Front-running for farmers co-ops
6 March, 2021 by
Troy Benjegerdes
Ah, finally, I've been waiting for this since I first read the bitcoin whitepaper... This is the motivation why farmers co-ops might want to run a PoW mining operation to ensure we get the best price on commodities futures trades.
From the end of this article on Ethereum's new hardfork:
"Moreover, a new revenue replacement is quickly becoming available for mining networks. Called miner extracted value (MEV), miners can take advantage of their place as arbiters in how blocks are packaged to “front-run” profitable trades. MEV is currently popular among decentralized finance (DeFi) traders who bid up gas prices to secure their place in the block. Many Ethereum mining pools are currently implementing MEV software to gather this untapped source of revenue."
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