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| Topic | Politics Containment Topic 376: Pigs in Space |
| Forceful_Dragon 08/09/21 10:19:27 AM #377: | ChaosTonyV4 posted... Youll still need machines doing calculations to maintain the blockchain and ledger, right? But Proof of Work involves algorithmically (and unnecessarily) increasing the calculations to limit the number of blocks that get generated via mining. This causes energy usage to scale with the number of active miners without a corresponding uptick in new token generation. By contrast Proof of Stake is estimated to use 99.95% less energy because each person participating in the staking is not running their own rig to perform calculation, they are just contributing the tokens they own into the staking pool and new blocks are rewarded proportional to the amount staked. So yeah, there is a big difference between the two. Edit: Imagine 100 people with 100 computers running 24 hours a day and each of them has a 1% chance to win the new block reward. Now imagine 100 people with their computers turned off and each of them has a 1% chance to win the new block reward and there is 1 computer somewhere else that determined the winner. It's not quite as simple as that, but it's along those lines and scaled up to significantly more than a 1 / 100 difference. --- ... Copied to Clipboard! |
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