Topic: **Edited** (Read 121 times)
I personally don't like the idea of proof of stake. In proof of stake a miner can mine depending upon the amount of coins he holds. It is noy a good thing for the new miners.
PoW is a protocol which has the goal to prevent the cyber-attack like a distributed denial of service attack which exhausts the resources of the computer by sending fake requests. But PoS is a different way to validate transactions based and achieve the distributed consensus. In this PoS system there will be no block reward so the miners will take the transaction fees. Thus PoS will help miners as it will save energy and will build a safe network to protect computer from fake requests.
If worker gets good work environment they put their best for this reason per unit production cost will decrease which every managers want.
It will effect miners negatively but eth will not instantly close mining only the reward will reduce initially so both models will be active or we can say there will be a hybrid model active for many months before complete switching to pos, miners can still survive by switching to other pow coins but personally i was also fan of mining eth only.
working with POW, the miners who solve each block will receive reward. But, incase of POS the miners receive transaction fees. But if you get shifted from POW to POS, you'll get to work with currencies which are very much cost effective. So, this is how the miners are getting affected with it.
**Edited**
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