one thing for sure we are getting less eth per Mh
That only affects people that mine and hodl eth.
If you mine eth and convert to fiat and btc you are better off.
I have zero faith in eth for any purpose other than to mine it and convert it into fiat and btc.
So the London fork increased my earnings.
Those that think eth is worth holding are not as well off.
It's better to hold BTC for long term not ETH, this super burning of supply makes me lose interest in Ethereum already, if bear market strikes I'm sure that ETH PoS won't be able to keep up, start gathering BTC Satoshis instead of other coins