Bitcoin Forum

This market now has both POS and POW based projects,and both of them have their own unique characteristics.

POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)

-Now, as a investor which one is your first choice and why?

-Which one is gonna be the winner in the long run?(I'm bullish on POS though).

POS is the future but not as the way traditional POS coins did it. POW is just a waste of precious energy.
Masternodes are an effective way to implement POS, a quicker and effective way to solve transactions.
Ethereum is also said to be working on an improved version of POS.

Yeah. I agree with you,most of my holdings are POS.

My understanding is that:

In POW, getting the right answer is very hard and expensive, and you get rewarded for getting it.

In POS, getting the right answer is very easy, but getting the wrong answer is very expensive, because you get punished for getting it.

POW rewards doing the right thing.

POS punishes doing the wrong thing.

I think POS and POW have their own advantages.
Then, both POS and POW have many excellent tokens. It is important to select excellent tokens rather than to consider the mechanism. ;D

I have couple of shit POW long term coin that I think it will be benefit sometime in long future. All the rest are POS. Most of them are POS. My reason is simple, not because of the energy wasting (because thats part of the game, you run the system, you spend the energy), I hold POS coin because I can get stakes, its always good to see the money gave birth to its child (although sometime its only raise the number of your coin, not the dollar value)

PoW is what miners do. It's like "cracking the password of the last block". Because each last block has a password of sorts, if you can show what that password is to other miners, you've proven that you've done "work" since it requires effort to crack passwords. The difficulty of the password is automatically adjusted to make keep the "password cracking" at a fixed rate (10 min bitcoin, 12 seconds ETH)

PoS is Proof Of Stake - it's like saying, "pretend I've cracked the password because I can prove I own a lot of ETH so I could've bought mining equipment and actually cracked it if I wanted to". It's like a virtual mining of sorts.

PoS definitely for me, as I don't have the powerful workers like ASCI. Also it looks like PoS now attracts more and more research.

I will choose POS because it's more conservative than POW and remember there is a lot of way to make it even more decentralized soon. Remember there will be inflation if you are seeing about so many miners are dumping it anytime. POS has fixed supply and that's really fair in my opinion.

I prefer the POS mechanism because it is more environmentally friendly.
The POW mechanism requires a large amount of power resources to excavate and may face 51% attacks.

Yeah. I do like POS system as the hardware used for Pow mining is quite expensive.
I read that Ethereum devs are considering to start a POW & POS hybrid mechanism.

You might wanna read this article :

https://cointelegraph.com/news/ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues

I couldn't be more agreeable with what you've said.And i think when there are few pools are generating most of the coins by POW
it hurts the idea of decentralization,those few pools are (https://bitcoinchain.com/pools) controlling the market which very much seems
like a centralized structure to me.

The environment friendly is one of the most important point i guess, They're just using hell lot of a electricity
and producing a hell lot of heat which itself is a red flag.

I prefer for sure POS because hardware used for mining POW is so expensive and cost a lot of electricity. I think development of POS is the future

Both have advantages and also disadvantages.
Proof of Work is more safe, but requires a lot of energy.
Proof of Stake is good for holders, but it is something new and we have to test it.

I like proof of work more then proof of stake because it is not secure than pos. POS also has some vulnerabilities. But POW consumes huge amount of power which is it's only downside.

I actually like both pos and pow but at this time I don't think pow is the future for cryptocurrencies due to its disadvantages, pos is obviously better to me.

I choose PoS, because this system doesn't require large expenditures of electricity and equipment, it is more scalable and perfect. No wonder the leading blockchain projects choose PoS: Etherium, EOS, BitShares, Tezos.

In term of money, I like POW as I have couple of miners.
In term of holding, I like POS, as we can do POS and get stakes.
So I like both type.
If I have to choose 1, I will choose, POS, its nothing like getting money from doing nothing.

I prefer the POS and I think it will become the best in the future because the hardware used in mining it is less expensive and has more vulnerability than the POW.

as an investor i care about profit and profit doesn't come from being PoS or PoW or PoN (proof of nothing :D). the profit comes from either one of the following:
1. a solid project that is actually a proper currency, is secure, is decentralized, has potential for long run, has limited and small supply,.... and a lot of other things. for this i can only choose bitcoin.

2. any project out there that can be pumped and dumped which is all the altcoins. it doesn't really matter at all whether it is a shitcoin or a good coin. a  PoS or PoW or a combination or something new. it doesn't matter how much supply it has, how centralized it is,.... the pumpers don't care about these things they just pump the shit out of that shitcoin. for this you just have to have a good timing for entering and exiting these coins.

Thank you all for sharing your thoughts regarding these systems.

HyperionX will be utilizing a hybrid between Proof of Stake and Proof of service. We will have our masternodes stake their token in order to verify transactions and create blocks. Our global list will be based on uptime. The longer a node has been on the list the greater the opportunity they will have of being asked to confirm a block. This will incentivize individuals stay online. To learn more visit HyperionX.org and check out our whitepaper.

