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NEOtoGas – A great tool to calculate your GAS

When you own NEO and you hold NEO you generate GAS. See it as a form of dividend.

There are great tools on the internet to calculate how much GAS you can generate holding NEO in a wallet. One of them is www.neotogas.com created by a developer called NinjaWTF.

On the website you can fill in the amount of NEO you own. If you press calculate it calculates – using the actual block creation time on the NEO blockchain – the amount of GAS that you generate. At the time of writing it almost generates 10% a year. neotogas1


With every new block being generated, it will distribute 8 GAS for all 100,000,000 NEO. These 8 GAS will then get divided and sent out to the NEO holders with every new block. That means, the GAS generation per day depends on the actual block generation rate, because GAS is being distributed when a new block gets generated.

As you may have noticed, the GAS reward calculator shows 2 values. Below you can see what’s the difference between the Actual & Theory calculation.neotogas2


Theory calculation

The Theory Calculation, shows your GAS Rewards based on the whitepaper released from NEO. In the whitepaper the GAS Reward is based on a 15 seconds block generation rate.

Actual Calculation

The Actual Calculation, shows your GAS Rewards based on the actual block generation rate, which is typically a bit lower than in theory. The actual block generation rate can vary and depends on the nodes & network. That’s why the actual GAS Reward is a bit lower than in Theory.

Source: neotogas.com


To use this tool, check out www.neotogas.com

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