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I would like to understand how the Ethgasstation algorithm works. I did not find its explanation of reasoning. I found the explanation of another algorithm that looks like Ethgasstation but not exactly that of Ethgasstation. Thank you.

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    Which part exactly? It has lots of information – Lauri Peltonen Sep 26 '19 at 9:58
  • Tx calculator, thank you. – AA05 Sep 26 '19 at 10:08
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It's probably quite straightforward:

  • Check the previous X blocks
  • See what gas prices have been used in them
  • See how long the transactions have taken with certain gas prices
  • Possibly extrapolate results into the near future
  • Display the results in the TX calculator to estimate near-future gas prices and how long transactions take with them
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    Anything is possible, but I doubt it uses any sophisticated methods such as deep learning. Simple extrapolation is probably enough. – Lauri Peltonen Sep 26 '19 at 11:02
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    I don't think they just make use of a linear trend for example. Probably the more recent tx will be weighted more than the other ones. Thus giving a result that is more accurate. Either way great job +1 – Niklas Feurstein Sep 26 '19 at 12:33

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