We saw another bitcoin halving and now we have further less reward for miners. Bitcoin Hashrate is hitting new records every now and then. Bitcoin mining is only for few rich community members who can afford that expensive miners and fuel them with expensive power.
The question which I wanna ask is that whether we have any other good alternative to this or we will continue to move with this centralized mining for rest of our lives.
Defiantly there are other ways. If you are new comer this doesnt mean there is nothing you can do to mine. But main problem is people are only crazy for mining they think every other crypto is useless.
I was read this thread yesterday
https://bitcointalk.org/index.php?topic=5248076.0 and I did'nt pay much attention to it.
Unless I came to know that its listed on exchange and has Estimated annualized yield rate: 200%. See the links below
https://mxc-exchange.zendesk.com/hc/en-001/articles/360043448871-Announcement-on-2nd-Session-MASS-Stakinghttps://www.mxc.com/trade/easy#MASS_USDTWe need to pay attention to other alternative and stop getting crazy about Bitcoin.
Proof of Capacity (PoC) is an amazing consensus algorithm. MASS is just project that is harnessing its power there are many other in the list.
PoC lets you use your storage device to do mining in the network, there is no expensive mining devices nor electricity required. Even people can use there ordinary laptops to mine this currency. bitcoin mining is very much saturated and there are other ways available. All we need is look around.
Thanks for sharing this. Its based on Proof of capacity algorithm not on Proof of work, this is all I get to know after reading this thread. Can you give me some convincing arguments like @philipma1957 gave in support of mining with cheap electricity.