05-28-2021, 02:56 AM
A coin called "Chia" is gobbling up 1,125,000 TB storage per day. Just to farm this
<!-- SC_OFF --><div class="md"><p>Chia is a coin that works on a proof of time space consensus. I.e. to farm this coin, one must allot dedicated hard drives and allot the space (known as plots), and get rewarded for it. Sounds good on paper, and one could even be tempted to think they may put that spare 500 GB space left and earn some passive income on it. </p> <p>Except, this one already requires industrial grade storage space, just to farm a token that has almost zero adoption anywhere. </p> <p>As you can see from this coin's explorer, the storage is growing by almost 1000 PiB per day, in the last few days. </p> <p><a href="https://www.chiaexplorer.com/charts/netspace">https://www.chiaexplorer.com/charts/netspace</a></p> <p>1 PiB = 1125.9 TB. </p> <p>So a growth of 1000 PiB per day => almost 1125000 TB of storage per day is added onto this network, just to mine these coins. This equates to 1.1 million 1 TB drives added per day just to support farming on this network!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Set1Less"> /u/Set1Less </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nma59l/a_coin_called_chia_is_gobbling_up_1125000_tb/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nma59l/a_coin_called_chia_is_gobbling_up_1125000_tb/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Chia is a coin that works on a proof of time space consensus. I.e. to farm this coin, one must allot dedicated hard drives and allot the space (known as plots), and get rewarded for it. Sounds good on paper, and one could even be tempted to think they may put that spare 500 GB space left and earn some passive income on it. </p> <p>Except, this one already requires industrial grade storage space, just to farm a token that has almost zero adoption anywhere. </p> <p>As you can see from this coin's explorer, the storage is growing by almost 1000 PiB per day, in the last few days. </p> <p><a href="https://www.chiaexplorer.com/charts/netspace">https://www.chiaexplorer.com/charts/netspace</a></p> <p>1 PiB = 1125.9 TB. </p> <p>So a growth of 1000 PiB per day => almost 1125000 TB of storage per day is added onto this network, just to mine these coins. This equates to 1.1 million 1 TB drives added per day just to support farming on this network!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Set1Less"> /u/Set1Less </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nma59l/a_coin_called_chia_is_gobbling_up_1125000_tb/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nma59l/a_coin_called_chia_is_gobbling_up_1125000_tb/">[comments]</a></span>Kind Regards R