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EIP1559

Nerozki

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So just out of curiosity will fellow miners start getting rid of cards after EIP1559?
Not sure how much profibility will drop?

Any thoughts on this?
 

Toy Machine

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Think it depends on how much the burning of transaction fees will really affect the miners, it's supposed to essentially stabilize them to a gas fee of 2.0, which is relatively where it currently sits now if I'm not mistaken?

I think ERG will absorb a good portion of the hashrate but that's purely my opinion. Most of what we will see sold off will be people who don't really understand what's happening & how to transition, or what to transition to.
 

baltazhar

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I am looking at it from the perspective of not much will change, bits be tripping had a equation for this and the worst would be if price and volume tank so do profits, but that the same for pre-EIP1559. So the scenario I have guesstimated is if EIP1559 causes lower transaction fees we might see more transaction on the network, it might stimulate mining profits.
 

L-Dog

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Yeah no one really knows price of Eth might increase which might minimize the transaction fee loss but you can also look at Ravencoin or Conflux
 

z3ttro

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Yeah its really difficult to say how its going to impact it, however I suspect profitable will drop a bit and will balance out with the other currencies. It looks like this will be the last part to mine Eth till the difficulty bomb (EIP-3554) hits, which is planned for December.

Interesting times ahead.
 

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