Smart Contract Creation Cost
The cost to deploy a smart contract on ethereum has six factors. The biggest factors are the contract size and what code gets executed during the deployment phase. We will give a step by step example with a simple contract.
We will translate "gas" into dollars at the end of the article.
Smart contract deployment cost
- The 21,000 gas that all Ethereum transactions must pay
- A fixed cost of 32,000 gas for creating a new contract
- 22,100 gas for each storage variable set
- 4 gas for each zero byte in the transaction data 16 gas for each non-zero byte in the transaction.
- The cost to execute each bytecode during the initialization
- 200 gas per byte of deployed bytecode
Let’s use an example of a deploying a minimal Solidity contract in Remix
pragma solidity 0.8.7;
contract Minimal {
constructor() payable {
}
}
Note that the deployment cost according to remix was 66,862. We will break down this cost in this article.
We have made the constructor payable and set the optimizer to 200 runs. This has the effect of making the smart contract smaller.
Let’s add it up
21,000 gas | deployment
32,000 gas | creation
Total: 53,000
We still have 13,862 gas to account for
Transaction bytecode gas cost (tx.data)
The transaction bytecode was
0x
6080604052603f8060116000396000f3fe6080604052600080fdfea2646970667358221220c5cad0aa1e64e2ca6a6cdf28a25255a8ebbf3cdd5ea0b8e4129a3c83c4fbb72a64736f6c63430008070033
Each hex par is a byte, so let’s add spaces to make it more readable.
To split it up like that, we can use the following python code
import itertools
# note that we manually removed the "0x" at the beginning
s = "6080604052603f8060116000396000f3fe6080604052600080fdfea2646970667358221220c5cad0aa1e64e2ca6a6cdf28a25255a8ebbf3cdd5ea0b8e4129a3c83c4fbb72a64736f6c63430008070033"
s = " ".join(["".join(group) for group in itertools.zip_longest(s[::2], s[1::2])])
print(s)
We get
60 80 60 40 52 60 3f 80 60 11 60 00 39 60 00 f3 fe 60 80 60 40 52 60 00 80 fd fe a2 64 69 70 66 73 58 22 12 20 c5 ca d0 aa 1e 64 e2 ca 6a 6c df 28 a2 52 55 a8 eb bf 3c dd 5e a0 b8 e4 12 9a 3c 83 c4 fb b7 2a 64 73 6f 6c 63 43 00 08 07 00 33
Each non-zero byte costs 16 gas, and each zero byte (00) costs 4 gas.
To count them, we can use this python one-liner:
s = "60 80 60 40 52 60 3f 80 60 11 60 00 39 60 00 f3 fe 60 80 60 40 52 60 00 80 fd fe a2 64 69 70 66 73 58 22 12 20 c5 ca d0 aa 1e 64 e2 ca 6a 6c df 28 a2 52 55 a8 eb bf 3c dd 5e a0 b8 e4 12 9a 3c 83 c4 fb b7 2a 64 73 6f 6c 63 43 00 08 07 00 33"
# non-zero bytes
print(len(list(filter(lambda x: x != '00', s.split(' ')))))
# prints 75
# zero bytes
print(len(list(filter(lambda x: x == '00', s.split(' ')))))
# prints 5
We have 75 non-zero bytes and 5 zero bytes. The math works out to 75 x 16 + 5 x 4 = 1220 gas
21,000 gas | deployment
32,000 gas | creation
1,220 gas | bytecode cost
Total: 54,220 gas.
We have 12,642 gas to account for to bring the total cost to 66,862.
Deployment code gas cost
Let’s look at the bytecode again
60 80 60 40 52 60 3f 80 60 11 60 00 39 60 00 f3 fe 60 80 60 40 52 60 00 80 fd fe a2 64 69 70 66 73 58 22 12 20 c5 ca d0 aa 1e 64 e2 ca 6a 6c df 28 a2 52 55 a8 eb bf 3c dd 5e a0 b8 e4 12 9a 3c 83 c4 fb b7 2a 64 73 6f 6c 63 43 00 08 07 00 33
The parts in bold are the deployment code. The first part is the initialization code. We need to multiply each of the deployment code by 200 gas to get the cost. This has a higher cost than the bytecode cost above because this is stored in the Ethereum state.
Let’s do that in python again
deployment_code = '60 80 60 40 52 60 00 80 fd fe a2 64 69 70 66 73 58 22 12 20 c5 ca d0 aa 1e 64 e2 ca 6a 6c df 28 a2 52 55 a8 eb bf 3c dd 5e a0 b8 e4 12 9a 3c 83 c4 fb b7 2a 64 73 6f 6c 63 43 00 08 07 00 33'
print(len(deployment_code.split(' ')))
# 63
63 x 200 = 12,600 gas
So here is the breakdown so far
21,000 gas | deployment
32,000 gas | creation
1,220 gas | bytecode cost
12,600 gas | deployed bytecode
Total: 66,820
Almost there! We are 42 gas short of our 66,862 target.
Bytecode execution gas cost
We also need to factor in the actual execution of the initialization bytecode.
60 80 60 40 52 60 3f 80 60 11 60 00 39 60 00 f3 fe
We can translate that to a more convenient format using the evm playground tool.
PUSH1 0x80 | 3 gas
PUSH1 0x40 | 3 gas
MSTORE | 12 gas
PUSH1 0x3f | 3 gas
DUP1 | 3 gas
PUSH1 0x11 | 3 gas
PUSH1 0x00 | 3 gas
CODECOPY | 9 gas
PUSH1 0x00 | 3 gas
RETURN | 0 gas
INVALID | not executed
And the total is 42, as expected. These gas costs were obtained by running the remix debugger.
And we are done, we have accounted for each component of the deployment of a smart contract.
So here is the final breakdown
21,000 gas | deployment
32,000 gas | creation
1,220 gas | bytecode cost
12,600 gas | deployed bytecode
42 gas | deployment execution cost
Total: 66,862 gas
Note that if we set storage variables in the constructor, the cost would be higher. We’d have to pay 22,100 gas for each variable set. But to keep this walkthrough manageable, we have omitted that case.
If you want to become a solidity ninja and be able to account for gas costs fluently, sign up for our Solidity coding bootcamp, which is the first blockchain bootcamp in our series of web3 bootcamps. If you want a gentle introduction to gas cost calculation, sign up for our Udemy course.
All the numbers for gas cost obtained here are from the Ethereum Yellow Paper.
Translating smart contract creation cost to dollars
To turn units of "gas" into dollars, the formula is
gas x gas per gwei x price of ether ÷ 1 billion.
Gas per gwei can be obtain from sites like ethgasstation or etherscan. In our example, assuming Eth costs $1,000 and the price of gas is 20 gwei, the cost in dollars would be
66,862 x 20 x 1000 ÷ 1 billion = $1.34
If this seems low, remember, this is a minimal contract with low gas prices. If, like it was in 2021, gas was 100 gwei, the contract deployment cost was 1 million gas, and ether prices was $4,000, then it would come out to $400.