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Author Topic: POW and POS, which is better?  (Read 311 times)
ThachSanhTp
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July 05, 2018, 02:46:50 PM
 #1

I always believe that POS is much better than POW. Energy saving, safer...
But "Fake Satoshi" Dr Craig seems to believe that POW is better than POS when he said: POW is fair & for everybody who work hard while POS is for people who are wealthy (they have much money for staking).

What do you think?
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July 05, 2018, 04:19:16 PM
 #2

Of course POS is much better than POW. Forget the Fake Satoshi guy, friend.
POW is a waste of energy of our world. POS is not
In POW consensus, the owners of the coin and hash power may be different.
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July 05, 2018, 04:26:58 PM
 #3

I think that POS is better. POW have many risks such as equipment failure, electricity fees, etc.
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July 05, 2018, 04:30:03 PM
 #4

No one can really answer you this because so far both ways have flaws and aint really a perfect solution.With pow network depends from minners that most of the times aint loyal and will point their gear towards more profitable coin.On the other hand pos leads to centralisation where most of masternodes/coins belong to only few individuals...
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July 07, 2018, 04:31:20 AM
 #5

POW is a previous version but POS is on demand. POS is a mining technology that is replacing the POW technology. Proof of stake has some advantages over proof of work. POS will save the people from having spamming messages from the hackers and so it is on demand now.
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July 07, 2018, 02:40:44 PM
 #6

No doubt, POS is better than POW. POW is a previous version but now POS is on demand. Proof of stake is a mining technology that is replacing the POW technology. Proof of stake has some advantages over proof of work. POS will save the people from having spamming messages from the hackers and so it is on demand now.
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July 07, 2018, 02:45:06 PM
 #7

Of course POS is much better than POW. Forget the Fake Satoshi guy, friend.
POW is a waste of energy of our world. POS is not
In POW consensus, the owners of the coin and hash power may be different.
Pos is the truly decentralized system but it looks like asic miners were destroying anything. POS will become a useless system in the future. POS is the future. Remember this bitcoin gold has been getting 51% attack the blockchain has been exploited and the scammer steals the bitcoin gold. POW waste a lot of energy.

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July 07, 2018, 03:06:22 PM
 #8

I always believe that POS is much better than POW. Energy saving, safer...
But "Fake Satoshi" Dr Craig seems to believe that POW is better than POS when he said: POW is fair & for everybody who work hard while POS is for people who are wealthy (they have much money for staking).

What do you think?

But what he said is true, to maximize profit when staking, you must have more coins to get higher mining reward.
PoW have huge electricity cost too. I think PoS would not exist if PoW was the best method for mining.
Either it PoW or PoS, they have the advantages and disadvantages each others.
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July 07, 2018, 03:10:39 PM
 #9

As mentioned above POW is energy hungry and POS on the other hand have improved a lot over time and now can replace POW with same level of security.
As of decentralization, at current time, POS can be more decentralized than POW as mining are mostly done by industry grade miners.

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July 07, 2018, 03:26:18 PM
 #10

actually i see for the cost will be the same only, but because the power efficiency used POS is better. But POS also does not guarantee if transaction speed can be better than POW. between POS and POW has advantages and disadvantages of each.

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July 08, 2018, 11:01:30 PM
 #11

POS in crypto-currency mining is much better and will gradually be introduced into all crypto-currencies. This type of mining is much more economical and environmentally friendly.
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July 08, 2018, 11:02:41 PM
 #12

As far as i now POS is better than POW. Because POS is less risky and their technology also good than POS. That’s why peoples are more connect with POW.
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July 08, 2018, 11:03:50 PM
 #13

Environmental wise, PoW will cause the use of huge electricity into nothing more than confirming transaction while PoS will seems to save up the electricity because it doesn't need to power up bunch of mining tools, If im to choose, I'd choose PoS, it's better to have an environmental friendly cryptocurrency than the ones that making global warming even worst

 
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July 09, 2018, 05:00:34 AM
 #14

Power of stake is always better. In Pow, there is a wastage of energy and the rate of failure is more. Besides, Pow has many risks with it.
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July 09, 2018, 05:06:29 AM
 #15

I'm not sure which is better. But I prefer POS rather than POW. I do not have the ability to participate in POW so I want to try POS.
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July 10, 2018, 09:45:13 AM
 #16

- POW is asking a service user to prove that they have made a donation (usually the cost of doing the math) to prevent network attacks such as spam and theft. Dedicated Dedicated Service (DDoS).
In relation to Bitcoin, POW means evidence of bitcoin digger's contribution to virtual money exploitation.
- PoS is another way to validate transactions and gain distribution consensus.
PoS is still an algorithm and has a general purpose with PoW, but the implementation process is quite different. PoS is emerging the first time on the bitcointalk forum back in 2011, the first digital currency. Using this method is Peercoin in 2012, along with ShadowCash, NXT, BlackCoin, NuShares / NuBits, Qora and Nav Coin.
* POS surpasses POW at several points:
- Energy saving.
- A more secure network because of the cost to pay to attack becomes more expensive: if a hacker wants to buy 51% of the total coin, the market responds by raising the price quickly.
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July 10, 2018, 09:48:46 AM
 #17

I think both POW and POW have their own advantages.
However, I am more optimistic about POS, because the POS mechanism does not consume a lot of resources.

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July 10, 2018, 09:51:21 AM
 #18

I always believe that POS is much better than POW. Energy saving, safer...
But "Fake Satoshi" Dr Craig seems to believe that POW is better than POS when he said: POW is fair & for everybody who work hard while POS is for people who are wealthy (they have much money for staking).

What do you think?
What? POW is fair for everybody? Not at all you have to also buy expensive mining equipment and pay a lot for electricity so it is not also only for wealthy people?
And what about current Bitmain 42% dominance? It is not a problem?

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July 10, 2018, 10:00:44 AM
 #19

POS is good on its own part while POW is also cool with it own use, but POS is more of zoning the reward to some people and leaving major user aside while POW also require alot of equipment to make it work with financial aspect which also same like POS, so the only difference between them is time and energy require for POW while POS only require your money to stake and get your reward ,so with this reason POS is better to POW.
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July 10, 2018, 10:09:28 AM
 #20

No one can really answer you this because so far both ways have flaws and aint really a perfect solution.With pow network depends from minners that most of the times aint loyal and will point their gear towards more profitable coin.On the other hand pos leads to centralisation where most of masternodes/coins belong to only few individuals...

I agree with you because in both have shortcomings and advantages.
how we judge it.
sometimes humans can only judge without knowing the struggle of it
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