PoS vs POW (Which one would you like?) - page 2.

MDIPANJAN

newbie

Activity: 98

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Quote from: Sebas.tian on July 02, 2018, 10:26:02 PM

PoS is more energy consuming and is not the best option if we are talking about the limited resources that we have. That being said, PoW has more integrity compared to PoS, and for some reason, I value that more. Good thing though that technology is always evolving so there will come a time that we would create more powerful GPUs and mining will be more efficient.

You said POS more energy consuming but sorry i didn't get your point.How POw is more efficient over Pos?

Dr.Lecter

full member

Activity: 602

Merit: 134

i think POS (proof of stake) is better than POW (Proof of Work) , the simple reason is POS no need to spend alot of power to run blockchain network.

MDIPANJAN

newbie

Activity: 98

Merit: 0

Quote from: Alpha0One1 on July 03, 2018, 05:21:02 AM

I prefer PoS as it doesn't require a specialized hardware to stake your coins.
The only PoW coin that I like are CPU mineable coins - I'm currently mining Nimiq with a CPU since day one. Hopefully it will have good value in the future.

Yeah. but there are not many CPU mineable coins are available thhough.

HumberGuns

newbie

Activity: 46

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I prefere PoS because it's more eco-friendly.
PoW is where we started but we need to go forward.

Alpha0One1

full member

Activity: 588

Merit: 107

I prefer PoS as it doesn't require a specialized hardware to stake your coins.
The only PoW coin that I like are CPU mineable coins - I'm currently mining Nimiq with a CPU since day one. Hopefully it will have good value in the future.

hermanjones18

newbie

Activity: 308

Merit: 0

POS will be the best. POS is the future however not as the way conventional POS coins did it. POW is only a misuse of valuable vitality. Master nodes are a successful method to execute POS, a faster and viable approach to comprehend exchanges. Eth is using this pos. POS will reduce the problems of POW.

Sebas.tian

full member

Activity: 2100

Merit: 174

PoS is more energy consuming and is not the best option if we are talking about the limited resources that we have. That being said, PoW has more integrity compared to PoS, and for some reason, I value that more. Good thing though that technology is always evolving so there will come a time that we would create more powerful GPUs and mining will be more efficient.

HyperionXtech

copper member

Activity: 139

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HyperionX will be utilizing a hybrid between Proof of Stake and Proof of service. We will have our masternodes stake their token in order to verify transactions and create blocks. Our global list will be based on uptime. The longer a node has been on the list the greater the opportunity they will have of being asked to confirm a block. This will incentivize individuals stay online. To learn more visit HyperionX.org and check out our whitepaper.

MDIPANJAN

newbie

Activity: 98

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Thank you all for sharing your thoughts regarding these systems.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: MDIPANJAN on July 01, 2018, 02:54:24 AM

-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).

as an investor i care about profit and profit doesn't come from being PoS or PoW or PoN (proof of nothing Cheesy

). the profit comes from either one of the following:
1. a solid project that is actually a proper currency, is secure, is decentralized, has potential for long run, has limited and small supply,.... and a lot of other things. for this i can only choose bitcoin.

2. any project out there that can be pumped and dumped which is all the altcoins. it doesn't really matter at all whether it is a shitcoin or a good coin. a PoS or PoW or a combination or something new. it doesn't matter how much supply it has, how centralized it is,.... the pumpers don't care about these things they just pump the shit out of that shitcoin. for this you just have to have a good timing for entering and exiting these coins.

a31078

full member

Activity: 340

Merit: 100

I prefer the POS and I think it will become the best in the future because the hardware used in mining it is less expensive and has more vulnerability than the POW.

scoobidoobydu

member

Activity: 141

Merit: 10

In term of money, I like POW as I have couple of miners.
In term of holding, I like POS, as we can do POS and get stakes.
So I like both type.
If I have to choose 1, I will choose, POS, its nothing like getting money from doing nothing.

aleksnutis

member

Activity: 252

Merit: 10

I choose PoS, because this system doesn't require large expenditures of electricity and equipment, it is more scalable and perfect. No wonder the leading blockchain projects choose PoS: Etherium, EOS, BitShares, Tezos.

renes

sr. member

Activity: 532

Merit: 250

I actually like both pos and pow but at this time I don't think pow is the future for cryptocurrencies due to its disadvantages, pos is obviously better to me.

hdclover

hero member

Activity: 1106

Merit: 501

www.bitcoin.org

I like proof of work more then proof of stake because it is not secure than pos. POS also has some vulnerabilities. But POW consumes huge amount of power which is it's only downside.

MikeyVeez

full member

Activity: 896

Merit: 102

Both have advantages and also disadvantages.
Proof of Work is more safe, but requires a lot of energy.
Proof of Stake is good for holders, but it is something new and we have to test it.

tamango

full member

Activity: 602

Merit: 100

I prefer for sure POS because hardware used for mining POW is so expensive and cost a lot of electricity. I think development of POS is the future

MDIPANJAN

newbie

Activity: 98

Merit: 0

Quote from: Gogochen on July 01, 2018, 10:54:46 PM

I prefer the POS mechanism because it is more environmentally friendly.
The POW mechanism requires a large amount of power resources to excavate and may face 51% attacks.

The environment friendly is one of the most important point i guess, They're just using hell lot of a electricity
and producing a hell lot of heat which itself is a red flag.

MDIPANJAN

newbie

Activity: 98

Merit: 0

Quote from: makishart on July 01, 2018, 10:49:22 PM

Quote from: MDIPANJAN on July 01, 2018, 02:54:24 AM

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).

I will choose POS because it's more conservative than POW and remember there is a lot of way to make it even more decentralized soon. Remember there will be inflation if you are seeing about so many miners are dumping it anytime. POS has fixed supply and that's really fair in my opinion.

I couldn't be more agreeable with what you've said.And i think when there are few pools are generating most of the coins by POW
it hurts the idea of decentralization,those few pools are (https://bitcoinchain.com/pools) controlling the market which very much seems
like a centralized structure to me.

MDIPANJAN

newbie

Activity: 98

Merit: 0

Quote from: ElliottHe on July 01, 2018, 10:49:00 PM

PoS definitely for me, as I don't have the powerful workers like ASCI. Also it looks like PoS now attracts more and more research.

Yeah. I do like POS system as the hardware used for Pow mining is quite expensive.
I read that Ethereum devs are considering to start a POW & POS hybrid mechanism.

You might wanna read this article :

https://cointelegraph.com/news/ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues

Topic: PoS vs POW (Which one would you like?) - page 2. (Read 406 times)