Hybrid PoW/PoS for Monero would help fighting the fractional reserve practice from shady exchanges. Either they will offer XMR staking and won’t be able to fake it as rewards will accrue over time and would become a liability for exchanges that aren’t actually staking XMR or a large share of their users will move their XMR to a service that offers staking rewards (or they will do it themselves) which would put pressure on their real reserves.
@LogicallyMinded no thanks. No PoS centralisation in real crypto coins like Monero. You may implement that to BTC shitcoin as is already centralised in mining farms.
I get the argument but theoretically what would stop people from starting huge mining farms in XMR?
@burgerchurgarr you need server grade computers to create Monero farms. That’s impractical and overly expensive compared to ASICs you normally use to mine BTC shitcoin.
Interesting, so basically you’re saying that wouldn’t be profitable? Not asking any gotcha questions here tbh I’m just not deeply familiar with the mechanics
@burgerchurgarr is almost never profitable, so people mostly do it to decentralise and secure the network.
One ASIC to mine BTC is about $900 while one good server with 2 CPUs to mine XMR exceeds $12,000.