39 / NVIDIA has a plan for a POW Ethereum fork, and the discussion goes through the incentives and challenges surrounding it. Who benefits from it and how it can affect the industry?
What if miners continue to mine!!!??? Let’s call it POWNet! Difficulty goes down
Who benefits from POWNet? Who is likely to be the loudest advocate
the biggest miners // because they have a sunk cost in mining equipment which becomes useless in POS
NVIDIA EthHash
What is the economic incentive to validate on a non-mainstream POS network?
incentive = stake/{total stake} * value
USD 1M of marketing sells USD 100M of pictures of animals // so USD 10B of marketing can make POWNet valuable enough that miners use it and NVIDIA’s stock goes up 40%