POW or POS? | Bitcointalksearch.org

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: serejandmyself on February 23, 2018, 07:25:59 PM

Hey guys, just wonder whether your coin choice depends nowadays on mining ways? What would you choose POW based coins or POS? I personally like POS algorithm and stake some strat and nebl, what about you?

PoW is fine when a coin is just getting up and running, but it surely can't be a final state for big coins.
So yes I definitely do take this into account when looking at coins.

I.Grozni

sr. member

Activity: 588

Merit: 286

Coinomi multi-coin HD wallet

It is commonly believed that POW consumes excessive energy. Many new altcoins use algorithms that do not consume too much energy, and many also use dualmining. The POW's advantage is that you invest in equipment that you can easily use for various coin mines, and you do not have to download several original wallets and complete block chains. You can also use a light wallet. POW coins immediately after they have been mined out, you can sell or exchange for another coin or FIAT money. POS requires you to use original wallets and download complete block chains. If you want to have a good day's profit you must also buy thousands of coins for the stake. You can not touch them in the meantime because you will not get your profit. POS coins are not flexible and you can not manipulate them in so many ways as with POW coins. My voice goes to POW.

Robin,Hood

member

Activity: 462

Merit: 62

Well everyone had there chance to "prove there stake" in the few hundred year old stock marked.

How much unnecessary gold is mined, street lights, count the phones with silly or trolling post, traffic lights slowing traffic at red pedestrian crossing no-one crossing, inefficient old appliances...................shit you could go on all day. Cars, man moving 10 times your body weight to go from A-B. Stop flying on holidays its wasting energy, dont shower unnecessary long, dont make color full clothes plain gray will do you are wast-full, dont go McDonalds, all the waste.... dont operate a bank with all the heating and lightning and moving money a to b.......
pow fastefull ? Grin

m3mbr44n

sr. member

Activity: 520

Merit: 260

I was wondering if there is anywhere a good explanation of the different POS-versions and their differences (need of 24/7 staking or not, etc.)?

Red-Apple

hero member

Activity: 1470

Merit: 655

i don't choose coins based on their mining algorithm. i choose them based on what i want out of them. if it is more money then all of them are options since all of them can get pumped.
but if it is technology then the choice is a little harder because i have to study how they work and what they offer, as in features. but mining doesn't come in anywhere here.

although i should mention that when it comes to the distribution model that different coins choose i prefer PoW and mining reward with no premine, flash mine,... rather then the "rich become richer" model of PoS.

Haley craft

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

Both mechanisms are common, but I personally prefer POS mechanism, because POW mechanism requires a lot of energy, but in my opinion, expend so much energy to mining digital currency is meaningless, so I'm more bullish on the POS mechanism.

Andalin

newbie

Activity: 33

Merit: 0

Both are good. i think POS is going to be more and more used over the next few years.
I still prefer POW because it is easier to switch coin. Grin

Brothersav

member

Activity: 182

Merit: 10

Quote from: serejandmyself on February 23, 2018, 07:25:59 PM

Hey guys, just wonder whether your coin choice depends nowadays on mining ways? What would you choose POW based coins or POS? I personally like POS algorithm and stake some strat and nebl, what about you?

Both 50/50 works for me. H.cash do this and it's great- a coin that's profitable for both the user and miner. Darico.io have a contract created that is an auto mining coin that generates coins for the user for 18 years. It's essentially a hybrid of pow and pos. worth a look (it's called a genesis account)

Trimegistus

legendary

Activity: 1564

Merit: 1027

I started with crypto 4 years ago, mining BTC.

Now, 90% of my assets are PoS with the exception of two ETH mining rigs.

PoS is a better solution for the home enthusiast, specially in countries where electricity is not for free.

mingbai8

jr. member

Activity: 58

Merit: 10

Is a very good consensus agreement, but now the most popular is DPOS.

Matrond

jr. member

Activity: 58

Merit: 1

I personally like Proof of Stake a lot more than Proof of Work. This is because PoS has the potential to reward many more individuals then PoW. It also requires the investor to put some 'skin' into the game which also helps the currencies market.

I just see PoW as a process which is environmentally damaging, too centralising and a plague on gamers who want to buy affordable GPUs :S.

Julunguul

member

Activity: 473

Merit: 11

Quote from: serejandmyself on February 23, 2018, 07:25:59 PM

Hey guys, just wonder whether your coin choice depends nowadays on mining ways? What would you choose POW based coins or POS? I personally like POS algorithm and stake some strat and nebl, what about you?

I myself am more interested in PoW because sometimes the tasks is clear there and also more convincing, for PoS own technique I think more like a lending program

BitcoinGuruOne

member

Activity: 364

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Proof of work is real problem for cryptocurrencies. Because mining requires so many power - it's can cause global warming. Iceland almost run out of power because of miners
http://www.telegraph.co.uk/news/2018/02/12/iceland-set-use-energy-mining-bitcoin-powering-homes/

serejandmyself

hero member

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Manager of looking busy #citizencosmos

The account was hacked between 29.01.2018 and 04.02.2019. All posts made during this period were not made by me.

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