Bitcoin-PoCX .. using harddrives for mining, viable project?

[McFox]

Has anyone heard of https://bitcoin-po.cx yet?
Concept of replacing GPU mining with HDD mining seems interesting but I'm no crypto expert, so I don't know if this is just another shitcoin or a serious longterm alternative if the project really takes off.

Any experts here to give some feedback?

 

[kugelblitz]

It is a well known solution to PoW and PoS census mechanisms.

Proof of space - Wikipedia

en.wikipedia.org

The biggest problem is that storage is expensive right now.

 

[dolph]

I mined Chia Coin (Proof of Space) years ago. I sold all of it before it was too late. Besides a few hundred dollars, I still use the 14TB and 16TB drives I bought for that project. The link you posted, if legit, looks to be the same thing. Not really worth it unless you have a LOT of extra storage.

My proof of work days are long behind me with ethereum mining years ago.

 

[McFox]

Is proof of space and proof of capacity the same?

Well, storage seems more affordable than computing power at least, and if my research is correct, you can use even bad drives with bad sectors (cheap?).

Just wondering if crypto has a future and with current energy prices this might actually be worth looking into.