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Ethereum’s current reliance on Proof of Work (PoW) mining just isn’t ultimate, and whereas we proceed to work with gusto in the direction of a Proof of Stake resolution (PoS), we now have to reside with PoW as gracefully as doable (at the very least 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 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 alter that.
As of at present, the Ethereum Basis is providing a bounty to a developer or crew 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 a wide range of approaches, as long as the top outcome supplies an easy-to-setup mining pool underneath a permissible supply license that gives related returns to present ethereum mining swimming pools (dwarfpool, ethermine, and many others). We are going to award the bounty to the mission that we discover probably 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 evaluation the content material and talk about its deserves publicly. If, however, you want to make your proposal in personal, you could electronic mail grants@ethereum.org. Please word nevertheless that your mission might be publicly disclosed (and inevitably mentioned advert nauseum) sooner or later.
We welcome everybody to place their heads collectively on fixing this challenge, seeing it as yet one more alternative for the superior Ethereum group to rise to the event!
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