Proof of Space

Proof of Space

BitTorrent developer Bram Cohen has published a new white paper that envisions an eco-friendly alternative to bitcoin's energy-intensive proof-of-work consensus method.
Under the proof-of-space system, miners allocate unused disk space to the network, with the probability of successfully mining a block being proportional to the amount of space allocated divided by the total capacity of the network.
This is a good news and if it will become reality would be awesome for everyone out there like me, who want and can't mine because all this hardware are quite expensive. You can also mine on your laptop and you can save on electricity quite a bit.

We'll have to wait and see when this proof of space will become reality.