Bitcoin Mining - Proof of Work

Miners around the world raise to solve increasingly difficult cryptographic problems in order to create a new block on the block chain. Miners receive eath in the form of newly minted supply and your fees. Gas fees are based on auction and change all the time based on demand. There's no hard cap on the number of e that could theoretically be minted. And proof of work requires mint a bunch of new eth which means growth leads to delution for existing holders. Most of the money spent on transaction fees leaves the system. Proposed solutions, eip one five five nine and eth two, aim to fix the challenges above.