• Latest
Chia In Spotlight Amid Global Hard Disc Shortage

Chia In Spotlight Amid Global Hard Disc Shortage

May 29, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

Chia In Spotlight Amid Global Hard Disc Shortage

coinnewsdaily by coinnewsdaily
May 29, 2021
in Alt Coin
0
Chia In Spotlight Amid Global Hard Disc Shortage
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Chia In Spotlight Amid Global Hard Disc Shortage 101
Source: Adobe/bdavid32

Chia Network uses proof-of-space (PoSp) consensus algorithm in an effort to absorb less energy. Nevertheless, these discs still need power to produce and run, and a few reports indicate that hardware included in PoSp mining may be rendered futile only following a few weeks.- A Closer Look in the Environmental Impact of BTC MiningWhat is more, the Chia network has increased by nearly one exabyte (974 PiB) from the previous 24 hours based on Rick Branson, engineer in PlanetScale. “The scale of this is not easy to understand,” he said.You might have read the 2014 Burstcoin bitcointalk thread but ooohhhhhh no, that this coin is Bram New, no history to learn from whatsoever The mainnet of this network was launched this past March. XCH cost chart:Chia Network, the programmer of blockchain and”smart trade” platform with a cryptocurrency branded as a”green” option to BTC (BTC), has reportedly caused a global lack of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ poor impact on the environment.____At 13:08 UTC, Chia’s XCH, ranked 119th by marketplace capitalizatio, trades in USD 779. It’s down 5 percent a day and 22 percent in a week, and 53% from its all-time large of USD 1,645 reach less than two weeks past, each CoinGecko.

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

In any scenario, earlier this week, Chia Network announced another powerful USD 61m round of funding, led by Richmond Global Ventures and Andreessen Horowitz. The company is also looking to launch an initial public offering possibly even within this season.”I plotted a few drives how come it says anticipated payoff in 32 years”Nic Carter, Partner in Castle Island Ventures, opined that this increase in hardware requirements is very likely to cause yet another reprisal from the crypto market. — notsofast (@notsofast) May 27, 2021

Know more:
– Chia Network’Opened Discussions’ With Investors, Debuts On Exchanges
– Proof-Of-Bitcoin Needed As Critics & Competition Unite To Perform Climate Card(Disclosure: one of Chia minority shareholders is Cypherpunk Holdings, that is backed and led by Cryptonews.com Founder Antanas”Tony” Guoga.) “We have kind of ruined the short term distribution chain,” he is quoted as saying, however, he also denied that this will become an ecological drain.Andrew M. Bailey, Associate Professor in Yale-NUS College, suggested that Chia would have been taken more seriously if its coin supply started as a fork of BTC’s UTXO set. The gain in demand for SSDs has reportedly caused cost increases, but Hoffman asserts that the increased demand pushed by Chia will lower the cost of hard discs as manufacturers ramp up production in the future.

Chia In Spotlight Amid Global Hard Disc Shortage 102
Source: coingecko.com

According to New Scientist, a few 12m terabytes of hard disk space was being used to mine Chia on May 26, viewing an exponential rise since its launching in March, together with the figure being at just 3m terabytes fourteen days prior. Also, some new miners are whining about the dearth of mining pools, leading to relatively unfair initial coin supply where only large miners are capable of creating fresh cubes and reaping block benefits.Omg newfren miners becoming rekt on chia
Before, Carter, a prominent BTC’s energy usage urge, got into a Twitter feud with Chia’s Founder/CEO and creator of BitTorrent, Bram Cohen, together with the debate revolving around the gaps in fair coin issues regarding proof-of-work and PoSp chains.

Tags: BitcoinBlockchainBTCchiaChia Networkconsensus algorithmCryptoCrypto Businessminingsupply chain
Share76Tweet48
Previous Post

Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins

Next Post

COMIT Network Creates Monero / BTC Atomic swaps available on mainnet

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
Load More
Next Post
COMIT Network Creates Monero / BTC Atomic swaps available on mainnet

COMIT Network Creates Monero / BTC Atomic swaps available on mainnet

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,393.00-0.81%
  • ethereumEthereum(ETH)$1,662.000.53%
  • tetherTether(USDT)$1.00-0.20%
  • binancecoinBNB(BNB)$329.150.70%
  • rippleXRP(XRP)$0.411360-0.14%
  • cardanoCardano(ADA)$0.4030590.49%
  • dogecoinDogecoin(DOGE)$0.0926190.91%
  • matic-networkPolygon(MATIC)$1.233.59%
  • okbOKB(OKB)$41.343.23%
  • solanaSolana(SOL)$24.55-0.06%
  • polkadotPolkadot(DOT)$7.017.02%
  • shiba-inuShiba Inu(SHIB)$0.0000131.85%
  • litecoinLitecoin(LTC)$99.530.26%
  • tronTRON(TRX)$0.063908-0.21%
  • daiDai(DAI)$1.000.04%
  • cosmosCosmos Hub(ATOM)$14.913.21%
  • chainlinkChainlink(LINK)$7.251.33%
  • ethereum-classicEthereum Classic(ETC)$23.052.89%
  • leo-tokenLEO Token(LEO)$3.37-0.12%
  • moneroMonero(XMR)$171.15-1.58%
  • bitcoin-cashBitcoin Cash(BCH)$137.460.49%
  • stellarStellar(XLM)$0.0924460.47%
  • filecoinFilecoin(FIL)$5.662.85%
  • crypto-com-chainCronos(CRO)$0.0809060.24%
  • algorandAlgorand(ALGO)$0.2696064.55%
  • vechainVeChain(VET)$0.0247171.90%
  • internet-computerInternet Computer(ICP)$5.860.35%
  • aaveAave(AAVE)$89.15-0.21%
  • eosEOS(EOS)$1.092.01%
  • elrond-erd-2MultiversX(EGLD)$45.570.22%
  • theta-tokenTheta Network(THETA)$1.113.13%
  • tezosTezos(XTZ)$1.133.26%
  • paxos-standardPax Dollar(USDP)$0.99-0.79%
  • huobi-tokenHuobi(HT)$5.71-1.65%
  • bitcoin-cash-svBitcoin SV(BSV)$43.451.56%
  • havvenSynthetix Network(SNX)$2.550.34%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.313.31%
  • dashDash(DASH)$62.471.92%
  • iotaIOTA(MIOTA)$0.2359731.29%
  • neoNEO(NEO)$8.88-2.47%
  • makerMaker(MKR)$693.362.46%
  • zcashZcash(ZEC)$46.721.73%
  • zilliqaZilliqa(ZIL)$0.0291462.17%
  • basic-attention-tokenBasic Attention(BAT)$0.2751882.38%
  • compound-governance-tokenCompound(COMP)$54.032.00%
  • nemNEM(XEM)$0.0403373.93%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.821.67%
  • sushiSushi(SUSHI)$1.572.96%
  • bitcoin-goldBitcoin Gold(BTG)$17.24-1.04%
  • qtumQtum(QTUM)$2.781.50%
  • wavesWaves(WAVES)$2.8811.24%
  • yearn-financeyearn.finance(YFI)$7,884.222.50%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2512621.18%
  • omisegoOMG Network(OMG)$1.577.51%
  • ontologyOntology(ONT)$0.2212623.48%
  • digibyteDigiByte(DGB)$0.0111071.48%
  • umaUMA(UMA)$2.121.69%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%