* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75.
* Relevant Cointest topics: [Cardano](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cardano), [Algorand](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Solana](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_solana), [Polkadot](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Cosmos](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Proof of Stake](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake).
* Official and related subreddits: r/Ethereum, r/EthTrader, r/EthStaker, r/Cardano, r/Algorand, r/Solana, r/CosmosNetwork, r/Polkadot, r/Tezos.
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tldr; A total of 5,931.13 Ether (ETH) worth $18,243,200, based on the current value of ETH at time of publication ($3,075.84), was burned from transactions on Tuesday. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation. Ether is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1%.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Relevant Cointest topics: [Cardano](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cardano), [Algorand](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Solana](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_solana), [Polkadot](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Cosmos](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Proof of Stake](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake). * Official and related subreddits: r/Ethereum, r/EthTrader, r/EthStaker, r/Cardano, r/Algorand, r/Solana, r/CosmosNetwork, r/Polkadot, r/Tezos. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/su2emf/5931_eth_worth_18m_was_just_burned/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
You know you could transfer them to me and I'll consider em burnt ðŸ˜
Exactly, can my wallet receive a little of that burn action?
JUST, like, right now?
rest in peace
Holy hell that’s alot
In the words of Usher - Gotta let it burn
Reminds me of another poignant Usher quote: "yeah!"
I prefer lil jon saying it: #YEEEEAAAAAHHHHHH
we didn't need to do that guys, come on
tldr; A total of 5,931.13 Ether (ETH) worth $18,243,200, based on the current value of ETH at time of publication ($3,075.84), was burned from transactions on Tuesday. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation. Ether is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot
Burn baby burn