The panel is in 2 weeks. I hope everyone can attend. Its vitally important that miners keep up to date with what's going on.
1559 in Summer, likely late Summer.
It seems like the fee burning is set.
I am pushing for compromise, basically the Devs can offer miners something that helps make up for the loss. The Devs do seem open to a gesture to satisfy miners and this panel does show that they are considering our opinions which is great. It does seem that the backlash from miners has resulted in an opportunity for us.
A few are being discussed and this list isn't comprehensive:
- Increasing the DAG to 5-7GB to eliminate ASIC's.
- ProgPow, again to eliminate ASIC's (this is less likely)
- Increased base fee, a base of 3 that drops to 1.5 by 2.0
Obviously its unclear how beneficial eliminating ASICs would be to current miners. It could be that we suffer now but long term without mass produced ASIC's we may make more. I'm not sure how the other pools will react though, especially the pools that have the majority of ASIC's as their customers. Please note that I have only listed the options that are being discussed the most, it doesn't mean that I am supportive of them.
Now for 2.0, estimates are for 9-18 months after 1559 which puts it at May 2022-Feb 2023. So lots of time for us to mine and prosper! And a lot of time for a new coin to appear. I personally believe crypto is going to become much larger than it is today.
The live stream link is here: