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 resolution (PoS), we now have to stay with PoW as gracefully as attainable (at the least till the eventual swap!). In the meantime, within the curiosity of general community well being, mining decentralization and variety is a transparent crucial:
Although there are some instances of open supply Ethereum pool mining software program obtainable, the uptake has been low, and there seems to be a big effectivity hole between proprietary and obtainable 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 workforce who needs to start this mission, primarily based on the “efficiency” of the tip end result:
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 a further $10,000 grant, as soon as the mission is underway.
We’re open to a wide range of approaches, as long as the tip end result gives an easy-to-setup mining pool below a permissible supply license that provides comparable returns to current ethereum mining swimming pools (dwarfpool, ethermine, and so forth). We are going to award the bounty to the mission that we discover essentially the most fascinating and viable.
For candidates who don’t draw 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, then again, you want to make your proposal in non-public, chances are you’ll electronic mail grants@ethereum.org. Please be aware nonetheless that your mission might be publicly disclosed (and inevitably mentioned advert nauseum) in the end.
We welcome everybody to place their heads collectively on fixing this subject, seeing it as yet one more alternative for the superior Ethereum group to rise to the event!
