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Seeking Alpha 2021-08-05 21:21:29

HIVE Blockchain To Buck Disruption From EIP-1559 And Ethereum 2.0

HIVE Blockchain currently provides over 5% of Ethereum's total network hash rate with plans to increase its productivity and maintain its share despite rising difficulty.The current London hard fork and its EIP-1559 will drastically cut the fees Ethereum miners receive.Because EIP-1559 improves the users' transaction experiences, greater adoption may drive up the Ethereum price and meaningfully offset fee-related declines for the miners.The future move to Eth2 and the switch from a proof of work to a proof of stake regime means miners will no longer be needed in the validation process.HIVE plans to continue mining and holding at a low cost until Eth2. It is considering staking options and will shift the GPU fleet to high-performance data centers.

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