Post
Topic
Board Mining (Altcoins)
Re: Ethereum RedPanda EIP-1559 call
by
bubbagump
on 10/03/2021, 23:18:33 UTC
Can someone correct me if Im wrong but it was decided and not part of the plan to lower eth rewards from 5 to 3 right? And the again it was decided that it going to get lowered  from 3 to 2? And now thats too much because miners get transaction fees that they were always getting.

Yes, the rewards have been lowered before.

Quote from: buraz11
Now tell me you work for a company or something and they lower your pay 3 times over  a few years, you just take it in the butt and stay silent? This benefits only people holding tons of eth and the people that were mining and maintaining the network get screwed over. It like world economy all over again.

Here's the thing: you aren't an employee of a company, and you don't have a contract for your work or services. Nobody guaranteed that you would be getting anything at all for your mining. You took it upon yourself to speculate that you could make money by doing nothing more than plugging in some electronics.

Also, eth was originally slated to be PoS by 2017 (from what I recall, I might be misremembering) meaning that under the original roadmap, there shouldn't even be any mining rewards at all right now.