How MEV Changes Bitcoin Mining

Bitcoin mining revenue streams are historically very boring. Miners earn money from two sources: subsidies built into the protocol and fees for processing transactions. Sometimes a company will pay miners to put a special message in a block header. Sometimes cryptocurrency exchanges will negotiate fees with pools to reserve block space during times of high network congestion. But these payments are exceptional and infrequent occurrences. Mining expenses are paid with fee and subsidy revenues.

The future of bitcoin mining revenue, however, is likely to be the extreme opposite of boring. And more bitcoin investors should start paying attention — even ones who aren’t mining.

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