Chia: because there was a computer part too cheap and unused by crypto

Pekelo

Pekelo

Gene Hoffman, the president of Chia Network, admits that “we’ve kind of destroyed the short-term supply chain” of drive manufacturers

https://www.newscientist.com/articl...troyed-hard-disc-supply-chains-says-its-boss/

Chia fan's points:

Arguments for Chia;

  • HDDs are very recyclable, almost all of their raw materials can be reused.
  • Farming consumes much less electricity than proof of work crypto mining.
Arguments against Chia;

  • The occupied HDD space is utterly useless.
  • Demand for more HDDs will mean increased waste of resources for manufacturing new drives & recycling old ones.
  • Plotting uses electricity & kills SSDs (true, but not a big factor as some people make it out to be).
  • Chia fucked the SSD/HDD market up, causing unnecessary pain on the consumers that actually need the hardware.
  • Did we really need yet another crypto coin?
My arguments for butting in;

  • $$
  • Motivation to build the NAS I wanted to for a few years now.
 
Can't those crypto clowns not reward actual work that benefits humanity? Like farming or gardening. Like 1000 lettuce heads gers you 1/100 btc or so...
 
come at me bro
21218_chia-network-farming.jpg
 
Take a look at this graph of Chia Coin hard drive usage: https://www.chiaexplorer.com/charts/netspace

I posted about it on May 2nd, when Chia was using 1.5 Exabytes. In less than 1 month, that usage has almost 10x. The chart doesn't tell the full story either because there is several weeks lag time from when drives are ordered to when they go online for mining. Usage is expected to be at 100 trillion gigabytes by the end of June.

https://www.elitetrader.com/et/thre...-cryptocurrencies-vps-almost-sold-out.358121/

upload_2021-5-28_6-2-38.png
 
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