We don’t have a specific date, which will be released closer to the time, but that only gives miners four months or so to prepare. Only together we can defeat those speculators who are ignoring us! Therefore, the risk of a hard fork splitting the chain and undermining the network's value is significantly mitigated. But what is it, why is it so important, and why are miners kicking up such a stink over it? Despite being included in the ‘London’ update for July along with other EIPs, there is still a chance that EIP 1559 might not go ahead. Flexpool, a minority mining pool, started a publicity campaign against the EIP. Moved over to flexpool today. Lets kick Ethermine to the curb! First they take our tips and then they come for our jobs. Although its price success has since slowed, the much-debated EIP-1559 proposal remains a hotly debated subject. This is why eight mining pools, with a combined hashrate of 30% have chosen to back Flexpool, in their opposition towards EIP-1559. Anything above 1 percent shouldn't be tolerated. It makes no sense to rob miners of the little Eth they can make before 2.0 just so a speculator's Eth can be worth 13x more instead of 12x. Ethereum mining pool Flexpool even launched a marketing campaign against adopting EIP 1559, followed by other miners, although not all are against it – F2Pool, which has some 10% of the total hash power, is for the move. Die Kontroverse kommt trotz der Tatsache, dass Ryan Berckmans, ein Ethereum-Berater, darauf hingewiesen hat , dass der Vorschlag die Einnahmen der Miner nur um 20% bis 35% reduzieren wird – ein viel geringerer Prozentsatz als die zuvor geschätzten 50%. If approved, EIPs are implemented as scheduled hard forks. What Are Blockchain Oracles and Why Do We Need Them? Likely the older pools have owners with stashes of eth so they prefer eth go up than their miners make money. amount of ETH introduced into the network reduced, Bitcoin QR Code Generators – How to Spot a Scam, BitStarz News Crypto (and Banking) A-Z – Part 2, Back to Basics – The Bitcoin Mining Process, Back to Basics – The Litecoin Mining Process. Our quick guide to Ethereum EIP 1559 explains all. Flexpool supports miners working for their earnings while supporting the Ethereum network and hopes other pools will join its call to protect miners. Ethereum mining pool Flexpool even launched a marketing campaign against adopting EIP 1559, followed by other miners, although not all are against it – F2Pool, which has some 10% of the total hash power, is for the move. Next-generation platform for decentralised applications. This proposal is designed to hurt Ethereum miners while benefitting Eth speculators. 718k members in the ethereum community. I think if miners can band together and stop 1559 whose to say we can't stop 2.0? We have raised our concerns with the core developers and have Contribute to flexpool/stopeip1559.org-data development by creating an account on GitHub. What is EIP-1559? proposed fee structure autonomously adapts to network requirements and allows users to pay only the fees they actually need to complete a transaction. Flexpool kontraofanziva i MEV alternativa. All rights reserved. This will be equally tough as they have enjoyed a bumper 2021 – in February alone they netted $1.3 billion. Ethereum mining pool Flexpool tweeted to reveal that it has launched a website to keep track of pools that officially stand against EIP-1559. it stressed. Miners could still sabotage the attempt by carrying out a 51% attack on the network, which is eminently possible given that 60% of hashing power is against the move. Stop greedy ETH holders from profiting off you? Ethermine, which happens to be one of the world’s largest Ethereum mining pools, has unveiled the ‘Maximal Extracted Value’ [MEV] software strategy. I'm sure flexpool did this because they make more if miners make more, which makes total sense. There then joined several minority pools, followed by Ethermine and SparkPool. 베를린 … svih računarskih snaga Ethereuma prkosi ažuriranju planiranom za juli. Amen to that. The only way we can have the hashpower to reject eth2 is by being friendly with the Chinese and forming an alliance, Eth2 is coming since 2015. https://youtu.be/-QIt3mKLIYU. Ethereum developers decided on a recent call discussing EIP 1559 to introduce a delay to the ‘difficulty bomb’ at the same time as introducing the upgrade. Having about 10% hash capacity, F2Pool is the largest pool in favor of EIP. Miners have invested their savings in supporting ETH, and with ETH 2.0 coming around the corner, they only have a short time to make their investment back. Flexpool is a mining pool by miners for miners, and as a community, we are against the proposal to destroy transaction fees rather than give them to the miners that validate them. Upvote this post! Though a Reddit survey conducted by Flexpool indicates most miners in favor to push for EIP-969 alongside 1559. However, while its price performance has simmered down since, what is still actively an issue is the much-debated EIP-1559 proposal. Essentially, it burns transaction fees instead of giving them to miners. Just a … https://medium.com/flexpool/flexpool-announces-its-position-against-eip-1559-heres-why-c5275b7c4465. Contribute to flexpool/stopeip1559.org-data development by creating an account on GitHub. The upcoming EIP-1559 transition will be further discussed at the EIP-1559 roundtable on Friday, February 26, 2021, at 14:00 UTC. Nothing new. