EIP1559

[Ner0]

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?

 

[ZOMBY]

Yess its fuckt after that 🤣🤣🤣🤣🤣

 

[Toy Machine]

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]

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.

 

[doombus]

if its not profitable enough miners will move off to another coin

 

[L-Dog]

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

 

[Joe Banker]

10%. Not selling shit. Looking to add more cards. Prices must just drop

 

[Ner0]

10%. Not selling shit. Looking to add more cards. Prices must just drop

also thought 10% profibility drop

 

[z3ttro]

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.

 

[Induna]

Just an update, seems like the difficulty bomb has been delayed until June 2022, so it give us miners some more months to mine ETH at least!

 

[ZOMBY]

Shhhhh you just doubled the prices of gpu's again 😂😂😂😂😂😂😂😂

 

[Induna]

Shhhhh you just doubled the prices of gpu's again 😂😂😂😂😂😂😂😂

haha, have you seen the latest gpu prices? it already happened,,,!!

4 weeks ago i bought 2 brand new 1660ti gpus for little under R7k each.. now they are R9.5k!!!