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The real answer is that you have to pay attention to the gas limit per block, which is pretty high now On the Ethereum EVM it is 12,000,000 ether gwei. Most bl
by vmception 6y ago
The real answer is that you have to pay attention to the gas limit per block, which is pretty high now
On the Ethereum EVM it is 12,000,000 ether gwei. Most blocks are full. If you are willing to pay 12,000,000 ether gwei at competitive gas prices, it will get mined.
For an image application you can probably use as many blocks as you want to create and store a larger image.
As blocks are already full, this wont change anything, some people will get priced out for the time being or they pay higher gas price, miners get paid 12,000,000 ether gwei * gas price either way.
So gas prices right now are like 135 gwei.
12,000,000 ether gwei is 0.012 ether. 0.012 * 135 = 1.62 ether @ $1,704 per ether = $2760 cost if you want to fill up an entire block
Binance Smart Chain EVM has 30,000,000 binance gwei gas limit. And the binance token is much cheaper to begin with at the moment.
and there are other EVMs, you can find the EVM you want to use. Ethereum mainnet EVM has the highest number of nodes to store it though.
Its economical if you can sell it for a higher price. No different from any other art trade, artist can take the risk or a studio can front capital.
- vmception 6y agoSidenote: you should really learn about the EVM and be able to synthesize the same answers as I did this is unrelated to being a “blockchain skeptic”, a “no-coiner”, a “bitcoin only, Ethereum is too centralized, dont mention any other distributed ledger around me” person, or anything else The EVM (Ethereum Virtual Machine) concept is as important to be up to speed on as the JVM (Java Virtual Machine) concept
- c-cube 6y agoSidenote: you should really learn about homeopathic dilution and how to synthesize the same cancer drug as I did. This is unrelated to being a "homeopathy sceptic", a "no-diluter" person, or anything else. --- Really? If you think blockchains are stupid, why should you learn about the details of how exactly the pollution happens and how much real money is used to power each transaction?
- vmception 6y agoBecause I think ad retargeting conglomerates are stupid too but they still use the JVM and I’ll work for san organization or project involved in that which uses Java
- carver 6y agoBased on context, you seem to be referring to gas when you say 12 million "ether gwei" (the block limit being 12 million gas, lately). But gas is its own unit, not measured in ether (or in wei, the smallest atomic unit of ether). The reason the math still works is that 12 million gas priced at 1 gwei/gas would cost 12 million gwei, which is .012 ether. (Since one ether is defined as a billion billion wei) ... Maybe this was all what you meant, but it was hard for me to decipher.
- vmception 6y agoYes, gas is its own unit paid in the native token of the blockchain. The adjective is necessary as other EVMs are proliferating and in heavy use. But even without that I dont think there is a distinction big enough to worry about it. There are 1 billion gwei in 1 ether, we can go from there and get the same results.