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Title: What is miner (gas) fee? Post by: Obi theo on December 27, 2020, 04:34:50 PM We all in this community make transaction mostly everyday, but have we ask ourselves what Miner fees is about?
Or gas fee as we would say. What is gas fee?. With my little research ,gas fee are payment made to compensate the computer energy to process and validate transaction on the blockchain. Source: https://www.investopedia.com/terms/g/gas-ethereum.asp Which brings us to gwei. Gwei is a denomination of the cryptocurrency ether (ETH), which is used on the Ethereum network to buy and sell goods and services. Gwei is the most commonly used unit of ether because gwei can specify Ethereum gas prices easily. https://www.investopedia.com/terms/g/gwei-ethereum.asp How to calculate gas fees? The cost of transaction ( "the transaction fee") is Gas limit *Gas price. Source : .https://kb.myetherwallet.com/en/transactions/what-is-gas/ When miners fees is high it means the network is really congested . Title: Re: What is miner (gas) fee? Post by: Travel Standard on December 27, 2020, 06:16:15 PM Yes you are Right.
I think you worked hard to get this information. I often used 1Am -4AM for sending transaction through Eth because at this time the number of transaction is very less so gas fee is also low. Almkst 26 GWEI - 40 GWEI. Title: Re: What is miner (gas) fee? Post by: wsxqaz123 on January 01, 2021, 01:04:42 PM I know gas fee, which is the fee paid to miners during the transfer of eth or eth tokens.
Gas bills will change every moment，I have a website which will check the current gas bill. The website is：https://ethgasstation.info This can help you save costs,I hope it will can help you. Title: Re: What is miner (gas) fee? Post by: OcTradism on January 01, 2021, 01:14:10 PM You need to check and select gas price for your transactions on ERC20 chain. You also can cancel your transaction or replace it with higher gas price. There are days with fee is high and some few days when fee is lower.
ETH/ERC20 - Check and select good Gas price (https://bitcointalk.org/index.php?topic=5261480.msg54771880#msg54771880) What is Ethereum gas? (https://bitcasino.io/blog/cryptocurrency/what-is-ethereum-gas) [GAS Price Aggregator] How to find the optimal gas price (https://bitcointalk.org/index.php?topic=5275510.0) GAS NOW - New Price Gas Forecast Service (https://bitcointalk.org/index.php?topic=5278723.0) [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto) (https://bitcointalk.org/index.php?topic=5277890.0) Ethereum: how to save even more on gas price with a weekly plan (https://medium.com/dextf/ethereum-how-to-save-even-more-on-gas-price-with-a-weekly-plan-c6689ac09fe6) |