>"SparkPool, one of the largest Ethereum mining pools based in China, developed GasNow, a tool that predicts gas prices on the network."

>"SparkPool, one of the largest Ethereum mining pools based in China, developed GasNow, a tool that predicts gas prices on the network."

"Getting the gas price right is a daily headache for DeFi farmers. One product that has won many Chinese farmers’ hearts is GasNow, an ETH GasPrice forecast system developed by SparkPool, one of the largest Ethereum mining pools based in China. This week’s da bing takes a look at GasNow and how a Chinese mining pool came to develop such a tool."

“There are two ways to calculate gas fees,” “Uncle Meow,” the pseudonymous product leader of Sparkpool, told me. “Most existing solutions calculate gas fees based on historical gas fee data. However, Sparkpool calculates gas fees based on our own mining pool’s pending transaction mempool, where all the valid transactions are waiting to be confirmed by the Ethereum network.”