I was fascinated, the idea sounds good at first. If you have free hard disk space available, you could make money with it.
I made a couple of so called „plots“, six in total. No problem, there are still over 4TB free on my NAS. And whow, only a short 3 year waiting period.
With one plot you were between 11 years and a week later at 13 years. But in the week before that, at 7 years with a plot:
Within the creation time, from the first to the sixth plot, the blockchain grew from 1.8 EiB to 3.3 EiB! Enough market capitalization is available in the meantime and the CHIA went on the coin exchanges.
But then I have to allow a look at my stats of my new NVME. And now I’m a little scared:
root@heiteira /home/breit # smartctl -a /dev/nvme0
smartctl 7.0 2019-05-21 r4917 [x86_64-linux-5.3.18-57-default] (SUSE RPM)
Copyright (C) 2002-18, Bruce Allen, Christian Franke, www.smartmontools.org
=== START OF INFORMATION SECTION ===
Model Number: Samsung SSD 980 PRO 1TB
Serial Number: S5GXNF0R343228M
Firmware Version: 2B2QGXA7
PCI Vendor/Subsystem ID: 0x144d
IEEE OUI Identifier: 0x002538
Total NVM Capacity: 1.000.204.886.016 [1,00 TB]
Unallocated NVM Capacity: 0
Controller ID: 6
Number of Namespaces: 1
Namespace 1 Size/Capacity: 1.000.204.886.016 [1,00 TB]
Namespace 1 Utilization: 677.679.161.344 [677 GB]
Namespace 1 Formatted LBA Size: 512
Namespace 1 IEEE EUI-64: 002538 b311b16dc1
Local Time is: Mon May 10 21:13:29 2021 CEST
Firmware Updates (0x16): 3 Slots, no Reset required
Optional Admin Commands (0x0017): Security Format Frmw_DL Self_Test
Optional NVM Commands (0x0057): Comp Wr_Unc DS_Mngmt Sav/Sel_Feat Timestmp
Maximum Data Transfer Size: 128 Pages
Warning Comp. Temp. Threshold: 82 Celsius
Critical Comp. Temp. Threshold: 85 Celsius
Supported Power States
St Op Max Active Idle RL RT WL WT Ent_Lat Ex_Lat
0 + 8.49W - - 0 0 0 0 0 0
1 + 4.48W - - 1 1 1 1 0 200
2 + 3.18W - - 2 2 2 2 0 1000
3 - 0.0400W - - 3 3 3 3 2000 1200
4 - 0.0050W - - 4 4 4 4 500 9500
Supported LBA Sizes (NSID 0x1)
Id Fmt Data Metadt Rel_Perf
0 + 512 0 0
=== START OF SMART DATA SECTION ===
SMART overall-health self-assessment test result: PASSED
SMART/Health Information (NVMe Log 0x02)
Critical Warning: 0x00
Temperature: 34 Celsius
Available Spare: 100%
Available Spare Threshold: 10%
Percentage Used: 0%
Data Units Read: 32.742.182 [16,7 TB]
Data Units Written: 29.863.229 [15,2 TB]
Host Read Commands: 113.055.126
Host Write Commands: 88.847.725
Controller Busy Time: 590
Power Cycles: 9
Power On Hours: 238
Unsafe Shutdowns: 2
Media and Data Integrity Errors: 0
Error Information Log Entries: 0
Warning Comp. Temperature Time: 0
Critical Comp. Temperature Time: 0
Temperature Sensor 1: 34 Celsius
Temperature Sensor 2: 44 Celsius
Error Information (NVMe Log 0x01, max 64 entries)
No Errors LoggedData Units Read: 32.742.182 [16,7 TB]
Data Units Written: 29.863.229 [15,2 TB]
For just 0.6TB on my NAS. No NVME will survive this for long!
You should think twice about whether it is worth it, especially since how much space can you really give up permanently?
How many hard drives are there in 5.1 EiB worldwide (as of May 15, 2021)? Just recalculated:
1 EiB ~= 1152921 TB and 504 GB
Then multiply the result by 5. And are they all connected to this BlockChain at this moment? Are they all online just for that?
A new hype and a big black hole for pointless waste of resources. The Chia is not „greener“ than the BitCoin. It’s not like people sacrifice their free space in order to generate money with it. These people have no chance of being selected with their few TB (chia selection process). It will therefore run in such a way that there will be further hardware and chip shortages in the future, because greedy companies already stock up on hardware in order to be able to generate this new crypto currency. And similar to graphics cards, the prices for NVME’s and SSD’s will soon explode.