Recently on Github Ethereum introduced several new ideas for the development of the project. April 1, Ethereum co-founder Vitalik Buterin proposed hardwork to set an upper limit on the number of ETH about 120 million (for the second option — 144 million). First, the proposal was accepted for an April fool’s joke, but he explained, really interested in the opinion of the community on this issue.
A few days earlier the developer Piper Merriam (Merriam Piper) said that Ethereum is necessary to conduct hardwork to demonstrate the desire of the community to oppose the use of ASIC mining in the ether.
The proposal to limit emissions ETH
Acne Buterin published a suggestion for improvement to the Ethereum (EIP), proposed to introduce an upper limit in the total stock of token ETH $ 120 204 432 – «the amount exactly two times the number of units sold during the first krautsalat».
As stated Buterin, the decision was created «in light of the fact that the release of new PoW coins-miners is no longer a effective way to distribute coins or some other serious purpose.» According to him, the upper limit of emission should «provide an economic platform reliability in a variety of circumstances.»
To implement the proposal of acne says:
«During the next hard forks that will change the distribution of awards (most likely it will be stage 1 Casper), the proposal would require the denominations of all awards within the Protocol».
As Buterin explains, «if for some reason the EIP will be implemented at a time when it will be too late to set a maximum limit of 120 million, it is possible to set a higher maximum threshold. I would recommend 144 052 828 ETH, or the amount exactly two times greater than the total amount of coins released in the Genesis block, including sale and pre-sale».
Hardwork to prevent ASIC mining ether
A few days ago one of the developers of Ethereum Piper Merriam published another suggestion EIP, consisting in the idea of the hard forks that will «change mining and make it protected from ASIC».
Merriam States that «according to information on the Internet, the emergence of ASIC miners Ethereum is not far off.» First information about the development of the ASIC for Ethereum appeared in February of this year, and at the end of March, there was indirect evidence of readiness to mass production in the coming months. According to analysts from the US, Bitmain already engaged in the mining of Ethereum with ASIC. Reliable confirmation of this information was not before today, but 3 APR Bitmain finally officially announced the opening of pre-orders for the Antminer E3 for Ethereum supplies for the second half of July.
At the end the author asks two questions: «does hardwork Ethereum ASIC mining more difficult and if it indicates hardwork to prevent any future mining Ethereum-based ASIC,» and «What changes needs to spend Ethereum to implement this enhanced ASIC resistance».
The offer, of course, made a big impact in the community and found broad support among GPU miners, whose income recently dropped significantly, and ASIC to air can make them work altogether unprofitable. At the moment we know of two informal polls.
The largest pool in the extraction of the ether — Ethermine.org — opened a Twitter vote on hard forks.
In the light of the recent discussion about ASICs for Ethereum, do you support an hardfork that obsoletes Ethereum Ethereum ASICs?
— Bitfly (@etherchain_org) April 3, 2018
As voting started recently and it became known about it only from the miners, watching the news pool, the number of voters in it yet.
A second ballot held March 28-29 rebellious developer of Ethereum Vlad Zamfir, who several times came in conflict with Butterini and in the end focused on the development of alternative PoS and sharding.
Would you support a hard fork that obsceletes ETH ASICs? (Just wondering, this is not a proposal)
— Vlad Zamfir (@VladZamfir) 28 Mar 2018
According to his vote, which was attended by about 7 thousand people, only 57% of voters agree with the hard forks and 13% against it, the rest not yet determined its position.
Of these voting shows that while the miners and are interested in holding hard forks vs ASIC, they have no unifying force, capable of causing widespread discussion and push the decision about hard forks among the leading developers and big business, interested in the development of Ethereum.
At the moment Buterin Vitalik and Ethereum Foundation had not expressed a formal position on this hard forks. The probability of hard forks looks low, as large holders of broadcast and business not looking for trouble, and the influence of miners in the ecosystem Ethereum is traditionally lower than in Bitcoin. Given the upcoming transition to PoS, which will put an end to any mining hardware, the developers are unlikely to risk changing the algorithm and related shocks.