Hard Drive and SSD Shortages Could Be Imminent If New Cryptocurrency Blooms(tomshardware.com)
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Hard Drive and SSD Shortages Could Be Imminent If New Cryptocurrency Blooms
https://www.tomshardware.com/news/hard-drive-ssd-shortages-imminent-if-new-cryptocurrency-blooms
2 comments
I'm really hoping this doesn't gain momentum. It's difficult to imagine how artificially increasing the demand for hard drives could be a net benefit for the world.
There's little performance advantage to SSDs over hard-disks since the proof of space only requires a few blocks to be read every (on avg) 5 minutes. This leaves them unable to compete against the much cheaper hard-disks.
Furthermore, the ROI on hard-disks bought just to mine this may be decades as there is already a glut of unused hard disk space. So there's no hard disk shortage to be expected.
As downsides to chia I see
1) the huge premine.
2) the large complexity of the proof of time + proof of space system.
3) the fact that the mining chain cannot commit to the tx history (instead the miner's private key signs for a block of txs as belonging to the mined header)
As downsides to chia I see
1) the huge premine.
2) the large complexity of the proof of time + proof of space system.
3) the fact that the mining chain cannot commit to the tx history (instead the miner's private key signs for a block of txs as belonging to the mined header)