Ethereum’s current reliance on Proof of Work (PoW) mining just isn’t splendid, and whereas we proceed to work with gusto in the direction of a Proof of Stake answer (PoS), we’ve to stay with PoW as gracefully as attainable (not less than till the eventual change!). In the meantime, within the curiosity of total 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 out there, the uptake has been low, and there seems to be a big effectivity hole between proprietary and out there open supply pool software program.
We suggest to vary that.
As of at the moment, the Ethereum Basis is providing a bounty to a developer or crew who needs to start this challenge, primarily based on the “efficiency” of the tip consequence:
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 improvement within the meantime, DEVgrants will add a further $10,000 grant, as soon as the challenge is underway.
We’re open to a wide range of approaches, as long as the tip consequence offers an easy-to-setup mining pool beneath a permissible supply license that gives related returns to present ethereum mining swimming pools (dwarfpool, ethermine, and so forth). We are going to award the bounty to the challenge that we discover probably the most fascinating and viable.
For candidates who don’t shrink back from the warmth of public debate, please depart a 1-2 paragraph proposal in this reddit thread. Vitalik and others will overview the content material and talk about its deserves publicly. If, however, you want to make your proposal in personal, you could e mail grants@ethereum.org. Please observe nevertheless that your challenge can 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 one more alternative for the superior Ethereum group to rise to the event!