remain at 0.00?

Odysseus_Lannister

Yeah you earned GAS for the network by holding NEO in the wallet. That was some roller coaster for the “Chinese ethereum” lol

GotStucked

To possibly ever send my Moons away from Reddit I need to have some Gas for transaction fees. So I just sent $5 worth of ETH to my Reddit vault. My Gas Funds remain at 0.00 and didn't understand how that could be, until now. Should I have sent GAS instead of ETH? I thought ETH could automatically be used as a gas fee if needed? Or what is the reason my Gas Funds remain at 0.00?

pay85

how much GAS is required for a transaction on ARB NOVA? I have something like 0.00009 ETH on ARB NOVA from some old faucet transaction, but I'm afraid to send anything in case this isn't enough.

pay85

Guys, how much GAS do I need to move MOONs to a CEX?

triflingmagoo

Who knew talking shit here would lead to it funding my synth GAS diagnosis?

SkuniMasterMind

I hope he didnt give up on idea of needing cheap GAS fees tho

mesutdmn

Reddit for ETH GAS fees. /s

SkuniMasterMind

And 50% fee from GAS fee ^fee ^^fee ^^^^fee

Local_Honeydew

I was the shillee, he was the shiller. ADAX was.the coin In December 2021, he borrowed $20k from me to buy more ADAX when it dropped to 40c. He'd already bought $60k worth at between $0.68c and $1.20 He was very insistant it was going to go great guns when the first release dropped end of January 2021, never go below 80c ever again. Talked it up big, I got $1k worth. Small biscuits stuff. He locked his up for 6 months, staking it on ADAX.COM. By the time it unlocked, it was trading under 3c, it's now jumping between 0.003c and 0.01c. His $80k is worth about $1300. My $1k is $14.70 but I don't even have enough to pay the GAS fees to sell it 🤣

DBRiMatt

I don't think I'd even wanna pay the GAS to give mine away xD They are on BNB network too, so I guess GAS is cheap...

DBRiMatt

yeh, the sushi is irrelevant. But I do convert my sushi to eth and it basically covers all my GAS fees on Nova xD

Slippytoe

If I transfer MATIC on the polygon network to an ERC-20 Trezor address will it work? Just trailed 10 MATICwhich has apparently completed but it’s not appeared in my wallet yet. I have a feeling I was supposed to send it via the Ethereum network but the GAS was stupid 😂

Sidivan

ETH really should be a commodity. The whole point is for it to be spent as fuel for transactions, not held for it to increase in value. It’s payment for a service. That’s why it’s called GAS.

DBRiMatt

Not particulary, CEX trading fees can be cheaper because it's all done via internally, but DEX trading fees are going to be the cost of GAS fees... so; I guess alts being built on other L2 networks such as our MOONS and ARB-Nova

Giga79

I bought so much ETH (and $GAS) to prepay for my future transactions, expecting they'd cost more by then. Didn't once consider Ethereum would actually scale and I wouldn't need so much. Now I'm staking it, mostly as a hobby (learning is more fun to me than a 5% APR). I don't think I'll ever sell much, but I've already broken even years ago so there's that I guess. Any time I see a new thing to do I go and do it. The profit or any airdrops are just a bonus, but not expected. The tech is FACINATING to watch evolve, like what the hell Solana *and* Ethereum dApps will be composable on Coinbase's new L2??! Now I have to get into Solana dApps! L2 fees are coming down another maybe 100x this year. How does one just step away?? There was dick all to do with your crypto 5 years ago, look at it now, and imagine what 10 more years will look like - that doesn't excite you? The more integrated crypto becomes the more fascinated I am with these other things. VISA is implementing an Ethereum L2 in their business infrastructure, so right off the bat I'll know how that works and how to best utilize it. Reddit deployed their NFTs on Ethereum and I was the cool kid for a minute who could help everyone with how it all works. By the time blockchains are abstracted away so much and most people don't know they're using one, *I will*, and that knowledge is fulfilling (to a nerd like me) regardless of price action. I do still have investments in crypto which I expect will outperform my main bag, ETH. But I'm not measuring them in dollars, and I have no real plan with them. Any profit over ETH just gives me the ability to try more new things out (like buying a $300 Reddit avatar) without depleting my ETH bag. Sadly I am the minority. I don't think BTC will go to $100T and I don't really think mass adoption is suitable when half the population still couldn't tell you what a desktop is.

