Proposal “reduce-costs-for-mining“ (Active)Back
| Title: | Reduce costs for mining |
| Owner: | pmbf |
| One-time payment: | 1 DASH (24 USD) |
| Completed payments: | no payments occurred yet (1 month remaining) |
| Payment start/end: | 2025-09-08 / 2025-10-13 (added on 2025-09-08) |
| Final voting deadline: | in 1 month |
| Votes: | 12 Yes / 171 No / 7 Abstain |
| Will be funded: | No. This proposal needs additional 486 Yes votes to become funded. |
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Proposal description
Hi,
This is a decision proposal.
I’ve already made a similar proposal here:
https://www.dashcentral.org/p/change-block-reward-allocation
It did not pass and the main feedback, that I got, was, that the transition to
less mining rewards has to be smoother, so that the miners can adjust their
investments more easily.
There are already 2 similar proposals, but IMHO their presence is rather
annoying and they don’t make much sense, since they don’t take into account
all the feedback on Discord: the proposed transitions are not smooth enough or
don’t go far enough.
Ok, so here is my proposal:
Starting with approximately block 2417760 (end of January 2026) and then every
210240 blocks (once per year), 30% of the mining part go to the MN part:
20/20/60 → 14/20/66 → 9.8/20/70.2 → 6.86/20/73.14 and so on.
If it passes, DCG will implement it.
Thanks to chainlocks, there is almost no more risk of double spending or
similar attacks. That means, that the PoW system can work with less hashrate.
Today the rewards for the miners are mainly used for electricity. I think that
this is a waste because a high hashrate is no more needed. I prefer not
wasting resources, that can be used elsewhere.
Just to be clear: This proposal is not about removing PoW (this will be
probably another topic in a few years) and not about changing the mining
algorithm. It is about reducing the cost for electricity and reducing the
impact on the environment.
Rather nice side effect: more Dash will be staked in MNs, and that would
certainly increase its value.
Kind regards, Peter
This is a decision proposal.
I’ve already made a similar proposal here:
https://www.dashcentral.org/p/change-block-reward-allocation
It did not pass and the main feedback, that I got, was, that the transition to
less mining rewards has to be smoother, so that the miners can adjust their
investments more easily.
There are already 2 similar proposals, but IMHO their presence is rather
annoying and they don’t make much sense, since they don’t take into account
all the feedback on Discord: the proposed transitions are not smooth enough or
don’t go far enough.
Ok, so here is my proposal:
Starting with approximately block 2417760 (end of January 2026) and then every
210240 blocks (once per year), 30% of the mining part go to the MN part:
20/20/60 → 14/20/66 → 9.8/20/70.2 → 6.86/20/73.14 and so on.
If it passes, DCG will implement it.
Thanks to chainlocks, there is almost no more risk of double spending or
similar attacks. That means, that the PoW system can work with less hashrate.
Today the rewards for the miners are mainly used for electricity. I think that
this is a waste because a high hashrate is no more needed. I prefer not
wasting resources, that can be used elsewhere.
Just to be clear: This proposal is not about removing PoW (this will be
probably another topic in a few years) and not about changing the mining
algorithm. It is about reducing the cost for electricity and reducing the
impact on the environment.
Rather nice side effect: more Dash will be staked in MNs, and that would
certainly increase its value.
Kind regards, Peter
Show full description ...
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Simple things like reducing mining rewards to 10% are something I did vote for, and are easy to do codewise. However the network voted that down. I think we should take a pause from asking the network for a bit.
Have already voted for the first of those proposals!
The other proposal is much better for various reasons.
First, the other proposal gives DCG a completely free hand on how exactly to implement it.
Second, the other proposal suggests a decrease of mining rewards which is much smoother. 30% is much too steep of a sudden gap and frankly has nothing do with smoothness whatsoever.
Third, the other proposal won´t erode the remaining 10% mining rewards, which we should keep as an emergency buffer for a potential expanding of our treasury, in a future worst-case scenario (for example: BTC crash causing a $10 price).
