Which one is better? PoW vs PoS? Discussion - Mining - CryptoTalk.Org Jump to content
xBDT Script

Which one is better? PoW vs PoS? Discussion

Recommended Posts

Both the process PoW and PoS are different has their own benefits. This is not a debate though. Let me share some insights which is my personal observation. I may be wrong as well because I am not much into these mining activity.

Cost Effectiveness-
In term of mining cost, PoW required a lot of equipment as well as a lot of electricity is consumed in the mining process. On the other hand, in PoS system, you don't need much equipment and the electricity is not much needed as proportion with PoW.

Waste of resources-
In PoW, a lot of miners try to solve puzzle at once to get the block reward but not everyone gets it, but everyone has the cost of electricity, electricity is wasted here. On the other hand, with PoS, depending on your stake weight, algorithm will choose a random node. So, not much resource is being wasted here.

There are a lot of reasons where PoW is good but PoS is not, and vice versa. Feel free to share some more basic differences between both these.

Edited by xBDT Script

Share this post


Link to post
Share on other sites
2 hours ago, Iv4n said:

Now mining equipment can be expensive, add to that electricity, and you will have some big expenses before you get first coins. Depending on mining equipment there will be some ROI, so you will have to keep that miners running for months before you get in some profit, all that time you will need to pay for electricity from your own pocket.

PoS is easier, all you need is a wallet and of course starting investment in coins. You fill your wallet with those coins and that`s it. Some wallets stake even offline, while some asks for wallet to run in order to stake.

About decentralization nature of PoW, I agree that's true although there are a lot of debates on it that PoW is not that decentralized as people speculate it.

But have you noticed that we are wasting a lot of our resources with PoW? You may or may not get block reward but you have to continue, a lot of people will try and one will get which wastes the other resources used by miners who don't get reward, in PoS, it's not happening.

I am not really aware of offline wallet staking, please name some. I would appreciate.

2 hours ago, alther said:

PoS production can sometimes reach billions of coins which can make the price drop. Unlike PoW which generally limits the number of coins so that the impression is limited.

PoS doesn't mean that the supply of the coins will be limited, there are a lot of PoS coins with limited supply. It depends on the creator of a coin.
 

Share this post


Link to post
Share on other sites

The problem with small stacking coins is that the most time they loose very fast their price. I use to keep some stacking coins ,most of them in stacking pools and not in my wallet.

Share this post


Link to post
Share on other sites

I think POW is better. Because Pow is well-tested and used in many cryptocurrency projects. The PoS algorithm provides for a more scalable blockchain with higher transaction throughput, and a few projects have adopted it.  And it's less secure than the completely decentralized Pow algorithm.

Share this post


Link to post
Share on other sites

For about this I chose POW over POS. POW is better because income from mining is more certain than POS. Unfortunately POW is very difficult at this time, and POS costs cheaper than POW.

Share this post


Link to post
Share on other sites

I still think that POW is better than POS, the only difference is that for POS you will only get coins if you store your coin wallet, but for the process both POS and POW need a device that is active 24 hours to be able to process transaction blocks

Share this post


Link to post
Share on other sites

And to complicate matters, the generals are so far apart that messengers are required to deliver communications between them, and one or more generals may also be traitors.

Share this post


Link to post
Share on other sites

in 2015-2016 PoW coins and PoS coins were very popular. i always mined PoW coins that its wallet is supported to stake it. but since ICO goes hype, it's hard to find this kind of coins. there were ICO everywhere.

Edited by I-KUN

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Сообщения

    • Конечно, способов и схем у мошенников огромное количество и попадаются такие схемы, что даже бывалые не сразу соображают, где скрыт подвох. Например в одной рассылке видел схему под названием "Продаем любые сайты без их хозяев и получаем за это деньги". Оказался чистый развод - помогло описание схемы на одном блоге. Могу посоветовать не пренебрегать читать отзывы о схемах мошенников на независимых блогах и форумах. И вообще сразу поискать инфу, если возникают подозрения. 
    • Too bad, I think people should come off thinking that profits cannot be made in cryptos except there are ATHs. The waves of regulations sweeping the cryptoworld, is a cog in the machine of the industry and it's likely going to be sometime before things are back the way they used to be. People should adopt new trading strategies and not hold all their coins indefinitely.
    • Жалко , что данная акция уже закончилась, сам абузил эту схему и благодаря автору смог неплохо-так выйти в профит. Пришлось ,конечно, заморочиться, но 120$ стоили того. Схема рабочая и советую подобные схемы именно абузить.
    • Cryptocurrency absolutely can help to dramatically reduce poverty. I think it is a more complex issue than what crypto is designed for, but there is no question that it opens up possibilities that have not existed in any other sector before. From instant access via cell phones that literally everyone can have access to, to the instant-nature of organizations that could fund helpful projects anywhere at less time and cost, crypto's primary best purpose is to spread potential and assistance to people who need it the most. This is what I would like to see more than anything, is crypto helping to transform needy societies.
    • After reading your post, I know a lot. It means that I was deprived of the fact that I did not know about this matter. You have said a lot of hope and understanding after reading this topic.  There may be a lot of difficulty I might as well be interested,,,
    • This is one the major reason affecting the pump up Bitcoin and the rest,this is not a good news,and I hope the effect won't be too much.
    • А стоит ли это вообще этого количества сатош?  Просто майнер в браузере способен не хило так нагрузить систему и вкладки будут грузиться год )))   
    • Ребят кто нибудь выводил с данного проекта. И долго ли нужно копить минимальный вывод и приходит ли вообще. Просто есть ли смысл туда заходить
    • да, очень удобно. еще бы он процент начислял, цены бы ему не было))) Но увы, это не сбербанк. А так, да, очень удобно. я теперь всегда убираю в банк от слива подальше, беру  игру маленько и кручу по чуть чуть
    • В этом году мы наблюдали цену битка 3к и при этом сеть жила. Я думаю что китайцы никогда не отключат свои асики. Возможно пока все думают какой резервной валютой заменить доллар они скупают биток? Но об этом мы можем только догадываться. А медвежий тренд закончится только тогда, когда киты захотят продать часть своих активов по высокой цене. Я уверен что быки и медведи это одни и те же люди. А мы хомячки от которых ничего не зависит. 
×
×
  • Create New...