91–100 of 175 posts
Chia pre-mined 6 years worth of block rewards. Proof-of-space may be the closest thing we have to a viable proof-of-work replacement but this instantiation of it feels like a get rich quick scheme for its founders. Edit: My calculation was based on the initial reward schedule of 64 units per block, but when you take into account the fact that it ramps down to 4 units per block shortly thereafter, it's actually a prem…
Here I am thinking there's finally a working file storage coin for truly decentralized and anonymous file hosting and no... it's another proof-of-waste thing.
Earlier quoted context omitted.
It all depends on the economics. It's pretty likely that at some point reinvesting in Chia by buying more drives just doesn't make sense. You can also read more about the power consumption of Chia here: https://chiapower.org/
Do you know what’s a good place to start if I want to build a rig for Chia?
You can also use any old extra disk space you have on your current computers.
Disks are about $20/TB right now. So 1 exabyte is $20M. Well within the scope of VC funding for someone who wants to make Chia appear to be a success.
Earlier quoted context omitted.
It all depends on the economics. It's pretty likely that at some point reinvesting in Chia by buying more drives just doesn't make sense. You can also read more about the power consumption of Chia here: https://chiapower.org/
Do you know what’s a good place to start if I want to build a rig for Chia?
Disks are about $20/TB right now. So 1 exabyte is $20M. Well within the scope of VC funding for someone who wants to make Chia appear to be a success.
Assume it takes 7 hours to create a plot on high end consumer hardware.