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Title: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: TitanProject1 on August 09, 2019, 09:44:42 AM Until now, I have always wondered why more of new blockchains are choosing PoS over PoW. After a little research on the internet and reading articles about Proof-of-stake, I came to know that PoS consumes much less energy as compared to PoW, because of its stake-based mining phenomenon. Since I have recently invested in Titan coin, which uses hybrid PoS consensus, I am trying to learn more about this mining mechanism. What all you have to say about it?
Title: Re: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: turkandjaydee on August 09, 2019, 11:12:07 AM I think the big reason is energy costs. PoW costs too much energy because miner competes for each other just to get the bitcoin prize. The faster the computer they use, the higher they will get the prize, but it will cost much more energy and that has a very big impact on our society.
This is not worthy at all. Solar energy mining could be the solution but miners need to invest much more money for the installation fee and make sure it can run for a very long time so they will be able to get ROI. Title: Re: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: aprilnot on August 09, 2019, 01:02:43 PM POS is more profitable for investors because they only need to have more coins to get a bigger profit. different from POWs which require electricity and maintenance costs. POS is also far more environmentally friendly than POW.
Title: Re: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: Rohtox on August 09, 2019, 02:03:26 PM in my opinion, PoS is more Eco-friendly and we don't need any much more energy (electricity, Hardware Resources, etc) to get more Coin
Since I have recently invested in Titan coin, which uses hybrid PoS consensus, I am trying to learn more about this mining mechanism. What all you have to say about it? So you are also Titan Project Investor? I thought you are part of development teams since I saw you are the bounty manager of TitanCoin Bounty campaign. Title: Re: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: sisterchristian on August 09, 2019, 09:48:34 PM Until now, I have always wondered why more of new blockchains are choosing PoS over PoW. After a little research on the internet and reading articles about Proof-of-stake, I came to know that PoS consumes much less energy as compared to PoW, because of its stake-based mining phenomenon. Since I have recently invested in Titan coin, which uses hybrid PoS consensus, I am trying to learn more about this mining mechanism. What all you have to say about it? First, pos is not mining. pos is staking - big difference plus 90% of scam coins, yours included use the same dash/pivx clone - - - easier to make money and run away from the project. Title: Re: Until now, I have always wondered why more of new blockchains are choosing PoS Post by: shinratensei_ on August 09, 2019, 11:15:14 PM Energy cost is the main problem that has been thinking by the majority of platforms that are using POs, but that's only the reason. It may be those pos platforms are looking for a way to give incentive to the holders and put it in a more important position compared with investors.
This time all of the projects are choosing POS to consider it can bring at least a use case for the token. I discovered you as titan coin shill or maybe not. :o ::) |