Announcing #Ethermine MEV beta! 🥳

In order to compensate the upcoming mining reward reduction caused by the adoption of EIP-1559 we have launched our MEV beta program.

80% of our MEV revenue will be distributed alongside the mining block rewards.
5% will be used to support the Ecosystem via @gitcoin grants. The remaining amount will be used for further development of our MEV strategies.

In total we expect an increase of 1-10% in mining rewards.

Stay tuned for more information on this existing new addition to our pool📰
A few more words on EIP-1559

We opposed EIP-1559 because of security concerns. These concerns could get mitigated by adopting EIP-3368. Independent of the outcome (EIP-1559 & EIP-3368) we'll never endorse nor pariticipate in any kind of hostilities by miners against the network.
With the addition of MEV and L2 payouts (soon), we will try our best to provide our miners the best possible mining environment.⛏️🌏

We're all in the same boat. Let's keep it safe.❤️

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