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A comment on Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining. Parent comment

Re:Bitcoin mining becomes unprofitable as BTC price falls to... by cypress66 on Sunday June 19, 2022 @08:06AM (#31798547)
I think it will be delayed a bit if necessary but it is still clear that a working PoS is completely feasible.

I had a lot of doubts too about the pace of dev but the shadowforks and ropsten testnet makes me thing it's going to happen.

I think that even if the devs don't care about the price, they care about the image and they want to get rid of the stigma that eth is bad for the environment.

When that stigma became so widespread is when eth went all in on the PoS development.

[ Parent | on HN ]
Re:Bitcoin mining becomes unprofitable as BTC price falls to... by latchkey on Sunday June 19, 2022 @10:32AM (#31799740)
Sorry to say this, but what you think doesn’t matter. It is either secure or it isn’t. Given the added complexity of PoS that turns it into a Rube Goldberg machine and the fact that this has never been done on the scale of ETH, we have zero idea if it will work or not. Anyone with a valid hack certainly is not going to release it before it goes public mainnet and that is terrifying. We can try to be positive about it all and hope for the best, but that is about it. On the other hand, we know PoW works and has been proven secure. Despite the ESG arguments, there is a need for a secure chain.
[ Parent | on HN ]