Re:Sandwell Bitcoin mine found stealing electricity
by elif on Friday May 28, 2021 @10:45AM
(#27315935)
Basically, today fees make up ~40% of payout for miners.
with EIP 1559, those fees will be reduced and also completely burned instead of given to miners.
Instead, miners will receive "tips" from users trying to encourage faster block inclusion.
No one knows how much "tips" will make up for the lost revenue, so it's kind of hard to mount a sizable resistance to the change, in the context of the obvious benefits it conveys to miners by making the currency healthier.
with EIP 1559, those fees will be reduced and also completely burned instead of given to miners.
Instead, miners will receive "tips" from users trying to encourage faster block inclusion.
No one knows how much "tips" will make up for the lost revenue, so it's kind of hard to mount a sizable resistance to the change, in the context of the obvious benefits it conveys to miners by making the currency healthier.