Hey guys,
I tried to wrap my head around the effect of EIP 1559 on the miners revenue.
So now the transaction fee is split into two parts:
Base fee (Fixed based on how full the block is)
Inclusion fee (Set by the user. "Miner Tip")
So I understand the base fee itself will vary, going up when the network is busier and down when things are calmer. I also get that the base fee is now burned which will create a deflationary or inflationary state depending if the base fee is higher or lower than the reward which include the mining tip I guess.
My question as a miner is how can we know if the Inclusion fee is high or low?
I know we can check this webpage to know how ETH gets burned with EIP-1559
https://etherchain.org/burnso if I'm not wrong, on that same webpage, knowing that the block reward is 2 ETH we can look at the total reward for each block and subtract 2 to get the miner tip? For instance, block# 12976343 had a reward of 2.06504 ETH so if we subtract 2 we get 0.06504 of miner tip? But do we have the average miner tip somewhere as a data instead of looking at a bunch of block rewards?
What I try to say is before EIP 1559 I was looking at the average ETH gas to give me a feeling how my earnings was impacted by the transaction fees but now I am wondering when I look at the ETH gas what does it mean now for us miners?
Thanks