Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: admin on April 18, 2018, 01:08:13 PM
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This makes absolutely no sense to me!
when the ETH price is down so does the safe gas price goes down,
meaning the miners are willing to get even less ETH for mining > thus the dollar amount is even lower than what they would ask.
When
the price is up, you would expect that they would ask for less ETH, as ETH is more valuable and has a higher $ amount, well ... you're wrong! when price of ETH goes up so does the safe gas price, which means when the eth goes up, not only transactions costs more because the eth costs more, but in addition to that miners ask for more ETH which makes absolutely no sense !!
check the gas fluctuations:
https://ethgasstation.info/
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This makes absolutely no sense to me!
when the ETH price is down so does the safe gas price goes down,
meaning the miners are willing to get even less ETH for mining > thus the dollar amount is even lower than what they would ask.
When
the price is up, you would expect that they would ask for less ETH, as ETH is more valuable and has a higher $ amount, well ... you're wrong! when price of ETH goes up so does the safe gas price, which means when the eth goes up, not only transactions costs more because the eth costs more, but in addition to that miners ask for more ETH which makes absolutely no sense !!
check the gas fluctuations:
https://ethgasstation.info/
It looks like no sense admin but it is informative for us, now I know that the gas price was safe when the price of ETH goes up.
I'd like to use eth transaction from exchange to my main wallet because it is the low cost of transaction fee or gas price fee.
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I haven't really noticed that one. I only know gas price goes up when the network is congested. Thanks for the info anyway.