Ethereum’s current reliance on Proof of Work (PoW) mining isn’t ultimate, 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:
Mining Pool Variety from March 28 through https://etherchain.org/statistics/miners
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 in the present day, the Ethereum Basis is providing a bounty to a developer or workforce who needs to start this mission, 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 growth within the meantime, DEVgrants will add a further $10,000 grant, as soon as the mission is underway.
We’re open to quite a lot of approaches, as long as the top consequence supplies an easy-to-setup mining pool underneath a permissible supply license that provides related returns to present ethereum mining swimming pools (dwarfpool, ethermine, and many others). 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 assessment the content material and focus on its deserves publicly. If, alternatively, you want to make your proposal in personal, chances are you’ll e-mail grants@ethereum.org. Please be aware nevertheless that your mission can be publicly disclosed (and inevitably mentioned advert nauseum) sooner or later.
We welcome everybody to place their heads collectively on fixing this difficulty, seeing it as yet one more alternative for the superior Ethereum neighborhood to rise to the event!