How To Win Gas War
Last updated
Last updated
Gas fees **are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum Blockchain. "Gas limit" refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction. A higher gas limit means that you must do more work to execute a transaction using ETH or a smart contract. ()
Gas fees **are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum Blockchain. "Gas limit" refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction. A higher gas limit means that you must do more work to execute a transaction using ETH or a smart contract. ()
Make sure to check previous transactions in the contract of the project, check how much the gas usage is of the contract per transaction or multiple transactions.
We will use Arcade as example. Someone minted 2 Tokens in the presale and as you can see at the bottom, the contract uses 313,448 gas. Now we know that the gaslimit for the public sale is similar.
For example, we are allowed to mint 2 per transaction at the public sale and the current floor on opensea is 5 ETH. We know the total mint price (6 ETH) and we know the gaslimit. (313,448)
We as MinTech have coded a bot inside our discord to calculate how much gas you would pay for each amount of GWEI. !gas (total mint price) (gaslimit), we will use !gas 6 313448 as command.
So 2 NFTS are worth 10 ETH together. Everything between 100 - 13000 gwei is not a lost (if the opensea floor won't drop in price) now you have to calculate your initial gwei, it also depends on how much supply is left for example less than 500 people won't send a lot of gwei, because most people are scared to fail. If there is a lot of supply left over 3k or something you can start with a realistic amount between 100 - 13000 gwei and if your transaction isn't confirmed fast, you can always with your 2nd instance or CSV. We also have an inbuild gas tracker at the top of the CLI, try to speedup your gas over the gastracker gwei. After a few drops you will gain more experience and then with the time it will become much easier, ETH NFT drops are often mindgames.
Example of Arcade: !gas (total mint price) (gaslimit), only use this command in
