Chia farming can reportedly ruin a 512GB SSD in 40 days

duckofdeath

Posts: 377   +481
Conversely if you have some old drives lying around you're able to monetize that resource in a way you couldn't before.


Did you get lost on the way to Xbox Live or Gamefaqs?
Have you tried installing the malware dispenser they make? It's a clusterfudge of adware. So, the point stands on both issues. The currency is mostly an incentive to sell obsolete drives and the proof is the creator who just doesn't give as fudge.
 

fl21289

Posts: 242   +290
Anyone wanna bet on when sound card manufacturers creates a scam mining craze to sell off their excess stock?
How about WiFi card mining?
USB hubs could be sold off with that, too.

Haven't you heard of Helium? Making a very nice profit monthly and its pretty much an AP on a Raspberry Pi :)
 

Inthenstus

Posts: 31   +33
TechSpot Elite
Yeah, I got a few of those. The only question is, if the drive fails, do you lose what you've "earned"?

Another possibility is using microSD cards as Chia drives. They're pretty cheap at the 512GB size-point and don't generate a lot of e-waste.
No, your rewards are saved to the blockchain. I can turn my computers off now and access my wallet on any computer. When you setup your account you receive a 26 phrase key. With that key, you can access your wallet. I have thought about using microSD cards, haven't given it a shot yet. They're about $50 for something in that size versus a 1 or 2 TB drive for the same price.
 

Inthenstus

Posts: 31   +33
TechSpot Elite
Well that's all good then. I have two 512GB microSD cards that came with USB adapters. Just like all other forms of memory, microSD cards are made by Samsung, Hynix or Micron, regardless of what's on the vendor's label.
Plotting and farming are part of the same thing. You have to plot first, plotting is basically creating a giant bingo card that can be taken from one game to the next (aka the block challenges). You can stop plotting after the first one, or continue until you can't afford more drives. It is your choice, the more bingo cards you have, the higher chance you have of winning. Farming is the long typical "mining" part. You PC will receive a new blockchain challenge and scan your bingo cards for an answer. If there is no BINGO, it will check again on the next plot. Reading from the farming drives uses very little system resources, you can play games, work, etc during this process. Plotting on the other hand depending on your settings can peg your CPU and RAM at 100%. But again, you only do this if you want more bingo cards.
 

Avro Arrow

Posts: 1,256   +1,386
TechSpot Elite
Plotting and farming are part of the same thing. You have to plot first, plotting is basically creating a giant bingo card that can be taken from one game to the next (aka the block challenges). You can stop plotting after the first one, or continue until you can't afford more drives. It is your choice, the more bingo cards you have, the higher chance you have of winning. Farming is the long typical "mining" part. You PC will receive a new blockchain challenge and scan your bingo cards for an answer. If there is no BINGO, it will check again on the next plot. Reading from the farming drives uses very little system resources, you can play games, work, etc during this process. Plotting on the other hand depending on your settings can peg your CPU and RAM at 100%. But again, you only do this if you want more bingo cards.
That's very interesting. I wonder what the actual point of it is, like, what the computer's resources are actually used for.
 

terzaerian

Posts: 923   +1,323
So I decided to sit down and research and try this first-hand. It does appear I am mistaken on one count: Chia, in its current iteration, doesn't do cloud storage, though the total space allocated on the network is quantified by the client in a way that suggests it. I got confused by its close association in time with the likes of Filecoin and Storj, which are cloud storage utility tokens powered by hard disk space allocations; Chia, in this current point in time, looks to purely be a proof of concept for its "Proof of Time and Space" algorithm.

That said, it does seem to support on-chain smart contracts through Chialisp, so it's possible that utilities, such as cloud storage, could conceivably be run on-chain down the road, but it doesn't seem to offer this as of yet.

In terms of the user experience, it's not too bad. For some reason it seemed to take a while to generate a seed phrase for me, but once that hurdle was cleared it was off to the races, and their client neatly combines the node, wallet, and farming functions under one GUI. I decided to run it on my old 2013 build which has a couple idle 1TB Toshiba HDs in it. Plotting is going to take a while but this machine is also my seeder box and thus is always online anyway. It will be nice to cut down on its power use and finally give its old second-hand 1050 TI a rest from mining.

So I'm a little disappointed that there doesn't seem to be a hard utility behind the token after all, but intrigued by the possibilities the proof of concept offers.
 

Markoni35

Posts: 1,078   +442
CO2 footprint of cryptocurrencies is huuuuuuuuge. Not just mining, but transactions as well. All the transactions have to be updated on millions of computers, almost simultaneously. And continuously. Power consumption per transaction is abnormally higher than for normal online transactions.

And yet, somehow, Greta is okay with that. All the "greenies" totally support crypto. Yes, those same that get totally foamy when seeing people having barbecue in their backyard (using coal, of course, not electricity).

It clearly shows they don't really care about CO2. It's a political decision. Everything those people push has a completely different meaning than advertised. When everyone switches to crypto, and at the same time everyone switches to electric cars....... they better have fusion power plants ready. Or antimatter.

Because fission is deadly and we don't want it. And nothing else can produce that amount of energy.
 

defaultname365

Posts: 27   +13
Miners should be jailed. They are criminals, e-criminals to be exact that the law has yet to catch up. They drive excess electricity, CO2 pollution and 'misuse' hardware components. The fact that these miners are "causing pain" to others - - jail term is appropriate. All the $$$ gained should be labeled as invalid.
 

