Proof-of-Stake mining

Proof-of-Stake mining
Every day more and more consumers are growing brand new, but already managed to position itself well-off — mining (buying virtual currencies on the platform bitcoin or blocking). Long to talk about this will not, because for sure, many people have already heard the pros and cons of such a profit, and maybe even invested in it some money. It is enough just to remind you that for such a profit you:
there is absolutely no need to understand the banking business;
not necessarily have a lot of free time and a lot of capital at the start (crypto-currencies vary greatly in price).
It is known that by investing literally $ 100 in bitcoin or block, you will have the opportunity to receive up to $ 100 million in a few years! From the advantages it is also possible to allocate the possibility to send money to any point of the globe without restrictions, such currency will cost the same amount regardless of city or country (for example, tokens are tied to the euro and the rate, as a rule, fluctuates in the interval of 0.1 and 0.2 euros, which is not critical), and the possibility of identity theft or fraud is excluded. To date, there are more than 50 different crypto-currencies: Verge (XVG), StartCoin (START), Dash (DASH), Aricoin (ARI),
Zcash (ZEC), Catcoin (CAT). It is noteworthy that the last crypto currency from the list can produce up to 21,000,000 coins. There are different societies (one of them is ModernMoneyTeam), where they not only advise newcomers, but also help to acquire special mining vehicles with the possibility of installing both on their base and at home. At the same time, their membership costs up to 20 dollars.
But, unfortunately, there is a fear that this sphere of earnings may soon disappear without a trace. Such a problem arose through the following fact: in the current year, a transition to a new protocol, Proof-of-Stake, could be implemented. From this there is a high probability that the need to purchase crypto currency will decrease significantly, because the protocol algorithm is designed so that there will not be a need for a large number of computers to periodically make calculations. In other words, the algorithm is that the coin is already used inside the platform itself (this will be indicated below). Consequently, the currency will become cheaper, and many early users may lose their earnings. So what to do and what to be afraid of the miners when going to a new protocol? Where should they direct the power of the farms already purchased? Let's figure it out together.
It should be noted that the founder of the Ethereum platform Vitaly Buterin asserts that the financial risk is indeed very high, many may simply lose their business. It is important to realize that interest in the blockade is still growing every day. But this technology, as such, is not yet ready to satisfy all requests, at this stage there is not enough space for everyone. For this reason, the commission also increases when using the functional (today it is less than one percent). In order to correct this situation, bitcoin shattered his broadcast. Blokchein now categorically against this, as the broadcast is not profitable, the creators of Ethereum are based on the fact that you can go to other, though less popular currencies. In addition, the risk of fraud does not diminish (but rather new types of fraud), because everyone comes into this industry with their goals.
At the core of PoS is a slowdown in mining and the replacement of so-called «miners» with «equity holders» / «validators.» That is, the goal will not be buying coins, but increasing their «share». The share will be divided into two chains that will compete among themselves. In order not to miss your earnings and invested money, the user will need to monitor both, that is, he will insure himself against the failure of one of them. But it is necessary to note the positive side of the protocol — it will no longer be necessary to use a large amount of electricity for operation, the flow will become more efficient.
Here in general terms is a short description of what the mining is waiting for in the near future. But there is no need to worry and panic, because, according to one of the current developers of Ethereum Vlad Zamfir, the transition will not be instantaneous, everything will be implemented gradually and in stages, periodically the mining owners will be informed about everything. The first steps will be made by the end of this year. In any case, any mayner needs to think with his head, but remember the old truth — «he who does not take risks, does not drink champagne»!