News Sky Dirt: Backblaze Introduces Cloud-Based Chia Farming

[Admin]

Backblaze announced that Chia farmers can now upload their plots to the cloud, with prices starting at $5 per TB per month.

Sky Dirt: Backblaze Introduces Cloud-Based Chia Farming : Read more

 

[velocityg4]

That makes no sense financially. It would make more sense to simply buy Chia at that point. As you're betting on the value going up a lot to make the investment profitable.

 

[spongiemaster]

That makes no sense financially. It would make more sense to simply buy Chia at that point. As you're betting on the value going up a lot to make the investment profitable.

Chia crashed 20% today. You would literally be losing money at the current price as 1 TB would return less than $5 a month.

 

[Olle P]

That makes no sense financially. ...

If you get buyers it makes perfect sense to provide storage space for hire.
It's a stable income while the Chia value fluctuate.
(Just like gambling is profitable for bookmakers and share trading is profitable for brokers.)