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Burn tires for a year then reap the reductions the next.
Sure - that’s pretty much how it works. If you own and can defend a jurisdiction where you can do that, other people will likely pay or trade things with you to stop.
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Manufacturing SSDs and platter drives is definitely not carbon neutral. Let's not even get into the problems with rare earth material extraction...
In order to be considered a net benefit, it only needs to emit less carbon than compute-based mining. It doesn't need to be carbon neutral (and indeed, I don't think anyone posited that it was).
Ok Chia is stupid but this means that you are not pricing your SSD I/O properly.
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> Then again ... what’s the point of putting that on a blockchain? Marketing. :p > That’s actually pretty simple if you can live with centralization ... just certify CO2 offsets for example for each coin purchased. We have this today, but "just certify" does a lot of work here. It's really hard to certify CO2 offsets in many cases (e.g., it's tough to verify that the trees someone plants weren't going to be planted a…
Whenever you plant a tree, do the following. 1. Take a picture of the tree 2. Burn the tree down. 3. Create NFT of the picture of the tree burning down. 4. Use the NFT of the picture of the tree to certify the CO2 offset. Inspiration from: https://www.bbc.com/news/technology-56335948
Somebody needs to invent a coin that works on proof-of-carbon-emission-reductions, or proof-of-global-poverty-reduction and do some real good for the world.
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That's not how chia rewards you though. It's a lottery, and though chia may be around 1000 or so right now it could massively increase in the future. Current projections are something like 3-4 months to get a single reward. But if you could make potentially an extra 50K a year with some harddrives that's not a bad deal.
> Current projections are something like 3-4 months to get a single reward You cant project time to win without knowing how many plots a farmer has. You've gotta have 100+ TB plotted (prolly closer to 140actually) at this point to have a chance at winning every 3-4 months. A single plot would put you closer to 7 years.
3-4 months is currently around 18 TB.
EDIT: 100 TB would get a coin every ~ 18 days on average.
Chia plotting is forbidden on all SSD and NVMe powered instances Translation: Scaleway didn't take SSD wear into account when designing their cloud. Chia farming is allowed on Scaleway Object Storage providing prior request has been both made and authorized by our sales team Translation: They can't expand their object storage fast enough to keep up with demand.
I don't think many cloud providers expect all their disks to fail every 1-3 months, which is what happens when you mine Chia on a SSD/NVMe.
> Chia plotting is extremely I/O intensive and destroys most SSDs in under a few weeks I need to look into this more, but I think this is an implementation issue. It should buffer in RAM to require only one write pass. Edit: I was wrong. They set a minimum k that wouldn’t easily fit in ram.
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Farming: you hold massive (101GB) bingo cards of mathematical proofs on your hard drive. When you receive a challenge, you first do a pre-filter on your bingo cards to see which of them could contain a proof. Within that filtered list, you find the closest proofs. The peer with the closest proof available wins the challenge and [currently] gets 2XCH. Plotting: you fill your free space with bingo cards. You need 300-4…
Is there an expected limit of storage where your average drive would die of old age before it yields enough income?