4 ms·

Not yet, but when Chia pools become available the mining will take off and hdd prices will most likely rice

richwater 5y ago
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.
- josefresco 5y ago
  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/ https://www.burst-coin.org/
  - VOSgqcSyGdPhGWP 5y ago
    Why not do something useful with the space like FileCoin or Arweave?
    - josefresco 5y ago
      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.
      - VOSgqcSyGdPhGWP 5y ago
        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.
        lalaland1125 5y ago
        Do note that there is very little current use of Filecoin storage. Right now it's not too different from Chia.
Molly666 5y ago
I don't think using third-party mining pools is a good idea. From the point of view of data security, this is a very big risk. In addition, I am not sure that this coin will really be as popular as, for example, bitcoin. In addition, she is absolutely not eco friendly, as was originally stated. Greener alternatives like Сrypton https://utopia-ecosystem.org/ https://utopia-ecosystem.org/ are the best alternative.

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.

josefresco 5y ago
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/ https://www.burst-coin.org/
- VOSgqcSyGdPhGWP 5y ago
  Why not do something useful with the space like FileCoin or Arweave?
  - josefresco 5y ago
    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.
    - VOSgqcSyGdPhGWP 5y ago
      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.
      - lalaland1125 5y ago
        Do note that there is very little current use of Filecoin storage. Right now it's not too different from Chia.

Molly666 5y ago

I don't think using third-party mining pools is a good idea. From the point of view of data security, this is a very big risk. In addition, I am not sure that this coin will really be as popular as, for example, bitcoin. In addition, she is absolutely not eco friendly, as was originally stated. Greener alternatives like Сrypton https://utopia-ecosystem.org/ https://utopia-ecosystem.org/ are the best alternative.