Proof of Storage I have over 100 TB of HardDrive mining Burstcoin.
This is great news, for proof of storgae miners! With the purchase of many harddrives minning Burstcoin, and all the Drama behind the coin comes Chia.
I am super stoked for this new coin since I do have the hard ware to mine it. :)
Chia instead relies on proofs of space in file storage, which people often already have and can use for no additional cost. It combines this with proofs of time that disarm a wide array of attacks to which proofs of space are susceptible.
Yes you can mine Chia with your Hard drive space. This is going to be a wonderful coin. Super efficient low cost electricity and no real maintenance just maybe a swap of hard drives.
The killer will be the setting up of the hard drives though much like Burstcoin the plotting will be the bottle neck of the coin. I wonder if they will use a plotting idea. Well It wont be done till 2018 so fingers crossed it comes out sooner.
Chia Coin, the future!
As the creator of Bitorrent you know it will be complex but so easy to use and mine! No ICO crap for this Awesome coin.