News for hackers. Stuff that matters.

A comment on Proof-of-Stake is better than Proof-of-Work; the Merge won’t fix other problems. Parent comment

Re:Proof-of-Stake is better than Proof-of-Work; the Merge wo... by davidgerard on Saturday August 20, 2022 @12:12PM (#32533088)
if you can outline what isn't blitheringly stupid about proof of work crypto mining, then please do tell, else it would be prey to false balance
[ Parent | on HN ]
Re:Proof-of-Stake is better than Proof-of-Work; the Merge wo... by tromp on Saturday August 20, 2022 @01:27PM (#32533706)
PoW allows for fair distribution of coins, esp. with a fixed block reward so as to avoid concentrating wealth on early adopters, and to deter speculation. The only example we have of such an emission runs on less power than what a single windmill provides.
[ Parent | on HN ]
Re:Proof-of-Stake is better than Proof-of-Work; the Merge wo... by quickthrower2 on Saturday August 20, 2022 @08:01PM (#32536215)
That is one big windmill.
[ Parent | on HN ]
Re:Proof-of-Stake is better than Proof-of-Work; the Merge wo... by tromp on Sunday August 21, 2022 @04:57AM (#32538465)
Grin's graphrate is under 8000 G/s, which takes only 800KW of power, so quite a modest size windmill.
[ Parent | on HN ]