
Snowball๏ผๆไฝ้็็๏ผ๐ถ BNB ETHGas โฝ๏ธ ๐คใใ๐ฆ
@one_snowball
Jun 29, 2026, 10:44 AM
The In-Depth Bond Between ETHGAS and Bitmine: The Future of Block Space
I recently reviewed the progress of projects I've been following in June, and I stumbled upon an event co-hosted by ETHGAS and Bitmine. I regret not seeing it earlier, as it has already taken off. Let's take a look at the event and try to "see into the future".
First, let me introduce Bitmine. Don't think of them as "dumb" or "losing money." In reality, they are the Ethereum version of MicroStrategy, owning 5.67 million ETH. In June, they were included in the US Russell 1000 Index, which means that mainstream US funds must passively buy their stocks. That's impressive.
I searched for the projects or companies they've collaborated with and found that they've worked with the Ethereum Foundation, top exchanges like Coinbase, and Beast Industries. The Ethereum Foundation is impressive, and Coinbase, as a leading exchange in Europe and the US, has already gone public on NASDAQ with a market value of hundreds of billions of dollars. Beast Industries is the company behind the "Beast" and is the king of global traffic.
The fact that ETHGAS can "sit at the same table" with these partners shows how high the value of ETHGAS is. The official Twitter content is simple, and the point I can accurately get is that Bitmine thinks Ethereum needs a "mature path" to get block space in the future, and ETHGAS is doing just that by turning future block space and transaction sorting rights into a commodity that can be bought and sold in advance.
In other words, Bitmine recognizes ETHGAS. Historically, this kind of joint event is just a small beginning. I guess that in the future, both parties can expand their cooperation to the product level.
I'd like to throw in some ideas and write about the points where I think both parties can cooperate deeply. For example, Bitmine, as the largest verifier network in the US, will have many block output rights on the ETH chain in the future. Bitmine can act as the producer and "wholesale" the block space of the next month or quarter from the MAVAN node to ETHGas. ETHGas can act as a trading platform for derivatives and turn these spaces into standard "block space futures contracts" and sell them to traditional financial institutions or RWA giants.
Following this first mode of cooperation, using ETHGas's feature of turning block space into a tradable commodity, both parties can jointly develop a structured income financial product (similar to a second-hand dealer) for Web3 capital and traditional investors. For example, through ETHGas, you can lock in fixed Gas/MEV forward income and provide fixed annualized returns for participants.
Both modes can be achieved: Bitmine can gain guaranteed buyout income and cash flow, and thus gain a higher valuation in the US stock market. ETHGAS can earn risk-free interest and "ETH block space Binance" brand effect. The related buyers or investors can get the corresponding block usage rights or earn a fixed income. A win-win situation.
I'm looking forward to a deeper bond between ETHGAS and Bitmine. In my opinion, if both parties cooperate and grasp the "pricing power" and "shipping power" of the Ethereum network, the imagination of the entire ETHGAS project will not be limited to 2 billion, but perhaps a space of 10 billion.




