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Author Topic: there's only 4 months left to mine ETH / imagine 4 months left to mine BTC 2140?  (Read 162 times)
shinratensei_
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March 20, 2021, 10:52:51 PM
 #21

You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368

The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
Actually that's right. However, if the ethereum network is reallyy tend to shift from PoS then the mining concept will inevitably will be gone sooner as they transfer right?
Based on EIP1559 that already published by core team of ethereum foundation and mining will be gone but if we are seeing it from the EIP 3368 and it will be decreasing the block reward gradually.


You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368

The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.

So that new EIP is created for testing purpose?
If Ethereum wouldn’t be mineable then how would there be new rewards for eth network supporters.

It's not for testing purpose but that's for the implementation for the what kind of improvement that will be bringing to the ethereum network. If ethereum would not be mineable and the reward was coming from the fees and staking. It's too early for me to get a conclusion about that while the battle is just in the beginning.

Ethereum is still POW and miners will be determining which EIP that should be implemented.

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March 20, 2021, 11:01:40 PM
 #22

As far as I know it's not yet finalised, the whole ETH devs and miners are totally in the opposite about this implementation, so there are no consensus yet. We don't know, we might see some group who are opposing this might form some kind of "minority block".

So we don't know if it will grow suddenly if ever this will be implemented. It might take some time just like any other coins that has recently upgraded their system, it won't happen overnight.

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