While I get the draw, I never understood how PoW is ever supposed to work practically.
PoW tasks are meant to work on a wide range of mobile phones, desktops, single-board computers, etc... you have vastly different compute budgets in every environment. For a PoW task that is usable on a five year old mobile phone, an adversary with a consumer RTX 50 series card (or potentially even an ASIC) can easily perform it many, many, many orders of magnitude faster.
PoW tasks are meant to work on a wide range of mobile phones, desktops, single-board computers, etc... you have vastly different compute budgets in every environment. For a PoW task that is usable on a five year old mobile phone, an adversary with a consumer RTX 50 series card (or potentially even an ASIC) can easily perform it many, many, many orders of magnitude faster.
Am I missing something?