Re: 【ANN】【PIRL】【PoW ETH Masternode Asic Resistant】 ►► NO PREMINE

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POW MINING WILL ALWAYS BE IMPLEMENTED AND WILL NOT TURN INTO POS.

This is nonsense. Cheesy

Are you ready to burn hundreds of kilowatts of electricity and ruin the environment, rather than to follow the example of other eco-friendly POS coins spending many times less?

A small example:

(BTC: 14.000,000 TH/s = 1,120,000 AntminerT9 * 12.5 TH/s; 1,500W each * 1,120,000 = 1,680 MW of power)
To power ETH network you need 70,695,200 GPUs GTX1070 25MH/s each; with each GPU taking 100W: 7,069 MW of power
Both BTC (1,680 MW) and ETH (7,069MW) can power New York City!
(DMD: 137 MNs * 5W RaspberryPi = 685W)

So how much electricity are you ready to burn now?

I see that just as an incentive to turn to renewable energy sources... wind, water, sun vs burning coal. If you want to be eco friendly, don't use crypto at all, because it all runs on computers.

The solution to the energy consumption is not that easy. If all the miners would buy energy from renewable energy sources the price per kWh would increase and other green energy users would be forced to switch back to conventional energy sources. The entire POS concept seems to be the better choice - dont get me wrong I am a miner myself (only using energy from water energy sources) and love it but the energy consumption is huge.

What you say makes sense of course in theory but in practice you have to consider this: most of the POS crypto assets are MLM shitcoins, and are conceived just to scam people out of their money. At least that's what I saw. I also think that decentralization is better achieved with POW, because everyone (relatively speaking) can join in, not just investors and gamblers.

So maybe it would make sense to have a solution like for taxes just an inversed version. Someone owning few coins gets a higher staking percentage with a steep decline when hodling huge numbers approaching nearly zero.

Makes sense, also related to energy efficiency, I would probably ban huge pool mining and encourage solo mining for up to 8 gpus, to limit in some way processing power of each miner.