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Bitcoin Forum / Re: Bitcoin will go under 1k $?
« on: February 04, 2018, 10:08:54 PM »
Bitcoin is seriously falling and strongly to compete. By how much dip will this be before rallying will be seen in the coming days
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Ethereum Forum / Re: What is Gas limit means and what Gwei.
« on: December 13, 2017, 09:11:08 PM »
Ether=Tx fee=Gas Limit * Gas Price
i.e. Gas Limit= Tx fee/Gas Price
Gas Limit is liking to the amount of liters/gallons/units of gas for a car that required to drive a car from point A to point B. You can think of the gas price as the cost of that liter/gallon/unit of gas i.e. the amount you will pay for that quantity.
With a car, it's $2.50 (price) per gallon (unit).
With Ethereum, it's 20 GWEI (price) per gas (unit).
To fill up your "tank", it takes...
10 gallons at $2.50 = $25
21000 units of gas at 20 GWEI = 0.00042 ETH.
Therefore, the total TX fee will be 0.00042 Ether.
Sending tokens will typically take ~50000 gas to ~100000 gas, so the total TX fee increases to 0.001 ETH - 0.002 ETH
i.e. Gas Limit= Tx fee/Gas Price
Gas Limit is liking to the amount of liters/gallons/units of gas for a car that required to drive a car from point A to point B. You can think of the gas price as the cost of that liter/gallon/unit of gas i.e. the amount you will pay for that quantity.
With a car, it's $2.50 (price) per gallon (unit).
With Ethereum, it's 20 GWEI (price) per gas (unit).
To fill up your "tank", it takes...
10 gallons at $2.50 = $25
21000 units of gas at 20 GWEI = 0.00042 ETH.
Therefore, the total TX fee will be 0.00042 Ether.
Sending tokens will typically take ~50000 gas to ~100000 gas, so the total TX fee increases to 0.001 ETH - 0.002 ETH
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Ethereum Forum / Re: Would you invest a million dollars in ethereum Or in bitcoin?
« on: November 30, 2017, 02:02:06 AM »
Ethereum is the next crypto to look forward to because all smart contracts are build in ethereum erc20. Soon ethereum will fly up like bitcoin.
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