Topic: 🔴🔴Which mining type is the best? Different types of mining🔴🔴 (Read 348 times)
What if Ethereum would mix PoS and PoW? What will happen?
September 11, 2018, 05:44:07 AM
What if Ethereum would mix PoS and PoW? What will happen?
September 10, 2018, 02:00:39 AM
What if Ethereum would mix PoS and PoW? What will happen?
September 08, 2018, 01:35:29 PM
What if Ethereum would mix PoS and PoW? What will happen?
September 07, 2018, 04:02:27 AM
In my opinion is better to mix these two techniques 
September 06, 2018, 03:04:17 AM
In my opinion is better to mix these two techniques
In my opinion is better to mix these two techniques
September 07, 2018, 09:05:12 AM
I would say physical world mining, I even installed app that promises this, but due to my poor health I'm not able to use it (I didn't even register account with them).
But I know that's not the answer you're looking for
Out of these three I prefer PoW.
But not any PoW - egalitarian PoW, meaning you can mine with your CPU, no special equipment required, so every person interested who own a computer (or even smartphone) can do this.
But I know that's not the answer you're looking for
Out of these three I prefer PoW.
But not any PoW - egalitarian PoW, meaning you can mine with your CPU, no special equipment required, so every person interested who own a computer (or even smartphone) can do this.
What do you prefer most to build profit: PoS or PoW?
ok, thanks for your comment 
You might want to read this topic https://bitcointalksearch.org/topic/list-consensus-algorithms-4776600
The list is still growing as more of consensus algorithm found. However, none are as proven as bitcoin PoW which could resist malicious attacks/forks for 8 years.
The list is still growing as more of consensus algorithm found. However, none are as proven as bitcoin PoW which could resist malicious attacks/forks for 8 years.
Which mining type do you prefer, which is the best for community?
Bitcoin choices are best so bitcoin one. Why? Because they are most conservative yet well thought-through which is needed for stable, reliable currency/store of value.
Mining has to stop and we need more efficient protocols, mechanisms, technologies to keep consensus in blockchain network.
POS is one of the ways but needs to be better for sure.
POS is one of the ways but needs to be better for sure.
How did you mine on PoS? do you really know what PoS is? Please read this Wiki https://en.bitcoin.it/wiki/Proof_of_Stake
PoS is proof of stake so, the more you have coins in your wallet the more you can generate coins unlike in PoW algo which you need a hardware before you can mine altcoin or bitcoin.
PoS is proof of stake so, the more you have coins in your wallet the more you can generate coins unlike in PoW algo which you need a hardware before you can mine altcoin or bitcoin.
POS is considered to be a form of mining. It's a wordplay of sort, since both POW and POS are used to validate transactions and both allow you to earn money on this validation, they are pout on the same level and sometimes referred to as POW and POS mining. For instance:
https://www.coinbureau.com/education/comprehensive-guide-pos-mining/
https://medium.com/novamining/main-differences-between-pow-and-pos-cryptocurrency-mining-c4cc279d9739
Thank you for your comment. I added information about HDD mining. Recently Apple and google have banned applications that were mining coins, that's why I did not mention it.
Have a nice day.
Have a nice day.
How did you mine on PoS? do you really know what PoS is? Please read this Wiki https://en.bitcoin.it/wiki/Proof_of_Stake
PoS is proof of stake so, the more you have coins in your wallet the more you can generate coins unlike in PoW algo which you need a hardware before you can mine altcoin or bitcoin.
I think it's better to remove cloud mining from the list to let newbies know that cloud mining is too risky and like the above said most of these are scam. Also, remove PoS because you can not use PoS on mining.
Anyway, I recommend ASIC miner because this is more profitable than GPU mining these days. You can refer to this link https://www.asicminervalue.com/ which miner is better and profitable.
PoS is proof of stake so, the more you have coins in your wallet the more you can generate coins unlike in PoW algo which you need a hardware before you can mine altcoin or bitcoin.
I think it's better to remove cloud mining from the list to let newbies know that cloud mining is too risky and like the above said most of these are scam. Also, remove PoS because you can not use PoS on mining.
Anyway, I recommend ASIC miner because this is more profitable than GPU mining these days. You can refer to this link https://www.asicminervalue.com/ which miner is better and profitable.
To begin with, you could have mentioned that phone mining can also damage the device as phones aren't made for heavy use and the batteries don't like being heated all day long by the other components. Phone mining at current state should be avoided not encouraged.
As for the cloud mining i'd say that all of these companies are scams. The difference is in the degree. Some are outright stealing your money, some are making sure that your contracts become unprofitable to get rid of you. With cloud mining companies you should be happy if you earn anything at all.
GPU and ASIC mining are not the only 2 options available. There are many other like CPU or HDD mining. There are also new FPGA projects.
It's not bad, but could use more detailed explanations. Good effort
As for the cloud mining i'd say that all of these companies are scams. The difference is in the degree. Some are outright stealing your money, some are making sure that your contracts become unprofitable to get rid of you. With cloud mining companies you should be happy if you earn anything at all.
GPU and ASIC mining are not the only 2 options available. There are many other like CPU or HDD mining. There are also new FPGA projects.
It's not bad, but could use more detailed explanations. Good effort
Hey guys! I've made an article about different types of mining with pros and cons of each strategie. Link here: https://blockchainmuffin.com/how-to-start-mining-cryptocurrency, and now I have a question to You guys: Which mining type do you prefer, which is the best for community?
Thanks for Your answers.
- PoS
- PoW
- Hybrid - PoS and PoW
Thanks for Your answers.
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