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Re:The Next Backblaze Storage Pod by richwater on Thursday June 24, 2021 @01:12PM (#27620712)
Chia is a literal scam.

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.

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.