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What gas price / gas limit should I use? #12

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owocki opened this Issue Dec 23, 2017 · 1 comment

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owocki commented Dec 23, 2017

(request gas from our faucet here)

On this screen and trying to figure out what to do?

screen_shot_2017-12-23_at_7 28 53_am

What is gas? Why do I need it?

See this article

What gas price should I use?

Basic Answer

gitcoin is smart enough to set a gas price that will confirm within 5 minutes. so if thats what was filled in when you pressed the button on gitcoin, that value should be good

that said, the ethereum mainnet network conditions have wildly fluctuated between 5 gwei and 50 gwei in the last weeks. if you want to do more fine tuned tuning of gas prices,

Advanced Answer

  1. go to https://gitcoin.co/gas to see current network conditions
  2. choose a gas value that matches the confirmation time (and price ETH) you'd like
  3. use that value

What gas / gas limit should I use?

gitcoin is smart enough to set a gas / gas limit that will successfully execute the transaction. in 99% of cases, your best bet is to use the value that's filled in from gitcoin.

@owocki owocki changed the title from What gas price / limit should I use? to What gas price / gas limit should I use? Dec 23, 2017

@owocki owocki added the help label Dec 23, 2017

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owocki commented Jan 8, 2018

this browser extension is really useful for seeing the latest gas prices straight inbrowser https://chrome.google.com/webstore/detail/ethereum-gas-price-extens/innfmlnnhfcebjcnfopadflecemoddnp

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