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A comment on Bitmain, the largest mining hardware company, made around $4B last year. Parent comment

Re:Bitmain, the largest mining hardware company, made around... by nosuchthing on Friday February 23, 2018 @05:37PM (#16450231)
Only for the largest account holders, whom statistically will receive most of the newly generated money (and even more as they continue to accumulate newly printed PoS tokens).
[ Parent | on HN ]
Re:Bitmain, the largest mining hardware company, made around... by twiceaday on Friday February 23, 2018 @07:44PM (#16450897)
PoW distributes block rewards proportionally to hash power and these proceeds can be used to buy more hash power to achieve a compounding effect. From what I understand all of the viable PoS systems offer a fixed rate of return on the stake. This is like PoW forcing everybody to use the exact same hardware; a benefit to the little guy at the expense of the large account holders.
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Re:Bitmain, the largest mining hardware company, made around... by aoeusnth1 on Saturday February 24, 2018 @09:23PM (#16456772)
I'm confused - what's your objection? Should capital put into PoS not provide a constant reward?

Or are you under the impression that larger pools of capital provide disproportionate rewards?

[ Parent | on HN ]