The capital expenditures for hardware (CapEx) and operational expenses for power, cooling, networking, and data center efficiency will determine the success of chia farming. Storage power efficiency is measured in TB/W and includes the overhead of the supporting hardware infrastructure used to host the storage devices. Still, the storage devices themselves are the most expensive upfront cost in Chia farming. The Chia network also consumes energy during the plotting process, which generates cryptographic data before farming for the proof of space and time.
Energy consumption in kWh can be calculated by assuming an estimated percentage of the network using consumer hardware with spare capacity (underutilized resources already owned), which are very efficient due to the transition in mainstream computing devices to SSDs over the last decade, as well as the percentage of dedicated farmers using dense storage configurations with data centroid.
An exbibyte (EiB) is a unit of measurement for data capacity. The prefix exbi- was created as part of the binary system for measuring computing and storage capacity.
Using the same prefix to refer to both the power-of-10 and the power-of-two multipliers was not a problem in the early days of computing.
Data storage capacity was much lower back then than it is now, and the difference in values generated by the two systems was relatively small.
In the metric system, one kilobyte (KB) of data capacity equals 1,000 bytes. 1 KB of data equals 1,024 bytes in the binary system. That's a 24-byte difference between the two systems, which is insignificant in many situations.
Based on the current Netspace of 32.4 EiB, the average power consumption is 49862 kW as of 8/1/2021.
Exbybte in measurements
An exbibyte is one of the more extensive measurements on the binary scale, measuring 1,152,921,504,606,846 976 bytes. It has a higher binary capacity than the following measurements:
- A kibibyte (KiB) -- an EiB is equal to 1,125,899,906,842,624 KiB.
- A mebibyte (MiB) -- an EiB is equal to 1,099,511,627,776 MiB.
- A gibibyte -- an EiB is equal to 1,073,741,824 GiB.
- A tebibyte -- an EiB is equal to 1,048,576 TiB.
- A pebibyte -- an EiB is equal to 1,024 PiB.
A pebibyte (PiB) is a unit of data capacity measurement. The prefix pebi was developed as part of the binary system for measuring computing and storage capacity based on the powers of two.
Pebibyte in measurements
A pebibyte is at the higher end of the binary measurement scale. It is greater than the following binary data capacity measures:
- A PiB is equal to 1,125,899,906,842,624 bytes.
- A kibibyte (KiB) -- a PiB is equal to 1,099,511,627,776 KiB.
- A mebibyte (MiB) – a PiB is equal to 1,073,741,824 MiB.
- A gibibyte -- a PiB is equal to 1,048,576 GiB.
- A tebibyte – a PiB is equal to 1,024 TiB.
Calculate EiB and PiB
For example, if you choose a K= 33 (208.8GiB) plot size, the number of plots is 6357, equivalents to 1.27PiB.
You can use the Chia Farming Calculator to determine whether or not you will be profitable.