Here’s a real-world Ethereum mining profitability update after EIP-1559 was hard forked into ETH. Ethereum mining is drastically changed for GPU miners and ASIC miners, but how bad is ETH mining now?? Subscribe to VoskCoin - http://voskco.in/Sub
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EIP-1559 and the Ethereum London hard fork were obviously contentious and a lot of drama ensued for all parties involved but who cares at this point the Ethereum developers pushed it through so let’s review the updated Ethereum mining profitability. Ethereum is GPU mineable and ASIC mineable which makes it the only major cryptocurrency ever to have mining profitability with graphics cards and custom mining rigs called ASIC miners. Ethereum mining profitability has been significantly reduced, and ETH gas fees aren’t even cheaper lol… Let’s get lost in the ETHER!
Review how much Ethereum is being burned - https://voskco.in/burnETH
00:00 EIP-1559 reduced Ethereum mining profits?
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03:05 How does EIP-1559 change Ethereum gas fees?
05:31 Miners responses to EIP-1559 & burning ETH
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10:24 EIP-1559 breakdown
13:08 Ethereum mining profits after EIP-1559
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16:20 Will EIP-1559 change Ethereum mining going forward?
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Ethereum Mining Profitability UPDATE EIP-1559 impact…