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by freddiecoleman
1884 days ago
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Filecoin has 4.6 EiB of space, of which only 11 PiB is actually used for file storage. It also has insane hardware and staking requirements. We are talking about $10k of hardware (including CPU and RAM) and staking $20k of the coin just to get started. With Chia anybody can get started with their spare hardware. Right now, it is a gold rush and this is leading to shortage of supply especially in China. This is a short term phenomenon as there eventually comes a point where you cannot compete against people who just have spare hardware and therefore $0 upfront investment. |
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> This is a short term phenomenon as there eventually comes a point where you cannot compete against people who just have spare hardware and therefore $0 upfront investment.
Very quickly people with just a regular amount of spare storage won't have any incentive to bother, compared to those with racks of PiB of drives and dedicated plotting hardware streaming to it. It's already at the point where 1TB of plots would take a year or so to win a reward, and the difficulty is increasing exponentially, so it would actually be far longer.
Perhaps farming pools will eventually make it feasible to make something with spare space, but likely not enough for it to be worth most people's time.