Ethereum’s current reliance on Proof of Work (PoW) mining will not be ideally suited, and whereas we proceed to work with gusto in direction of a Proof of Stake resolution (PoS), we’ve got to dwell with PoW as gracefully as doable (at the least till the eventual change!). In the meantime, within the curiosity of general community well being, mining decentralization and variety is a transparent crucial:
Although there are some situations 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 alter that.
As of in the present day, the Ethereum Basis is providing a bounty to a developer or workforce who needs to start this challenge, 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 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 top consequence offers an easy-to-setup mining pool below a permissible supply license that provides related returns to current ethereum mining swimming pools (dwarfpool, ethermine, and so on). We’ll award the bounty to the challenge that we discover essentially 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 evaluate the content material and talk about its deserves publicly. If, however, you want to make your proposal in non-public, it’s possible you’ll electronic mail grants@ethereum.org. Please be aware nonetheless that your challenge can be publicly disclosed (and inevitably mentioned advert nauseum) in the end.
We welcome everybody to place their heads collectively on fixing this problem, seeing it as one more alternative for the superior Ethereum group to rise to the event!