I have admit over the last 2 months I setup a cryptocurrancy rig in my flat. Now when most people think about cryptocurrancy they think of bitcoin and the absolute insane amount of power going into mining bitcoins. This is why when I saw Bram Cohen (creator of BitTorrent) talk about creating something different (proof of space+time) I was always interested. To be fair I since BitTorrent I’ve been watching what he’s been up to, Bram is just one of those serial entrepreneur I keep an eye on.
After hearing about Chia, I downloaded the Linux app and got it up and running on a old laptop I use for bits and bobs. I would have used one of my my Raspberry PIs if I had Ubuntu installed. I plugged in a external USB to SATA SSD which I was using to run my old Dell XPS13 work laptop, when the internal drive got screwed up. Then plugged in a old USB to SATA caddy/docking bay with one of my old 2TB mechanical hard drives from my old server (pre NAS).
Then left it plotting and harvesting my 1 single plot for a month or so.
At the time, the estimated time to win a Chia was 8 months. As I had the laptop on doing other things all the time, it wasn’t a big deal for me. Actually removing my server and replacing it with the NAS, 2x Raspberry Pis and this laptop is actually less electricity than my single home made server with 7 drives and 4 fans. I hear most of you say wtf! I do have a lot of devices on in my flat and my electricity is high compared to typical single person but everything else (heating, water, etc) is low.
It was about 4-5 weeks when I was telling someone about Chia and noticed I had harvested 2 chia’s unbeknownst to me. To be clear I have 1 single 100gig plot and although I tried setting up 2 plots afterwards in parallel, I decided it was too much for my old laptop’s little quad core CPU and switched back to a single 100gig plot again (to be clear its more the parallel part which was the problem and CPU is only really used)
With all this in mind, I was introduced to the Reddit subthread for Chia, where I saw people building massive rigs to plot and harvest. Its quite insane and then hearing how Chia is being blamed for shortages in HDDs and SSDs. Of course why most people are interested in Chia (including myself) is the proof of space & time rather than proof of work. This realistically could be far more sustainable than proof of work models like Bitcoin. I say “could” because seeing these massive rigs seems to throw oil over the notion of Chia’s green attributes.
Although its tempted to add some more plots, I’m not going to change my setup because its sustainable for me. Little has changed on my network or on my physical desk. Getting in early was something very good but I got lucky with 2 Chia already.
Yesterday a friend mentioned Elon had tweeted about Tesla not taking Bitcoin for their electric cars.
I can’t say anything profound about Chia except I’m more than interested because its not just a speculated currency like Bitcoin. Although the price is super surprising for a new cryptocurrency. I said similar about Ethereum because of the smart contracts, NFTs and other things. The currency side is only slightly interesting while things like ChiaLisp for Identity spikes my interest.
We all knew it was coming but it feels so strange seeing Paypal supporting Crypto. Especially certain ones over others.
Actually buying some Ethereum is pretty straight forward. You can pick anything linked to Paypal including your credit and debit cards (which is slightly troubling).
