Ethereum’s current reliance on Proof of Work (PoW) mining just isn’t supreme, and whereas we proceed to work with gusto in the direction of a Proof of Stake answer (PoS), we’ve to dwell with PoW as gracefully as attainable (a minimum of till the eventual swap!). In the meantime, within the curiosity of general community well being, mining decentralization and variety is a transparent crucial:
Mining Pool Range from March 28 by way of https://etherchain.org/statistics/miners
Although there are some instances 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 mission, based mostly on the “efficiency” of the top outcome:
100 ETH per % hashpower that adopts the software program, as much as a most of 8% per independently managed pool or 33% whole, 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 help growth within the meantime, DEVgrants will add an extra $10,000 grant, as soon as the mission is underway.
We’re open to quite a lot of approaches, as long as the top outcome gives an easy-to-setup mining pool below a permissible supply license that provides comparable returns to present ethereum mining swimming pools (dwarfpool, ethermine, and so on). We are going to award the bounty to the mission that we discover essentially the most fascinating 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 [email protected]. Please notice nonetheless that your mission will probably be publicly disclosed (and inevitably mentioned advert nauseum) in the end.
We welcome everybody to place their heads collectively on fixing this challenge, seeing it as one more alternative for the superior Ethereum group to rise to the event!