Why is Proof of Stake more energy efficient?
In PoS you don't have to solve hashes. The energy is used only for running nodes staking the coins. A node could be run from a home computer if you want, so it consumes way less energy than mining.
Topic: 🔥[ANN][ICO] Pool Of Stake - Pool for Proof of stake blockchains.🔥 - page 19. (Read 22508 times)
May 23, 2018, 05:07:43 AM
May 23, 2018, 04:51:28 AM
Quote from Telegram chat:
if you see the 'Ratings' tab, the internal evaluation scale used by ICObench (Benchy) ranks 4.4, the final rating is lowered by the opinion of 2 experts: one (the Indian guy) has a very low success score in its ICO evaluation record, the other is blaming the team for having just 1 advisor... 2 people isn't enough, maybe there is some way to ask other ICObench experts to put some attention to PSK?
by the way... everybody could become ICOBench expert! I'm doing my registration now... 🤣
I have observed that are born easily, these "agencies" of rating. According to me, these aren't of a high level, Quote
Why such a low rating on the icobench?
https://icobench.com/ico/pool-of-stake?utm_source=tlg
https://icobench.com/ico/pool-of-stake?utm_source=tlg
if you see the 'Ratings' tab, the internal evaluation scale used by ICObench (Benchy) ranks 4.4, the final rating is lowered by the opinion of 2 experts: one (the Indian guy) has a very low success score in its ICO evaluation record, the other is blaming the team for having just 1 advisor... 2 people isn't enough, maybe there is some way to ask other ICObench experts to put some attention to PSK?
by the way... everybody could become ICOBench expert! I'm doing my registration now... 🤣
and the parameters that are used do not correspond to qualify the project. Only a few are reliable.
May 22, 2018, 09:39:40 AM
Did you read this news from Twitter about Bitcoingold?
"An unknown party accessing large amounts of hashpower is using "51% attacks" to perform "double spend" attacks on Exchanges. We have been advising all exchanges to increase their confirmations requirement and to review large deposits."
This sounds to me like a good news because we need POS in the future!
"An unknown party accessing large amounts of hashpower is using "51% attacks" to perform "double spend" attacks on Exchanges. We have been advising all exchanges to increase their confirmations requirement and to review large deposits."
This sounds to me like a good news because we need POS in the future!
Oh this is true, and it's happening again also on Verge these days! I can't imagine what would happen to Bitcoin if the main miners would move their Asics to BCH and no block would be solved for hours, days, weeks...
May 22, 2018, 09:31:39 AM
Did you read this news from Twitter about Bitcoingold?
"An unknown party accessing large amounts of hashpower is using "51% attacks" to perform "double spend" attacks on Exchanges. We have been advising all exchanges to increase their confirmations requirement and to review large deposits."
This sounds to me like a good news because we need POS in the future!
"An unknown party accessing large amounts of hashpower is using "51% attacks" to perform "double spend" attacks on Exchanges. We have been advising all exchanges to increase their confirmations requirement and to review large deposits."
This sounds to me like a good news because we need POS in the future!
May 22, 2018, 02:38:41 AM
I was looking around and I found this project: https://stakeunited.com/
Is there already a comparison between this service and what Pool Of Stake is planning to do?
Is there already a comparison between this service and what Pool Of Stake is planning to do?
May 22, 2018, 02:31:14 AM
Quote from Telegram chat:
if you see the 'Ratings' tab, the internal evaluation scale used by ICObench (Benchy) ranks 4.4, the final rating is lowered by the opinion of 2 experts: one (the Indian guy) has a very low success score in its ICO evaluation record, the other is blaming the team for having just 1 advisor... 2 people isn't enough, maybe there is some way to ask other ICObench experts to put some attention to PSK?
by the way... everybody could become ICOBench expert! I'm doing my registration now... 🤣
Quote
Why such a low rating on the icobench?
https://icobench.com/ico/pool-of-stake?utm_source=tlg
https://icobench.com/ico/pool-of-stake?utm_source=tlg
if you see the 'Ratings' tab, the internal evaluation scale used by ICObench (Benchy) ranks 4.4, the final rating is lowered by the opinion of 2 experts: one (the Indian guy) has a very low success score in its ICO evaluation record, the other is blaming the team for having just 1 advisor... 2 people isn't enough, maybe there is some way to ask other ICObench experts to put some attention to PSK?
by the way... everybody could become ICOBench expert! I'm doing my registration now... 🤣
May 21, 2018, 06:30:59 PM
Is Pool Of Stake going to implement also joined leasing on Waves blockchain, or it plans only "regular" POS blockchain?
On the whitepaper I could only find that the vision in the long run is for PSK to put
up its own delegates for dPoS coins as Ark or Waves but I couldm't find anithing related to leasing.
May 21, 2018, 04:44:26 AM
Is Pool Of Stake going to implement also joined leasing on Waves blockchain, or it plans only "regular" POS blockchain?
May 21, 2018, 04:36:01 AM
Bad things about Proof of Work mining:
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
I think POS will definitely be the main system in the near future. It's ok the POW is currently using a surplus of energy, but crypto world can't grow at current level and get a mass adoption only considering such kind of terrible energy consumption.
