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Author Topic: ETH gas fee still high, London fork a failure?  (Read 288 times)
batsonxl
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August 15, 2021, 05:56:06 PM
 #21

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.

For the vast majority of home miners, converting to BTC makes no sense. Ever since Wall Street got involved, BTC is a rich mans game designed to preserve wealth, not make gains. Too may good promising projects out there with better upside. Even if BTC goes to 1M, percentage wise it won't make you rich, unless you already are.


Yes it is true that why it is good to follow BTC dominance why because : when btc dominance going up it is better keep in btc when dominance changes trend to down it is time switch to alt coins where you can make more % than btc does.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Ardvark69
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August 16, 2021, 08:52:39 PM
 #22

We opposed 1559 and there were a lot of accusations about greedy miners who want to keep gas high.

No one really listened when we mentioned that 1559 may increase gas.
percy_tc
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August 17, 2021, 08:38:04 PM
 #23

We opposed 1559 and there were a lot of accusations about greedy miners who want to keep gas high.

No one really listened when we mentioned that 1559 may increase gas.

You dont get the point... 1559 is about to make fees more predictable and for burning ETH not to decrease gas directly.
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