Estimate transaction cost (DEPRECATED)

To measure the cost of a transaction in fiat currency, we calculate as follows
gas consumed×median gas cost×tez price1,000,000=tx price\frac{\text{gas consumed} \times \text{median gas cost} \times \text{tez price}}
{1,000,000} = \text{tx price}1,000,000gas consumed×median gas cost×tez price​=tx price
We take as an example the median gas cost¹, and the tez price on October 7, 2021:
median gas cost: 0.1 / gas unit 
tez price: 6.7
We use the following values for the gas usage: 
​
​
Hic et Nunc NFT minting: 94,000 gas units 
Hic et Nunc NFT transfer: 123,000 gas units 
tez transfer: 1,500 gas units​
This cost calculation is indicative only. It’s not absolute nor guaranteed; it’s a cost estimate based on figures which are valid at one particular moment.
[1]: We took the median value in a range of 13 gas cost values.
​

How-To - Previous

Estimate Tezos performances (DEPRECATED)

Next - Decentralized Applications

DeFi on the Tezos blockchain

Last modified 1yr ago