Is The New Craze CHIA CryptoCurrency Worth It?
Recently there has been a lot of new hype around a cryptocurrency called CHIA. Yeah kind of reminded me of the cha cha cha chia pets if any of you remember that lol
Anyways this cryptocurrency claims it solves the issues facing POW Proof Of Work blockchains in that it's more energy efficient. While this is true and while the barrier to entry is low I wanted to dig into this more and give you a few important things to be mindful of.
CHIA is a blockchain and smart transactions platform that is *easier to use, *more efficient and *secure.
That line is taken from their website at chia.net and I put * next to each as I want to dive into each of them.
- Easier To Use
Yes, in fact getting setup only takes a few minutes and it simply runs in the background. Just download the code and blockchain and you'll be up to speed in no time after a syncing process.
- More Efficient
If your talking about power than yes. This chain runs off of free hard drive space you have which are called Farms. You setup these farms on your hard drive depending on size and how much room you want them to take up. Having more "farms" on your hard drive allows you a better chance to be selected to mine a block.
Yes, this requires much less power then running a bunch of GPU's or even CPU's the issue comes from wear and tear on your hard drive. You'll want to be using SSD's in this case but SSD's are prone to failures still for multiple read and writes to the hard drive and quickly degrades a SSD causing them to fail out and become trash. While a SSD does take up less room you're most likely going to start crashing them rather often with this new blockchain. So while you are saving the environment from electric costs you are in fact maybe being even more damaging to it as these hard drives will be going to land fills and being produced more and more.
- Secure
I haven't looked much into this but lets me honest. Unless you give up your keys, passphrase or hand over your open hardware wallet etc every block chain is rather secure for the most part. It really comes down to how you handle your data and info and not really the blockchain itself.
In my opinion no. Unless you have a low power computer hanging around with large SSD hard drives just sitting around then yes why not try mining it and giving it a shot.
I would highly discourage running it on a system you actively use in which you don't want to lose data or have your hard drive crash.
Are you mining CHIA? If so let me know in the comments and how your experience with it has been.
Posted Using LeoFinance Beta
I'm loving your crypto blogging lately.
(Not so much your proof of brain spam, but that's another issue ;) )
Add the markdown code for subheadings at the front of yours and it will take their SEO value to another level.
Google loves to see keywords in heading tags so just putting ## before the text, you'll help your content rank.
For example, you'd have:
"## What Is CHIA"
(without the quotes)
Posted Using LeoFinance Beta
I noticed that on Hive it has a SEO meta data area but didn't see it on any of the other UI's as of yet. Would be cool having some options to include that in for those who know what they are doing on the SEO front. Most of these platforms have some good weight to them to be able to rank.
Yeah, the PeakD interface is much better than leofinance.io in that regard. Sigh.
But the subheadings would be an easy win for really no extra effort on your behalf.
Posted Using LeoFinance Beta
P.S: I know some of my recent posts were a little subpar just a few off days and burned out honestly but looking to bump up that value again.
Posted Using LeoFinance Beta
No no, your posts are great. Keep doing what you're doing!
I would just rather be curating content that's focused on improving leofinance.io long term, not just looking to pocket a few shiny new hive-engine tokens.
All of your crypto focused blogs written from the LeoFinance front end, do this well :)
Posted Using LeoFinance Beta
Ah makes sense yeah I'm sticking with Leo on the front end for now. Wanted to try out POB a bit since there was hype around it at the moment. If anything means I can buy more Leo ;) lol
Yay! 🤗
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I have a spare laptop that will work, just need a suitable external hdd with fast enough write speeds.. looks like there might be roi to be had before it gets too popular and large data centres go hard. i'll be interested to see what happens in terms of pools..
Posted Using LeoFinance Beta