# Super high gas price

**URL:** <https://forum.storj.io/t/super-high-gas-price/11051>\
**Category:** Node Operators\
**Created:** [January 7, 2021, 12:05am UTC](https://forum.storj.io/t/super-high-gas-price/11051 "2021-01-07T00:05:03Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![goldyka](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/goldyka/32/66_2.png) [@goldyka](https://forum.storj.io/u/goldyka)\
**Post date:** [January 7, 2021, 12:05am UTC](https://forum.storj.io/t/super-high-gas-price/11051/1 "2021-01-07T00:05:04Z")

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At this moment ETH gas price is over 55$, basically storj will pay a couple of times more for gas then the amount people made last month.

Is this ok? Is another way for storj to pay us?

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**Author:** ![deathlessdd](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/deathlessdd/32/6067_2.png) [@deathlessdd](https://forum.storj.io/u/deathlessdd)\
**Post date:** [January 7, 2021, 12:13am UTC](https://forum.storj.io/t/super-high-gas-price/11051/2 "2021-01-07T00:13:49Z")

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Where do you see gas prices being 55 dollars?

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**Author:** ![kalloritis](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/kalloritis/32/1126_2.png) [@kalloritis](https://forum.storj.io/u/kalloritis)\
**Post date:** [January 7, 2021, 12:50am UTC](https://forum.storj.io/t/super-high-gas-price/11051/3 "2021-01-07T00:50:02Z")

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Gas price should be under 150 gwei and there by less than $4- where are you seeing such high pricing?

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**Author:** ![goldyka](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/goldyka/32/66_2.png) [@goldyka](https://forum.storj.io/u/goldyka)\
**Post date:** [January 7, 2021, 12:51am UTC](https://forum.storj.io/t/super-high-gas-price/11051/4 "2021-01-07T00:51:28Z")

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Sorry 🙂 i misunderstood something in myetherwallet, i tried swapping some storj to etherium and it told me the fee is: 55$

 ![Screenshot_20210107_025230_com.myetherwallet.mewwallet~2](https://storj-s3.bcdn.literatehosting.net/original/2X/d/da9713c075f00e893cb5d502f28672ca47a4ac5c.jpeg)

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**Author:** ![kalloritis](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/kalloritis/32/1126_2.png) [@kalloritis](https://forum.storj.io/u/kalloritis)\
**Post date:** [January 7, 2021, 12:55am UTC](https://forum.storj.io/t/super-high-gas-price/11051/5 "2021-01-07T00:55:48Z")

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This is what I was able to find on changely (not endorsing them, just reference):

 ![image](https://storj-s3.bcdn.literatehosting.net/original/2X/5/5b92ed973db47b124d1c966a8e36363443c60977.png)

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**Author:** ![kevink](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/kevink/32/6077_2.png) [@kevink](https://forum.storj.io/u/kevink)\
**Post date:** [January 7, 2021, 6:28am UTC](https://forum.storj.io/t/super-high-gas-price/11051/6 "2021-01-07T06:28:50Z")

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When trying to exchange with Atomic Wallet it tells me that the network fee is 0.0067ETH or $7.9 for 380 STORJ… So that is rather high… 380 STORJ is 0.1ETH which is $120 so the network fee is over 6% in my case…

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**Author:** ![LinuxNet](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/linuxnet/32/6084_2.png) [@LinuxNet](https://forum.storj.io/u/LinuxNet)\
**Post date:** [January 7, 2021, 8:48am UTC](https://forum.storj.io/t/super-high-gas-price/11051/7 "2021-01-07T08:48:37Z")

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That always depends on the time and network load. I exchanged some Storj for BTC last night and the price has fluctuated a lot the whole time. In between it was 30$ less. I paid just under 4$ for fees yesterday. Now I would pay almost 12$ for the same.  
I use exodus. There the fees adjust every minute.

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**Author:** ![andrew2.hart](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/andrew2.hart/32/6415_2.png) [@andrew2.hart](https://forum.storj.io/u/andrew2.hart)\
**Post date:** [January 7, 2021, 8:57am UTC](https://forum.storj.io/t/super-high-gas-price/11051/8 "2021-01-07T08:57:07Z")

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Look at this transaction : [https://etherscan.io/tx/0x200b8d6434add072ce19d849f4c3699fd09f1ccf1a105d3f129f8a8a61b8174f](https://etherscan.io/tx/0x200b8d6434add072ce19d849f4c3699fd09f1ccf1a105d3f129f8a8a61b8174f)  
Yes, that’s me paying $80…whoops!

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**Author:** ![deathlessdd](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/deathlessdd/32/6067_2.png) [@deathlessdd](https://forum.storj.io/u/deathlessdd)\
**Post date:** [January 7, 2021, 3:09pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/9 "2021-01-07T15:09:56Z")

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Ouch that is very unfortunate howd you manage that?

