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Gas Fee

Why have the gas fees been so high the last 2 weeks?  This morning it was up at $19.00.

Labels: Payout, Ethereum

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Re: Gas Fee

Gas fees are calculated and controlled by the Ethereum network. There are some very technical articles on how it is calculated, but from a high level its based on the network traffic (number of transactions happening), the number of miners across the network and the current difficulty level.

https://ethereumprice.org/gas/ to have a look at how often it changes throughout the hours and days.

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