CB-23Q1-01.1 : Decentralized Mining Pools

[will-corcoran]

Decentralizing of the Stacks network through mining is one of the top priorities for Stacks ecosystem. Fortunately, Stacks 2.1 unlocks mining pools.

The goal of this CRITICAL BOUNTY is to promote the decentralization of the Stacks network by increasing the total number of STX miners by a minimum of 200%. The means to promoting this increase is supporting the development of an (or several) end-to-end applications that allow for mining pool participants to:

• Deposit BTC (including Segwit or Taproot enabled addresses) or xBTC.
• Withdraw BTC or xBTC from the pool after submitting.
• View and withdraw STX returns.

Our belief is that providing easy to use and trustless mining pools (that provide participants with modest returns) will help prevent individual miners and/or mining syndicates from having majority control over mining. Decentralized mining pools will help Stacks expand from its current average miner count to thousands of participants via pools - something that will lead to a more robust, resilient, and decentralized network. We would like to encourage all qualified teams to submit an application to help us build this critical tooling and exiting product.

If you are interested please:

1. Follow this link
2. Duplicate the template
3. Fill out the template (all of the boxes marked with a + )
4. Paste a link to your completed application in the comment section below

Schedule:

• Close of Applications: Friday, 01/6/23 (12 midnight PST)
• Announcement of Team Selected: Tuesday, 01/17/23

Thanks! The Stacks Foundation