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You're not taking into account the higher block rewards in the current environment. The base reward is 2 ETH per block, but the the gas fees have been averaging
by dcolkitt 6y ago
You're not taking into account the higher block rewards in the current environment. The base reward is 2 ETH per block, but the the gas fees have been averaging near 3 ETH per block. Most of the mining calculators don't take this into account.
To be fair EIP-1559 probably turns on in July. So that's going to cut block rewards by a lot.