Topic: GAS PRICE - page 2. (Read 293 times)
I want to add some. Gas price depends on current state of the ethereum network and it could be changed time by time. Current gas price you can look at http://ethgasstation.info/.
Gas is the internal pricing for running a transaction or contract in Ethereum. At the time of writing before the launch of Frontier it is fixed to 10 Szabo, which is about 1/100,000 of an Ether. It's to decouple the unit of Ether (ETH) and its market value from the unit to measure computational use (gas). Thus, a miner can decide to increase or decrease the use of gas according to its needs, while if need be, the price of gas can be increased or decreased accordingly, avoiding a situation in which an increase in the price of ETH would cause the need to change all gas prices. This is also a response to the discussion in bitcoin about fees structure. 
It is quite literally the transaction fee you pay in order for your transaction to pass, and depending on how high or low the gas that you give is, the faster or slower your transaction happens.
Do you recommend high or low gas price? And how fast does the transaction take place?
It is quite literally the transaction fee you pay in order for your transaction to pass, and depending on how high or low the gas that you give is, the faster or slower your transaction happens.
Do you recommend high or low gas price? And how fast does the transaction take place?
I am new to crypto and keep seeing this "gas price" can anyone help explain what it is?
is where we will make transactions that make us have to pay the transaction to make it easier if we do not use gas then our transactions can not be done so we can not move our tokens.
Gas Price is the max. price that need to be paid to make a transaction on Ethereum platform. 21000 is the Gas limit that mean for every transaction you need to pay 0.00021 ETH. This is the fees we need to pay to perform every ERC20 token transaction.
what is gas price?
it is the cost of the gas and that gas will use for the transaction in ethereum. You need it because if you dont have some or not willing to pay gas price/limit you'll transaction will not go through to ethereum blockchain which is very important where your transaction will be process. you'll mutiply gas price and gas limit and the product is the cost that you must pay in every transaction. For example you're gas price is 4 gwei and having a gas limit of 250000 therefore your fee is .001 eth.
It is quite literally the transaction fee you pay in order for your transaction to pass, and depending on how high or low the gas that you give is, the faster or slower your transaction happens.
Gas price/gas limit is known as the transaction fee for Ethereum transactions. The default gas price for ETH transactions is set to 21000 which is equal to 0.00021 ETH. It is definitely much cheaper than BTC transactions. You could also increase the gas limit to 50000 = 0.0005ETH or 100000 = 0.001ETH for faster confirmation of transactions. Even if you pay 0.001 ETH I would still consider it to be cheap since 0.001 ETH = 0.00003BTC which is almost $0.5 
Since the ETH network is congested it is always best to pay high fees for faster confirmation of transaction.
Since the ETH network is congested it is always best to pay high fees for faster confirmation of transaction.I still think $0.50 is too much to pay for a fee. I really hope eth doesn't suffer the same fate. Well I don't think it will be a fate and will soon be sorted out but still. It is very annoying to have to pay such high fees for everything.
To do anything on the Ethereum platform, we need to pay for it, and the payment is calculated in Ether (ETH) through a go-between or benchmark called gas limit and gas price.
There are many answers already. I want to add some. Gas price depends on current state of the ethereum network and it could be changed time by time. Current gas price you can look at http://ethgasstation.info/.
gas price is a fee for mining that processes transactions on token or coin delivery. the fee depends on the policy of the wallet site itself.
Now the crazy gas prices. It takes about $ 3 to convert tokens into the delta. It is very expensive in my opinion, but it is necessary to work
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Dear all!
Gas price/gas limit mean? i try many times but i really understand about this!
I used myetherwallet.
That limit is the maximum you would like to pay for that transaction. When Ethereum network have low transactions need to confirm, that mean lots of miners have no job to do then, you have to pay less gas(money) for some transaction. If you set gas limit = 100, but there are lots of free miners then i may cost less then 100 to pay for miner. Gas price/gas limit mean? i try many times but i really understand about this!
I used myetherwallet.
what is gas price?
that is fee or transfer speed from exchange or online wallet (exchange to wallet or wallet to exchange or wallet to another wallet)
Low price will be long time transfer, high price is fast transfer
CMIIW
Gas price indicates the priority of your transaction on EtherDelta a standard gas price is 4Gwei. If we increase gas price to 8 it transact very fast and transaction free is also increases.
If we first want to transact and transfer from Mew to etherdelta what gas price should be used?
Dear all!
Gas price/gas limit mean? i try many times but i really understand about this!
I used myetherwallet.
Gas limit means the limitation for the block to take the fees from your transaction. In another definition that means about the maximum limit to take the fees from your transaction. this will be combined by the gwei as the fees. Gas price/gas limit mean? i try many times but i really understand about this!
I used myetherwallet.
And after that your transaction will be getting the final result of your transaction fees. If you put the more gwei and the miners will take the more fees from your gas limit.
what is gas price?
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