Post
Topic
Board Altcoin Discussion
Topic OP
POS staking mechanism, will mining become obsolete?
by
Erwin125
on 03/03/2018, 08:55:19 UTC
Hi Everybody,

I am a miner myself and I love mining, but I am concerned if it will last.

The reason is that wallet staking is in my opinion a better way of mining. Leaving your wallet open to contribute to the network payment processor is in my opinion an ultimate decentralized user owned crypto currency.

In my opinion it is more energy efficient than mining.

My questions:

- will mining last forever?
- is POS a good alternative?
- will it bring power of currency to the people?

Erwin (NL)