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It is broken because adding new name (just checked right now) costs too much in the gas fee (sometimes 160 USD sometimes more). see for yourself https://app.en
by huksley 5y ago
It is broken because adding new name (just checked right now) costs too much in the gas fee (sometimes 160 USD sometimes more).
see for yourself https://app.ens.domains/name/totallyrandom.eth/register https://app.ens.domains/name/totallyrandom.eth/register
- colejohnson66 5y ago0.002 ETH per year sounds reasonable. But then 0.1 ETH gas for each transaction is ridiculous. > Increase registration period to avoid paying gas every year. I shouldn't have to. When I use my credit card, VISA charges the merchant (which can be passed to me), yes, but not at 5000% of the purchase.
- raffy 5y agoIt's cheaper to pay for 2 years in 1 tx, than 1 year twice in 2x, because that's 2 vs 1 modifications to global state. The price of gas is not constant. Wait for lower demand.
- deleted 5y ago[deleted]
- rabuse 5y agoYeah, it's great wanting to move $1 worth of ERC20 tokens for $50. /s
- Tenoke 5y agoTo be fair that's not too much in the novelty domain space. It's about what you'd pay for say .ai
- deleted 5y ago[deleted]
- chrisco255 5y agoThey're in the process of adding layer 2 support so that you'll be able to register on rollups without having to pay high gas. Should be 1/10th of the cost in gas or less after its implemented. In the meantime, I've generally spent about $60 or so on gas fees, and since it's $5 a year for the actual registration, I tend to offset the gas by registering for more years. If you spend $100 you get a domain for 8 years. That's as good as cheaper TLDs.