In my opinion it is POS becuase I think it is more user friendly than POW and it also need less power.User can also access for staking because its cryptocurrency is premined.
Topic: PoS vs POW (Which one would you like?) (Read 406 times)
I prefer Pow, because POW needs its own capital to be able to get coins, for example we have to buy rig mining equipment to get Bitcoin, and the gain is stable enough
if POS, I consider less challenging, PoS is also at risk of SCAM if the community begins to leave coin related
if POS, I consider less challenging, PoS is also at risk of SCAM if the community begins to leave coin related
Both POS and POW have their own advantages, but I prefer POS because the POS mechanism does not consume energy.
Although the POW mechanism may be more equitable, the distribution method is more reasonable.
Although the POW mechanism may be more equitable, the distribution method is more reasonable.
I like POW because they pass many years that there project are always on the line each ICOs Sale always successfully sold out with in on few months only!! Thats would i like POW!!
What about environment degradation? There were reports regarding usage of fossil fuels
to generate cheap electricity for btc mining.
Which itself is an alarming news and this kind of negative effects will eventually make
people believe that it's not worth it.
you might wanna read up this reporting how miners are causing serious threat for mother nature.
https://www.independent.co.uk/news/business/news/bitcoin-energy-use-coal-power-cryptocurrency-generation-server-farms-dirty-secret-china-mongolia-a8111666.html
I like POW because they pass many years that there project are always on the line each ICOs Sale always successfully sold out with in on few months only!! Thats would i like POW!!
Both have their own characteristics. But i think PoS is better than POW. Because i know some of my friend who connects with Pos and they told me this site is good.
Yeah both are good on their own way but POW needs a huge amount of electricity
and the craze making people use more electricity which is being wasted,that's the reason
i don't like this system over POS.
Both have their own characteristics. But i think PoS is better than POW. Because i know some of my friend who connects with Pos and they told me this site is good.
POS. POW just isn't practical if the coins are going to go main stream, the amount of electric being used is already obscene.
Very bullish on POS due to the low energy requirement and of course low budget requirement. I have a lot of masternodes up and running and also stake some coins. Its easier compared to mining.
This market now has both POS and POW based projects,and both of them have their own unique characteristics.
POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)
-Now, as a investor which one is your first choice and why?
-Which one is gonna be the winner in the long run?(I'm bullish on POS though).
POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)
-Now, as a investor which one is your first choice and why?
-Which one is gonna be the winner in the long run?(I'm bullish on POS though).
I like the concept of Proof of Work, its more rewarding. Miners earn more with the consensus Algorithm. Proof of work rewards automatically and requires non smart contracts protocols
They're both good and bad. PoW makes it easier to centralize mining power, so it can be a lot less efficient as a sybil protection measure but PoS faces a similar problem as well. PoS can be good if the team holds none of their own tokens, or nearly none(which is never or almost never that case with these projects as most of them are simply pump and dump money makers for the teams). And as long as the tokens are well distributed without a large concentration of tokens in one wallet. They can both be relatively power efficient depending on the consensus algorithm used, but PoS has an advantage in general.
POS is better dont need to spend any money for Mining-RIG
Exactly those mining rigs are pretty expensive and nearly impossible for the people starting for the first time.
POS is better dont need to spend any money for Mining-RIG
This market now has both POS and POW based projects,and both of them have their own unique characteristics.
POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)
-Now, as a investor which one is your first choice and why?
-Which one is gonna be the winner in the long run?(I'm bullish on POS though).
POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)
-Now, as a investor which one is your first choice and why?
-Which one is gonna be the winner in the long run?(I'm bullish on POS though).
I like the concept of Proof of Work, its more rewarding. Miners earn more with the consensus Algorithm. Proof of work rewards automatically and requires non smart contracts protocols
It's obvious that POS is better. POS might also increase the price of a token/coin because it increase demands for the coin, to be stake. Now I have tried to accumulate one altcoin to be use for staking in the future.
PoS is better because it consume less electricity.
Both are good in their production, in one case, the equipment necessary, in the other it is necessary to invest. Everyone choose their
Personally, I believe that the most secure solution for the future is PoS and PoW systems. However, this is already the most common approach. Many crypto currencies have a PoW stage, when the currency is issued through the payment to miners of new coins, and the PoS stage that comes after all the currency was released. Probably, most serious crypto currency will not abandon PoW - the mentality of Nothing-at-Stake is firmly in the heads of experts on crypto-currencies. However, PoS-systems will always be easier to implement and in addition to reliable in terms of security, as well as PoW-systems.
Very bullish on POS due to the low energy requirement and of course low budget requirement. I have a lot of masternodes up and running and also stake some coins. Its easier compared to mining.
In my opinion Proof of Stake has more chances. It is something closer to the human of future. Also it is a little bit more ecologically. So in logterm pos have all chances to beat pow. But not Bitcoin 
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