Ethereum GAS fees are skyrocketing, miners are frantically buying high-end laptops for mining

In a word, the market seems to have reached the stage where you can get rich even if you go all in with your eyes closed.
Many investors who mine or use Uniswap and other services that require transfers on the Ethereum chain have found that the gas fee is too expensive. How expensive is it? A simple transaction costs hundreds of dollars, and complex contract interactions, such as mining, require thousands of dollars. DeFi is completely out of reach for ordinary people.

▲Ethereum related data (OKlink at 2 pm on the 6th)

▲The GAS fee of a mining project, 487 GAS is equivalent to nearly 1,000 RMB

According to Tokenview data, the total transaction fees on the Ethereum chain reached 12,827.06 ETH (approximately 30.189 million US dollars) on February 5, the average daily GAS price was 150 GWei, and the average transaction fee for a single transaction was 24.7 US dollars, which is the highest level in the past two years.
Industry big V "Bitcoin Super Jun" said: "Ethereum's high transaction fees are driving away the vast majority of DeFi miners."
So when is GAS cheap? See the picture below.

From the data, we can find that, in general, the GAS fee is cheapest from 1pm to 3pm, which is only 80Gwei. The fees in the early morning and midnight are relatively the most expensive, which can reach up to 330Gwei.
Therefore, if you want to trade through DeFi applications, or want to get benefits from an application that has not issued coins, this chart can let you see at a glance the time when the GAS fee is the most "cost-effective".
Of course, this data is dynamic and changes very quickly. More real-time data can be viewed on a website called gasnow, which is a small website created by Spark Pool, the largest Ethereum mining pool. It analyzes and processes Ethereum's on-chain data and gives a forecast for GAS fees. The website is as follows, you can click to bookmark it: https://gasnow.sparkpool.com/

DeFi is crazy, and Ethereum miners are sweeping their notebooks. Mining data shows that Ethereum miners made $3.5 million in one hour, which is the highest hourly mining income to date.
However, as we all know, due to the epidemic and other reasons, the supply of high-end graphics cards has been insufficient since 2020, and you can't buy them even if you have money. As the price of ETH breaks through the previous high, miners have turned their attention to gaming laptops, especially high-end models equipped with the latest and most powerful graphics cards.
Recently, Yuchi made a popular short video in which the host took an ASUS laptop equipped with an NVIDIA 3060 graphics card to Starbucks to buy some bargains. Data shows that this gaming laptop can provide 40MH/S computing power. Combined with the difficulty and the price of the currency, the daily income is about 23 yuan, and the return on investment is 260 days, with an annualized return rate of 140%. The electricity bill is free.
This is not a joke. At present, there are indeed some miners who are buying up laptops. They either dismantle the laptops, remove the graphics cards and reassemble them into mining machines, or directly install software to mine.

Ethereum is congested, is this the opportunity for exchange public chains and second-layer networks?
Ethereum is clogged and gas fees are expensive. Who will be most affected? Undoubtedly, the “Ethereum killers”, such as Cardano, Polkadot, Cosmos, etc.
In view of today's market hotspots, Binance's BSC, Huobi's HECO, and OK Exchange's OKChain, these exchange public chains may also gain market favor.
In addition, Layer2 (second-layer network) projects are worth looking forward to. However, it must be said that Layer2 is still not up to the task at present, and the hype exceeds the actual value. (Babbitt)