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. No bueno. EIP-1559 adalah proposal update yang dimiliki oleh Ethereum yang rencananya akan diterapkan pada blockchain Ethereum bersamaan dengan London Hard Fork, pada bulan Juli atau Agustus tahun ini. ETH 2.0 is already coming and yet they want to rob our profits in the few months remaining too? Is Everyone Misunderstanding EIP-1559? What are the essentials of the new EIP and why are they causing arguments. Az EIP 1559 javaslat teljesen megosztja a bányászati közösséget A Flexpool méretét jellemzi, hogy egész decemberben mindössze 10 blokkot bányásztak ki. Some, like Flexpool, even launched campaigns against EIP 1559. More than 60% of the hash power of the Ethereum network is now contrary to the proposal. Neat. For 2.0 I would say the plan to kick miners to the curb like an used condom needs to be modified, we can have POS while still leaving a place for miners. You wouldn't have any transactions to mine, if it wasn't for the community and users actually USING the network. Without the work of miners, there would be no Ethereum network, and the EIP-1559 is a conservative anti-progressive policy that proposes to unite the rich 1%, who have put no work into Ethereum so that they can burn fees to make their remaining money worth more instead of paying a fair wage. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. Discussion of mining the cryptocurrency Ethereum. Spread the love 1,809 Interactions, 1 today Ethereum has had a busy 2021, with the altcoin smashing through $2,000 and hitting an all-time high of $2,042 just over a month ago. It seems then that Ethereum EIP 1559 will go ahead in July, meaning that, six years after the Ethereum Genesis block was mined, the principles that have governed its network ever since could be entirely upended. I hope other pools can follow. Its hashrate has doubled! EIP-1559 提案主要內容為重新調整了以太坊區塊打包的 gas 費用。在 EIP-1559 提案中，gas 費用將分為 ... Flexpool. Ethereum has had a busy 2021, with the altcoin surging on the charts to breach $2,000 and touch an ATH of $2,042 over a month ago. We have written more in the below article and hope miners can spread the word and unite together to oppose this proposal. With the introduction of EIP 1559, the concept of traditional blockchain transactions will be upended. How to Run a Bitcoin Full Node Without Slowing Your Internet, How to Pick the Best Cryptocurrency to Invest in During 2020, Ethereum EIP 1559 has been approved for the ‘London’ upgrade, The protocol has been hotly contested by miners. I will hit my payout on ethermine tomorrow. How Will EIP 1559 Affect the Price of ETH? I think EIP-1559 is fine after ETH 2 is finished, but not before then. Eight mining pools, controlling about 30% of Ethereum’s hashing power, have teamed up against EIP 1559, which offers burning ETH when paying fees. Flexpool officially announces its position against EIP-1559’s Proposal to Dramatically Reduce Miners' Earnings Flexpool is a mining pool by miners for miners, and as a community, we are against the proposal to destroy transaction fees rather than give them to the miners that validate them. If this EIP does come into effect, the miners may be forced to focus on lesser-known Ethash coins, which could be extremely profitable. Definitely going to come over to Flexpool to see what it's all about. Podržalo ga je nekoliko drugih manjinskih grupa, kao i većinski bazeni poput Ethermina i SparkPoola. See more posts like this in r/EtherMining. As a result, the fees will be cheaper and there will be no more ‘gas wars’ when the network gets congested. You are profiting hard on transaction fees for quite a while. Press J to jump to the feed. 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However, the principle reason against a 51% attack remains in place – Ethereum miners would only succeed in crashing the Ethereum price, something that would only end up hurting them. Data for the stopeip1559.org website. In a lengthy blog post, the pool described EIP-1559 as “yet another move towards whales securing their bags.” On the new proposed base fee, Flexpool explained it as, “Instead of giving the waiter a tip, you just burn it in front of him while laughing at him.” Ethereum’s hotly contested EIP 1559 improvement protocol was approved last week, which will dramatically alter the way transactions are handled on the blockchain. Ethereum Improvement Proposal #1559 (EIP-1559) was initially designed to reduce Ethereum’s high transaction fees, but at the end of the day, they end up just burning all transaction fees instead of giving them to honest miners. Pools like Flexpool, Sparkpool, Ethermine, Nanopool, 2miners, and some others have registered for opposing it. Thank you for saying this. Flexpool, a small mining pool, has been leading the opposition to the upgrade. Ukupno više od 60 posto. Flexpool, manjinski rudarski bazen, pokrenuo je otvorenu marketinšku kampanju protiv EIP-a. EIP-1559 is an Ethereum upgrade that is meant to […] Scheduling such hard forks in advance gives the community time to come to a consensus over EIPs. I'm in the Mid-West US. Đề xuất cải tiến