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Ethereum’s current reliance on Proof of Work (PoW) mining will not be best, and whereas we proceed to work with gusto in direction of a Proof of Stake answer (PoS), we’ve to reside with PoW as gracefully as potential (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:
Although there are some instances of open supply Ethereum pool mining software program accessible, the uptake has been low, and there seems to be a big effectivity hole between proprietary and accessible open supply pool software program.
We suggest to alter that.
As of immediately, 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 tip outcome:
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 assist growth within the meantime, DEVgrants will add a further $10,000 grant, as soon as the challenge is underway.
We’re open to quite a lot of approaches, as long as the tip outcome gives an easy-to-setup mining pool beneath a permissible supply license that provides comparable returns to current ethereum mining swimming pools (dwarfpool, ethermine, and so on). We’ll award the bounty to the challenge that we discover probably the most attention-grabbing and viable.
For candidates who don’t draw back from the warmth of public debate, please go away 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, it’s possible you’ll electronic mail grants@ethereum.org. Please notice nevertheless that your challenge shall be publicly disclosed (and inevitably mentioned advert nauseum) in the end.
We welcome everybody to place their heads collectively on fixing this concern, seeing it as one more alternative for the superior Ethereum group to rise to the event!
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