GAS FEE WAR

[Subzy]

What is the highest amount of Gas price(gwei) you have paid to participate in a Pre-sale or ICO?

what are the possible effects on newcomers to crypto trading?

[1714732035]

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[Andrey123]

Stupid question...
You can put at least 0.5 Gwei and the transaction will be completed.
You can put 50 Gwei and the transaction is also confirmed.
Only one slower, the other faster.

[dicaprio]

I think the maximum amount of commission was as usual, because I never experienced any problems with this, of course I heard that a lot of people got into a situation when the ether network was overloaded, but in any case it is quite a rare phenomenon

[aakriti]

I paid 50gwei for Etherdelta ICO and also paid 50 gwei for transfer my tokens from MyEtherwallet one account to other account. This is too much expensive, However MyEtherWallet is free.

[Subzy]

Stupid question...
You can put at least 0.5 Gwei and the transaction will be completed.
You can put 50 Gwei and the transaction is also confirmed.
Only one slower, the other faster.

You are right. The only problem is that a lot of people couldn't get in on recent ICO'S because it sold out in a few minutes before their transaction was completed.

[Olatunjex]

Tried to participate in an ico about a month ago now i set my gwei to 80 and gas limit to 250k even at that i was unable to buy i have this thought and was told if i increase it way too high the transaction will be successful.

[SimplyEverything]

I tried sending 0.1 Gwei and the gas of 21000 it went through within a min so sending ETH with any gas or gwei eventually it will be sent, but for ERC-20 Tokens you will need far more gas.
Use https://ethgasstation.info/ to calculate the price of the transaction, at first sending out transaction "erc 20 tokens" its hard and after a few days i figured it out what matter is the how much are you willing to pay for a transaction, i personally want to save so i use less gwei and average gas if it fails just add more gas and try.

Withdrawing from Exchange cost more because the fees are set by them automatically with API from the Eth network seeing which fee is suitable for a fast withdraw.

[Wittycoin]

Stupid question...
You can put at least 0.5 Gwei and the transaction will be completed.
You can put 50 Gwei and the transaction is also confirmed.
Only one slower, the other faster.

You`re right about that, but if you withdraw your coin or transfer it to another wallet from exchangers it will cost big amount of gas fee.

[Geenstijl]

There were a lot of ICOs which have ended in a few minutes. So if you set a low gas price or gas limit your tx could be not included into the block in time. The highest tx cost that I paid was around 0.05 ETH (100 Gwei gas price * 500.000 gas limit).

[rejosh]

i have used 99 Gwei for dadi ico still haven't manage to get in. I hate this gas war.

[not altcoin hitler]

What is the highest amount of Gas price(gwei) you have paid to participate in a Pre-sale or ICO?

what are the possible effects on newcomers to crypto trading?

The two recently participated ICOs blockport and selfkey in both of them I did put 99Gwei and 300K GAS limit but still in self key my transaction didn't go through and I lost some ETH as GAS fees. It would be better for ICOs to cap the individual contributions so that each candidate can participate without worrying.

[AiwaDima]

It all depends on how much you put the gas, if the smallest one transaction will go for a long time, if you put a high one then the cost will be bigger and it will come instantly

[zxcv cool]

There are fixed fee and non-fixed fee, and the fixed ones can be fixed according to the official designation. If it is not fixed, I suggest 250, 000 gas and 500 gwei. This fee setting, basically can be the top 100.

[gigantus]

I have not yet used gas. How do you think how much gas will cost in a year? And will it be profitable to use the air for the high prices?

[Dydot]

50 Gwei should make your transaction go faster

[mobilazy]

Ok, I can see more gwei, faster your transactions.

Then what is the gas limit? Why ICO's asking for insane amounts like 300000?

I doing my regular transactions to exchanges with Gwei 15 and gas limit 20000. It cost me usually not more than 1 buck. Why ICO's is different?
Or just copying other successful ICOs which sold in 1 hrs. But typical ones going on for days and still asking high gas limits. Why so? And what if I just put my usual gas limit? Will they reject my transaction?

[Subzy]

What is the highest amount of Gas price(gwei) you have paid to participate in a Pre-sale or ICO?

what are the possible effects on newcomers to crypto trading?

The two recently participated ICOs blockport and selfkey in both of them I did put 99Gwei and 300K GAS limit but still in self key my transaction didn't go through and I lost some ETH as GAS fees. It would be better for ICOs to cap the individual contributions so that each candidate can participate without worrying.

Your experience is just one out of many that is being encountered. It's even sadder that the TX cost is non-refundable. If investing will remain open to all (not just the whales), it is important that ICO'S cap the individual contributions and maximum gas price be set asap

[Crypto_lion]

It used to be normal about a month back but right now too many people trying to get into ICO that it gets sold out in minutes .Some ICO's are trying to avoid them by giving whitelisted users fixed allocation.

[MartiniBlanco]

You can use what ever you want for the gas price. If you want to do a transaction that is very fast just put the gas/gwei price to 30-50. If you dont wanna waste money just put the gas/gwei price down!

[dobolspeed3]

I personally often use gas at number 21 it's fast enough for me. But if you want more relaxed waiting can use gas in figure 4. That's the gas standard I know.