MultiversX Tracker is Live!

Can someone double check my math on fee per byte calculation?

Etherum Reddit

More / Etherum Reddit 170 Views

Ethereum’s Yellow Paper states that it costs 20 000 gas to store one 256-bit word.

8 bit = 1 byte, therefore 256-bit word = 32 bytes. 1024 bytes = 1 kilobyte, therefore 1 kilobyte costs 32 x 20,000 gas = 640,000 gas.

Median gas price = 80 Gwei x 640,000 = 51,200,000 Gwei (12-10-2021) = 0,036061Eth Converted to USD = $134,09 (12-10-2021)

Is this about accurate? 1 kb of storage on Ethereum = $134,09? Am I missing something?

Thanks!

submitted by /u/MadisonBitcoin
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments