this post was submitted on 03 Apr 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Could Monero switch to a proof of stake model? (lemm.ee)

submitted 7 months ago by [email protected] to c/[email protected]

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Proof of stake is more energy efficient.

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[–] [email protected] 3 points 7 months ago

Fair point. The market will find a equilibrium between electricity costs and mining reward. Also compared to the current banking system miners will probably move their business mostly to locations where energy is cheap and highly available.