Aug 25 2021, 01:55 PM
Sparkpool
2Miners
F2Pool
Ezil Pool
Claim : https://www.reddit.com/r/EtherMining/commen...ning_pools_are/
QUOTE
(Important) Gang of Thieves – How Mining Pools Are Stealing 100s of Millions from ETH Miners
News
Before MEV income was shared with Miners it was kept 100% by mining pools. This reduced Miners block rewards while enriching the pool owners directly. Most large Chinese mining pools along with 2miners and EZIL actively defrauded their miners, making many millions in secret.
This secret income was revealed by Micah, likely on behalf of the ETH Developers who were unhappy at seeing most mining pools stealing their miners incomes and funneling it into their own pockets. Most pools used a MEV company to do this, the most famous one being Archer DAO who supplied MEV income that was even lower than the gas that would have been on the block, causing a net loss overall but a net gain to the mining pools that usually only receive 1%.
Archer DAO not only provided MEV, it allowed people to send ETH transactions at below gas cost, allowing pools to cheat their miners by hiding free transactions they are selling privately to others in their “1 GWEI” payouts. Most pools that were secretly defrauding their miners have now announced they are sharing MEV income. Most of them are lying about what percentage they share.
A new scam has appeared that allows pools to advertise sharing MEV income, while secretly making a ton on the side. This is through a new token from Archer DAO called “EDEN”. Normally the top slots in blocks are sold either as MEV or for high tips. What EDEN does is it requires pools to reserve these slots for EDEN. EDEN doesn’t pay tips or MEV ETH for these slots (ETH that will go to miners), instead it pays its own “EDEN” token directly to a private hidden wallet owned by these pools.
EDEN advertises that during the first 7 days it will pay 6,378,243 EDEN tokens to mining pools (Block Producers) per their white paper. https://edennetwork.io/EDEN_Network___White...r___2021_07.pdf
EDEN’s price varies but it’s currently priced at 3.60$ which works out to 22,961,674.80$ paid out to your mining pools secret wallets in just 7 days. A reminder that this is generally not extra income; this is space on your pool’s blocks that would normally pay you ETH through MEV and tips. Instead your pool collects 0 ETH for these and sells the space to EDEN. These pools steal ETH that goes to their miners turning it into EDEN for themselves. You can see pools claiming their EDEN rewards here https://etherscan.io/address/0x2ae0f9249834...c98142dcf62f774
You’ll notice that most of them make sure to keep everything anonymous. However, there are some mistakes they make. HiveON Pool transferred 0.4 ETH in https://etherscan.io/txs?a=0xd474d21d58caca...e62044249dc&p=2 for gas for the contract. They have swapped EDEN for ETH and are sitting on a cool 1300 ETH (4.1$ Million) here in their private wallet https://etherscan.io/address/0xd0fac1e4013a...fc6604d05b848db
Nanopool has been obvious about it having transferred the ETH into their pool. That may indicate they are distributing the ETH they made from selling EDEN and if so then they appear to be the only pool doing so. https://etherscan.io/address/0x9c90bc6d0dd0...79037b50b36840b
Cruxpool is depositing it all into Binance. https://etherscan.io/address/0x0400dff7f40f...bb82104a788c979
Other big pools are cheating their miners through EDEN but they’ve hidden themselves well on EtherScan. The obvious ones on EDEN are Sparkpool, 2Miners, F2pool, Ezil and Chinese pools.
Pools that are well known for scamming were forced to start sharing their secret MEV income. The best part is most of these pools advertise no fee on MEV when their actually making 100% and reducing their miners tips. Most pool comparisons will show these pools paying 20% less than the top pools due to their dishonesty and theft.
Many will refuse to believe that their pools have been stealing from them for years to enrich themselves. Please do your own research and trust EtherScan. On ETH everything happens on chain. My single reddit post will get buried so please spread the word and don’t let these scammers who have stolen 100’s of millions from us get away.
EZIL demanded evidence and they’ve done a good job hiding it, evidence is below and can be found by a simple google search:
Eden Network has partnered with 2Miners and Ezil.
ArcherDAO partnered with several smaller pools (2miners, Ezil, etc) to build and run in-house bots for them, splitting the profits 50/50.
https://m.theblockbeats.com/en/news/25775
https://dyor-crypto.fandom.com/wiki/Miner_E...ble_Value_(MEV)
EZIL robbed their miners blind and should be ashamed. They make good money yet their dirty grubby hands have been greedy for more. They deserve to be locked in jail as the crooks they are.
