Quote from: ArcheAdvertising on August 20, 2020, 09:04:34 PM

Quote from: DougM on August 20, 2020, 08:57:42 PM

Quote from: ArcheAdvertising on August 20, 2020, 08:46:39 PM

According to various rumors, Bitcoin is closely following Ethereum's results. And this is because the second largest cryptocurrency after bitcoin a couple of months ago migrated its mining algorithm to PoS, several experts say that Bitcoin will also do so in the very short future. And this is basically due to the fact that because bitcoin is becoming more and more popular, the algorithm used by Bitcoin PoW generates many expenses for its extraction, ranging from large electrical expenses to high cost in mining equipment.

What do you think, algorithm migration is a solution for the high consumption of the PoW algorithm or not?

I doubt that will happen. Exactly what 'experts' say this is happening? how about pointing out some articles Huh

It is not official yet, but large institutions have been affirming it through the news, I think you are very eceptive and at some point the PoW protocol will be obsolete and will go against many environmental laws.

https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder

This is a classic case of "don't believe everything that you read", to me this seems nothing more but fake news trying to be pushed by those that are trying to make it seem as if the movement of ethereum to move from PoW to PoS is the correct proposition and they are trying to make it seem as if bitcoin is going to make same move.

This will require a hard fork and the support of the community, the miners are never going to accept this I can tell you that, the community is not going to like it either, and there is not any sign that the developers will want to do this as well, so as you can see no one of those that could influence the decision want bitcoin to switch to PoS.