FTFY
@Dr. Agon don't take it personally ,
PoS is better than PoW
PoW is more Shit than PoSProof of Work take prompts centralization, with more awful outcomes than PoS It would be ideal if you let me introduce this by saying PoW is a energy wasteful design compared to PoS.
It enables the system to waste altogether more assets in mining.
This is bad since it does require the vitality necessities of a little nation to keep up the system.
So, when it connects with this present reality and financial matters it is less superior to Proof of Stake.
Proof of Work depends on a numbers session of who has the most hashing force
and who is rich enough to afford the new mining eguipment on a ~yearly basis along with insane energy costs that require Utility approval
while proof of stake depends on the cooperation of multiple stakers in order to keep the chain moving and safeguarded.
One stipulation of PoS, be that as it may, is that the wallet must be on the web.
To be on the web, it requires assets (hardware, electricity, internet connection. & that specific PoS coin (either purchased or produced by PoW originally).
Assets have a true expense.
PoS doesn't expect you to battle with hashing power, with PoS , the coins per block battle for the right to stake, an energy/cost efficient way of determining the next block. PoS coin go dormant for a specified time period after staking , this gives its staking a fairness not included in PoW greedy & wasteful winner take all consensus.
Along these lines, bigger stakes, have better odds to be included in the next block than littler stakes.
However, due to the dormancy period little stakers still receive a chance to stake, especially if that PoS coin includes coin age which multiplies their little stake by the number of days since last staked, (meaning a little staker amount multiplied by age could easily exceed a large staker coin per block).
To delineate this reality, envision you have a PC in your home with 1 ETH and your neighbor has an indistinguishable PC setup in his home however with 2 ETH. The vitality requires to run the two setups are actually the equivalent and the overhead hardware are the equivalent so the expense to run every one of your mining activities is the equivalent. In any case, your neighbor has 2x chances you do since he has 2x more ETH. Since each square will offer a similar mining reward paying little heed to your stake estimate, the normal esteem (odds*payout) for every unit of ETH is the equivalent, you and your neighbor both have the equivalent expected EV. In any case, in light of the fact that those machines have an expense to run, their profitabilities are unique. Your neighbor has 1/2 the expense for every unit of generation, as you.
Your neighbor spent double the expense of getting two ETH instead of one, and since their costs of PoS coins were double , they receive double benefit.
The Main thing to remember in a PoS coin , the coins hold more value than the hardware.
Given the way that the bigger stake holder winds up with a bigger net revenue, as a normal financial specialist, he would keep a greater amount of the mined ETH to expand his generation capacity. So a bigger stake holder would develop his ETH stake quicker than a littler stake holder.
(Unless the bigger stake holder decided to spend a portion or all of his holdings to purchase something else he deemed valuable.)
(This is no different than any business that tries to gain marketshare in their early years, putting more back into the business than taking out.)In Contrast , a PoW Miner value is in the Energy Wasteful ASICS
He may sell all of his coins at all times and never decrease his ability to make more or keep his constant control of the PoW network ,
since his ASICS do not go dormant after finding a block like a PoS coin does.
Also a PoW Miner can mine multiple coins that use the same algorithm dumping whenever he likes,
while a PoS coin Staker has only the single coin and his entire investment is in it only, giving him a deeper interest in that single PoS coin than a PoW miner has.
IE: If Bitcoin dies tomorrow, PoW ASICS miners would just switch an alternate such a BCash.
In PoS, the expense of staking is easily maintainable, as stakers can leave a system offline for months , sync and then use coinage to stake in a few minutes and sell or hold their stake and repeat, over time getting a payout or increasing their stake to decrease the time needed for the next stake.
In Contrast, PoW users have to run their ASICS constantly as their performance/payout deceases per every 2 weeks,
by the end of a ~year, those ASICS are useless and entire new ASICS must be purchased.
Which puts them on a never ending hampster wheel of wasting energy & wasting money by constantly needing updated hardware and increased energy requirements. This would be ok if they were in a bubble, that had no effect of the rest of the world, but the sad harsh truth is their insane waste of electricity will affect your mother, father , brother, sister and friends, as their greed cause shortages and price hikes to those that can least afford it and have nothing to do with crypto.
Bitcoin Mining has been centrailized to Chinese Miners for over 2 years.
The Little guy can not complete with the Mega Rich that have warehouse of ASICS.
The Little Guy dropped out of PoW years ago, with no chance to mining to become wealthy.
In PoS , Smaller stake holders can gather as one and move the majority of their wallets to a focal administration at that point share all mined ETH and running expenses as it would diminish the per unit cost of the activity.
Which is no different than small bitcoin miners running pools to increase their chances of finding new blocks.
In Conclusion,
In PoW the coin holders themselves have no power and are slaves to the overlords that run the ASICS Warehouse,
praying their ASICS masters charge them a low fee to make transactions. In PoS, the coin holders themselves have all the power
and are free to make certain their transactions can not be blocked by an overwhelming authority figure.
** This is a Corrected Version of Dr. Agon Post from the previous page. (IMO) **
** Truthfulness added to correct Inaccuracies in the comparison of PoS & PoW.**