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**Author:** ![andrew2.hart](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/andrew2.hart/32/6415_2.png) [@andrew2.hart](https://forum.storj.io/u/andrew2.hart)\
**Post date:** [January 7, 2021, 3:13pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/10 "2021-01-07T15:13:07Z")

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Creating a token called BadgerStork in metamask and then clicking confirm without checking.  
On the positive side, I am now a millionaire (in BadgerStork erc20 tokens)

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**Author:** ![jocelyn](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/jocelyn/32/31_2.png) [@jocelyn](https://forum.storj.io/u/jocelyn)\
**Post date:** [January 7, 2021, 11:28pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/11 "2021-01-07T23:28:04Z")

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thanks for the post @goldyka  
you may be interested in reading this thread which describes the company response to sudden high prices in ETH,and how we are handling payouts. thank you!  
[Minimum Threshold for Storage Node Operator Payouts](https://forum.storj.io/t/minimum-threshold-for-storage-node-operator-payouts/11064)

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**Author:** ![Pac](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/pac/32/6053_2.png) [@Pac](https://forum.storj.io/u/Pac)\
**Post date:** [January 8, 2021, 11:29am UTC](https://forum.storj.io/t/super-high-gas-price/11051/12 "2021-01-08T11:29:38Z")

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When is the STORJ token gonna reach such high values?  
Can’t wait 😅

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**Author:** ![andrew2.hart](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/andrew2.hart/32/6415_2.png) [@andrew2.hart](https://forum.storj.io/u/andrew2.hart)\
**Post date:** [January 8, 2021, 3:42pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/13 "2021-01-08T15:42:14Z")

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Jees!  
Transaction Fee: 005858556 Ether ($7.07)

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**Author:** ![Wasgero](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/wasgero/32/7821_2.png) [@Wasgero](https://forum.storj.io/u/Wasgero)\
**Post date:** [April 15, 2024, 3:57pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/14 "2024-04-15T15:57:12Z")

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One potential solution could be for Storj to explore alternative payment methods or networks that offer lower transaction fees.

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**Author:** ![Ambifacient](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/ambifacient/32/7815_2.png) [@Ambifacient](https://forum.storj.io/u/Ambifacient)\
**Post date:** [April 15, 2024, 3:58pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/15 "2024-04-15T15:58:28Z")

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Recently the L1 gas fees have been low enough so that the minimum required to payout was ~$20.

That being said you can opt-in to receive STORJ payments on L2 via zkSync Era.

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**Author:** ![mythsmith](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/mythsmith/32/7824_2.png) [@mythsmith](https://forum.storj.io/u/mythsmith)\
**Post date:** [April 15, 2024, 4:42pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/16 "2024-04-15T16:42:21Z")

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It could offer the choice to retain whatever amount and only payout whenever you choose, calculating the fee in realtime.  
It would be nice also to cancel out any cost for customers paying their storage on storj with storj (as I do!).  
As I pay more for the storage that I occupy than for the storage I rent, my transaction fees would be 0, because there would be no transaction except an internal compensation within storj.

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**Author:** ![heunland](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/heunland/32/6076_2.png) [@heunland](https://forum.storj.io/u/heunland)\
**Post date:** [April 15, 2024, 7:11pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/17 "2024-04-15T19:11:58Z")

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You can already specify your Storj account´s deposit address as your node payout address, and thus avoid transaction fees and get the 10% bonus for using STORJ token as your payment method.

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**Author:** ![mythsmith](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/mythsmith/32/7824_2.png) [@mythsmith](https://forum.storj.io/u/mythsmith)\
**Post date:** [April 15, 2024, 8:59pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/18 "2024-04-15T20:59:47Z")

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Thanks! But how do storj tokens reach my account wallet? Isn’t this a transaction?

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<div class="post-metadata">

**Author:** ![heunland](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/heunland/32/6076_2.png) [@heunland](https://forum.storj.io/u/heunland)\
**Post date:** [April 15, 2024, 9:07pm UTC](https://forum.storj.io/t/super-high-gas-price/11051/19 "2024-04-15T21:07:58Z")

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It is a transaction just like all the other payout transaction to Storage Supplier wallets. It will be sent along with all other payouts, according to the payout preference you specified (Layer 1 or via zkSync Era)

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<div class="post-metadata">

**Author:** ![mythsmith](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/mythsmith/32/7824_2.png) [@mythsmith](https://forum.storj.io/u/mythsmith)\
**Post date:** [April 16, 2024, 6:53am UTC](https://forum.storj.io/t/super-high-gas-price/11051/20 "2024-04-16T06:53:45Z")

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Isn’t this a transaction with fees?  
Amounts could be held and detracted directly from within the storj company, without any transaction and without any blockchain, using an internal accounting system. Actual blockchain transactions should happen only when the internal accounting value needs to be converted and transferred to an actual blockchain wallet.

[Next page](https://forum.storj.io/t/super-high-gas-price/11051.md?page=2)
