Post
Topic
Board Mining (Altcoins)
Re: Ethereum mining reward shrinking
by
philipma1957
on 27/02/2021, 16:54:52 UTC
https://etherscan.io/gastracker

Uniswap is always the top user of gas. L2 platform users are increasing rapidly.

https://twitter.com/mudgen/status/1365504846678392833 

Quickswap doesn't have fees like uniswap, it is Layer 2.

Gas Fees will continue to drop dramatically, new miners that came into the space start to cry as profits shrink.

A lot of people jumped in when gwei was hovering around 300-500gwei.

Does not matter  for mining the only number that matters is cents per mh.

lot at the graph above and tell me you are certain that cents per mh is at the bad spot. vs the good spot.

you can't possibly know based on fees along.  viabtc is paying 212% for a block. so for a miner mining eth the coins value based on payout is 2.12 x 1479 = 3135 not 1479

So pretend gas fees drop to 130 % on viabtc and coins go to 2500. a coins value for a miner becomes 3250.  which is better than the current coin value of 3135 for a miner.


I do agree that fees will drop-----------bad for miner
I do agree that difficulty will rise-------bad for miner
I do not know if price will jump to 2500 or 3000 or 3500 or for that matter drop to 1000 neither do you.

How about fees dropping to 130% encourage investors to buy into eth due to cheap fees and coin price skyrockets to 4k?

the answer is you don't know if that will happen

and you don't know if coin drops to 1000usd or 500usd