What is the miner fee of Ethereum?
Users who use SuperEx's Ethereum wallet to perform any on-chain operations
(wallet transfer, call contract, write data) must pay a fee to the miners
who maintain the Ethereum network. This fee is the miner fee.
How the miner fee is calculated?
Before understanding how to calculate miner fees, we need to know the
following three concepts.
Ethereum introduced the concept of Gas. Each calculation step in the
transaction process needs to consume Gas, and the Ethereum system
specifies the amount of Gas consumption for all operations and contracts.
Therefore, in layman's terms, Gas reflects the "workload" of each
transaction. Transactions with low workloads consume a small amount of
Gas, and transactions with high workloads consume a large amount of
Gas. Therefore, Gas is also called the "fuel" of the Ethereum network.
Gas Limit is the maximum Gas consumption amount that the user is
willing to set for the successful execution of a transaction. If the actual
Gas consumed exceeds the Gas Limit set by the user, the transaction will
fail; If the Gas consumed by the transaction is less than the Gas Limit,
then the transaction will be successful, and the unused Gas will be
"returned" to the user. (Gas Limit is collectively referred to as Gas).
Gas Price is the price that users are willing to pay for each Gas, the
organization is GWEI, 1 GWEI = 0.000000001 ETH.
Miner fee = amount of Gas consumed by transaction * Gas price = Gas *
Therefore, the miner fee of Ethereum is calculated by Gas and paid in ETH.
Miners give priority to processing transactions with higher miner fees. If
you want transactions to be completed quickly, please be sure to set
higher miner fees.
Regardless of whether the transaction is successful or not, Gas will be
consumed. It's like driving to a certain place but running out of gas
halfway through. Although you haven't reached your destination, the
gasoline has already been consumed.
Ethereum wallet transfers can only use ETH to pay for miner fees, and
cannot use other tokens.