Topic: Proof-of-work vs. Proof-of-stake (Read 209 times)
It's better to choose both, both of this two has their own cons and pro it depends on the situation of the market, in POW you can choose any coin to mine and hold it for a while then if the price suitable for your taste you can trade it anytime, the only cons of POW is, most of the miner dump their mined coin that can effect the market, while the POS stick only in one coin, so better to chose a good one to invest, now in POS it prevent the dump from the holder, you know why? because if you have that coin, you always look on the other side before you trade it.
Which do you prefer to mine? Which do you see being the most popular method of mining in the future?
PoW and PoS are ended in over-concentration on off-chain hardware and coin hoarding. If you really look out to the future pay attention at cryptocurrency startup TAUcoin. This startup introduced a new Proof-of-Transaction (PoT) consensus mechanism. PoT uses on-chain historical accumulated transaction fee to determine who can propose a new block. In PoT consensus, no advantage is given to accumulating wealth and hardware. PoT is used massive users' daily economical behavior and transactions to protect network security and grow the blockchain. 
https://bitcointalksearch.org/topic/m.45816300
I already wrote about this, you can read my post.
Both algorithms will be in the near future.
Everyone can choose what they want
I already wrote about this, you can read my post.
Both algorithms will be in the near future.
Everyone can choose what they want
Proof-of-stake was a really nice thing to do when the market was stable or in the bull state. Back then you could make large sums of money with really low input and relatively low starting cost (when a one bought the masternode requirement amount in the right time).
But now, proof-of-stake has this danger that a person who buys the masternode may be left a bag holder.
But now, proof-of-stake has this danger that a person who buys the masternode may be left a bag holder.
Best to mining MASTERNODE POS
It seems that current payback period of proof-of-work mining is too long.
If I would decide to start mining, I`d look into POS coins for obvious reasons: no need to participate in the arms race and no problems with energy consumption.
If I would decide to start mining, I`d look into POS coins for obvious reasons: no need to participate in the arms race and no problems with energy consumption.
If you have the right hardware for PoW, then go for it.
But at the current market, its not that profitable as it was in December 2017/January 2018.
But at the current market, its not that profitable as it was in December 2017/January 2018.
Which do you prefer to mine? Which do you see being the most popular method of mining in the future?
What are some of the best arguments for the success of each?
What are some of the best arguments for the success of each?
I personally prefer POS. Why? These are my reasons:
POS:
Uses the least amount of electricity versus all other forms of mining.
POS coins have fastest blockchains normally because of the POS mining system.
It uses the least amount of electricity.
It's the most profitable mining as you're only limited to the amount of coins that you can purchase, as you own more, your profits rise as well.
POS mining continues to your growth your wealth and amount of coins at the same time whereas miners break down and need maintenance.
I've personally made nice profits with POW mining, and will always run my miners. BUT, POS is honestly my favorite way of mining cryptocurrencies.
mimagneto
Which do you prefer to mine? Which do you see being the most popular method of mining in the future?
What are some of the best arguments for the success of each?
What are some of the best arguments for the success of each?
Best of all is mining MASTERNODE.
Which do you prefer to mine? Which do you see being the most popular method of mining in the future?
What are some of the best arguments for the success of each?
What are some of the best arguments for the success of each?
As far as staking is concerned, it uses way less energy to mine than using hardware. The cost to start is generally low and is infinitely less complex to get started. However, if you do not do your own research you are wasting your money. If you decide to stake a certain coin then your funds are locked up in that coin until you sell. If you are using hardware then at least you can switch to a different coin if you so choose. There is a lot to consider.
Which do you prefer to mine? Which do you see being the most popular method of mining in the future?
What are some of the best arguments for the success of each?
What are some of the best arguments for the success of each?
Jump to: