Mining Pool Bonus - Operation Decentralize Hashrate by Fiendish

Goal: 1500 FIRO ($4170.0) Miscellaneous
Proposal Work in Progress

Why?

Firo mining is overwhelmingly centralized on a single pool. For the benefit of Firo and it's security, it would be much better if no single pool had greater than a 30% share in hashrate.

We may have an opportunity to attract and direct new hashrate to pools with less than 30% hashrate, due to the upcoming 'merge' everyone is talking about.

How much?

We offer a 10% mining rewards bonus to pools with less than 30% hashrate. The rewards will be calculated and awarded based on total blocks solved. I have allocated a maximum of 1500 Firo.

What?

Pools owners that have less than 30 percent Firo hashrate marketshare will receive a 10% reward bonus to distribute among their Firo miners in their pool.

*This bonus will be for the sole purpose of rewarding Firo miners in their pool.

Milestones?

After one month the CFC will look at what affect the bonus has had on hashrate decentralization. We can then decide to fund the bonus for another month or not continue to fund the initiative if it hasn't had a significant desirable outcome. We could also decide to make other changes. We could decide to scale the bonus reward percentage lower, for example to something like 5% or some other number. This may be a fiscally responsible thing to do, as the more successful this initiative becomes, the more expensive it would become to fund also.

Outcomes?

Hashrate decentralization.

Why you?

Why not?

Events
  • Proposal created 2022-09-06 14:41
  • Discourse topic posted 2022-09-06 14:41
  • Proposal markdown updated 2022-09-06 15:03
  • Status changed from 'idea' to 'Funding Required' 2022-09-08 13:02
  • Donation address generated 2022-09-08 13:02
  • Payment of 8.4375 FIRO sent 2022-09-19 05:24
  • Payment of 9.53125 FIRO sent 2022-09-19 05:25
  • Payment of 35.9375 FIRO sent 2022-09-19 05:26
  • Payment of 28.59375 FIRO sent 2022-09-19 05:26
  • Payment of 3.59385 FIRO sent 2022-09-19 09:44
  • Payment of 12.34375 FIRO sent 2022-09-26 03:02
  • Payment of 22.34375 FIRO sent 2022-09-26 03:03
  • Payment of 5.625 FIRO sent 2022-09-26 03:03
  • Payment of 5.0 FIRO sent 2022-09-26 03:04
  • Payment of 2.65625 FIRO sent 2022-09-26 03:04
  • Payment of 0.46875 FIRO sent 2022-09-26 03:04
Meta
firo
1 individual contribution(s) Details...

1500.003838 FIRO Raised (100.0%)

134.53135 FIRO Paid out (8.97%)

1365.472488 FIRO Available for payout :-)
This proposal is fully funded and in development.
Transactions

  • Amount: 0.46875 FIRO
  • TXID: b5a76fb352cc18d335cd7491b5d4de548951cc870efbe2599ea4caa75e5344cd
  • Date: 2022-09-26 03:04

  • Amount: 2.65625 FIRO
  • TXID: 98e050a2d93bfb3827015bb637d972712af491ef997f01c1ce154d0f07324513
  • Date: 2022-09-26 03:04

  • Amount: 5.0 FIRO
  • TXID: 5db602cfc7fe7364edce3fe62b92378acdb3c62844c00aaf72d0da83817f3da2
  • Date: 2022-09-26 03:04

  • Amount: 5.625 FIRO
  • TXID: 1daf437a49faf5a9cf4b2f59a445639e1e4a3ed692ca7d89ede474f408416b93
  • Date: 2022-09-26 03:03

  • Amount: 22.34375 FIRO
  • TXID: 2f859b1e6ff803c2ce76d75e0b53e678ea4d8dd596cb45e91156344409b8b1a4
  • Date: 2022-09-26 03:03

  • Amount: 12.34375 FIRO
  • TXID: f30ee68e83eb1fde8ee29b5557126b6401fb1b0698069ecfee2378e81c5df900
  • Date: 2022-09-26 03:02

  • Amount: 3.59385 FIRO
  • TXID: f1b4d9b790e6f2521569925c0c25ff9b6cf3b8686f1c4cc08b2006f20b54fc62
  • Date: 2022-09-19 09:44

  • Amount: 28.59375 FIRO
  • TXID: db03ae0ecbc697fcbcfbe6a94de1132d64f925aa52af1158b8432f390ac3f8f6
  • Date: 2022-09-19 05:26

  • Amount: 35.9375 FIRO
  • TXID: eee37d62bb3758bb1a6754437a1805c60527377564e40ee211975479bbd7d4ad
  • Date: 2022-09-19 05:26

  • Amount: 9.53125 FIRO
  • TXID: 9171012421f7ec945ca3b7cbb526c574739cb7311ced64d85a0d3ccde7bf0152
  • Date: 2022-09-19 05:25

  • Amount: 8.4375 FIRO
  • TXID: c3a3ed2874efd32287db50a2fde19ac24ab1fc84902c076685b118b3fa5ff6f0
  • Date: 2022-09-19 05:24

  • Amount: 1500.003838 FIRO
  • TXID: 9796639a1fa5c5b9362390cebf5e09d84c031f7d1dd0e37e54b85d2496d42867
  • Blockheight: 534348
  • Confirmations: 11787