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Ethereum’s current reliance on Proof of Work (PoW) mining just isn’t ideally suited, and whereas we proceed to work with gusto in direction of a Proof of Stake resolution (PoS), we’ve got to reside with PoW as gracefully as doable (no less than 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 instances 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 at the moment, the Ethereum Basis is providing a bounty to a developer or staff who needs to start this challenge, primarily based 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 quite a lot of approaches, as long as the top consequence gives an easy-to-setup mining pool below a permissible supply license that provides related returns to present ethereum mining swimming pools (dwarfpool, ethermine, and so forth). We are going to award the bounty to the challenge that we discover probably the most attention-grabbing and viable.
For candidates who don’t shrink back from the warmth of public debate, please go away a 1-2 paragraph proposal in this reddit thread. Vitalik and others will assessment the content material and talk about its deserves publicly. If, then again, you want to make your proposal in personal, you might electronic mail grants@ethereum.org. Please be aware nevertheless that your challenge might be publicly disclosed (and inevitably mentioned advert nauseum) in the end.
We welcome everybody to place their heads collectively on fixing this challenge, seeing it as one more alternative for the superior Ethereum neighborhood to rise to the event!
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