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Mining profitability hugely varies based on how much traffic there is on the ethereum network, since you have to pay higher fees to include your transaction in
by cinntaile 5y ago
Mining profitability hugely varies based on how much traffic there is on the ethereum network, since you have to pay higher fees to include your transaction in a block if there is a lot of demand. EIP 1559 changes the fee structure. It wants to burn the new basefee so miners don't profit from that, there is still a small tip part left though.