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Right, but ultimately the same is true for manufacturing GPUs and ASICs. It's a problem you have to deal with for both PoW and this new proposed approach.
by kevingadd 6y ago
Right, but ultimately the same is true for manufacturing GPUs and ASICs. It's a problem you have to deal with for both PoW and this new proposed approach.
- Nursie 6y agoSure, but that's my point, I don't think the economic incentives for proof of storage are any better.
- kevingadd 6y agoHow can they not be better if they remove the need to burn a bunch of power 24/7 and produce waste heat? It's replacing an ongoing cost with a fixed one. In both cases you need a hardware investment (PoW mining hardware for one, persistent storage for the other) but the proof of work system ALSO has a large ongoing energy cost in addition to hardware. GPUs or ASICs for hashing are going to have a limited life span just like your storage hardware, too.
- jobigoud 6y agoIn this case the storage hardware is more directly linked to the output proof. Much more hardware manufacturing would be involved. In PoW you can lower your environmental impact by using clean electricity. For Proof of storage it would be 100% manufacturing.