Ethereum’s present reliance on Proof of Work (PoW) mining isn’t ideally suited, and whereas we proceed to work enthusiastically in direction of Proof of Stake options (PoS), we now have to dwell with PoW as gracefully as potential (a minimum of till the ultimate change!). In the meantime, within the curiosity of general community well being, mining decentralization and variety are a transparent crucial:
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Mining Pool Diversion Since March 28 https://etherchin.org/statistics/miners(/caption)
nonetheless are some examples Out there open supply Ethereum pool mining software program has been underutilized, and there seems to be a big effectivity hole between proprietary and out there open supply pool software program.
We suggest to vary that.
From at this time, The Ethereum Basis is providing a bounty to a developer or group that wishes to start out the venture, based mostly on the “efficiency” of the tip outcome:
100 ETH per % of hashpower that the software program adopts, as much as a most of 8% per independently managed pool or 33% whole, whichever is much less. (eg Pool A, B, C with 6% every -> 1800 ETH, Pool A with 25% + Pool B with 5% -> 1300 ETH, Pool A, B, C, D, E with 7% every -> 3300 ETH)
In the meantime to assist the event, DEVgrants will add an extra $10,000 grant as soon as the venture is launched.
We’re open to quite a lot of approaches, so long as the tip outcome gives an easy-to-setup mining pool underneath a permissive supply license that gives returns just like present Ethereum mining swimming pools (Dwarfpool, Etheremine, and so forth.) . We’ll award the bounty to the venture we discover most attention-grabbing and viable.
For candidates who do not thoughts the warmth of public debate, please skip the 1-2 paragraph proposal this reddit thread, Vitalik and others will assessment the fabric and publicly focus on its deserves. Then again, if you wish to make your provide in individual, you’ll be able to e-mail grants@ethereum.org, Nevertheless, please notice that your venture will likely be publicly disclosed (and inevitably mentioned) sooner or later.
We welcome everybody to work collectively to resolve this challenge, contemplating this one other alternative for the great Ethereum neighborhood to rise to the event!