Pros and Cons of Proof of Capacity

Business & Management
#1

Pros:

  1. PoC can work with any standard hard drive, including those used by Android-based computers.
  2. It is said to be up to 30 times more energy-efficient than ASIC-based bitcoin cryptocurrency mining.
  3. There is no need for dedicated hardware or frequent hard disc upgrades.
  4. The mining data can be simply erased, and the drive may be used for other data storage needs.
    Cons:
  5. The technology has been used by a small number of developers.
  6. Malware has the potential to disrupt mining operations.
  7. Widespread use of PoC might spark an “arms race” to create larger hard drives.