Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by bitcurious on Monday July 05, 2021 @10:17AM
(#27738244)
> Chia is basically turning wasting electricity into wasting silicium (or whatever tapes/harddrives are made from).
That depends on the price of chia. The economics as intended by the chia team are that buying hdd just to farm chia isn’t profitable - only using spare capacity is. We’re already pretty close to that point, with the breakeven on new hdd purchases being about 1 year assuming no further network growth, which of course is a bad assumption.
That depends on the price of chia. The economics as intended by the chia team are that buying hdd just to farm chia isn’t profitable - only using spare capacity is. We’re already pretty close to that point, with the breakeven on new hdd purchases being about 1 year assuming no further network growth, which of course is a bad assumption.