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It’s cheaper to run 1 more GPU when you are already running 100 It’s the same price to add 1 eth when you own 100 eth as when you own 1 eth
by bowsamic 4y ago
It’s cheaper to run 1 more GPU when you are already running 100
It’s the same price to add 1 eth when you own 100 eth as when you own 1 eth
- camjw 4y agoKind of, but doesn't that assume a linear utility function for holding eth which I think seems unrealistic? Plus, there are costs associated with holding eth (cold storage etc) which seem fixed, so its cheaper to securely stake 1 additional eth when you're already staking 100eth than when you're not running any. Plus fixed costs of actually running a staking business (by analogy with a mining business).
- bowsamic 4y agoYes, the utility function is linear for PoS, and wildly non linear for PoW