PoW to PoS question - page 2. | Bitcointalksearch.org

Trela

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

You don't need to care that! Ethereum is just an Altcoin in the cryptocurrency world, we still have many cryptocurrencies using the PoW algorithm, included Bitcoin.

Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

Maybe many miners will sell their GPU to get back their investment. Instead of worrying about that, why you don't be happy you can buy cheap GPU from them? Besides that, ETC, XMR, or ZEC are the best alternates crypto of Ethereum for GPU mining.

Duncan.Idaho

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LIST from long ago.
https://minkiz.co/coin/cmcap-pos

kesmex

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

POS is more convincing now, just look at big projects like Ethereum will leave POW and switch to POS, because POS is really liked by investors and users, many coins do staking programs, like XTZ and Waves, if Ethereum has a staking program it will be interesting

iamsange

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POW and POS, Both will be good if have good developers. No matter what coin is because in past there are a lot of POS coin which is not good. Maybe for ETH, it will be good but not means trend will change because only from 1 coin.

bgaf

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Proof Of Work has the best mechanism out there period. Ethereum is a nice platform the decision by the team to transfer to POS does it mean that PoW has been surpass by PoS since they have different purpose for their platform. I guess eth decision is likely coincide with them since they becoming slow as network often congested and scalability has been affected with it. Good thing lighter consensus such as PoS can help eth decrease their problem with it.

mrdeposit

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Quote from: zulfi125 on January 13, 2020, 06:00:47 AM

No doubt POW is losing popularity, and most of the projects are shifting to POS like Ethereum and the new coming project also adopting POS because POS is easy to mine and no need more power, and everyone can easily take POS.

I do not think eth is going to switch to pos because of popularity. Is not that just more appropriate in the present situation? Mine with only the required amount without the need for any power or rig. In addition, this causes more people to keep the coin in the wallet instead of selling and this reduces sale orders.

Xcode7

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

This is just a matter of taste, what I see here is not to turn off POW POS, although POS does have some advantages, I think like this, there will be no POS if there is no POW, there is a POS because updating is not yet in POW. And I am sure, the POS here is not to turn off POW, because the blockchain is too dear if it is turned off because of its longevity.

asriloni

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Quote from: vicoma on January 13, 2020, 12:30:26 AM

PoW cannot be totally discarded or remain redundant like that. It is even too early to conclude that one has advantages over another because of Ethereum shifting to PoS. Blockchain technology is still young and let's wait and see how all these things will play around in the coming years.

Isn't it enough to saying that if POS has more advantages compared with POW in term of the energy and resources consumption? Ethereum will not even migrate to the POS if that was not offering a lot of advantages too. Let's assume of both are having advantages and disadvantages.

Quote from: betty11 on January 13, 2020, 02:07:45 AM

POS just reward the richest and this can be determined which is like a centralized way of wealth distribution, but POW distribute wealth fairly to a specialized miners who have a consistence dedication of their equipment to the project and this us random and no can determine this reward distribution.

Isn't it also POW only rewarded the big miners? Remember the small one will always lose the domination and rather adding more and more GPU and it's better to make the token at least becomes more useful to the buyers.

Quote from: zulfi125 on January 13, 2020, 06:00:47 AM

No doubt POW is losing popularity, and most of the projects are shifting to POS like Ethereum and the new coming project also adopting POS because POS is easy to mine and no need more power, and everyone can easily take POS.

POS is not a mineable token and remember this.

forumalacali

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

continue to multiply !! investors invest more money..

this reminds me of dat-com

zulfi125

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No doubt POW is losing popularity, and most of the projects are shifting to POS like Ethereum and the new coming project also adopting POS because POS is easy to mine and no need more power, and everyone can easily take POS.

CjMapope

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

oh man, just WAIT Cheesy

you ask an interesting question that i dont think many people have thought about
ETH currently has MILLIONS of GPUs on it, where does everyone think that hash is gonna go? it wont shut off, most people are priced in and over-invested
it will go to ANY other PoW coin, and their ALL gonna get SLAUGHTERED : / PoW will be effectively ded once ETH ends it imo
The hypers will say "PoS is the future", something others have been saying for years, and it's gonna be crazy times for those moving too slow that get caught up still hodling PoW coins

o48o

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

*snip*
Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

This is a question i've tried to figure out myself. I've tried to ask eth miner friend of mine and even he is not sure yet. He just wants profits and goes to anything that gives most at the time. This question might be best pointed to mining subforum.

betty11

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POS just reward the richest and this can be determined which is like a centralized way of wealth distribution, but POW distribute wealth fairly to a specialized miners who have a consistence dedication of their equipment to the project and this us random and no can determine this reward distribution.

VeeTeaSee

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when ETH make full transition into POS, a lot of the power will go to ETC
the hashrate of ETC already growing strongly in the last months
i beleive that it will keep growing and then explode when ETH finally move to POS
(if they do)
because thet are moving to pos for years now lmao and zero progress, it feels like they just began everything from the beginning lately when they started to copy from Cardano without any credit ..

vicoma

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PoW cannot be totally discarded or remain redundant like that. It is even too early to conclude that one has advantages over another because of Ethereum shifting to PoS. Blockchain technology is still young and let's wait and see how all these things will play around in the coming years.

Aabcde

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As long as bitcoin still uses PoW, I don't think PoW will lose its popularity because the king still uses that method.
It's just a matter of strategy in my opinion to popularize their respective coins. No one can match the popularity of bitcoin even eth.

VanDeinsberg12

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Quote from: cryptokangaroo on January 12, 2020, 07:36:03 PM

Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

1. Yes, it is caused by more and more platforms are looking for the more conservative energy and to change the consensus from POW to the POS is the answer for that.
2. There is no, as so many hashrate power will be distributed into the remaining POW coins in the market. I expect there will always be a lot of coins are still using POW in the future. even with POS movement of ethereum and that will not give a lot of impacts. But those POW coins will be more difficult to be mined as a big hashrate that will be distributed from ethereum to another blockchain that used POW consensus.
3. In my prediction is so many of them will to the cryptonight coin just like XMR and many more.
About your last question and the answer is it will not.

Dickiy

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I think POW will not lose its popularity because every project has the right to switch to POS for certain reasons and vice versa, with POW putting capital into tools and contributing to programming languages and POS saving capital on devices a little sacrificing on tools only sacrificing time

oscarftw

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Why you think POS is popular than POW. This isn't means popular that Ethereum is changing POS. This is for future plans and token supply. Suppose Bitcoin, Ripple, BitcoinCash or Litecoin has maximum supply so this project doesn't support POS where Ethereum is totally opposite.

cryptokangaroo

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Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry

Is there going to be a lot of hash (computational) power idle because of shifting to PoS? Sad

Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc? Cheesy

Topic: PoW to PoS question - page 2. (Read 346 times)