Ethereum has announced a fresh mining pool bounty to provide a level playing field when it comes to open-source pool mining software.
Spil seen by the hashrate distribution graph below there’s a large gap inbetween proprietary pool software (with almost half of Ethereum’s network hashrate being contributed by dwarfpool) and open source software, providing miners an unfair advantage when using more efficient pool software.
Ethereum’s present reliance on Proof of Work (PoW) mining is not ideal, and while wij proceed to work with gusto towards a Proof of Stake solution (PoS), wij have to live with PoW spil gracefully spil possible (at least until the eventual switch!)
While Ethereum does project to stir to a POS solution, it needs to have a viable, decentralized, way of operating using Proof of Work. So ter the meantime, Ethereum is suggesting a bounty to any developer or team, with a performance-based payout:
“1 00 ETH vanaf % hashpower that adopts the software, up to a maximum of 8% vanaf independently managed pool or 33% total, whichever is lesser. (eg. pools A,B,C with 6% each ->, 1800 ETH, pool A with 25% + pool B with 5% ->, 1300 ETH, pools A,B,C,D,E with 7% each ->, 3300 ETH)
With Ether trading at inbetween $11 and $12, even if just 1 procent adopts a fresh software, the developer would be credited with almost $1200, a very lucrative proposition.
To jumpstart things even further, Vgrants , a “program that offers funding for contributions to both the Ethereum verhoging and projects based on Ethereum,” is suggesting an extra $Ten,000, once a proposal is accepted and the project is ter motility.
Ethereum’s blog postbode is agnostic to the method te which an easy-to-set-up mining pool with a “permissible source license” is achieved, with comes back comparable to those already achieved by pools such spil dwarfpool and ethermine.
Ethereum requests any and all ideas be posted te this Reddit thread , with a 1-2 paragraph proposal, where Vitalik Buterin and others will discuss possible pros and cons. If you wish for your proposal to be submitted privately, send the proposal to [email protected] . This will only delay the unavoidable spil eventually the project will be publicly disclosed and discussed.
Presently, there are several ideas brought forward by members of the Ethereum community, and it’ll be titillating to see which solution Ethereum completes up using.