What is Gwei?
Gwei (giga-wei) is a denomination of Ether used to measure gas prices. 1 ETH = 1,000,000,000 gwei.
Gas Price Context
- Low: 10-30 gwei
- Medium: 30-60 gwei
- High: 60-150+ gwei
Calculating Costs
Transaction Cost = Gas Used × Gas Price (in gwei) × 10^-9
A 21,000 gas transfer at 50 gwei = 0.00105 ETH