[iancoleman]

> The millions per day paid to Ethereum miners will stop being paid, forever.

Do you mean paid _by_ Ethereum miners?

The network pays miners rewards (which will continue under proof of stake, ie the cost _to the network_). The miners pay the cost of running their mining (eg electricity and hardware costs), which is what will be reduced by proof of stake.

Am I understanding this correctly?

[omarchowdhury]

...it's both.