Lets say, I want to create a smart contract that can receive a record of data per hours, e.g. hourly rates of ETH/EUR. These data would be stored in an array.
What would each transaction cost me and how can I estimate these costs?
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By pushing a new element in the array, you are setting the storage value from zero to non-zero, therefore it has a cost of 20k gas, plus 5k to update the length member of the array, so it's a total of 25k gas.
So, if your function, say function add_data(uint256[] data) gets in parameter an array of length n, then your gas cost will have a lower bound of 25000*n.
You can find more informations in the yellow paper.
Edit : integrated Jesse's comment.
Elisha Drion
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2Pushing into a dynamic array will also incur 5000 gas cost to update the array length field. – Jesbus Jun 22 '18 at 20:45
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Thank you! Will there be also a execution fee every time I call this method? – delete Jun 23 '18 at 16:53
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What do you mean? The execution fee is the gas you will pay. – Elisha Drion Jun 23 '18 at 17:11