I thought all transaction fees are burned after EIP-1559 was implemented? | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		eightysixfour on Sept 27, 2021 \| parent \| context \| favorite \| on: Bitfinex just spent $23.7M in fees to make a singl... I thought all transaction fees are burned after EIP-1559 was implemented?

tylersmith on Sept 27, 2021 [–]

No, there are 2 parts to the fee. The base and the tip. The base is burned and the tip goes to the miner. This transaction burned 0.008493159450499633 eth (~$25) and paid the miner the rest.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact