Ethereum’s present reliance on Proof of Work (PoW) mining will not be ideally suited, and whereas we proceed to work with gusto on a Proof of Stake (PoS) resolution, we should reside with PoW as gracefully as doable (a minimum of till the ultimate transition!). In the meantime, within the curiosity of the general well being of the community, decentralization and variety of mining is a transparent crucial:
Though there are some some situations of open supply Ethereum pool mining software program accessible, utilization is low and there seems to be a big efficiency hole between proprietary and accessible open supply pool software program.
We suggest to alter that.
From in the present day, The Ethereum Basis presents a reward to a developer or crew prepared to start out this mission, based mostly on the “efficiency” of the tip end result:
100 ETH per % of hashpower adopted by the software program, as much as a most of 8% per independently managed pool or 33% in whole, whichever is much less. (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 growth within the meantime, DEVgrants will add a further $10,000 in assist as soon as the mission is underway.
We’re open to totally different approaches, so long as the tip end result gives an easy-to-deploy mining pool beneath a permissive supply license that provides comparable returns to current ethereum mining swimming pools (dwarfpool, ethermine, and many others.). We are going to award the prize to the mission that we take into account to be essentially the most fascinating and worthwhile.
For candidates who don’t shrink back from the warmth of public debate, go away a 1-2 paragraph proposal in this reddit thread. Vitalik and others will assessment the content material and publicly focus on its deserves. If, alternatively, you wish to make your suggestion privately, you may ship an electronic mail grants@ethereum.org. Nevertheless, remember the fact that your mission will likely be publicly introduced (and inevitably debated advert nauseum) sooner or later.
We welcome everybody to place their heads collectively to resolve this drawback, seeing it as one other alternative for the good Ethereum group to develop!
