Blow for a dime: Ethereum Miners' Strike Fails – Bits Media

Ethereum miners in early March, opposing EIP-1559, stated, what 1 April will hold a "strike" and combine capacities on the Ethermine pool. As a result, the strike failed..

EIP-1559 proposes to change the calculation of fees for conducting transactions on the network Ethereum and start burning part of ETH when confirming transactions. This should significantly reduce the commission. However, many miners opposed the adoption of the proposal, After all, their income will instantly fall. Despite this, The developers decided to include EIP-1559 in the London hard for, planned for July this year.

After that, the initiative group of miners called on all opponents of the proposal to move the power to Ethermine pool, to "show your strength". The action was planned for 1 april, But according to the results of the day, Hashrat Poole grew extremely slightly. If at the beginning of the week miners on the Ethermine bullet generated a hashrate in 94 Ths, That 1 April Hashrat Poole grew only to 96 TxS.

The miners hoped, that as a result of the action on the Ethermine bullet, there will be more 51% The network hashrate and this pool can potentially unilaterally accept or cancel changes in the blockchain protocol. However, very few Ethereum miners supported the "strike".

According to CoinMetrics analysts, EIP-1559 will not contribute to a decrease in commissions in the Ethereum network. In their opinion, The proposal will help to equalize the commissions and reduce their scatter, but the average amount of commissions will remain quite high, Since the number of transactions in the network of the second cryptocurrency is excessively large. Now each block of the Ethereum is filled with 97-98% And only solutions to scaling the Ethereum can help with this problem.