Post
Topic
Board Bitcoin Discussion
Re: New bitcoin mining algorithm
by
davis196
on 26/09/2019, 06:22:06 UTC
Seeing that bitcoin has long been impossible to mine on a regular computer began to ponder the question of why the development team does not seek to switch to another algorithm to stop the mining of coins by large corporations and return to the canons that bequeathed Satoshi. It may be worth switching to the pos algorithm, you will not need to spend a huge amount of electricity and investors will be able to receive passive income for storing coins. There will also be no need to be afraid of the quantum computer. Interested in everyone's opinion.

If it gets easy to mine bitcoins on a PC,bitcoin will lose it's most valuable feature-it's scarcity.
If you are such a big fan of the POS algorithm,just buy and HODL one of the altcoins that use POS algorithm.
No need to try to advocate bitcoin core changing it's algorithm(POW vs.POS is a pretty old topic).It won't happen anyway.We can't just change what works.