Proof of work does not scale. It trades something fungible and incredibly cheap (CPU) for something incredibly expensive (user-visible latency). There is no set of parameters where the cost is going to be a meaningful deterrent to any kind of abuse (even something as low-yield as scraping) without adding crippling amounts of latency to real users.

> The dilemma for bots: when tokens are bound to the connecting ip, scrapers must limit the connecting IP pool for each site they want to scrape, becoming much more obvious and easy to block, or they have to use massive amounts of compute.

There is no dilemma. They get a token, they maybe do some automated multi-armed bandit per-site to figure out how to maximize the extraction rate they get from a single token, and then they use an IP for that many requests / that amount of time before ditching it.