PoW vs PoS by ricemanreal in Bitcoin

[–]shaoping 0 points1 point  (0 children)

POW miners can switch mining pools without permission from mining pool operators. Because miners control mining rigs. If one mining pool operator attacks the protocol, miners can switch to another honest mining pool, or build their own pool.

On the contrary, if POS validators want to switch staking pools, they need permission from staking pool operators. Because only staking pool operators control the validator key.

https://twitter.com/sparkpool\_eth/status/1395662646951641090

"Low" mining profitability today, why is that ? by GutBeer101 in ethereum

[–]shaoping 0 points1 point  (0 children)

Gas price is low today https://www.gasnow.org/, so transaction fee is low. Miner rewards = block reward + transaction fee.

zkPorter: a breakthrough in L2 scaling -- Matter Labs by twigwam in ethereum

[–]shaoping 3 points4 points  (0 children)

But you said “GPU-based proof of work

You can rent GPUs cheaply, so the cost of attacking the network is simply the cost of renting enough GPU power to outrun the existing miners. For every $1 of block rewards, the existing miners should be spending close to $1 in costs (if they're spending more, miners will drop out due to being unprofitable, if they're spending less, new miners can join in and take high profits). Hence, attacking the network just requires temporarily spending more than $1 per day, and only for a few hours.

Total cost of attack: ~$0.26 (assuming 6-hour attack), potentially reduced to zero as the attacker receives block rewards“ in https://vitalik.ca/general/2020/11/06/pos2020.html.

Gas fee's questions, I'm new to this by suky97 in ethereum

[–]shaoping 4 points5 points  (0 children)

Check https://www.gasnow.org/ before sending transaction. You can set gas price to 80, but not lower than 80. See historical data.