The gas price is a common term for the estimated transaction fees on the Ethereum blockchain. It refers to the amount of ETH (in a tiny unit called gwei) that must be paid to miners for executing transactions on the network. One gwei is equivalent to 0.000000001 or 10–9 ETH.
When is the cheapest time to buy ETH gas?
If you want to pay the least amount of Ethereum fees, make your transactions between 9 and 11 p.m. UTC. Weekends are also more advantageous, with rates lowest between 10 p.m. and 11 p.m. UTC.
Where can I find the live gas price for blockchains?
If you want to see the current gas costs for blockchains, go to the Oraclez app and click on the gas price icon. You may select your blockchain from the list and check the current gas price every 15 seconds.
