New Ethereum Fee Model Has Some Miners Crying Foul: Survey
Eight of the nine mining projects answering a survey on EIP 1559 had a negative impression of the proposal, with seven saying they would not implement the change.
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While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think Ethereum could split in two once again.
The Merge Getting Delayed in September Becomes a Topical Conversation
After the so-called penciled-in date for The Merge was announced, the price of ethereum (ETH) and ethereum classic (ETC)....
Ethereum Miners Continue To Surpass Bitcoin Miners In Revenue Ethereum miners continue to outpace bitcoin miners in terms of revenue. The second-largest cryptocurrency by market cap has now proven that it is a better bet when it comes to crypto mining, making it a more profitable venture for miners. At various times in the past, […]
Nearly three-quarters of banks and asset managers see the consortium model as necessary for exploring distributed ledger tech, according to a new survey released last week. For the survey, international law firm Simmons & Simmons polled 200 C-suite representatives as part of a larger exploration of how they view financial technology opportunities. Notably, while most were positive about the consortium model, there were hints that there may be some weaknesses to the approach. For example, 60% reported some existing consortia have too many participants, while 68% expressed a desire to....
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate. Ethereum's proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via "the Merge" upgrade in September.Miners could then revolt against the new upgrade by continuing to mine on the old Ethereum PoW after the hard fork chain split. A survey from crypto hedge fund Galois Capital recently revealed that 33.1% of respondents believe....