Topic: GAS PRICE (Read 293 times)

50 gwei would be best at the moment if you want to move your tokens. i personally use 50 gwei gas for my transactions.

Gas price is you need to make a transaction in ethereum because it is like a fee to be able to transfer, deposit or withdraw tokens to different addresses in ethereum.

Ethereum is the network, also known as the blockchain. Ether (ETH) is the fuel for that network. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in Gas and gas is paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction (compute) and therefore you must pay for that computation just like you would pay for a successful transaction.

You can see your TX fee (gas limit * gas price) in ETH & USD when you search for your transaction on etherscan.io. This is not a TX fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, putting them into blocks, and securing the blockchain.

It is cost of your transaction, it is paying by you for every transaction whether it is fail or succeeds.there was a problem in ethereum platform in transactions some days ago due to cryptokitties games, now that is over and again transaction succeeds smoothly to pay some more gas limit. if you set the 8 Gwei gas price and 21000 gas limit than your transaction cost will be approx 0.000168 Ether ($0.12).

Yes, gas is just the fee you pay for having your transactions sent. Go to https://ethgasstation.info to see optimal gas prices in real time.

It's the transaction fee in Ethereum network for your withdrawals and deposits.

Gas price  is a  variable in ether transaction fee measured in gwei. It determine how fast your transaction will be pick by miners to complete.The higher you pay the  faster your transaction is completed

In my opinion we can compare the GAS with the Fee, a slight difference is that the Gas increases the speed of the transition and mined.

I do not understand the essence of the question. The price of GAS varies depending on demand. Higher demand for transactions is higher than the price of GAS. It consists of two parts: quantity and price. If you want something fast buy or take part in ICO, then you pay the maximum. If you transfer money not urgently, then you can specify the lower cost. If the question about GAS in the NEO system. Then there is another situation.

gas price is a eth transaction fee. you can increase transaction speed from it. like if you need to send it early that's why you set gas fee. I have some friends and we working in ether delta and we can use gas price to increase transaction speed.

I always look at the price on this site https://ethgasstation.info/ . Price Gas is always changing. When there was a boom for crypto kitties, the price reached 50. Now, as you can see, around 2. The price is very variable and you need to monitor to make the transaction more profitable.

Now the situation is already stable. Almost all transactions go at a price of 15-20 gwei. The gas limit will be set by the system. I hope that there will be no more major network shocks..

I remember that I sent tokens many times by using 0.2 gwei gas price and the transactions took only few minutes. But now, the congestion is crazy in ethereum. I have to use 40-100 gwei gas price to make my transactions executed. This is not fair.

It really depends on the network status.

Sometimes paying a very low fee would be the same as paying a high fee as both of them will make you to enter the very next block.

Sometimes Gas price is very important as paying a very low gas price may cause your transaction to be stuck at limbo.
Most of the ethereum wallets including MyEtherWallet(mew) always chooses the best netowork gas price, a calculation of the amount of money to be paid/ estimated amount of blocks that you will need to wait .

When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation called gas. You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction (compute) and therefore you must pay for that computation just like you would pay for a successful transaction. If you want to spend less on a transaction, you can do so by lowering the amount you pay per unit of gas. The price you pay for each unit increases or decreases how quickly your transaction will be mined.

My EtherWallet Behind the Scene shared that during normal times:

40 GWEI Gas Price will almost always get you into the next block.
20 GWEI will usually get you within the next few blocks.
2 GWEI will usually get you within the next few minutes.
During Token Creation Periods, these costs go crazy due to supply / demand:

50 GWEI is the max gas price most new Token Creation Period contracts will accept. Anything above that and your TX will fail. Most is the keyword here—check with the Token Creation Period you wish to invest in before said Token Creation Period begins.

50 GWEI would be the amount you should send in that case.

If you are trying to send during an Token Creation Period (but not to the Token Creation) you have 2 choices: wait a bit until the Token Creation Period is over, or increase the gas price over 50 GWEI.

You can adjust the gas price on MyEtherWallet in the footer via the slider. It is capped at 50 GWEI in order to prevent people tying to send to Token Creation Periods from having all their transactions fail because they don't read anything.

I hope this could help.

Last some day! Gas fee verry hight when I send ETH and token! How to I can add the best GAS to sent! Hope everyone can help me! Thanks

in other words, gas can be described as the transaction cost, the amount of gas can affect the length of time the transaction.

I use this resource and recommend it to you https://ethgasstation.info
You can find a lot of information regarding gas price and transactions costs here

Where is better monitor actual gas price?
I am asking because after cryptokitties , net became overloaded and transactions with 5-7 gwei on etherdelta wasn't completed as it used to.

Gas price is nothing but the transaction fee for single Ethereum transactions. The default gas price is somewhere near to 21000 to 23000 which is equal to 0.00021 Eth ( which is less than $1 ) and If you compare this transaction fee to the bitcoin transactions fee, then Ethereum is quite cheaper and I don't mind to pay higher fee for confirming the transactions, as 1 US Dollar equals to 0.0014 Ethereum which is quite less to pay, than BTC.