Post
Topic
Board Mining (Altcoins)
Re: High ETH gas fees - Why are pool miners not seeing any benefits?
by
bubbagump
on 24/02/2021, 07:12:53 UTC
Mighty_crypt's reply shows you why. The people saying that fees are great and that miners are raking it in, are the ones looking at fiat values. It also perfectly illustrates why devs should not care too much about the opinions of miners since most are in it for the immediate profits and probably don't care too much about the long term value/stability/usefulness of a coin. While these fees are great in the short term from a mining perspective, if they aren't addressed quickly, it will kill momentum as the users of the platform migrate to more functional/economical competitors. I think we might be watching the process of the golden goose being killed, judging by the pushback/disinfo against EIP-1559 which is meant to address fee unpredictability.