May 20, 2018, 10:57:35 PM
I am very confident and believe that this project will meet the success in the market, therefore I want it, and hopefully this can be realized 
May 20, 2018, 05:23:59 PM
Bad things about Proof of Work mining:
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
I think POS will definitely be the main system in the near future. It's ok the POW is currently using a surplus of energy, but crypto world can't grow at current level and get a mass adoption only considering such kind of terrible energy consumption.
May 20, 2018, 03:20:31 PM
Bad things about Proof of Work mining:
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
I think POS will definitely be the main system in the near future. It's ok the POW is currently using a surplus of energy, but crypto world can't grow at current level and get a mass adoption only considering such kind of terrible energy consumption.
May 20, 2018, 03:56:03 AM
Bad things about Proof of Work mining:
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
- Miners push the price of tokens down because they sell to pay electricity
- Miners pool their resources together and create cartels that foment centralization
- Graphic card prices increase
- Then environment is severely polluted!
May 19, 2018, 03:21:59 AM
Our video crew is in Lugano today to interview @poolofstake co-founders our CEO Davide Borella and CTO Andrea Balzini. Stay tuned!
https://twitter.com/poolofstake/status/997396569023549440
https://twitter.com/poolofstake/status/997396569023549440
May 18, 2018, 09:08:31 AM
I'm report a reflection gathered in a Telegram group:
The increase in difficulty and hashrate on sha256 (combined BTC + BCH) remains spectacular despite the sharp drop in price, we are at + 3-4% every 14 days which implies a + 150% / + 200% per year. During the last relative minimum on April 8th at $ 6500 the difficulty was about 24% less than today's, which implies that a possible return to $ 6500 means a 24% cut in profitability on the cost of energy and longer ROE time.
Today according to the energy consumption index, sha256 (I asked, they count also bitcoin cash) consumes more than Czech Republic.
https://digiconomist.net/bitcoin-energy-consumption
I think that if there is a future in the crypto, this will only be on the POS system.
The increase in difficulty and hashrate on sha256 (combined BTC + BCH) remains spectacular despite the sharp drop in price, we are at + 3-4% every 14 days which implies a + 150% / + 200% per year. During the last relative minimum on April 8th at $ 6500 the difficulty was about 24% less than today's, which implies that a possible return to $ 6500 means a 24% cut in profitability on the cost of energy and longer ROE time.
Today according to the energy consumption index, sha256 (I asked, they count also bitcoin cash) consumes more than Czech Republic.
https://digiconomist.net/bitcoin-energy-consumption
I think that if there is a future in the crypto, this will only be on the POS system.
May 18, 2018, 05:51:15 AM
I'm so interested in this project, it's great.
I am also interested in this project.I think this project is good and innovative and this project has teams that support this project as well as experts in the field.
we are already in the heart of the collection ?
I am following your project and I support.
May 18, 2018, 05:48:53 AM
Great News
We are happy to be a sponsor of the European Business School Golf Competition 2018!
https://twitter.com/i/web/status/997423302930063361
We are happy to be a sponsor of the European Business School Golf Competition 2018!
https://twitter.com/i/web/status/997423302930063361
May 17, 2018, 03:25:26 AM
Website: https://www.poolofstake.io
Telegram: https://t.me/poolofstake
Whitepaper: https://www.poolofstake.io/wp-content/uploads/2017/12/PoolofStake_whitepaper_v9_30april.pdf
rating is not one of the best, I would be interested in knowing how they calculated such kind of rate.
Personally I would not give much importance to these rating services, lately I have seen many projects with a high rating that have become scam projects.
I trust the Pool of Stake dev team, they got an office in swizzerland and all the project are under FINMA regulation.
May 16, 2018, 08:27:59 AM
It is argued that one of the main benefits of Proof of Stake (PoS) over Proof of Work (PoW) blockchains is that the ones using PoS reach a higher degree of decentralization. Several studies have put in doubt if blockchain based projects are as decentralized as they presume to be. The centralizing effect of big Bitcoin mining operations is one of the cases that reinforce the idea of a lack of decentralization in cryptocurrencies. Here at Pool of Stake, we believe that one of the main factors that causes this unwanted centralization is the use of PoW algorithms to reach consensus. In the following text, we compare the level of centralization of validators in PoW and PoS blockchains by analyzing their geographical location. The PoW projects we analyze are Bitcoin and Ethereum and for PoS it is Stratis and PIVX. We describe each project briefly, and then mention where the biggest mining actors are concentrated for BTC and ETH, and where the network clients are located for PIVX and STRAT.
Read more at https://www.poolofstake.io/blog/pow-vs-pos-showdown-which-is-more-centralized/
Read more at https://www.poolofstake.io/blog/pow-vs-pos-showdown-which-is-more-centralized/
May 16, 2018, 08:13:47 AM
Website: https://www.poolofstake.io
Telegram: https://t.me/poolofstake
Whitepaper: https://www.poolofstake.io/wp-content/uploads/2017/12/PoolofStake_whitepaper_v9_30april.pdf
rating is not one of the best, I would be interested in knowing how they calculated such kind of rate.
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