I did a quick read on that. Some people have 200 TB of storage already. I'm sure some data center will eventually house a huge chunk of that network, I think 7000 TB is the current size.
I can't imagine how to run this as a home miner, I mean, I could get 32 TB of HDD maybe. Or someone makes a USB hub thing that accepts ... well, there are 49 port hubs, with 8 TB per port, you could get 400 TB on one "server".
I can't wait for Samsung to drop their prices on that 16 TB SSD. But then I'd probably use it for "real" stuff, not as PoC mining.
Right, but the difference is, a data center can't just pick it up and go with it, unless they want to completely shut down their operations and move to mining BURST only, because you must fill your space with hashpower, therefore you must DEDICATE yourself to the process.
People, with large amounts of space, are the ones who believe in the algo, and the coin, and our team. They are dedicated to the process. Data centers wouldn't risk shutting down their entire operation for a mining farm, I highly doubt it.
yes, there would be the few that decide to make huge farms, but the fact is, that since the power usage is basically null, anyone can mine, and will just because they can, takes no specialized setup, and takes no effort, and you get some sort of payout, no matter how small it ends up.
There are many people who love mining, and will go all out, but there are the people available to setup small amounts of free space for fun, not damaging hardware, and using what they currently have just to say they're helping secure the network.
Also, has none of the issues that PoS has, won't even go there. Using the same amount of power for a truly advanced PoW style of mining.
I truly think this is the way things stay more decentralized.
Also, it costs much less to setup 'big farms', so there will be more, and the people running them don't have to be super specialized or setup warehouses just for it, a garage with normal power circuit is perfectly fine, and can run a pretty massive amount of 5w/drive miners.
Not to mention the ability to mine on ultra low powered devices could bring in the people with fully off grid systems who could never mine traditional algorithms with GPUs or ASICS.
Then, the resale value is another plus, storage hardware is always able to be sold at good prices. You decide you're done, you sell off your stuff with a solid return and retire happily.
my 2 sats.