DBRiMatt

Yes, the point of investing is to make profit. But, if profit is not the aim, would you use crypto? I buy a mobile phone so I can use it, not to re-sell for profit. I buy a car as a mode of transport, not to make profit. I would use BTC for online purchases overseas as the GAS fee would be cheaper than foreign conversion and banking fees. Thats a use case.

thelalilulelomkii

Ha, oh no. Thought as much. This has turned in to a bit of a process. I now have to cover GAS fees to get it out of Metamask. So I sent fiat to Coinbase, to send to KuCoin, convert to BNB, and send to Metamask so I can cover the 7cents GAS so I can then send it to MEXC, and hopefully sell. Buy ADA, send to KuCoin, and hopefully somehow make my money back. lol

SkuniMasterMind

I mean i dont wanna sound like BNB shill, but it is one of most used tokens for GAS, and a lot of shitcoins are being launched there aswell, increasing the usage during bear market further more. And its normal that as binance grows, so will their token

CorneliusFudgem

He has a job. His job is not the same as his old job. As much as I WISH I could defend him. I can't. I watched and learned from those courses. Gary got me deeper into crypto than most other individuals and Gary is actually intelligent and knows what he's talking about (as opposed to many other educational sources online etc.). All in all - this was a great series of lectures. What Gary is doing now is different and I think he is aware that he has had to change his own personal stance so that he can perform his job without confirmation bias. It's not to say that his knowledge from before would be considered confirmation bias w/ respect to regulation - but he has to play devil's advocate (for example think of the plethora of rugs that have taken place over the past month). Although these are fun (I made money and lost a LOT as well with this recent shitcoin arc) - Gary's job is to effectively make retail demographics aware of these risks. Has he done this successfully since he began his term? In my opinion, no. Has he tried to be the chair of the SEC during a time when regulations are not clear and there is a wild-west of crypto scams out and about? Yes. It's a bit unfortunate because I like(d) Gary, and I really enjoyed his MIT courses, but he has definitely **not** protected retail investors w/ respect to the objective crypto space. I think his heart is in the right place, but his head and his mouth have to do other things and as long as he holds his place in office - he will have to follow these parameters. **ALL OF THAT BEING SAID:** **ETHER IS NOT A SECURITY. IT IS A COMMODITY - LITERAL GAS FOR THE ETHEREUM NETWORK AND GARY HAS ADMITTED THIS BEFORE VARIOUS TIMES. THE QUESTION OF ETHER BEING A COMMODITY VERSUS A SECURITY SHOULD NOT BE AN ISSUE. IT IS A COMMODITY AND GARY HAS ACKNOWLEDGED AND REITERATED THIS IN THE PAST**. Until Gary admits that Ether is a commodity, overtly and explicitly, I refuse to acknowledge anything else he says.

Local_Honeydew

Blockchains currently can't scale, are too slow, and grind to a halt under a small amount of load. The currently memecoin craziness with both PEPE and SNEK saw transaction times blow out to multiple hours and GAS fees hit over $100. Imagine that country wide. The blockchain infrastructure cannot currently cope with a full countries usage. None of them come close to the TPS needed to even match the banking systems or Visa/Mastercard. A whole full move into blockchain at this current point in time would cripple a countries economy - blockchain is too underdeveloped.

DBRiMatt

Don't forget GAS fees sending things off exchanges!

Throwaway4VPN

Ah I remember the good old days of watching NEO earn GAS back in 2017... Held it up to $200, and kept on holding..

MaximumStudent1839

Don’t blame the user. Blame the unfriendly user interface. In 2021, I also accidentally interacted with a drainer? What happened? Got lured into a fake website. The real problem wasn’t the fake website. The real problem is the stupid MetaMask pop up said the transaction costed only GAS! It literally said 0 ETH, would be removed, besides gas. Then poof, it turns out MetaMask was wrong. The address’ balance got wiped cleaned. It sure did take everything, not just gas. Is it hard for MetaMask to detect these drainers? No. Once I installed third party browser on extensions, they always were able to pick up malicious contracts that MetaMask fail to do. And all these extensions are FREE. Everyone in the industry shoves new users to use MetaMask. MetaMask is obviously incompetent when it comes to detecting drainers. No one tells you should add extra extensions to safeguard yourself from MetaMask’s incompetency.

mnkbstard

lot of terms are used wrong colloquially. you could also call "coin" any token, but that doesn't change that it is a wrong definition. check on Ethereum docs: [https://ethereum.org/en/developers/docs/gas/](https://ethereum.org/en/developers/docs/gas/) GAS is a very specific term for a reason.

