• One of my clients called me in a panic the weekend before last because he had spent $50k on NVMEs and wanted advice on how to set them up for Chia.

    The thing is, the way the Proof of Space mechanism is configured for Chia means that people really are likely wasting their money. The alg has been designed in such a way as to discourage panic buying. A lot of people are about to realise they've wasted their money.

    My guy has sent all his kit back after realising that it wouldn't be practical to or profitable.

    Quite disappointed that the people writing the storage arms race articles haven't spent the time to read about how it works and why it won't be sustainable to throw hardware at it.

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