👋 Hello Icarians,
Last weekend we share with you an article regarding BTC mining, you can find it here 👇
Today, let’s take a quick look at $ETH mining.
So what does EIP 1559 bring? 🤔
✅ Base fee gets burned 🔥 (Deflationary $ETH)
✅ Doubled block size 💪🏻
✅ Tip for the validators 🤝
It’s expected that we see this upgrade in $ETH next month (July 2021), so this means my profitability will decrease?
Certainly $ETH mining has been more profitable than before, especially due to the rise of $ETH market value and network congestion. This pushes users to increase the amount of gwei necessary to “push” a transaction, increasing the miners rewards.