💰Estimate transaction cost (DEPRECATED)

To measure the cost of a transaction in fiat currency, we calculate as follows

$$\frac{\text{gas consumed} \times \text{median gas cost} \times \text{tez price}} {1,000,000} = \text{tx price}$$

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:

\begin{array}{l@{\ }c@{\ }l} \text{tez transfer cost} &=& \frac{1,500 \times 0.1 \times 6.7}{1,000,000} \approx 0.001005\ EUR \\[2ex] \text{NFT transfer cost} &=& \frac{123,000 \times 0.1 \times 6.7}{1,000,000} \approx 0.08241\ EUR \\[2ex] \text{Mint NFT cost} &=& \frac{94,000 \times 0.1 \times 6.7}{1,000,000} \approx 0.06298\ EUR \end{array}​

• 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.