Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
TangentC
on 24/06/2021, 14:04:18 UTC
Unlike Bitcoin PoW miners , no one can track a PoS staker location by energy usage.   Wink

Anyone can track the energy consumption of whales that own PoS networks and earn money to secure them.
Earning very well, otherwise they would have moved with their capital elsewhere and PoS networks would be characterized by low security.



Ok,
Guy you know nothing about Proof of Stake Energy usage,

So I shall school you in.

You know those laptops people use, that is all that is the only hardware needed to run a proof of Stake network.
Laptops that use less power than your xbox,
Plus anyone can get a deep cycle battery and a few solar panels and run that laptop off that 24x7,
and no one knows.

Proof of Stake Security is in the coin itself which is extremely energy efficient, not in the energy wasting asics like Proof of work.