Ethereum (EIP) 1559 sẽ được kết hợp với hard fork ở London vào tháng 7 tới đây bất chấp việc các thợ đào không hài lòng với đề xuất này, theo thông tin từ cuộc họp của Hội đồng nhà phát triển Lõi ngày 5 tháng 3 vừa qua. Support pools that care about their miners. Ask questions or receive news about about mining, hardware, software, profitability, and other related items. Apa Itu EIP-1559? Instead of fees being manually adjustable and sent to miners, a fair ‘basefee’ will be algorithmically levied and sent to the network to be effectively burnt, with an optional ‘tip’ able to be sent to miners. Yes, you are right. EIP-1559 is an Ethereum update that will greatly alter the […] By stopping 1559 we work to slow down 2.0 and stop greedy ETH holders from profiting off us. EIP-969 modifies Ethash, which is an Ethereum consensus algorithm to break the specialized ASIC miners. When an Ethereum developer has an idea that could further optimize the network, they present an Ethereum Improvement Proposal for the community to discuss. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. 37 votes, 103 comments. Copyright © 2021 FullyCrypto. a speculator's Eth can be worth 13x more instead of 12x. The introduction of … I'm a very small miner, but I hope to see similar numbers from your pool :). Descentralized won't do much when 2 or 3 players control everything. The proposal is aimed at solving problems with the existing model of transaction fees, forcing users to pay more than necessary. Given that a small amount of Ethereum is essentially burnt with every transaction, Ethereum will very likely turn into a deflationary cryptocurrency, particularly after the Ethereum 2.0 upgrade is fully implemented. Eight Ethereum mining pools amounting to around 30% of the network’s hash power have cast their support behind tiny mining pool Flexpool’s stance against Ethereum Improvement Proposal (EIP) 1559. What Are ‘Virgin Bitcoins’ and Why Are They So Prized? Double-check that you are supporting a pool that is against EIP-1559 and telling your friends to do that the same! The Situation There is now an official supporting projects list for EIP-1559.. On February 26th, 2021 at 1400 UTC a community call will take place to discuss the implementation of EIP-1559. I've been telling other miners we need to work to stop this. "Keep up the great work; don't let them destroy our fair wages to inflate the value of their investments!" The upgrade will take place in July, by which time we might even be able to travel around the world to celebrate it! This isn’t a surprise as it will massively reduce the amount of money Ethereum miners get paid per transaction. Pairing EIP 1559 with the delay should help ensure no one forks Ethereum at the time of implementation time without having to undergo considerable technical hurdles. At this time, it seems that the EIP 1559 upgrade is going ahead regardless. 1559 will increse ETH price, you should take this intro account whae opposing it. The shift from a proof-of-work to a proof-of-stake consensus algorithm will see the amount of ETH introduced into the network reduced from 4.7 million to anywhere from 100,000 to 2 million, and when you factor in regular burning of those produced tokens we could easily see a situation where there is more ETH being burnt that introduced. Flexpool is a mining swimming pool by miners for miners, and as a community, we are against the proposal Flexpool officially announces its position against EIP-1559’s Proposal to Dramatically Reduce Miners' Earnings : ethereum | Crypto Press Data for the stopeip1559.org website. Many are using their GPU from their home and are only making a few dollars a day. A small Ethereum pool Flexpool published an article on Medium in mid-January in which the pool owners spoke out against the adoption of EIP 1559. 이더리움 핵심개발자들은 3월 5일 열린 회의에서 베를린과 런던 하드포크를 주제로 eip-1559, eip-3238, eip-3298, eip-3074, eip-2327 등을 논의했다. Press question mark to learn the rest of the keyboard shortcuts. Erst gestern war EIP-1559 wieder Thema eines Community-Calls. Ethereum speculators, on the other hand, have already made their investment back 10x in the past year, and many have reaped millions thanks to the work of miners who have supported the network and carried their transactions despite it often being unprofitable to do so. EIP 1559 is a proposal to reform the Ethereum fee market. • EIP-1559 Community Call In January, Flexpool formally announced its opposition to EIP-1559 which brings some much needed UX improvements to the Etherneum network but also proposes to burn gas rewards to miners which will result in a 50%+ decrease in miner revenues. EIP-1559 is PS: Weirdly my stales have gone down from 4% on Hive Pool to 0.1% on Flexpool. A small Ethereum pool, Flexpool, published an article on Medium in mid-January, in which the owners of the pool spoke out against the adoption of EIP 1559. Source: stopeip1559.org. Usulan yang yang akan diterapkan oleh EIP-1559 adalah perubahan dimana jaringan akan ‘membakar’ sejumlah kecil ETH setiap kali mata uang tersebut digunakan untuk … The war between miners and developers has been one of the causes of a mediocre month for ETH’s price. Spread it; otherwise, we will lose the war between miners and speculators.
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