Gas price is still 20 Gwei. Isn't it time for an adjustment?
What needs to happen for the gas price to adjust?
Posted Mar 30, 2017, 4:08 PM UTC
257
In reverse chronological order:
https://www.reddit.com/r/ethereum/comments/5yxlax/any_reason_why_we_shouldnt_half_the_gas_price_to/
https://www.reddit.com/r/ethereum/comments/5x926o/gas_price_market_not_properly_working_dear/
You can use a lower gas price, but even if there are miners who will accept your price, the tx will be slow to propagate because geth nodes refuse to relay tx's with a gas price lower than their configured minimum (20 Gwei by default).
To get the geth default adjusted, try opening a pull request (here is where it needs to be changed). You might use the uncle rate analysis and argue that a better default is 11 Gwei according to the most recent data. A default even lower than 11 Gwei could be rationalized too, if we optimize uncle inclusion (explained more here).
4
You can just lower it for your transactions- 7 gwei works well right now but it will be a couple minutes slower to confirm. Use 20 or even 40 gwei if you want the fastest confirms.
ok, thanks
I send all my tx with 7 gwei unless I need fast confirm. Have you seen my site , http://ethgasstation.info ?
Sick site bro. Well done.
Ty