So I had a few people scheduled to come and pickup some of my GPUs this weekend. Then all of a sudden one of them says he is not interested, then a few hours later another guy says he doesnt want the GPU anymore. Then a few minutes ago some other guy cancelled. This is very strange.
Then I look and all of twitter and reddit everybody is talking about EIP going live in July. So does this mean the GPU prices top is in?
I read the EIP 1559 and honestly how does it work exactly? I don't think it means that gas fees will always be lower. What about during spikes or Defi craze like we had a few months ago?
It seems like a perfect way to benefit ETH holders and screw over the miners.
Maybe maybe not. The issue is simple lower fees are bad for mining if and only if lower fees do not cause eth price to rally.