As of June 11, 2018, the price of 1 ether is about $520 (from https://www.coindesk.com/ethereum-price/). From https://ethgasstation.info/, the average price of 1 gas is 2 Gwei (1 Gwei=10^9 wei) which implies that the average price is 2 times the square root of $520 (about $46). It seems to be very high (an addition operation costs 1 gas). Is there a mistake in the calculations?
[Ethereum] Price of 1 gas in dollars
ethergas
Best Answer
1 Ether
=10^9 Gwei
i.e.
Price of 1 Gwei
=Price of 1 Ether
/10^9
Given
Price of 1 Ether
=520
dollarsPrice of 1 Gwei
=5.2 * 10^-7
dollars or0.000052
cents.Thus if
1 gas
=2 Gwei
, then1 gas
=0.000104
cents.Not sure why your calculation involved a square root.