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Ethereum Miners Plot To Concentrate 51% of Hashrate on Ethermine – Herald Sheets

Ethereum Miners Plot To Concentrate 51% of Hashrate on Ethermine – Herald Sheets



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  1. Not 51%, the devs themselves said 40% would be enough to make their voices heard and RedPandaMining, the person leading this, said that he would probably pull out his hash power after surpassing 40%.

  2. tldr; Ethereum miners are plotting to concentrate 51% of hashrate on Ethermine, the second-largest mining pool that has kicked against the approved and widely accepted Ethereum Improvement Proposal (EIP) 1559. This was stated by Michael Carter of Bits Be Trippin, a YouTube channel for Ethereum miners. The consensus on EIP-1559 is slated to play out in July along with the London hard fork.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. its just miners voting on the EIP1559

    If they get 40+ hashrate, it shows to the devs that miners don’t want it and a dangerous potential HF.

    They aren’t attacking the network. Its a show of force.

    Miners want to max their profits before POS.

    1559 will destroy their profits

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