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home / news releases / HVBT - HIVE Blockchain To Buck Disruption From EIP-1559 And Ethereum 2.0


HVBT - 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.

For further details see:

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

Company Name: HIVE Blockchain Technologies Ltd
Stock Symbol: HVBT
Market: OTC
Website: hivedigitaltechnologies.com

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