cawekun (OP)
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December 19, 2017, 10:23:32 PM |
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Looking at the top 10 coins, 5 out of 10 are not mineable.
New 3rd generation coins, like Cardano, is showing a trend.
Do you believe this is going to kill mining like we know it?
This is a honest question.
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dagarair
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December 19, 2017, 11:26:05 PM |
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yeah it will kill mining......
obviously you are not a miner.
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rumpel_tusk
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December 20, 2017, 12:04:53 AM |
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Looking at the top 10 coins, 5 out of 10 are not mineable.
New 3rd generation coins, like Cardano, is showing a trend.
Do you believe this is going to kill mining like we know it?
This is a honest question.
Mining will die eventually. Currently, it is the best way to secure a blockchain. PoS is catching up and improving but PoW completely discourages attacking the network. Until there is a protocol that is as bulletproof as PoW, it is here to stay.
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Tanhdoit
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December 20, 2017, 12:22:58 AM |
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Looking at the top 10 coins, 5 out of 10 are not mineable.
New 3rd generation coins, like Cardano, is showing a trend.
Do you believe this is going to kill mining like we know it?
This is a honest question.
Mining will eventually die out. PoS is more efficient, Eco-Friendly, and has much less carbon footprint. Honestly, I hope mining never dies out but I know it's a pipe dream. Technology is always advancing and eventually, PoW will become obsolete and things like Tangle (Iota), Delegate System (Ark, Lisk) and masternodes (Dash, Sys) will replace it.
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Moondoggie
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December 20, 2017, 02:48:59 AM |
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Probably not any time soon
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edwardceng
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December 20, 2017, 05:57:09 AM |
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Every time mining always grows to top not grow to bottom. IF a coin from POW to POS it's normal situations. Mining and are miners always exist.
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shibob
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Blockchain Evangelist.
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December 20, 2017, 08:54:58 AM |
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I think mining will still be there for few years. Actually PoS will be over PoW, but there's the big gap to fulfill in implement process. A lot of people said ETH will move to new phase PoS in Oct, then Dec, but yes, it's still just a plan.
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usd.dev
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✹✹ Fluxorin.io ✹✹
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December 20, 2017, 09:15:04 AM |
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I do not think that mining will ever disappear in modern reality. You can see that there are a lot of new coins with a high production rate (the reason is a little complexity) and if the project is intresting to the community you can earn a lot. At the moment I use Nvidia for mining Kalkulus, the extraction is very good (although to be honest I bought coins too).
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cawekun (OP)
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December 20, 2017, 03:22:21 PM |
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Interesting views. In the end, we never know. Maybe PoS will win, but security is very important.
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Deathwing
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Stultorum infinitus est numerus
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December 20, 2017, 03:24:39 PM |
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There will always be miners around until 2140 (estimated) and until all Bitcoin blocks are mined, there is no way denying it. It might not be GPU and just random ASIC mining farms but mining is mining.
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Tidsdilatation
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December 20, 2017, 03:42:58 PM |
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As long as crypto isn't perfected mining will exist. New technology almost always comes in the form of a new mineable alt coin. For example zk-snark.
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nerdralph
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December 20, 2017, 03:57:22 PM |
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Looking at the top 10 coins, 5 out of 10 are not mineable.
New 3rd generation coins, like Cardano, is showing a trend.
Do you believe this is going to kill mining like we know it?
This is a honest question.
More like 4 out of the top 10 are not mineable. All of the top 3 (BTC, ETH, BCH) you can mine. Ethereum was supposed to go PoS a year ago, so given the extent of the schedule slip, we could still be mining it in another year.
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eiracube
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December 20, 2017, 05:08:14 PM |
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Definitely not within the next several years
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Cronli
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December 20, 2017, 05:24:31 PM |
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Yes this is true, mining a the die
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juanichiloco
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December 20, 2017, 05:37:33 PM |
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It's a long way off dieing, there are always going to be new POW coins that can be mined so I don't see any issues for the next couple of years either.
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shimakun
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December 20, 2017, 05:51:15 PM |
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i do not think it is going to die as there is still profitabilityin some coinjs like monero and zcash for exampleif you have over 500hash per second mining machine you will break even daily with zcash or monero depend on the machine or hardware or gpu cpu you get and with what price you get them better try zcash now
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Bankincoins
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December 20, 2017, 06:00:31 PM |
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Proof of Stake is garbage. It's far less secure, unless it's a system where anyone can stake any amount. Mining also isn't wasteful, that narrative is stupid FUD.
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RentGPU
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December 20, 2017, 06:34:25 PM |
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Yea, only if cryptocurrency died first , mining is the mechanism that made all this possible , it's written in the bitcoin whitepaper POW is the way peer to peer became a reality , also i don't think any of POS or new way of proof will be better , security comes for a cost , energy is not wasted you pay it for the security of your coins which is real money.
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2016 GPU Miner
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Njeroe
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December 20, 2017, 06:40:43 PM |
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It is like dotcom bubble was, when the people will realize that the value of the coins are pure speculation and there is no real value behind them, it will die, but until then happy mining
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Blazarius120
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December 20, 2017, 06:48:40 PM |
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You're still safe for a couple more years at the very least.
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