Obviously, POW is extremely expensive to operate. We often hear about the expense of running the Bitcoin blockchain, energy-wise. And, Ethereum currently also requires POW, so likewise the energy consumption is high. We're all looking forward to POS, and for that the energy consumption is a tiny fraction of POW.
But, just because Ethereum moves to POS, it doesn't mean Bitcoin will as well.
Anyhow, everyone is also very much aware now of how bad inflation is. Even for people NOT running expensive power hungry computers, we've watched our household energy bills nearly double.
This all got me to wondering, is the cost of operating POS and POW computers a factor in determining the rewards paid for participating? How is that computed? If it is NOT a factor, it seems very reasonable that eventually any blockchain that does not migrate to low energy consumption, POS solutions, will eventually just die because it cannot keep up with external inflation, cost of operating power hungry machines.
Can anyone share their knowledge or thoughts on this matter?
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