I do not know if you noticed, there's a new kid on the block!
Chia and the native token, XCH is a new proof of space (yes!) that is using storage space on hard drives in order to be farmed.
Apparently, this has already messed with HD stock around the world as people are trying their luck farming this coin.
Chia has been developed by Bram Cohen, you may know him as he was behind BitTorret, so I guess this is a good start?
It's a. very new project launched this month and already making headlines.
The proof of space and time is a unique consensus mechanism using space both on hard drives (HDD) and SSD's. Farmers need to write 100GB plots on their drives and when a new block is added to the blockchain you win a reward.
There are already people chatting about HD dying left and write.
Also, interestingly enough if you look closer into SSD you will realise you have a limited number of times you can fill a drive before it reaches their lifespan.
It's an interesting concept and I have a 28TB monstrosity due to my media work but I need to look more into it.
Let me know if have already had a look. at this and what your thoughts are!
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I heard that for individuals it is not worthwhile anymore due to the extreme run of million people to it, and the plotting is quite exhaustive for the drives.
Yes, many people have jumped on this.
Same here, not entirely sure if it worths doing it but specifically for me, a million hard drives has been something that has been haunting me due to my work so I may give it a go.
There was a calculator somewhere so if you already have large hd sitting, it may worth a go? I need to look more into it but thought it would be useful to give a brief presentation to people who may have not heard of it before :)
https://chiacalculator.com/
yes!
Not bad at all I'm just getting to know about this token Chia.
I don't think is so bad on the way it operates also knowing it can be a green alternative to Bitcoin.
I would also love to know how this works getting to know it based on use of space.