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The owner of one of the world’s largest mining pools says Ethereum (ETH) could reach the $5,000 to $6,000 range, according to Chinese news channel Wu Blockchain.
Li Tianjiao, co-founder of mining company Poolin, said the impact of the upcoming Ethereum Improvement Proposal (EIP)-1559 on miners will be almost negligible. In the short term, ETH miners’ earnings are expected to fall by 10-20% after PIE-1559, but the whole ecosystem will benefit, the price will reflect and miners will also benefit from EMFs, he said.
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