Gas Price Skyrockets as Gassy Jack Spends $1.89 in ETH for a Single Transaction
Gas price, Ethereum transaction cost, Gas fee for ETH transaction
Gassy Jack recently sent a transaction using Ethereum, and the details of his transaction are quite interesting. The base fee for his transaction was 35 gwei, with a maximum fee of 60 gwei. In total, he used 21,000 gas units for the transaction, and at the time, the price of ETH was $2700. The question posed is how much did it cost him?
To calculate the total cost of the transaction, we need to consider the gas fee, which is calculated by multiplying the gas used by the gas price. In this case, Gassy Jack used 21,000 gas units, so the total gas fee would be 21,000 gas units x 35 gwei = 735,000 gwei. To convert this to ETH, we need to divide by 1,000,000 to get 0.735 ETH. Finally, to find the cost in USD, we multiply the ETH amount by the price of ETH, which gives us 0.735 ETH x $2700 = $1984.50.
Therefore, the total cost of the transaction for Gassy Jack would be $1984.50. It’s essential to note that transaction costs can vary depending on network congestion and gas prices, which fluctuate based on demand. If you’re interested in learning more about Ethereum gas fees and transactions, you can join the conversation on Discord with Gassy Jack and others.
Gassy Jack just sent a tx.
• Base: 35 gwei
• Max: 60 gwei
• Gas used: 21,000 gas units
• ETH = $2700How much did it cost him?
He’s waiting in Discord: https://t.co/jBInP29H3S pic.twitter.com/fKA55q852Z
— ETHGAS (@ETHGASofficial) June 11, 2025
Are you curious about the cost of sending transactions on the Ethereum network? Well, look no further because we’re going to dive into the details of a recent transaction made by Gassy Jack. Let’s break down the numbers and figure out how much it cost him to send a transaction using Ethereum.
Understanding the Transaction
Gassy Jack recently sent a transaction on the Ethereum network, and here are the key details:
– Base fee: 35 gwei
– Max fee: 60 gwei
– Gas used: 21,000 gas units
– Value of ETH: $2700
Calculating the Cost
To calculate the total cost of the transaction, we need to consider the gas fee and the value of ETH. The gas fee is determined by multiplying the gas used by the gas price. In this case, the gas price is between the base fee and the max fee, so let’s use the average of 47.5 gwei.
Gas Fee = Gas Used x Gas Price
Gas Fee = 21,000 x 47.5 = 997,500 gwei
Converting the Gas Fee to ETH
Now, we need to convert the gas fee from gwei to ETH. Since 1 ETH is equal to 1,000,000,000 gwei, we can calculate the gas fee in ETH by dividing by 1,000,000,000.
Gas Fee in ETH = 997,500 / 1,000,000,000 = 0.0009975 ETH
Calculating the Total Cost
To find out the total cost of the transaction in USD, we need to multiply the gas fee in ETH by the value of ETH.
Total Cost = Gas Fee in ETH x Value of ETH
Total Cost = 0.0009975 x $2700 = $2.69
So, Gassy Jack’s transaction cost him $2.69 in total. Not too bad for sending a transaction on the Ethereum network!
Join the Conversation
If you’re interested in learning more about Ethereum gas fees and transactions, feel free to join the discussion on Discord. Gassy Jack might be waiting to chat with you about his recent transaction. Just click on the link provided to join the conversation.
In conclusion, understanding the cost of transactions on the Ethereum network can help you make informed decisions when sending ETH. By knowing how gas fees are calculated and the factors that influence them, you can optimize your transactions and save on fees. So, next time you send a transaction on Ethereum, you’ll have a better understanding of the costs involved. Happy transacting!
Gassy Jack just sent a tx. • Base: 35 gwei How much did it cost him? He’s waiting in Discord:
• Max: 60 gwei
• Gas used: 21,000 gas units
• ETH = $2700