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Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

Sun Jan 08, 2017 3:48 pm

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From December 4, the bitcoin price was $749.99 and increased to a high of $1120.51 on January 6, settling around $880 at the time of writing. This continuous increase of the price of ‘digital gold’ has been attracting people around the globe to mine Bitcoin. Since mining provides an opportunity for people to create income, they are incentivized to facilitate the powering of hungry machines in order to obtain bitcoin...

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https://btcmanager.com/news/tech/proof- ... hilosophy/

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