News for hackers. Stuff that matters.

A comment on Proof of stake is incapable of producing a consensus. Parent comment

Re:Proof of stake is incapable of producing a consensus by Kbelicius on Sunday November 28, 2021 @10:49AM (#29369802)
This doesn't makes any sense. The amount of energy any PoW coin uses has nothing to do with the number of transactions that are made.
[ Parent | on HN ]
Re:Proof of stake is incapable of producing a consensus by pkulak on Sunday November 28, 2021 @11:58AM (#29370505)
It absolutely does, since mining rewards are mostly from transaction fees.
[ Parent | on HN ]
Re:Proof of stake is incapable of producing a consensus by Kbelicius on Sunday November 28, 2021 @12:54PM (#29371081)
No they are not. For mining a block of BTC a miner gets a reward of 6.25 BTC. Transaction fees, by looking at the past few blocks, don't go much beyond 0.05 BTC. That is not even close.
[ Parent | on HN ]