3 ms·
For proof of work the cost of the hardware is substantially irrelevant, it's eclipsed by energy costs after a month or two of operation. POS proposals all have
by nullc 6y ago
For proof of work the cost of the hardware is substantially irrelevant, it's eclipsed by energy costs after a month or two of operation.
POS proposals all have participatory floors. E.g. the ethereum proposal requires participants lock up about $60,000 worth of ethereum to participate.
- shawnz 6y agoTrue, but staking pools might help mitigate the latter issue.
- nullc 6y agoThat's equivalent to saying that you can invest in a cloud mining operation or pool funds with friends to by a larger mining device than you otherwise would alone-- in both cases you lose control of your influence in the consensus and essentially end up paying someone else to centralize the system more on your behalf.