Changing the block reward allocation

P

peter

Member
Hi,

What do you think about this decision proposal in order to decrease PoW and to increase PoS:

"Change the block reward allocation to 5% (miners) / 25% (budget) / 70% (MNs)." ?
And with an intermediate step during 10 months with 10/25/65, so that miners can better adapt to the new situation.

Here are the pros and cons, that I see:

Pros: less PoW (less energy consumption), more PoS, more budget.
Cons: some miner hardware investments cannot be amortized. (But such investments are risky anyway...)

Do you see other pros or cons?

Kind regards, Peter
 
Previous change with regards to the Dash block reward allocation :

Governance proposal : https://www.dashcentral.org/p/TREASURY-REALLOCATION-60-20-20
Date : 2023-09-08
Change : 60% (mno) / 20% (miners) / 20% (budget)

This governance / polling proposal was initiated by DCG, because they were running out of funding and i guess they wanted to avoid having to implement a drastic reorganisation. The network ultimately supported this decision. I voted against this because i did not think this was a long term solution for DCG and thought they would be in the same situation (out of reserves and funding) a few years later and i also did not think it would lead to more budget proposal requests from people outside those that were / are already participathing in the DAO.

Jumping forward to June 2025 and DCG is still in the same dire financial situation, the doubling of the budget system from 10% to 20% did very little to longterm fix their running out of reserves problem. DCG now survive purely thanks to their monthly supplemental budget proposals (the leftover funds / unallocated funds) on top of their operations budget proposals (combined DCG claims up to 65% of the DAO budget every month i think). Also there has not been an increase in budget proposals from outside those already participathing in the Dash DAO.

OP wants to change above mentioned Dash block reward allocation to 70% (mno) / 5% (miners) / 25% (budget)

This means increasing the DAO budget once more (from 20% to 25%) --> DCG will no doubt be raising their budget proposals requested amount (both their Operational budget proposals and their Supplemental budget proposals / Leftover budget funding). I still have the same problem with that as during the last Dash block reward allocation change (when it changed from 10% to 20%), in this case it is putting a bandaid / quickfix on something that in my eyes needs a more structural longterm solution for DCG. Also take into account that the yearly -7.1% cut on Dash blockrewards will diminish the available DAO budget more and more coming years, people / businesses that are relying on the DAO do need to take that into account and need to adapt to this. So increasing the DAO budget (again !) in any way is a big no for me.

With regards to increasing the 60% to 70% (mno) : i rather have us not not mess with the Dash blockreward allocation between miners and masternodes anymore, unless it is for phasing out PoW for PoS completely with regards to the Dash Main chain. But i think that is something that needs a lot more study and investigation.
 
Last edited:
I don't think dash should move to pure PoS, though it does appear to be on the slippery slope to do so. I'd much rather see dash drop it's ASIC friendly X11 and replace it with a random GPU friendly algo.

For allocation, can we first move voting to a second mining algo and let those lottery winners vote instead of masternodes? Can't be much worse than the current situation. I suspect things would be a lot different under those rules and we'd see allocations change dramatically.. but fat chance of that ever happening.
 
You must log in or register to reply here.
Back
Top