| Will this technology make mining cheaper? Will this boost Chia mining? Chia mining, also known as Chia farming, is a form of cryptocurrency mining that relies on hard drive space instead of processing power. It uses a proof-of-space and proof-of-time model, where you plot large amounts of data onto your storage drives. The more storage space you have, the higher your chances of earning Chia coins. It’s a more eco-friendly alternative to traditional mining since it doesn't require as much energy. Why is Chia mining not so popular? One big factor is that Chia mining initially caused a massive surge in demand for hard drives and SSDs, which led to a shortage and price spikes. That kind of put a damper on its popularity for a while. Also, the profitability tends to be lower compared to traditional mining methods, and it requires a lot of storage, which can be expensive. [link] [comments] |
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