Ethereum's biggest mining pools take opposing stances on EIP-1559 plan
theblockcrypto.com/post/96316/ethereum-mining...
theblockcrypto.comPosted Feb 26, 2021, 11:45 PM UTC
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theblockcrypto.comSparkpool and F2Pool are the latest to take a public stance on the EIP-1559 plan
F2Pool said it’s supporting the proposal, which could reduce miners’ transactional revenues while Sparkpool signals a ‘no’
With Sparkpool onboard, the opposing side has a combined hashrate above 50% at present.
"Today, the general community along with core developers are siding with evolving Ethereum to include EIP-1559. It is important to side with the users and core contributors," F2Pool wrote in the post.
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Ethereum Vitalik's Verson coming soon?
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Vitalik's Vision
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Can someone explain what's the proposal of EIP-1559 ?
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“A transaction pricing mechanism that includes fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion.” - Vitalik Buterin
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TL;DR: It eliminates the volatility and extreme price swings of gas prices during heavy network traffic.
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This is just for an EIP, what more once ETH 2.0 gains enough traction. I doubt these miners would just give up their operations lol
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If EIP-1559 doesn't pass Ethereum is done
Ain't that the truth lmao. F2Pools is protecting its profits. They've mined enough already.
I mean I am a ethereum fan but these fees are starting to get ridiculous. One week ago it was like 700$ to remove assets from Uniswap. WTF
Yeah I've been waiting to claim my XIO to Flashstake airdrop, but the fee to claim it has been too high.