141–150 of 188 posts
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.
Earlier quoted context omitted.
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.
Farming status: Farming
Total chia farmed: 0.0
User transaction fees: 0.0
Block rewards: 0.0
Last height farmed: 0
Plot count: 2
Total size of plots: 202.674 GiB
Estimated network space: 7357.090 PiB
Expected time to win: 20 years and 1 monthEarlier quoted context omitted.
Can you "plot" at the chip factory (producing some sort of pre-plotted ROM) or does it have to be updated in some way?
The plots are each unique, and are too large (hundreds of GB) to represent as a ROM.
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.
That’s actually pretty simple if you can live with centralization ... just certify CO2 offsets for example for each coin purchased. Then again ... what’s the point of putting that on a blockchain?
We have something like this in France. Energy providers (for example EDF, Electricité De France) must buy a certain number of CEE (Certificats d'Economie d'Energie, I think the concept is white certificates) every year, or face heavy fines (big enough that buying certificates is a big part of their activities).
As an example: let's say I want to change my window to have more isolation, which will reduce my energy consumption. This can produce a CEE, that I can "sell" to EDF, which will help financing the change.
Some people think Chia is so much better because of it uses SSD / Storage rather than GPU. I think this could be far worse. Not everyone needs a GPGPU, but everyone need NAND and SSD. And it already causes price hike for SSD we will soon see something similar to chip shortage. The DRAM Fab which could be quickly retooled to NAND will be part of this equation as well. This is not good.
Nah. The expected ROI on a given TiB of storage is halved with each doubling of Netspace[0][1]. The current return is ~$1.50/TiB/Day. As the expected return declines, farming CHIA will become less attractive than other crypto 'investment' opportunities, and the whales will turn their attention elsewhere.
I'm guessing that netspace starts to level out after another doubling or two--assuming the exchange rate remains the same.
[0]https://www.chiaexplorer.com/charts/netspace [1]https://www.chiaexplorer.com/charts/xchTib
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.
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.
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.
How about this: companies give out coins in exchange for useful labor contributions in the form of answering calls, stocking shelves, writing code...