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The owner of one of the world’s biggest mining pools says Ethereum (ETH) could reach the $5,000 to $6,000 range this bull run, as per Chinese news outlet Wu Blockchain.
Li Tianzhao, the co-founder of mining firm Poolin, said that the impact of the upcoming Ethereum Improvement Proposal (EIP)-1559 on miners would be “almost negligible.” “In the short term, it is estimated that the income of ETH miners drop by 10% to 20% after EIP-1559, but the entire ecosystem will benefit, the price will be reflected, and miners also get the benefits of MEV,” he stated.
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