Hello guys, Do you know what is MEV Bot?
I've deployed my smart contract to ethereum network.
but I can see MEV bot injection in transaction of smart contract.
I'm not sure what this is.
Sep 7, 2021, 1:59 PM
A MEV bot?
Sep 7, 2021, 2:23 PM
Yes
Sep 7, 2021, 2:25 PM
He is just stupid
Probably refering to the fake phishing coins scammer send around to get your datas
They lead you to a scamwebsite for "validating" and steal your keys
Sep 7, 2021, 2:27 PM
What does MEV stand for? Suddenly I got interested in all kinds of bots in crypto.
A new and mysterious breed
Sep 7, 2021, 2:40 PM
Miner Extracted Value. A type of service where you pay miners directly to include your transaction at a certain place in a block. Not related to gas fees
Sep 7, 2021, 2:43 PM
👍I see. Now I understand what it means to bribe miners and why miners have a lot of control over random numbers.
But miners still need to do PoW to win a mining opportunity. So I wonder what this kind of bot can do? Does it reach out to a massive number of miners?
Sep 7, 2021, 2:55 PM
MEV miners use a modified fork of Geth which does the work for them. The percentage of miners using this version is actually very high - last time I heard, around 30% of blocks had MEV transactions, probably a lot more nowadays.
Sep 7, 2021, 3:04 PM
A lot of mining pools have partnered with archerDao and flashbots
Sep 7, 2021, 4:32 PM
What does it imply?
Sep 7, 2021, 4:33 PM
They just need to use a fork of Geth as stated by Lauri as far as I know
Plus I think archerDao or flashbots is bribing them as well, like giving them tokens of their project
Sep 7, 2021, 4:34 PM
So that mining pools can always prioritize transactions by them? Is that the benefit of doing this?
Sep 7, 2021, 4:35 PM
Hehe, this is how it works.
Your transactions will not appear in the mempool, it will go directly in the next block
Your transactions will not appear in the mempool, it will go directly in the next block
So the frontrunners won't even see your tx in the mempool
Sep 7, 2021, 4:36 PM
This is insight! It does sound valueable.
But other miners would still have normal mempools.
Do transactions still appear in those pools?
I'm still trying to get my ahead around this. It does not make a perfect sense yet.
Sep 7, 2021, 4:39 PM
Just Google flash bots and archerDao and read about it
Also a lot of youtube videos
I'm in the same boat as you
Sep 7, 2021, 4:40 PM