Ethereum’s current reliance on Proof of Work (PoW) mining is just not perfect, and whereas we proceed to work with gusto in the direction of a Proof of Stake answer (PoS), we have now to stay with PoW as gracefully as potential (no less than till the eventual swap!). In the meantime, within the curiosity of total community well being, mining decentralization and variety is a transparent crucial:
Although there are some situations of open supply Ethereum pool mining software program accessible, the uptake has been low, and there seems to be a big effectivity hole between proprietary and accessible open supply pool software program.
We suggest to vary that.
As of immediately, the Ethereum Basis is providing a bounty to a developer or staff who needs to start this undertaking, based mostly on the “efficiency” of the top consequence:
100 ETH per % hashpower that adopts the software program, as much as a most of 8% per independently managed pool or 33% complete, whichever is lesser. (eg. swimming pools A,B,C with 6% every -> 1800 ETH, pool A with 25% + pool B with 5% -> 1300 ETH, swimming pools A,B,C,D,E with 7% every -> 3300 ETH)
To assist improvement within the meantime, DEVgrants will add an extra $10,000 grant, as soon as the undertaking is underway.
We’re open to a wide range of approaches, as long as the top consequence offers an easy-to-setup mining pool beneath a permissible supply license that gives related returns to current ethereum mining swimming pools (dwarfpool, ethermine, and so on). We are going to award the bounty to the undertaking that we discover probably the most attention-grabbing and viable.
For candidates who don’t shrink back from the warmth of public debate, please go away a 1-2 paragraph proposal in this reddit thread. Vitalik and others will evaluate the content material and talk about its deserves publicly. If, alternatively, you want to make your proposal in personal, it’s possible you’ll electronic mail grants@ethereum.org. Please observe nevertheless that your undertaking can be publicly disclosed (and inevitably mentioned advert nauseum) sooner or later.
We welcome everybody to place their heads collectively on fixing this concern, seeing it as one more alternative for the superior Ethereum group to rise to the event!
