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No: MEV is often far greater than the network fee. A miner now having to pay $13 to make $2000 isn’t going to be deterred by having to pay $13.
by dannyw 6y ago
No: MEV is often far greater than the network fee. A miner now having to pay $13 to make $2000 isn’t going to be deterred by having to pay $13.
- imtringued 6y agoAssuming we have a miner intelligent enough to detect all arbitrage transactions. What prevents the miner from paying $2000 for the transaction? I'm asking because that would mean "MEV" would always be 100% of the arbitrage opportunity.
- latchkey 6y agoMiners don't have to pay anything other than capex/opex for transactions. If they can mine their own transactions. Most cannot. Also remember, the cost of ETH to a large miner is significantly lower than market price (hence mining instead of buying).