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Kudos0

I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 24-Nov-2021 | 12:49PM · Edited: 24-Nov-2021 | 1:07PM · 7 Replies ·

I said I'd make more money in jail making license plates like I see on TV. My last post was the gas (which I'm told about and closed my last case) would cost me 66%. I said WTF, some people explained for me to wait some criticized me for talking bad about Norton Crypto, (To him I give the one up salute).

This time I would have to pay instead of earning! WTF? It may be just I'd pay one cent but after a week plus mining, why do I have to pay more than I earned?My last post screen grab, & I complained about that? Ha! compared to todays "Let's make a Deal" ..........

Labels: Ethereum, Coinbase, Mining, Miner, Payout, Payment, Transaction
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Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 28-Nov-2021 | 8:58PM · Permalink

The 'gas fee' is run by the ETH network (not Norton, or any other mining app) and is per transaction, no matter how much you transfer. When you transfer to Coinbase that is 1 transaction. I did some research on it pervious to my 1st transfer. - Gas fees are lowest around 1-3 am UTC, about 5-7 pm PST. During the day in US its high. - Transfer $10 worth of ETH with fee of $11, for example, yep...a loss - Same gas fee would be charged during same time frame if transferring $130, net $119. - Portion of the gas fee goes back to miners. - I transferred mine as ETH to Coinbase last eve, about $8 gas fee at the time. About $56 worth netted $48. It does help to wait when you have more ETH to transfer. Hope this helps.
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Kudos0

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 27-Nov-2021 | 5:19AM · Permalink

A couple of points, there is no need to be unkind in your posts, we are here to help. Second, Norton does not control the gas price (nor receive that fee), that is based on the Ethereum Network and how much traffic (supply/demand) there is.

Right now the gas price is a bit better than when you tried, but I would highly recommend to wait until you have a lot more money before trying to move it. What would be the purpose in moving it? The money in your Norton wallet is real Ethereum. It will fluctuate with the price of Ethereum, but paying transaction fees that are really high to move such little money doesn't make sense.

Kudos0

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 27-Nov-2021 | 6:04PM · Permalink

A little or a lot, I'm having to pay to have every last cent taken. Like am I hiring someone to take all the money, clean me out I'll pay you that extra I owe you next lap when I get more Ethereum. Oh, probably be underwater then too. It was Norton who plugged this mining one day on my virus scanner. I'm sure they didn't just do that for nothing. What % deal does Norton get? Is the help I get to just tell me not to move the Ethereum, well haven't got anything of a better idea posted. Same hat new face.......

Kudos0

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 28-Nov-2021 | 4:33AM · Permalink

@wayne, there is no magic trick to get around the Ethereum gas fee, nothing we can do about that. Norton's fee is 15% however that has already been removed during mining, so what you see in your wallet is what you have.

Again it's your choice what and when to move. There is nothing more we can offer. We show the gas fee and the amount you have. Your trying to move $13, which at the current gas price doesn't make sense. If you were trying to move $130 then the gas fee will remain the same.

Kudos0

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 28-Nov-2021 | 5:57PM · Permalink

I keep getting told "trying to move $13, which at the current gas price doesn't make sense. If you were trying to move $130 then the gas fee will remain the same.". So when I'm trading $13 and the fee is $13.02 is there a gas percentage to look out for or when I $130 will I be charged $130.02? Sorry about being a newbie but my first trade I made I gave half away, the second trade it seemed I couldn't or wasn't allowed for almost a month and I posted a not able to trade post. Will it still be 0.004977 fee at $130 which will probably take 59% - 75%. My thought is I'm still in the same boat letting my computer run for someone else to walk away with a little bit of pocket change and I'm out of luck

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Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 28-Nov-2021 | 8:58PM · Permalink

The 'gas fee' is run by the ETH network (not Norton, or any other mining app) and is per transaction, no matter how much you transfer. When you transfer to Coinbase that is 1 transaction. I did some research on it pervious to my 1st transfer. - Gas fees are lowest around 1-3 am UTC, about 5-7 pm PST. During the day in US its high. - Transfer $10 worth of ETH with fee of $11, for example, yep...a loss - Same gas fee would be charged during same time frame if transferring $130, net $119. - Portion of the gas fee goes back to miners. - I transferred mine as ETH to Coinbase last eve, about $8 gas fee at the time. About $56 worth netted $48. It does help to wait when you have more ETH to transfer. Hope this helps.
Kudos0

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 30-Nov-2021 | 5:54PM · Permalink

Look at the current transaction fee in your wallet. Right side in red. That number is the charge you will pay to transfer.  Its not dependent on how much you are transferring. That will be your charge. Hover over the 'what is this' and it is explained there. Hope this helps you.

Kudos3 Stats

Re: I'd make more money in jail! Again - Norton Crypto wants to much gas

Posted: 07-Dec-2021 | 3:05PM · Edited: 07-Dec-2021 | 3:14PM · Permalink

ok so complaints about the gas fee so time to break it down .     

1 - to move any amount of eth on the network it has a gas fee of say $10 at a slightly congested time the gas fee gets paid to the miners proccessing the transaction (i.e. you me and everyone else mining on the eth network) 

2 - the amount you choose to move     $11  or $1m  the fee is $10 for the tranaction 

3 - if you move $11 every time you will not have much eth for yourself if you move $100 at a time you will have much more eth 

4- do some research on the eth network to know what you are holding and why the fees are what they are it is always good to have information on what your computer is making you money with 

i hate the gas fees that come with eth and avoid any wallet tied to eth but it is not a bad crypto the fact i can make money by helping the network is great and eth over time say 5yrs from now will have way more ppl useing it and way more demand for eth tokens if you are thinking short term gains you wont make much money at mining 

nortons is just an onramp for mining and makes it way more consumer friendly and taking out a lot of risk for those that use it and have noticed improvements to it as it progresses be thankfull they have made it easy for the consumer so everyone here can mine and make money doing it 

ya know my spelling trash lol

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