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Topic: POS Coins - Poll (Read 347 times)

member
Activity: 85
Merit: 10
June 13, 2017, 02:47:32 PM
#5
PoS coins don't require GPUs or ASIC miners, so they are much better in energy saving.

I agree with you mate. It is simple as that, POS is more environmental friendly compare to POW.

It isn't the end all algorithm, initial distribution is what is needed for PoS to work correctly on a network, you need many inputs for staking to be a healthy and a consistent part of the network.

In this time of Bitcoin & Altcoins people don't really dive into buying mining hardware as much as they once did and insist on getting free coins or buying coins from exchanges or ICO's since they can't mine due to the initial cost and constant cost of upgrading to newer hardware.

Remember satoshi's ideology about Bitcoin being mineable on normal everyday computers, well it is in the case of a gamer Cheesy (The GPU inside the Tower/Case) as GPU's can be used for more than just mining and can be reused when new algorithms come out, these days they are more energy efficient & memory hard than ever.
sr. member
Activity: 1666
Merit: 267
Earn bitcoins every hour, link below at signature.
June 13, 2017, 02:19:41 PM
#4
It seems to me that with the SONM project mining with PoW will be thing of the past, because the SONM proposal is to replace PoW mining with a totally new algorithm, and that will be like PoS IMO.

The SONM team has a strong community behind! SONM's ICO very soon! this weekend!
legendary
Activity: 1085
Merit: 1000
ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM
June 13, 2017, 10:11:44 AM
#3
PoS coins don't require GPUs or ASIC miners, so they are much better in energy saving.

I agree with you mate. It is simple as that, POS is more environmental friendly compare to POW.
member
Activity: 70
Merit: 10
June 13, 2017, 09:08:59 AM
#2
PoS coins don't require GPUs or ASIC miners, so they are much better in energy saving.
legendary
Activity: 1638
Merit: 1005
June 12, 2017, 12:55:31 PM
#1
What characteristic of Proof of Stake coins will most appeal to everyday people?

I'm gathering input on this topic and would appreciate any help you can provide. Think of explaining cryptocurrency to someone with no knowledge on the subject, and without a tech background. What would they find most appealing about POS coins?
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