Quote from: percy_tc on May 21, 2022, 08:39:24 PM

Quote from: philipma1957 on May 21, 2022, 08:20:30 PM

Quote from: avikz on May 20, 2022, 07:38:56 PM

That's what a lot of people are waiting for! People like me who can't afford a high end mining gear can safely do pool staking once ETH moves to POS. Also the current competition of hash rate will disappear which will be great for the commoners like me. But the summer has just started so hopefully it will happen in next 2-3 months. Fingers crossed! But those people who have already invested in high end hardware to mine ETH, they will have to find a new coin to mine. That will be very interesting to see which coin becomes their preferred choice after the ETH moves to POS. Possibly a great investment opportunity awaits ahead for all of us if we can stay vigilant.

staking is death for eth.

it is why it is calling staking.

the vampire and leach on btc will soon be dead.

staking is a certain fail and can not work.

Why do you think that? Pow is outdated and not sustainable. From mining perpective, yes could be the end and thats just great (becuase of the way too much greedy miners.)

Usage of ETH will expand, with better scalability.

pos is a bond that pays interest.

most bonds paying interest have backing

problem with crypto pos zero backing from any assets at all.

pos for eth is a fail on an unimaginable scale.

Pow is hard iron gear that turns energy into value.

I have been in on three projects with pow that have created over 450kwatts of solar energy.

using ltc/doge asics btc asics and eth gpus.

two projects have paid off all the solar already the third project will pay off in two- five years.

all due to mining.

so part of the worlds power infrastructure was built due to btc/eth/doge/ltc

pos will never do this.

so in part Pos is simply a tool of the old school bankers used as a weapon against pow.

pow simply needs proper management.

one suggest is all solar developed by mining creates tax free coins.

and all mining using coal/oil is subject to a higher tax rate.

within five years the world would double its solar maybe triple it.

I get so annoyed by pos pushers and pow detractors as they simply are gaslighting in order to screw pow.