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Literally anyone... if they live in a country with the supply chains for asics/gpus in place... if they can afford the hardware and cost of electricity... PoW
by casi18 5y ago
Literally anyone... if they live in a country with the supply chains for asics/gpus in place... if they can afford the hardware and cost of electricity...
PoW works to a certain scale, when we can mine on laptops and the number of users is low it is a great system. but at this point it is clearly operated by large organisations, and using an absurdly unnecessary amount of energy for the job.
pos uses less energy, runs on cheaper hardware that is easy to manufacture and acquire (solar powered raspberry pis), easier to hide participation from governments, and you can mint gasless nfts and sell them to start earning tokens, so you dont have massive hardware costs up front. you can draw pictures and start receiving crypto, then use that as your stake in a validating pool. cheaper and easier for people to participate, less resource drain so better capital efficiency, harder to censor.