Will miners’ income decrease after Ethereum upgrade?

Ethereum upgrades impact miner revenue via transaction fee changes (potentially lower fees), altered block rewards due to increased validator staking, and shifting computational demands from new features; miners should adapt by upgrading equipment, staking ETH, and monitoring network updates.

Mar 04, 2025 at 01:27 pm

Changes in transaction fees

After Ethereum upgrade, if EIP-7691 increases the maximum number of blobs, strengthens Rollup expansion capabilities, it may improve transaction processing efficiency and may change the transaction fee structure. In the past, high handling fees may be reduced due to smooth transactions, which will affect this part of miners' income.

Block Reward Adjustment

EIP - 7251 Increases the maximum staking limit of verifiers from 32 ETH to 2,048 ETH. More verifiers participate in staking. Although the network security and decentralization level are improved, the change in the staking reward allocation model may indirectly affect the miner's block reward income.

The impact of new functions on miners' computing power demand

With EIP-7702 improving the user experience and account abstraction of crypto wallets, the Ethereum network may change its demand for miners' computing power. If the new function optimizes the mining algorithm, the computing power requirements will be reduced, and the basis for mining income calculation will be changed.

Comprehensive impact of network performance improvement

After the upgrade, the Ethereum network performance will be improved and it can operate efficiently in a high transaction volume environment. However, the speed of transactions, reduced handling fees, and changes in pledge brought about by new functions have a complex impact on miners' income.

Miners’ strategies to deal with income changes

Adjust mining equipment

Faced with the computing power requirements that may change after the upgrade, miners can evaluate whether they need to upgrade or replace mining equipment to adapt to the requirements of new mining algorithms, improve mining efficiency, and maintain revenue.

Participate in pledge services

Due to the increase in the pledge limit, miners may consider participating in the pledge service and obtaining pledge rewards as a supplementary way to make up for the income that may be reduced due to transaction fees, etc.

Pay attention to the Internet dynamics

Continue to pay attention to the Ethereum network dynamics, understand information such as transaction fee policies, block reward rules adjustments, and timely adjust mining strategies to adapt to the revenue changes brought about by network upgrades.

Explore new business models

In the context of Ethereum upgrade, explore new business models such as providing technical support for new functions and participating in related development and testing, and expanding revenue sources.

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