PoS is more energy consuming and is not the best option if we are talking about the limited resources that we have. That being said, PoW has more integrity compared to PoS, and for some reason, I value that more. Good thing though that technology is always evolving so there will come a time that we would create more powerful GPUs and mining will be more efficient.

POS will be the best. POS is the future however not as the way conventional POS coins did it. POW is only a misuse of valuable vitality. Master nodes are a successful method to execute POS, a faster and viable approach to comprehend exchanges. Eth is using this pos. POS will reduce the problems of POW.

I prefer PoS as it doesn't require a specialized hardware to stake your coins.
The only PoW coin that I like are CPU mineable coins - I'm currently mining Nimiq with a CPU since day one. Hopefully it will have good value in the future.

I prefere PoS because it's more eco-friendly.
PoW is where we started but we need to go forward.

Yeah. but there are not many CPU mineable coins are available thhough.

i think POS (proof of stake)  is better than POW (Proof of Work) , the simple reason is POS no need to spend alot of power to run blockchain network.

You said POS more energy consuming but sorry i didn't get your point.How POw is more efficient over Pos?

In my opinion Proof of Stake has more chances. It is something closer to the human of future. Also it is a little bit more ecologically. So in logterm pos have all chances to beat pow. But not Bitcoin ;D

Very bullish on POS due to the low energy requirement and of course low budget requirement. I have a lot of masternodes up and running and also stake some coins. Its easier compared to mining.

Personally, I believe that the most secure solution for the future is PoS and PoW systems. However, this is already the most common approach. Many crypto currencies have a PoW stage, when the currency is issued through the payment to miners of new coins, and the PoS stage that comes after all the currency was released. Probably, most serious crypto currency will not abandon PoW - the mentality of Nothing-at-Stake is firmly in the heads of experts on crypto-currencies. However, PoS-systems will always be easier to implement and in addition to reliable in terms of security, as well as PoW-systems.

Both are good in their production, in one case, the equipment necessary, in the other it is necessary to invest. Everyone choose their

PoS is better because it consume less electricity.

It's obvious that POS is better. POS might also increase the price of a token/coin because it increase demands for the coin, to be stake. Now I have tried to accumulate one altcoin to be use for staking in the future.

 I like the concept of Proof of Work, its more rewarding. Miners earn more with the consensus Algorithm.  Proof of work rewards  automatically and requires non smart contracts protocols

POS is better dont need to  spend any money for Mining-RIG

Exactly those mining rigs are pretty expensive and nearly impossible for the people starting for the first time.

They're both good and bad. PoW makes it easier to centralize mining power, so it can be a lot less efficient as a sybil protection measure but PoS faces a similar problem as well. PoS can be good if the team holds none of their own tokens, or nearly none(which is never or almost never that case with these projects as most of them are simply pump and dump money makers for the teams). And as long as the tokens are well distributed without a large concentration of tokens in one wallet. They can both be relatively power efficient depending on the consensus algorithm used, but PoS has an advantage in general.

But you need a very big electricity and big mining rig to be profitable. PoW will become out of date system.  Remember this is almost 10 year from the bitcoin's first mining and it has been consuming 0.1 electricity from the total electricity consume around the world.

Very bullish on POS due to the low energy requirement and of course low budget requirement. I have a lot of masternodes up and running and also stake some coins. Its easier compared to mining.

POS. POW just isn't practical if the coins are going to go main stream, the amount of electric being used is already obscene.

Both have their own characteristics. But i think PoS is better than POW. Because i know some of my friend who connects with Pos and they told me this site is good.

Yeah both are good on their own way but POW needs a huge amount of electricity
and the craze making people use more electricity which is being wasted,that's the reason
i don't like this system over POS.

I like POW  because they  pass many years that there project are always on the line each ICOs Sale always  successfully sold out with in on few months only!!  Thats would i like POW!!

What about environment degradation? There were reports regarding usage of fossil fuels
to generate cheap electricity for btc mining.
Which itself is an alarming news and this kind of negative effects will eventually make
people believe that it's not worth it.
you might wanna read up this reporting how miners are causing serious threat for mother nature.

https://www.independent.co.uk/news/business/news/bitcoin-energy-use-coal-power-cryptocurrency-generation-server-farms-dirty-secret-china-mongolia-a8111666.html

Both POS and POW have their own advantages, but I prefer POS because the POS mechanism does not consume energy.
Although the POW mechanism may be more equitable, the distribution method is more reasonable.

I prefer Pow, because POW needs its own capital to be able to get coins, for example we have to buy rig mining equipment to get Bitcoin, and the gain is stable enough
if POS, I consider less challenging, PoS is also at risk of SCAM if the community begins to leave coin related

In my opinion it is POS becuase I think it is more user friendly than POW and it also need less power.User can also access for staking because its cryptocurrency is premined.