2

I sent a transaction at 2 Gwei over standard rate as shown by ETHGASSTATION. So it said 22, so I used 24. The average wait was 3 blocks or 46 seconds. Its been pending for 20 minutes.

4

No it is not accurate - it is an estimation/a heuristic.

  • Thanks. Hopefully these estimations can be made more accurate as time goes on. – Toby Jan 12 '18 at 18:11
0

One factor which doesn't appear to factor in to the Gas Station pricing is that a pending transaction seems to have a good chance of being evicted from the in-memory pool of any particular miner. Thus the pending transactions shown on etherscan don't indicate much that is older than an hour.

Currently, 2/3 of the pending transactions on etherscan have 5 gwei or less gas price, but that only accounts for 1.8% of the transactions counted by the gas station. The gas station says it uses 'less than 1 gwei' as a watch list for slow transactions, but this doesn't seem to be effective since the list is empty.

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.