Bitcoin Forum
May 01, 2024, 11:35:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: PoS vs POW (Which one would you like?)  (Read 367 times)
X-ray
Hero Member
*****
Offline Offline

Activity: 2856
Merit: 520


Leading Crypto Sports Betting & Casino Platform


View Profile
July 11, 2018, 02:50:14 AM
 #41

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).

 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
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 PoW will become out of date system.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.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
1714606548
Hero Member
*
Offline Offline

Posts: 1714606548

View Profile Personal Message (Offline)

Ignore
1714606548
Reply with quote  #2

1714606548
Report to moderator
1714606548
Hero Member
*
Offline Offline

Posts: 1714606548

View Profile Personal Message (Offline)

Ignore
1714606548
Reply with quote  #2

1714606548
Report to moderator
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714606548
Hero Member
*
Offline Offline

Posts: 1714606548

View Profile Personal Message (Offline)

Ignore
1714606548
Reply with quote  #2

1714606548
Report to moderator
1714606548
Hero Member
*
Offline Offline

Posts: 1714606548

View Profile Personal Message (Offline)

Ignore
1714606548
Reply with quote  #2

1714606548
Report to moderator
1714606548
Hero Member
*
Offline Offline

Posts: 1714606548

View Profile Personal Message (Offline)

Ignore
1714606548
Reply with quote  #2

1714606548
Report to moderator
hieu1418
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
July 11, 2018, 11:30:08 AM
 #42

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.
danbitcoin1
Member
**
Offline Offline

Activity: 336
Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
July 11, 2018, 11:49:22 AM
 #43

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

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
cryptocoinshunter007
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
July 16, 2018, 10:40:24 PM
 #44

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.
MDIPANJAN (OP)
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
July 17, 2018, 01:52:17 AM
 #45

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.
jeffbitcoin2018
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile
July 17, 2018, 01:54:09 AM
 #46

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!!
MDIPANJAN (OP)
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
July 17, 2018, 02:06:54 AM
 #47

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
BTCwin1
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
July 17, 2018, 02:27:27 AM
 #48

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.

DCC│Distributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
bayu7adi
Hero Member
*****
Offline Offline

Activity: 1400
Merit: 544

paper money is going away


View Profile WWW
July 17, 2018, 02:35:30 AM
 #49

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
jackpot888
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
July 17, 2018, 09:32:56 PM
 #50

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.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!