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Topic: Masternodes/POS the future of mining? - page 2. (Read 1546 times)

sr. member
Activity: 1414
Merit: 254
from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.
That's right, since it's simple and just need a computer that can be live. But I often see the price of PoS coins easily destroyed in the market, possibly caused by big bag holders that can get the coins easily. It was one of the reasons why PoS is not liked even though it's easy.
hero member
Activity: 1540
Merit: 507
Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed
Only some of them look better in my view. This time i used sins and dash MN and so far i got no problem with it and i just take a month to get back my ROi from sins.
I bought them when it worth $1.45 and this time it has turned 3x from my initial rate to buy MN. But what about the rest?  Roll Eyes
full member
Activity: 788
Merit: 100
Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed
jr. member
Activity: 224
Merit: 2
mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.
That is why I believe that the future belongs to the masternodes and POS. This technology is more efficient and safer.
sr. member
Activity: 1246
Merit: 250
But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.
You are absolutely right. Miners can have the main profit at the start of the project, while the network has a small number of miners. And in POS coins you need to constantly increase the number of coins on your balance.
mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.
jr. member
Activity: 434
Merit: 2
Coinsbit.io
But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.
You are absolutely right. Miners can have the main profit at the start of the project, while the network has a small number of miners. And in POS coins you need to constantly increase the number of coins on your balance.
hero member
Activity: 2548
Merit: 769
There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.
But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.
hero member
Activity: 2366
Merit: 504
There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.
from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.
Not sure about that because if you are using one of them and that still has a chance to be a centralized system but POS is in demand right now consider about it's more conservative and fair to give a chance to the holders to get the benefits from the network rather than putting all of the POWER to the miners. Hybrid will be much preferable to be used by any platform in the future caused by it will create a stable ecosystem that will be decentralized. Both stakers and miners are securing the network at the same time.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.
from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.
full member
Activity: 1148
Merit: 132
Even Aion is moving to hybrid pow
full member
Activity: 770
Merit: 101
send and receive money instantly, no hidden costs
POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.
You are talking about potential risks for the POW. Yes this is so. But the main risk for POW and POS is the same: the dynamics of the price of a coin. In addition, the larger the mining company, the more confident it will be to remain in the saddle. In the end, this is the same oligarchy.
When POS is commensurate with POW reliability, the choice will be obvious. It is the matter of time.
full member
Activity: 1624
Merit: 163
There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.
sr. member
Activity: 1078
Merit: 310
I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...
You have a good thing to compare it both, hybrid system still get coin first on POW algorytm. When coin have enough to balance on wallet, then Coin going to change algorytm to POS. We still have a good hardware to do what you thing and same case with mining using POW as ussually.

I also think Blockchain technology is still an emerging technology and I'm sure there will be other sophisticated technologies that will be discovered or invented and that may incorporate masternodes / POS systems which could result to an efficient,effective and more secure hybrid network. Though I guess its still too early right now to arrive at that idea. Smiley
copper member
Activity: 840
Merit: 114
I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...
You have a good thing to compare it both, hybrid system still get coin first on POW algorytm. When coin have enough to balance on wallet, then Coin going to change algorytm to POS. We still have a good hardware to do what you thing and same case with mining using POW as ussually.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.
Please tell me how much money do you need to create such a mining rig that will bring you on the profit. Have you seen those big mining companies? When the difficulty is increasing a lot and that will reduce your reward and you need to put more and more rigs to make your profit from the network to be stable. Basically, to run a consensus already considered as an outdated system.
We need something that can create such a fair distribution.
Those big mining companies are riches that getting richer and look at how the domination in any POW blockchain has been dominating by them all.
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.
member
Activity: 854
Merit: 12
arcs-chain.com
POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...
full member
Activity: 1316
Merit: 104
CitizenFinance.io
There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
Cheaper way of doing things can't be overemphasized, thus with PoS using less energy it means more profit for miners. Also, ETH believes there will be more security by migrating to PoS consensus.
Nevertheless, I will wait it out and see how it goes because truly, investing huge to be able to mine isn't really a good idea.

More profit? are you joking with me? when there was a coin that used POS system and usually it will not implement POW system as long as the platform used the hybrid system that combined POS and POW. The reward of miners depend on the difficulty, block reward and hashrate power. if that was a POS consensus only and there will be no miners.
the blockchain being secured through distributing the hashrate power to the coin that can be used for staking.
Ethereum will migrate into the hybrid system and please read the latest WP carefully.
hero member
Activity: 2548
Merit: 769
There is one very significant drawback in the POS - this is when to generate new coins, you need to purchase or else where you can get a lot of coins. What makes the rich richer.
In some coins, several people hold the entire network and generate coins.
Simple users with a small amount of coins simply can not earn anything.

Unlike POW, where even the owners of processors on some algorithms can earn.
On the other hand, the coins that use PoS do not require large amounts of electricity and the miners do not have to sell their coins to pay for electricity. In addition, most coins are in stacking and this does not create pressure on the price.
The rich always become richer, same PoS or PoW or MN. In one way he buys equipment and in another way - he buy coins.
You are right about PoS but there is just one moment that breaks all the others.Most of "teams"/"developers" just selling coins from premine. I cant name new PoS projects with a real goal.
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