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> it's gone to miners. No, the base fee is burned (i.e, removed from the available supply). Since Ethereum's EIP-1155 (which changed the rules for pricing and
by rglullis 5y ago
> it's gone to miners.
No, the base fee is burned (i.e, removed from the available supply). Since Ethereum's EIP-1155 (which changed the rules for pricing and mining rewards, miners only get to keep a "tip")
Anyway, I'd also say that they were not wasted. Worst case scenario, these gigantic token burns reduce the supply and make all the token holders a bit richer.
- can16358p 5y agoOops, missed that, right. Yeah, even though miners get only a part of the ether, it still valuates the currency when it's burned.