Quixote0630

A big can of helium beside the envelopes with "GAS FEE" written on it should do the trick. Just be careful the person who picks the ETH envelope doesn't pass out

rootpl

I once left some ERC-20 tokens on Binance during the bull run because the fees were like $20-30 to move them out. Fucking daylight robbery, I would have to wait several months for decent GAS prices. Eventually, I just sold them all and took profits. Sometimes I think that if I'd moved them to my Metamask earlier I'd kept it for too long due to high GAS fees and I wouldn't be able to sell it on DEX in time before the bull run ended because I didn't want to pay $30-40 or so for a simple swap on DEX, so in the end it worked out OK for me to keep them on Binance.

rootpl

I once left some ERC-20 tokens on Binance during the bull run because the fees were like $20-30 to move them out. Fucking daylight robbery, I would have to wait several months for decent GAS prices. Eventually, I just sold them all and took profits. Sometimes I think that if I'd moved them to my Metamask earlier I'd kept it for too long due to high GAS fees and I wouldn't be able to sell it on DEX in time before the bull run ended because I didn't want to pay $30-40 or so for a simple swap on DEX, so in the end it worked out OK for me to keep them on Binance.

Aquinasinsight

Outdated is not the correct way to view it - instead you should look at it as being in high demand. Every block has 15m GAS in it, if demand is high the blocks will inflate to 30m GAS. But for every block over 15mGAS the fee price goes up. Same thing applies to if demand is low and gas is under 15m fees go down. Using that knowledge you can then either 1. Make transactions when the blockchain is in low demand (usually US Eastern evening time) or 2. You can execute your transactions on layer 2s. --- Right now the demand and development is so immense that even if Ethereum were to increase gas limit to reduce fees it would only temporarily reduce fees as new development and new users would clog it up again. In fact Ethereum did that for the first 4 years until they started to work on plasma which turned into L2s. During those 4 years the community kept running into the fee ceiling . Consequently we were trading security for lower fees. Over the long term, no one should or will be using L1 - it wouldn't make sense. 99% of normal user activity will be on L2s and L3s. ---- Lastly, Ethereum is by far the most advanced blockchain around. First blockchain to introduce fee markets, demand-burn, L2s, Zktech, and soon account abstraction. All meaningful development happens first in Ethereum because that's where the developers are.

geekbread

ok I need GAS TO GO DOWN. I cant take this anymore. every day I am checking gas and its rising. every day, check gas, bad gas. I cant take this anymore, I have things to do, like a lot. it is what it is. but I need gas to GO DOWN ALREADY. can devs DO SOMETHING

FattestLion

Where can I long ETH-GAS/USDT?

mesutdmn

Bullish on $GAS

mesutdmn

Bullish on $GAS

Schniiic

Guess its time for.. MEDIOCRE GAS COST POSTS!

djmoblei

There’s a block size limit on ethereum which is a function of the maximum GAS you can consume in each block. If you increase the block size and reduce the average block time people can’t afford to run a node and the network becomes less decentralized. Fees on ethereum are determined in a free market, however you have a minimum base fee. The base fee is set to prevent people to spam and attack the chain. Guess why Solana is down every other day; at the same time people complain about high fees on ETH. This is essentially the blockchain Trilemma that everybody’s trying to solve. This is what crypto is all about.

Darkfantasy11691

What are the Cardano GAS fees? It would then be an Alabama problem, unless the price goes up everywhere simultaneously. Defend ETH all you like, it doesn’t mean you’re right.

Darkfantasy11691

GAS fees are an ETH problem. Not a crypto problem.

Rice-Fragrant

You need GAS for cars, so are you saying people should go back to riding horses for transportation?! How about modern firearms? Should the army go back to using spears and swords?

HedgeyD

NEO pays GAS