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The Practical Use of Crypto. PoS does not require solving the computational problem required in PoW, and this results in large power savings for the validators and the whole network itself. About GlobaleCrypto: GlobaleCrypto is an expanding platform in the digital asset and cloud mining service sector, dedicated to enhancing users' crypto portfolios by simplifying the crypto mining process. Other common consensus algorithms include Proof of Authority and Proof of Capacity. Cloud mining profitability is determined by a number of factors, including the price of cryptocurrency, mining difficulty, block reward, contract expenses, and provider and pool fees.