In about a month Chia
The storage area allocated to the network is 1143 PB from 120 PB 1.14 exabytes. Let’s also note that 14 EBs are equal to 1. 140.000 TB or 63.333 20 TB hard drives.
Chia is a testament to the space-time cryptocurrency that uses storage space in farmers’ systems to store a collection of cryptographic numbers called plots. When the blockchain issues a challenge for the next block, farmers’ systems scan their land to see if they have the hash closest to the challenge. This method eliminates the Proof of Work concept used by Bitcoin and Ethereum, reducing the large power requirements required for mining, which Chia developers call ‘agriculture’.
Also, someone with more free space has a good chance of winning. Therefore, accelerators and GPUs are not needed for Chia farming, while someone with more storage space can earn more to house more land.
Currently, approximately 350 GB of storage space and 4 GB of RAM are required for each plot. Therefore, when you want to store 100 plots, a system with 35 TB of space and 400 GB of RAM is needed.
Thousands of Chia farmers are now building machines with dozens of HDDs that can store tens of terabytes of data. Such drives consume about 6.5 W when running and about 5.6 W when idling. Hundreds of Watts of energy are consumed while so many HDDs are running. Even with you An Intel motherboard with 32 SATA boards has been developed for Chia farming. we also shared. For example, if such a motherboard with 32 SATA ports is running, a system with 32 Western Digital HC550 18TB HDDs can consume about 180W when idle. The power consumption of the memory and compute modules must also be taken into account.
As a result, the equipment used for Chia farming needs to be specifically designed for this purpose. Note that in about a few months a new hardware market has developed for Chia farming.
It looks like the amount of storage space used by the Chia network will be massive a year from now.