POW is based on hard iron real gear and the worlds electrical grid. It has Real infrasturcture.
and ETH is more likely to not go to POS than it is to go to POS because it is certain to fail if it goes POS.
Topic: Future of Mining on a PoS network (Read 564 times)
POW is based on hard iron real gear and the worlds electrical grid. It has Real infrasturcture.
and ETH is more likely to not go to POS than it is to go to POS because it is certain to fail if it goes POS.
Well the issue of all POS is POS = piece of shit
Seriously POS is simple a bond concept.
So buying any POS is the same as buying a bond from a real brick and mortar company.
With one exception the POS company has zero assets and is all digital.
POW is based on hard iron real gear and the worlds electrical grid. It has Real infrasturcture.
So I basically say a F all POS
and ETH is more likely to not go to POS than it is to go to POS because it is certain to fail if it goes POS.
Seriously POS is simple a bond concept.
So buying any POS is the same as buying a bond from a real brick and mortar company.
With one exception the POS company has zero assets and is all digital.
POW is based on hard iron real gear and the worlds electrical grid. It has Real infrasturcture.
So I basically say a F all POS
and ETH is more likely to not go to POS than it is to go to POS because it is certain to fail if it goes POS.
Quote
So Bitcoin is thought to maybe go PoS after...
Thought by who? Links to the sources of your speculation please...Certainly not by anyone who understands what Bitcoin is and what it brings to the table by using PoW. It will be a very cold day in Hades before Bitcoin is changed to PoS. More to the point -- applying the required fork means it would no longer be BTC and instead would become just another Piece Of Shit altcoin.
Bitcoin wont go PoS - I guess you're just posting this to get attention.
So Bitcoin is thought to maybe go PoS after Ethereum can prove the 'worthwhileness' of it's PoS network. Once PoS is fully implemented, does anyone foresee what will happen to all of us miners?
It's possible I don't understand things well enough about PoS. But from the many writings I've found, specifically of Ethereum's PoS implementation, is that mining will become obsolete. Doesn't that mean we're out of the picture?
Sounds like an awful idea. Who honestly cares that it takes X amount of power to run the network? Just my personal opinion there- but the real question here is if we are going to even exist in another couple years? If so, I imagine it will be mining some other altcoin.
It's possible I don't understand things well enough about PoS. But from the many writings I've found, specifically of Ethereum's PoS implementation, is that mining will become obsolete. Doesn't that mean we're out of the picture?
Sounds like an awful idea. Who honestly cares that it takes X amount of power to run the network? Just my personal opinion there- but the real question here is if we are going to even exist in another couple years? If so, I imagine it will be mining some other altcoin.
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