When there are many transactions in line, the base gas price rises. The London upgrade was supposed to solve this issue, but it only made the situation worse. It happens due to the Ethereum network load. They are forced to send payouts to miners at market price.Īt the time of writing, the Ethereum transaction fee is $10 per transaction. Now mining pools don’t have an advantage. It didn’t concern mining pools before: they could decide for themselves which transactions and fees to include in their blocks, and which to exclude. The Ethereum network has had an issue with high transaction fees between addresses for a long time.
Not only It’s too much, but many miners also want to get payouts each week or even more often. To get his monthly payout of $90, he must pay $7.50, which is almost 10% of his profit. Main Issue: Say, a miner with one GPU earns $3.00 per day.
Transaction fees are too high, and transactions are often late. Conclusion: Cryptocurrency Auto-Exchange in MiningĮthereum Miners Are Getting Less Profit after the London Upgradeįor the past two months, there have been constant issues with transactions after the London upgrade in the Ethereum network.
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