Bitcoin Forum

This is perhaps a dumb question but I am wondering, how much ether gas is required for a token transaction? I am wondering in relation with all the e coins. I am assuming they would need a certain amount of ether to conduct all these airdrops.

Yes.. You are right, every coin transaction using etherium platform must use gas, if there is no gas we can not do transaction. I think the airdrop developers also spend a lot of eth to buy the gas they use for their coin distribution.

I was kinda hoping someone can estimate how much ether they need for these airdrops. It has got to be a whole lot of ether.

As I know it depends from token to token. Some tokens eat really high gas right after release and they return to normal levels after. I think you can safely ask one airdrop manager about it.

If I am not mistaken you need 21000 gas atleast and sometimes up to 100k or even more gas. It really depends on the contract and how it was constructed.

It also depends on the gas price you set

You might be putted your gas to the token transfer between 150000 - 200000 gas for each transaction. there is no relation to the ecoins. Ecoins just same with other altcoin.

This is true!

This week I had problems at even 80000 gas txns.

Maybe 0.005 = 0.17$ on deposite , withdraw or other , the default gas is 7 , you can set 10 for fast transaction but its too expensive.
I remember i was set 21gas , and cost 1.7$ on one transaction but the transaction fast.
Default transaction gas is too late , maybe 10-15minute/transaction  :o :o

Well, you can take a look at ethgasstation for the approx time for x amount of fees used in gas

Right now it is kinda costy to get your payment proceed in the network because of huge transactions

But after metropolis took place, we will be almost x2 faster now and back to 15 second of block time ;)

Although I'm not quite sure (and please someone corrects me if I'm wrong) but it depends on how fast you want the amount to be delivered

It really depends on how fast the transection you would like it to be. You can choose the GWEI to control the price and speed balance.  

AFAIK most of the transaction take up to 200k gas to make each transaction everytime, I have used in so many times that just try to put up to 200k gas fee for my transaction  and that was going smoothly and you can try it right now.

it's not a stupid question, until now I'm still confused about ether gas ,, how where do I count from any of our transactions I do not understand ,, this is a good question

Yes, it will cost considerable amount of ETH for gas, when you given more gas you will get your transaction results very fast. In crypto Time factor playing major role, you need to act fast and get your profits otherwise you will end up with bigger lost than gas cost. Even you set 21 gas limit, transaction cost you 1 to 2 usd cost but if you late by 10 min due  to low gas it will cost hundreds if usd. For example eBTC airdrop gave 2.5 k coins free, it went neary 0.8 usd per coin from 0.2 usd and again back to 0.3 usd within few hours, if you late by 30 minutes it costs you more than 500 usd. So think about your profits and expenses when settings gas limits.

Gwei by defauot is set at 7. There were time i will set mine to 60 just to get my transaction through in time. I love the fact that you can choose to slow down your transaction and the same time hurry it up!

ether transactions 2100
token transactions 210000
interact with smart contract 60000-80000
deploy a complex crowdsale smart contract 500000-800000

The Ethereum Gas fee is pretty low. If you have at least 0.001 Eth, you could send the coins with a 60-70k gas fee. It really is not that complicated.

I use 50 Gwei to make airdrop transactions in Etherdelta. This value or higher values enough for the sell in dump. But if you have time you can use lower values to reduce the price.

according to what you are questioning, I will reply that every transaction is definitely in need of funds for shipping and gas, if I think if not wrong you have to use 25000 gas or more than that ..

I think that's too high for every transaction you'll be made.
As for me I'm just using 15gwei and it's quite reasonable for me, it's not that too slow and not that fast, just right for me.
Like it just takes 5 minutes for a transaction gets confirmed.

it is too high, you will spend a lot of ETH if using 50 Gwei
usually I use 10 Gwei to speed up transactions, and the way it works :)

ussually i use 150.000 untill 200.000 to fee in transactions its make transaction faster and always be success, it minimize fail send the token to market and its always worth

Honestly, I just stick to the recommended amount as specified in MyEtherWallet. It is always shown there for the type of transaction you make and since I'm not too keen on waiting for transactions to confirm, I just allow the wallet to calculate and click send. I've never faced any problems before. At the moment, the fees don't equal to too much but if it ever becomes as valuable as Bitcoin, I guess we will all start to complain and fight for fees like with BTC now!

this is a useful forum

Etherem Gas is used for paying all transactions of trades. The price of Ethereum Gas is 8 GWEI while in price of Ethereum Fee is based on the token you have. It is also help to speed up the transactions of trades.

On what markets this coin is traded?

During ICO I'm always use 400000 gas limit with default gas price. It's very rarely occurs that actually transaction fee is more than 200000. This all depends on congestion in the ethereum network.

"Gas is the metering unit for use of the World Computer. As an analogy, electricity is metered by kilowatt hours. Using more computation and storage in Ethereum means that more gas is used. One fundamental reason for metering is that it provides an incentive for people (miners) to operate the World Computer. These miners get a fee for processing transactions, which is determined by the metering scheme: gas."

I think that 150k - 200k range already included in the reliable fees, so many people are suggesting it right now and that makes the transaction goes smoothly.  But it's really cheap in my opinion.

Yes I also did that also. I just let the mew compute the gas for me like I use what's the default gas. For me the confirmation time is just right like it didn't bother me at all. But OP if you really want to make it fast just set the gwei higher than the default price.

As far as I understand, the more gas you put, the faster the deal takes place. But do not put less than 21000, your transaction will often be canceled and the commission is charged.

As for me, when I want to deposit my tokens to EtherDelta I used to set 200 000 gas limit and 12 gwei. I costs about 0.8$ and transactions usually complete in 1-2 minutes, so it's quite cheep and fast. But it also depends from the network load when you make transaction.

tx fee is comprised of gas limit and gas price. https://www.cryptocompare.com/coins/guides/what-is-the-gas-in-ethereum/ (https://www.cryptocompare.com/coins/guides/what-is-the-gas-in-ethereum/)

Most of the time it requires 21000 gas, then I also noticed that sometimes it depend on the contract of the coin it requires 100k or more something like that mate.

Ether transaction speed is combination of gas amount AND gas price.

If you want cheap transactions, you will need to wait for confirmation. 21-50K gas is fine. But your transaction could stuck for hours.
If you want fast transactions within minutes, this will cost you $$. 100-200K gas and even higher gas price.

As I think it depends from the token to the token. Some tokens are really high gas right after they are released and they return to their original level afterwards. I think you can safely ask an airdrop center about it.

if you send eth with gas 21000 is success but if you send other token with gas 21000 it failed.ussually i use gas 150000
it different if i send the token who low price i put 81000 for gas

Maybe it's a little strange, but I had never had any problems with default gas limit and gas price even during ICO.