Sparkpool launches GasNow service to predict Ethereum fees

One of the largest mining pools in China, SParkPool, developed GASNOW – A tool for predicting gas prices in the Ethereum network.

In recent months, gas prices in the Ethereum network update records due to Defi industry growth. Sparkpool developers team came to conclusion, that there is a large gap between the declared Gas Station GAS GAS Service and the actual dimensions of the commissions. This led to the creation of Gasnow.

"There are two ways to calculate the gas fee", – notes the head of the development of the products of SParkPool products under the pseudonym Uncle Meow. “Most of the existing solutions calculate gas fees based on historical data on commissions. However, SparkPool calculates it on the basis of the quantity awaiting confirmation of transactions in our Mempool ".

After testing, SparkPool made the tool a public. GASNOW main users, According to the developers, will become participants in the strategy of "profitable farming" (farming) в Defi.

“We decided to make Gasnow a public, since more accurate assessments of the size of the commissions will benefit the entire network. Being a mining bullet, We maintain neutrality and Gasnow does not interfere in our existing business model ", – said Uncle Meow.

Gasnow is now free and will remain so for users for some time. Chinese cryptocurrency wallets, eg, imToken, Mykey, MathWallet, TokenPocket, Already integrated Gasnow. As the developers report, Now the instrument is mostly used by the inhabitants of China, However, SparkPool is counting, that soon Gasnow will attract users from abroad.

Recall, that this week the size of the average commission for the transaction in the Ethereum fell
to a minimum since the beginning of August.