Mining is extremely competitive, and every possible incentive is continuously explored to gain an edge.  Even publicly traded miners are engaging in MEV:  [https://www.coindesk.com/business/2023/09/27/bitcoin-miner-marathon-reportedly-mines-invalid-btc-block/](https://www.coindesk.com/business/2023/09/27/bitcoin-miner-marathon-reportedly-mines-invalid-btc-block/)

> "We utilize a small portion of our hash rate to experiment with our development pool and research potential methods to optimize our operations."

This is a transparent admission of MEV in action.

03393ec3a3

I dunno. I just don't see it. Maybe I'm missing something. 

kepford

bitcoin

"If all the people around tells you that you’re drunk - maybe you're just drunk"

jk_14

Miners cannot afford the luxury of low time preference - their bills occur monthly.  They will likely be unaware their hashrate is undermining the chain.  Once the subsidy is low, a great deal of hashrate will find its way to hashrate markets so that they can have significantly higher payouts from MEV.  These markets tend to be commanded by low time preference actors.