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How do ETH miners make money?
August 11, 2021
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The Lesser Known Miner Fee

Published by Aeon Flux on August 11, 2021
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You wake up one morning with a desire for apples, maybe you’ve been living an unhealthy lifestyle and want to change that around, so getting this apple is very important to you. You live in a rural town, and your local grocer is the only seller of fresh fruits. You are huge of Rick and Morty and put on your “Got Apples” shirt you got online before heading out of your house because why not? You are an honest person who expresses your thoughts openly. On your way to the grocer, you bump into Flash, the local financier who moved to the town from the city and is always out to make a quick buck. You don’t say a word to him, but he sees your shirt and makes a run to the local store. You chase after him, but he is faster. By the time you get to the store, all the apples are gone. You see Flash holding all the apples proudly. He offers you one for 5 dollars, but the standard price is 1 dollar. You have no choice but to buy it off him because you committed to changing yourself. You walk away with an apple in your hand, shaking your head.”You just got front ran.Front running is one of the main tactics miners use to gain more profit (besides other methods) during the block processing stage. (This analogy isn’t 100 percent accurate, but it covers the main picture).Although the Ethereum blockchain is written by consensus, the content of each block is chosen by just one miner. Hence whilst the whole blockchain is decentralised, the management at a block level is centralised. This control over the content allows them to decide without contest what transactions to include and how to order them, which essentially cascades down…

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