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A comment on New Chia coin crypto with Proof of Space may create shortage of storage device. Parent comment

Re:New Chia coin crypto with Proof of Space may create short... by woah on Wednesday April 21, 2021 @01:58PM (#26893177)
The tradeoff is very simple: spend $100 on electricity, or spend $100 manufacturing storage chips? Chia miners can't just decide not to spend the $100 buying more storage, because if they don't, someone else will, pushing up the storage requirement, and reducing their income.
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Re:New Chia coin crypto with Proof of Space may create short... by codsane on Wednesday April 21, 2021 @08:00PM (#26896958)
I'm familiar with the economics of mining, I don't know why it is thought that Chia was supposed to change that.

Their initiative is a GPU mining alternative which utilizes less power. The point of my comment was to emphasize that they have achieved exactly that.

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