PoW vs. PoS Which One Is Better
7 years ago in #pow by britvr (65)
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Interesting subject. Good points.
I am going to research this some more Britvr.
This post received a 1.8% upvote from @randowhale thanks to @thedanzel! For more information, click here!
is that a real question? the answer is PoS, it uses less electricity, is better for the enrivonment and doesnt involve buying thousands of dollars worth of equipment
But it centralize.....PoW makes decentralization...
PoW also costs people $1 million + each day around the world to run on their hardware, its causing tons of pollution around the world because people are more concerned with getting rich than they are about the world their grandkids will live in
If you want to be realistic about it, PoW for bitcoin will be obsolete in 20 years because the only people who can mine BTC now are people who have 4000 computers in massive storage areas, in that way, its already centralized, millions of people around the world arent mining BTC, a few large places around the world are, its already centralized , these people already control how much BTC is made
Great points as well and I do appreciate you for caring of the earth as I do as well to some degree which lead me to mining burst. We still need those computers on however! BUT nowadays we can mine other coins for bitcoins which makes it possible to mine btc again ;)
I do it via the 'Nicehash' miner and is giving me decent payouts for what my system provides(power).
Yes that true, but to be completely decentralize; which crypto was made for....you have to mine
@britvr
Great point
@moderinvestor
Like$ the name , following
im working on this right now
https://steemit.com/positive/@normanvortex/saving-to-buy-rv-to-live-in-rv-or-van-to-sleep-in-for-work
I've been dealing with coins that provide both POW / POS ;)
How much reward do you earn on genesis mining affiliate ? That would be great to know, thank you !
Little
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Got into Genesis mining a few weeks ago and was doing them in bigger bulk upgrades, but I started doing it in smaller increments at a time so I could use other people's affiliate codes and hoping they will use mine next time too!
I just used yours, it was only 1 MH/s because I am looking to spread the love to a lot of people! I followed you also, trying to connect with people here on STEEMIT!
Next time you upgrade your hashpower use my code! NkQanX
Any contract upgrade is fine, I am investing in ETH myself but appreciate the return love of any Hashpower!