Re:The Next Backblaze Storage Pod
by josefresco on Thursday June 24, 2021 @01:49PM
(#27621358)
I looked into Chia mining as a hobby and was directed to Burstcoin. I don't know much about either, but Burstcoin advocates claim it's the "better" PoC.
Note: I went to double check something on the Burstcoin website and realized today, June 24th they changed their name to Signum - https://www.burst-coin.org/
Re:The Next Backblaze Storage Pod
by VOSgqcSyGdPhGWP on Friday June 25, 2021 @09:38AM
(#27630602)
Why not do something useful with the space like FileCoin or Arweave?
Re:The Next Backblaze Storage Pod
by josefresco on Friday June 25, 2021 @12:11PM
(#27632620)
Cool thanks! I didn't know about either, I'll check them out. Are you suggesting Burstcoin is not useful? How do the 4 (Chia/Burst/FileCoin/Arweave) compare? What are FileCoin and Arweave used for now?
FWIW the Burstcoin community have been very helpful, and they have a Windows client which was nice for a "hobbyist" like me.
Re:The Next Backblaze Storage Pod
by VOSgqcSyGdPhGWP on Friday June 25, 2021 @02:46PM
(#27634774)
Bitcoin may be useful but the calculations done for its proof-of-work don't do anything useful outside of Bitcoin. The same is true of Chia. It uses up hard drive space as a mechanism to validate transactions but IIRC that space is essentially random bytes. On the other hand, with arweave or filecoin you are storing files for people.
Re:The Next Backblaze Storage Pod
by lalaland1125 on Friday June 25, 2021 @03:44PM
(#27635374)
Do note that there is very little current use of Filecoin storage. Right now it's not too different from Chia.
There's a massive amount of premined chia controlled by the "chia strategic reserve".
It will take a decade for the amount of mined value to equal the pre-mined value.