Chia network capacity soared 8250% in two months
The total capacity of Chia network has grown almost a hundredfold in just a couple of months, reaching a new high of 10 exabytes.
Cryptocurrency project Chia (CHIA)’s network capacity has grown by 8250% since its launch. WCCFTech analysts were the first to notice it. At the time of writing, Chia’s network volume is 10,020 petabytes (10 exabytes).
For example, as Overclockers found out, Toshiba’s hard drive shipments for Q1 2021 were about 39.7 exabytes. Recall that CHIA mining consists of two stages: plotting and shaping.
Plotting is similar in concept to lottery drawing, where the winning ticket is called a raft. Farming, on the other hand, is responsible for using rafts to generate a block and get a reward in the form of CHIA tokens. That said, rafting depends mostly on processing power, RAM, and disk speed.
As WCCFTech found out, the most common plot size is K32 (101 gigabytes). To generate one K32 raft, a miner would need at least 2 threads, about 3.4 gigabytes of RAM and about 1.6 tebbytes of writes. Thus, to generate 1,010 rafts, the NVMe flash drive protocol would burn 1.6 petabytes of data. For example, a 1TB Samsung 970 EVO Plus SSD drive will only be able to write 375 K32 rafts before it fails.
As a reminder, it was previously reported that farming “green bitcoin” fails a 1TB hard drive in just three months. An SSD with 512 GB will only last for 40-50 days of active CHIA mining. At the same time, the SSD itself with that amount of memory without farming can last up to five years. The price of CHIA at the time of writing is $747.3.
