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> or could be solved using much less power with premined coins.

How? mining new coins doesn't cost energy, preventing double-spends does. Premining wouldn't make any difference

Proof of stake or some other non proof of work consensus mechanism could reduce the energy usage



Are there any successful proof of stake coins out there?


The problem isn't viability, it's the fact that PoS re-centralises wealth for almost no cost to the minter which makes it inferior to PoW. The problem with PoW is the green aspect, of course


So there is no wealth centralization in BTC or ETH?

Oh wait, most mining operations are in the millions of dollars range, nevermind the fact that 84% of all BTC is held by .3% of addresses with > 100 BTC...


You'll always have centralisation in any system, you're just trying to minimise it as much as possible. Mining operations require you to continuously supply to the system at cost, which is completely different to staking that requires extremely minimal to no cost for operation.

Both PoW and PoS have centralisation, but PoS vastly increases this centralisation, does it at a far faster rate, and "locks it in" (there is no feasible way to overcome the most powerful node in PoS, this is not the case thankfully in PoW)


Yes, out of the top 15 by market cap there are

Cardano Solana Polkadot Tron Avalanche

Ethereum is also on a roadmap to migrate to proof of stake


Ethereum is switching to PoS soon


I'll believe it when I see it, but it looks like it's been in the pipeline for almost 6 years[1], so I'd be very surprised if we see it before the crypto bubble bursts.

[1] https://blog.ethereum.org/2016/12/04/ethereum-research-updat...




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