To add more evidence https://app.edennetwork.io/fountain says the 7th block producer has produced 48 blocks in the past 14 hours while ezil if you count uncles has produced 48 blocks in the past 14 hours.
News
Before MEV income was shared with Miners it was kept 100% by mining pools. This reduced Miners block rewards while enriching the pool owners directly. Most large Chinese mining pools along with 2miners and EZIL actively defrauded their miners, making many millions in secret.
This secret income was revealed by Micah, likely on behalf of the ETH Developers who were unhappy at seeing most mining pools stealing their miners incomes and funneling it into their own pockets. Most pools used a MEV company to do this, the most famous one being Archer DAO who supplied MEV income that was even lower than the gas that would have been on the block, causing a net loss overall but a net gain to the mining pools that usually only receive 1%.
Archer DAO not only provided MEV, it allowed people to send ETH transactions at below gas cost, allowing pools to cheat their miners by hiding free transactions they are selling privately to others in their “1 GWEI” payouts. Most pools that were secretly defrauding their miners have now announced they are sharing MEV income. Most of them are lying about what percentage they share.
A new scam has appeared that allows pools to advertise sharing MEV income, while secretly making a ton on the side. This is through a new token from Archer DAO called “EDEN”. Normally the top slots in blocks are sold either as MEV or for high tips. What EDEN does is it requires pools to reserve these slots for EDEN. EDEN doesn’t pay tips or MEV ETH for these slots (ETH that will go to miners), instead it pays its own “EDEN” token directly to a private hidden wallet owned by these pools.
EDEN advertises that during the first 7 days it will pay 6,378,243 EDEN tokens to mining pools (Block Producers) per their white paper. https://edennetwork.io/EDEN_Network___White...r___2021_07.pdf
EDEN’s price varies but it’s currently priced at 3.60$ which works out to 22,961,674.80$ paid out to your mining pools secret wallets in just 7 days. A reminder that this is generally not extra income; this is space on your pool’s blocks that would normally pay you ETH through MEV and tips. Instead your pool collects 0 ETH for these and sells the space to EDEN. These pools steal ETH that goes to their miners turning it into EDEN for themselves. You can see pools claiming their EDEN rewards here https://etherscan.io/address/0x2ae0f9249834...c98142dcf62f774
You’ll notice that most of them make sure to keep everything anonymous. However, there are some mistakes they make. HiveON Pool transferred 0.4 ETH in https://etherscan.io/txs?a=0xd474d21d58caca...e62044249dc&p=2 for gas for the contract. They have swapped EDEN for ETH and are sitting on a cool 1300 ETH (4.1$ Million) here in their private wallet https://etherscan.io/address/0xd0fac1e4013a...fc6604d05b848db
Nanopool has been obvious about it having transferred the ETH into their pool. That may indicate they are distributing the ETH they made from selling EDEN and if so then they appear to be the only pool doing so. https://etherscan.io/address/0x9c90bc6d0dd0...79037b50b36840b
Cruxpool is depositing it all into Binance. https://etherscan.io/address/0x0400dff7f40f...bb82104a788c979
Other big pools are cheating their miners through EDEN but they’ve hidden themselves well on EtherScan. The obvious ones on EDEN are Sparkpool, 2Miners, F2pool, Ezil and Chinese pools.
Pools that are well known for scamming were forced to start sharing their secret MEV income. The best part is most of these pools advertise no fee on MEV when their actually making 100% and reducing their miners tips. Most pool comparisons will show these pools paying 20% less than the top pools due to their dishonesty and theft.
Many will refuse to believe that their pools have been stealing from them for years to enrich themselves. Please do your own research and trust EtherScan. On ETH everything happens on chain. My single reddit post will get buried so please spread the word and don’t let these scammers who have stolen 100’s of millions from us get away.
EZIL demanded evidence and they’ve done a good job hiding it, evidence is below and can be found by a simple google search:
Eden Network has partnered with 2Miners and Ezil.
ArcherDAO partnered with several smaller pools (2miners, Ezil, etc) to build and run in-house bots for them, splitting the profits 50/50.
https://m.theblockbeats.com/en/news/25775
https://dyor-crypto.fandom.com/wiki/Miner_E...ble_Value_(MEV)
EZIL robbed their miners blind and should be ashamed. They make good money yet their dirty grubby hands have been greedy for more. They deserve to be locked in jail as the crooks they are.
To add more evidence https://app.edennetwork.io/fountain says the 7th block producer has produced 48 blocks in the past 14 hours while ezil if you count uncles has produced 48 blocks in the past 14 hours.
#GG
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