What’s the backstory on the Chia refugees?

(Thinking-out-loud: All the recent Chia refugees coming to Storj are also often dragging along a bunch of GPUs they used for plot-compression. But I understand not wanting to take on vast.ai just yet :wink: )

Curious, I looked at Chia when that project started but have been unplugged for a long time. What’s the backstory on the Chia refugees? Any good links for more info?

it’s not that complicated. there were a lot of crypto miners buying up hard drive space to farm chia. But chia has become less or un-profitable, depending on your electric cost.

People with excess hard drive space look for a way to deploy it profitably.

That’s actually how I found storj a year or two ago (after I had sold off my chia drives, lol).

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I made a thread about it some time ago, when one of the larger Youtubers shut down:

Long story short; chia is no longer profitable for most, and the “farmers” are turning off.

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