I Can't Send My AMPL Reward Due ETH Gas Fee

By mummyrio | SIDECHAINNEWS | 27 Jan 2021


I got 13 AMPL token. It is about 14 USD. I tried to send to other wallet but I failed. I lost $2.5 USD ETH for gas fee. The transaction failed. Ethereum gas fee is a matter for small and micro transaction. Will ethereum 2.0 solve this issue? If ethereum 2.0 can solve the issue eth will be the leading mass adopted coins in the future.

 

Bitcoin and Ethereum now not for micro business

Microbusiness like retailers that accept small payment are not suitable to use bitcoin and eth. Small payment under $1 will cost high fees that worth more than $1. Ethereum and bitcoin are for sending large amount of money. For big players in bitcoin and ethereum, sending thousands dollar value with few dollar fees are not problem. The fee is lower than banking transfer.

 

ebe4376bf44187ff74de8cc0a0236c34d667f96537bb65df4a50edc5cd4e66e1.pngThe transaction above failed. The gas fee was worth $2.46 USD. The gas fee in eth was 0.001925 eth. Before that transaction, I have tried smaller fee but fail before entering the network so the transaction did not use gas fee. Then I made bigger gas fee. I set 25.000 then the transaction was successful in the wallet notification but I checked in the etherscan, the transaction failed and I shoud pay the gas fee worth $2.5. Ok, that is a little story of failing transaction because of gas fee in eth.

 

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mummyrio
mummyrio

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