Topic: Will wild swings in GAS prices make ETH based projects economically uncertain? (Read 82 times)
July 14, 2018, 09:09:37 AM
I think this situation is temporary and sooner or later it will stabilize. Anyway, the difference is about two dollars, I think those large businesses that you mention would not have much problem with it. It would be different if the price of ETH and consequently the price of gas were ten times higher.
July 14, 2018, 08:22:43 AM
I just sat down to deliver about 500 Airdrops on ETH. I've been been spending an a couple hours each morning doing the same thing. The GAS costs have been all over the place.
Wednesday: 12 GWei ($0.17)
Thursday: 20 GWei ($0.49)
Friday: 33 GWei ($0.82) in the morning and 20 GWei ($0.49) in the evening.
Saturday: 92 GWei ($2.32)... I will be waiting
I know GAS prices required to run a contract are affected by what is going on on the network. But, will large transaction businesses ever be able to use ETH for their projects with costs spiking 1100% from day to day and hour to hour? Or, will ETH only be an ICO platform where projects have to jump off?
Amazon AWS can be pricey, but $2.32 for a transaction that cost $0.17 on Wednesday makes ETH not viable?
Any insight would be appreciated...
Thanks!
Wednesday: 12 GWei ($0.17)
Thursday: 20 GWei ($0.49)
Friday: 33 GWei ($0.82) in the morning and 20 GWei ($0.49) in the evening.
Saturday: 92 GWei ($2.32)... I will be waiting
I know GAS prices required to run a contract are affected by what is going on on the network. But, will large transaction businesses ever be able to use ETH for their projects with costs spiking 1100% from day to day and hour to hour? Or, will ETH only be an ICO platform where projects have to jump off?
Amazon AWS can be pricey, but $2.32 for a transaction that cost $0.17 on Wednesday makes ETH not viable?
Any insight would be appreciated...
Thanks!
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