Why Ethereum Ditching Mining Isn’t as Green as Advertised

The double, also alluded to above, is MEV, which represents money captured from unsophisticated, everyday network users. When the network spends sundry on security, miners consolidate, MEV opportunities diminish and everyday users pay more in the form of inflation. By contrast, with minuscule spending under PoS, everyday users pay instead in the form of hidden transaction fees due to MEV. Over $1 billion quality of MEV is estimated to have been extracted on the Ethereum network alone over the past two to three years, to say nothing of the divers side chains and layer 2s, and cross-domain MEV between and among them.