0

I am calculating amount of dollars needed to deploy one of my smart contract. Gas used for the transaction is 1922666. My calculation is as below. Is it correct ? I feel this is huge amount in dollars.

Ethers per gas - 0.0000001

Total ethers needed for my transaction is - 1922666 * .0000001 = 0.1922666

When I was doing the calculation 1 ether was 648 dollars so

.192666 ether = 124.5887568 dollars.

Is this correct ? 124 dollars is to high cost right for just deploying one smart contract. Am I doing anything wrong ?

When I checked the same in gas station I get only around 1 dollar. Please check the attached screen shot.enter image description here

0
  1. If you have tx hash, check it here - https://ropsten.etherscan.io
  2. there is price 0.9 Gwei on the screenshot. 0.9 Gwei == 0.0000000009 Eth (https://etherconverter.online). So, 1922666 gas * 0.0000000009 Eth * $751 = $1.2995299494.

PS: In case you need more info related to gas, have a look at this article - https://myetherwallet.github.io/knowledge-base/gas/what-is-gas-ethereum.html

| improve this answer | |
  • Ohk. Can we specify cost of 1 gas while calling transaction ? – Bill Goldberg Dec 26 '17 at 12:50
  • Sure, you want to set gasPrice for that value. You have pointed it with Ethers per gas - 0.0000001 in your post. gasPrice is set by default, but you can adjust it. – Vanja Dev Dec 27 '17 at 13:50

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.