Bobbydpue

Posts: 124   +77
Miners should be jailed. They are criminals, e-criminals to be exact that the law has yet to catch up. They drive excess electricity, CO2 pollution and 'misuse' hardware components. The fact that these miners are "causing pain" to others - - jail term is appropriate. All the $$$ gained should be labeled as invalid.

There is nothing illegal about mining cryptocurrency. How is a miner creating CO2 pollution? How many businesses in the world use electricity to make money? Why does it matter to you how someone uses their hardware? If I want to mine while I'm at work I don't see how that affects you.

If you are upset hardware is hard to get that's a legitimate issue, but giving exaggerating reasons is just manufactured outrage. Do you power your home via 100% renewable energy that you produce? Do you use central heat and cooling to keep your home comfortable? Do you use refrigeration to make the food you buy at the store last longer?
 

paul1122

Posts: 102   +75
Let aaaaalllll be completely honest with ourselves; ALL crypto "mining" - dont care what kind - has absolutely NOTHING to do with ANYTHING any of the "creators" of these things say it does. nothing to do with efficiency, being "green", security, etc etc etc.

there is only ONE point to ALL crypto and its the SAME reasoning that has been around for 1000's of years; "I want to make a lot of money for no effort"

people want to find a way to make cash without an education or training or any effort at all. its just another get-rich-quick scheme - and if you belong to a "pool" its a pyramid scheme where the pool owner simply gets as many people to join his pool as possible, skimming a little bit off each person, and just sits back and does nothing.

dont really care what anyone's rebuttal to this is - justify it however you want to sleep better at night - it doesn't change what it really is all about.

Everything in the world, even charity, is based in money. Every single thing humans do, goes the same way back to money as being related to Nicolas Cage.
 

NightAntilli

Posts: 610   +747
He’s not wrong lol
estimated-annual-energy-consumption.jpg
 
Let aaaaalllll be completely honest with ourselves; ALL crypto "mining" - dont care what kind - has absolutely NOTHING to do with ANYTHING any of the "creators" of these things say it does. nothing to do with efficiency, being "green", security, etc etc etc.

there is only ONE point to ALL crypto and its the SAME reasoning that has been around for 1000's of years; "I want to make a lot of money for no effort"

people want to find a way to make cash without an education or training or any effort at all. its just another get-rich-quick scheme - and if you belong to a "pool" its a pyramid scheme where the pool owner simply gets as many people to join his pool as possible, skimming a little bit off each person, and just sits back and does nothing.

dont really care what anyone's rebuttal to this is - justify it however you want to sleep better at night - it doesn't change what it really is all about.
I totally agree with you. Those selfish people don't care about the need of normal users. They are like locust.
 
Miners should be jailed. They are criminals, e-criminals to be exact that the law has yet to catch up. They drive excess electricity, CO2 pollution and 'misuse' hardware components. The fact that these miners are "causing pain" to others - - jail term is appropriate. All the $$$ gained should be labeled as invalid.
Miners should be jailed. They are criminals, e-criminals to be exact that the law has yet to catch up. They drive excess electricity, CO2 pollution and 'misuse' hardware components. The fact that these miners are "causing pain" to others - - jail term is appropriate. All the $$$ gained should be labeled as invalid.
Miners should be jailed. They are criminals, e-criminals to be exact that the law has yet to catch up. They drive excess electricity, CO2 pollution and 'misuse' hardware components. The fact that these miners are "causing pain" to others - - jail term is appropriate. All the $$$ gained should be labeled as invalid.

Did you know that 73% of the electricity used by crypto mining is carbon neutral and the trend line is showing that it will be well above 90% fairly soon? Did you know that crypto currency mining contributes less than .00001 of CO2 emissions overall and it is trending down even more? Farming or livestock produce 10,000,000,000 times more C02 emissions and uses magnitudes more energy than crypto mining and I do not see you advocating for people to stop eating or jailing live stock owners or crop farmers. Just because you do not like it does not make it criminal.
 

cliffordcooley

Posts: 12,740   +6,107
I do not see you advocating for people to stop eating or jailing live stock owners or crop farmers.
Yeah lets do that and see how well we can manage on an empty stomach. Surely you can see how that has little comparison to waste electricity on mining.
 
Yeah lets do that and see how well we can manage on an empty stomach. Surely you can see how that has little comparison to waste electricity on mining.
Did you know that insects are a much better choice for protein than meat? Insects use hardly any resources such as water and create nearly zero C02 emissions and use barely any electricity. Maybe we should criminalize live stock farmers for not harvesting insects for us to eat. See how this logic is flawed? There are thousands of industries and things that we do that waste energy or can be improved. Instead of criminalizing all those industries why not come up with ways to improve them?

Gaming (Xbox, PlayStation, PC, etc..) uses far more electricity and produce far more C02 emissions than crypto mining. Should we also criminalize gaming?

Another thing that is left out in the bitcoin mining debate is that the vast amount of electricity that is consumed is used during the creation of the bitcoin. After the bitcoin is created then the energy used to confirm transactions is next to nothing. Being that bitcoin is capped at 21 million the energy consumption will drop to nearly nothing to confirm transactions in the near future as no more bitcoins can be mined. Ethereum is also switching to proof of stake in the next year or two and energy consumption from Ethereum will drop by over 99% making bitcoin and Ethereum use vastly less energy than fiat currency. In the long run crypto is exponentially better for the environment than traditional fiat currency.
 

cliffordcooley

Posts: 12,740   +6,107
Maybe we should criminalize live stock farmers for not harvesting insects for us to eat. See how this logic is flawed?
Farmers farm what people eat. You go ahead and start that tradition. Come back to us when you no longer eat meat or veggies. Until then you are not living by your own words. That is how your logic is flawed.