[Ethereum] Gas price in ETH unit

etherfeesgas-pricetransactions

I am wondering if there's a website that provides the price of the standard gas limit (21000 Gas, transaction cost for sending ETH) in ETH unit.

I checked Ether.Fund site, but it provides the gas price in BTC and is based on ether pre-sale rate.

Best Answer

There is no fixed gas price that transactions must have.

You can specify the gas price, and if you set a gas price within certain bounds, the transaction will be accepted by miners using their default values and oracle.

The default gas price is now 0.02 microether which is equivalent to:

  • 0.00000002 Ether (.02 * 1e-6)
  • 0.02e12 wei
  • 20000000000 wei
  • 20e9 wei
  • 20 Gwei (gigawei)
  • 0.02 szabo

When you send ETH, your client (Geth or Parity) will use the default gas price of 0.02 microether.

If 1 ETH is $10, 1 gas will cost 0.00000002 * 10 dollars.

If ETH is $10, 21000 gas will cost 0.00000002 * 10 * 21000 = 0.0042 dollars, which is 0.42 cents.

If ETH is $1000, 21000 gas will cost 0.00000002 * 1000 * 21000 = 0.42 dollars, which is 42 cents.

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