Bitcoin Forum
January 18, 2020, 10:57:23 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Who is producing bitcoin now, please?  (Read 296 times)
bitbollo
Legendary
*
Offline Offline

Activity: 1680
Merit: 1086


Nec Recisa Recedit


View Profile WWW
February 27, 2019, 09:15:09 PM
 #41

PoS are not profitable.  I can earn around 0,1-0,5% more coins yearly with Waves.
Even other PoS token are not the best and I don't think this they are profitable since coins can be overproduced and then depreciated on the market. 

Bitcoin Proof of Work Mining is too expensive and there is no profit in it, unless you are Mega Rich to start with.

Only Way the little guy can make money is staking.

In PoW mining , you have to be mining all of the time so you don't lose out.

In PoS Staking, you can turn your PC off for months at a time, and turn it on for a few hours and receive almost the same reward (short compound interest difference of course).

Also in Staking, there is no need to buy new hardware every year or pay really high energy prices, a substantial price savings.

In addition, Staking has a higher scaling potential than Proof of Work , according to Ethereum founder Vitalik Buterin .
Which is why Eth will eventually drop PoW in favor of PoS.
Hopefully one day Bitcoin will do the same, so the little guy has a reason to own it again.

One of the Major complaints by Warren Buffet (one of the top ten billionaires in the world)
https://cointelegraph.com/news/warren-buffett-bitcoin-is-a-delusion-that-attracts-charlatans
Quote
“You can stare at it all day, and no little Bitcoins come out or anything like that. ”

If Bitcoin moved to Staking, then little bitcoins would come out ,
and that could potentially draw in the Billionaires to invest in bitcoin
and make the 1 bitcoin = 1 million not just a hope , but a reality.


▄▄▄███████▄▄▄
▄███▀▀▀█████▀▀▀███▄
▄██▀███████▄██▄████▀██▄
▄██▀█████████████▄█▀▀██▄
▄████▄▄███████▄▄████████████▄
██▌▄███▀▀████▀▀█████▀▀█▄██▐██
████████████████▀██▌▀██▀██▐██
█████████████████▐████████▐██
███▌████████████████▌████████
████████████████▐██████████
███▄██████████▄██▀███▄███
▀████▄▄▄▄▄▄████▄▄████▀
▀▀█████████████▀▀
▀▀▀▀▀▀▀
Next Generation
Proof-of-Stake Platform

.
███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
.
Twitter  Telegram  Discord  ANN

██
██
██
██
██
██
██
██
██
██
██
██
▀▀

██
██
██
██
██
██
██
██
██
██
██
██
▀▀

██
██
██
██
██
██
██
██
██
██
██
██
▀▀

.EXPLORE.
.DISCOVER.
.EXCHANGE.
Eu Crypto Exchange
Built by Solaris Team

██████████████████████████████████████████████████████████████████████████████████████████████████████████████████
.
Twitter  Telegram  Facebook
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Khaos77
Member
**
Offline Offline

Activity: 392
Merit: 64

Flag Day ☺


View Profile
February 28, 2019, 03:32:22 AM
 #42

PoS are not profitable.  I can earn around 0,1-0,5% more coins yearly with Waves.
Even other PoS token are not the best and I don't think this they are profitable since coins can be overproduced and then depreciated on the market.  

Picking a low inflation PoS coin can be profitable. (Especially in the long run.)

Even picking a high inflation PoS coin can be profitable (Short Term), if you're smart enough to enter & exit at the right times.


Waves is just another smart contract want-a-be, that no one cares about.
Here is the last post in the Waves Topic.
exactly right.

(and waves is still shit)
HAHA

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

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!