Bitcoin Forum

I want miners opinion about PoW altcoins and non PoW altcoins, do you think that Proof of work projects are more reliable than other projects that people raised money for? Which is more likely to fail than the other? It seems IEO and ICO projects die faster than mineable coins, the only PoW coins that failed are bad from the beginning (shitcoins) what do you say.

You can't make bitcoin from the air... how much equipment you need to make a bitcoin? how much you need to make a luna? :D

To the moooooon

I say you're preaching to the choir. This is a mining forum so people here are interested in POW mining.
Ask this question in an ICO or POS or NFT forum and you'll get different opinions.

The answer is already in your post, so I am wondering why you are even versing the two.

Just look at the current market dump and tell me the shitcoins that are taking the hardest hit

yep, made lots of Bitcoins out of a thin air this week shorting by Luna  ;D

PoW is at least "fairly spread".  I know it requires hardware which limits people's ability to mine but tokens and ICOs IEOs or whatever else when you just give people bitcoin or eth to buy the token it breeds scamming.  Those tokens are created in minutes, promoted like hell then drop the project and move to the next.  Are there decent ones out there?  Maybe but nah no thanks.

I'm going to put it as simple as possible, PoW coins = legit, value from something, Non Pow coins = scam, value from nothing, 99.9% of non pow coins are scam.

POS = piece of shit

Valid point 😂

I tend to keep PoW coins more than other because they easily depend on Bitcoin, if Bitcoin is doing fine Ravencoin and Xec will do fine too, I have studied especially that Ravencoin, any little recovery from BTC this coin will also readjust in value too.

POS are basically a junk bond based on imagination. Also most pos have no real regulations.


I rather have a junk bond based on a company.  Ie in 1997 K-Mart issued 13% junk bonds.
Those bonds were honored basically because a real company with real regulations existed.
Also in the 1990's the biggest seller of guns in the USA was K-mart.

Honestly the biggest pos = USDT ,USDC ,BNB, XRP, BUSD

they are 3,4,5,6,7 and add to 74+52+47+20+18= 211bill

BTC+ETH add to 553+236=789 bill

so pow is winning 789 to 211

if eth switches

it turns to

553 to 447 pow to pos. top 7 coins

I see a fundamental alteration  if this happens and I think it means a crash for eth maybe the greatest crash ever.

OP asked if they're reliable projects.  Well which ever PoW you mine, it generates heat. If it generates heat between 80-90 degrees in a room you can germinate seeds fast and effectively. In result you can create transplanter blocks for local farmers while supporting a network mining blocks.
https://i.cbc.ca/1.4470377.1514925001!/fileImage/httpImage/image.jpg_gen/derivatives/original_1180/myera-group-greenhouse-ws.jpg
Sources:
https://www.cbc.ca/news/canada/manitoba/bitcoin-mining-greenhouse-fish-farm-1.4470295
or
https://www.washingtonexaminer.com/news/canadian-city-becomes-first-world-heated-bitcoin-mining
https://www.bctechnology.com/companies/MintGreen-Blockchain-Innovation-Corp.cfm

I don't know a single miner who will tell you that the POS algorithm is great. But mining is not becoming a home business, but a business for companies. This increases the centralization of mining and the cessation of small miners.

POS is centralized and can be controlled by some people but in other hand POW cant be controlled you cant print new coin from thin air.
Bitcoin or other any coin in POW is Decentralized, miners everyone on the world can join network which is perfect idea ever and these work cost gear electricity time.

Proof of Work is obviously superior.  Not just from a security standpoint, but also from a distribution standpoint.  It's also easier to see if there's real life support behind the coin, or just some rich people who spent some money and now want to get free coins forever from new entrants. 

That being said, there are times when Bitcoin level security isn't necessary and a smaller carbon footprint would be appreciated.  Also, once coins have had their initial distribution, PoW does lose one of it's talking points (fair distribution).  So I can see why there is a market for PoS chains, but they're obviously not as good as PoW, which is why they have other advantages like a smaller carbon footprint.

The solution is to mine asic-resistant coins like raven, flux, raptoreum. Unfortunately mining those is not as profitable as eth right now