The price has declined precipitously since the first 'pow reduction', even though that was clearly supposed to 'help with the price'. It didn't and the backers of that proposal just IGNORE this fact and pretend like they did nothing wrong. Just like the Platform naysayers NEVER ADMIT that they were wrong to try and defund DCG and stop Platform from releasing. They claimed it would 'never be done', yet here we are 1 year after release with 2000 unique users. This means they were wrong and should admit it, but they deliberately refuse to do so, which is a form of emotional abuse, i.e. AN ATTACK.
So, in order to prevent yourself from falling into that same camp, YOU MUST JUSTIFY WHY YOU WANT TO STOP DASH FROM BEING A POW COIN
You refer probably to "Adjusting Block Reward Allocation to 10-20-70".
That means, that you don’t know, what you are voting for.
10% after 20 super-blocks? Or after 10 super-blocks? Who knows?
This means a lot of uncertainty.
With my proposal the roadmap is clear.
> the other proposal suggests a decrease of mining rewards which is much smoother.
Again: Who knows? 10% in 10 months, that wouldn’t be much smoother than 14% in about 5 months.
> the other proposal won´t erode the remaining 10% mining rewards
Keeping 10% in the long term is completely arbitrary. Dash being so much undervalued today and with so much development going on, the price will very probably increase a lot in the coming years. If the price dropped heavily, that would mean bad luck in any way for all Dash holder and miners, whatever the value of the mining part is (20%, 10%, 5% or whatever.) With your argument, you can also advocate for keeping 20%.
The first proposal is obviously the best of them all
Lets just say we both are of a different opinion.
How i vote is only my own prerogative !
You also have a responsibility to justify your votes when asked by other MNOs (in this case me). Failure to do this is a dereliction of duty and indicates you are acting in bad faith and are compromised.
Finally, you don't have the right to have a 'different opinion'. The Dash network was started on a social contract, that is POW. POW is how Dash is spread to new holders. Removing POW from Dash prevents this and centralizes the coin. This is NOT in the best interest of the network, and if you're going to say otherwise YOU MUST justify why.
Why please? What would be the right time please?
(I admit that I’m tired of reading "not the right time". We know since at least 60 years, that we must reduce the CO₂ in the atmosphere, but it’s never the "right time"...)
> I would prefer discrete steps
Ok, please go ahead and make a proposal.
But still stupid, because you could just spend 6 Dash, cast 2 neverending numberical proposals, and solve the problem once and forever!!!!
I am astonished by the stupidity of all these proposal onwers!!!
>Starting with approximately block 2417760 (end of January 2026) and then every
>210240 blocks (once per year), 30% of the mining part go to the MN part:
>20/20/60 → 14/20/66 → 9.8/20/70.2 → 6.86/20/73.14 and so on.
If you want this distribution Peter, the numerical vote is supposed to never end and the average is considered as it current voting outcome. So you could just change your vote 20/20/60 → 14/20/66 → 9.8/20/70.2 → 6.86/20/73.14 at the appropriate time in the numerical proposals, and hope that the others will do the same...
You need only one numerical proposal!
Just 3 dash, and the propblem of the allocation between miners and will be solved forever!
So we vote the numbers for the mnos. The miners are 0.8-mnos. And the rest is stable the budget (0.2).
WHY THE HELL NOBODY TRIES IT?
HOW MANY PROPOSAL FEES WILL BE SPEND FOR NOTHING!!!
VOTE THE NUMBERS, STUPID! (alternatively said, "here is the wisdom, whoever has mind let him vote the number of the beast")
https://mnowatch.org/votethenumbers/
By removing POW (whether gradually or all at once, this is your ultimate goal), you are centralizing the coin and making the price stagnate (since price discovery is halted, because MNOs don't have pressure to sell).
You have to explain WHY you want this?
Also, its clear that the reason you all keep censoring my proposal is to prevent MNOs from stopping this CONSTANT FLOOD of 'change the block reward proposals' (this is the fourth one now).