--- a/primitives/common/src/constants.rs
+++ b/primitives/common/src/constants.rs
@@ -52,10 +52,10 @@
 pub const SESSION_LENGTH: BlockNumber = HOURS;
 
 // Targeting 0.1 UNQ per transfer
-pub const WEIGHT_TO_FEE_COEFF: u64 = /*<weight2fee>*/78_254_739_568_813_617/*</weight2fee>*/;
+pub const WEIGHT_TO_FEE_COEFF: u64 = /*<weight2fee>*/76_840_511_488_584_762/*</weight2fee>*/;
 
 // Targeting 0.15 UNQ per transfer via ETH
-pub const MIN_GAS_PRICE: u64 = /*<mingasprice>*/952_266_075_838/*</mingasprice>*/;
+pub const MIN_GAS_PRICE: u64 = /*<mingasprice>*/1_906_626_161_453/*</mingasprice>*/;
 
 /// We assume that ~10% of the block weight is consumed by `on_initalize` handlers.
 /// This is used to limit the maximal weight of a single extrinsic.
--- a/runtime/common/config/ethereum.rs
+++ b/runtime/common/config/ethereum.rs
@@ -20,12 +20,15 @@
 
 pub type CrossAccountId = pallet_evm::account::BasicCrossAccountId<Runtime>;
 
-// Assuming slowest ethereum opcode is SSTORE, with gas price of 20000 as our worst case
-// (contract, which only writes a lot of data),
-// approximating on top of our real store write weight
+// ~~Assuming slowest ethereum opcode is SSTORE, with gas price of 20000 as our worst case~~
+// ~~(contract, which only writes a lot of data),~~
+// ~~approximating on top of our real store write weight~~
+//
+// The above approach is very wrong, and the reason is described there:
+// https://forum.polkadot.network/t/frontier-support-for-evm-weight-v2/2470/5#problem-2
 parameter_types! {
-	pub const WritesPerSecond: u64 = WEIGHT_REF_TIME_PER_SECOND / <Runtime as frame_system::Config>::DbWeight::get().write;
-	pub const GasPerSecond: u64 = WritesPerSecond::get() * 20000;
+	pub const ReadsPerSecond: u64 = WEIGHT_REF_TIME_PER_SECOND / <Runtime as frame_system::Config>::DbWeight::get().read;
+	pub const GasPerSecond: u64 = ReadsPerSecond::get() * 2100;
 	pub const WeightTimePerGas: u64 = WEIGHT_REF_TIME_PER_SECOND / GasPerSecond::get();
 
 	pub const WeightPerGas: Weight = Weight::from_parts(WeightTimePerGas::get(), 0);