ETH is topping out again. 1389 a coin
https://etherscan.io/chart/etherpriceand eth diff is over
332 th
https://etherscan.io/chart/hashrateAsics be growing. I was looking at VOSK's thread here:
Topic: Ethereum mining is DOOMED if this happens... EIP-1559
https://bitcointalk.org/index.php?topic=5309561.0I realize maybe he has it wrong and yeah the fees drop a lot. Say 140% is viabtc and it drops to 98%.
lowest is 96.5%.
that looks bad every 140 you earned drops to 98, but if coins got past 3k
all problems are solved. It is possible we see growth in hash rate due to asics.
say 332 to 500 a 50% jump
it is possible we see fees drop from 140% to say 100% at viabtc and we still are better off since eth goes to 3k a coin.
say I make 1400 a. month. the fee drop makes me at 1000 a month. the network diff makes me 667 a month. coins go to 3k I am doing 1440 a month.
I don't like eth I am not a fan of eth. but I see more upside to it 3k is possible.