Ethereum gas price statistics

David Carl and Christian Ewerhart

For users of the Ethereum network, the gas price is a crucial parameter that determines how swiftly the decentralized consensus protocol confirms a transaction. This paper studies the statistics of the Ethereum gas price. We start with some conceptual discussion of the gas price notion in view of the actual transaction-selection strategies used by Ethereum miners. Subsequently, we provide the descriptive statistics of what we call the threshold gas price. Finally, we identify and estimate a seasonal ARIMA (SARIMA) model for predicting the hourly median of the threshold gas price.

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Year of publication:	December 2020
Authors:	Carl, David ; Ewerhart, Christian
Publisher:	Zurich : University of Zurich, Department of Economics
Subject:	Ethereum \| gas price \| confirmation time \| forecasting \| Preis \| Price \| Erdgas \| Natural gas \| Prognoseverfahren \| Forecasting model \| Erdgasmarkt \| Natural gas market

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Working paper series / University of Zurich, Department of Economics. - Zurich : [Verlag nicht ermittelbar], ISSN 1664-705X, ZDB-ID 2625625-3. - Vol. no. 373
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.5167/uzh-194455 [DOI] hdl:10419/228872 [Handle]
Classification:	c57 ; C22 - Time-Series Models ; D85 - Network Formation ; E37 - Forecasting and Simulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012390059