The Chiapower 2.0 model takes more than 3 months of observed Netspace growth, industry analyst reports, and first-hand reporting directly from the HDD vendors on the capacity mix and increased demand for HDDs attributed to Chia. The Chia team reviewed a very early version in a community Zoom call: Farming and Electricity Usage in Chia.
The original model estimated Netspace growth based on the initial estimate, growth rate, and total storage market size for the upper limit of growth. This is a link to a working model (includes legacy calculations and estimates in other tabs) Add annual energy in TWh, compare vs BTC & ETH using digiconimist ( cbeci still great but recent China policy changes not reflected in annual consumption avg).Use real measured data and power consumption of chia community plotters to get a range for power consumption Integrate plotting power into energy consumption by assuming the life of a plot and amortizing the energy used to create it over the lifetime of the plot.Include 6 & 8TB into low cap avg range for power consumption.Phase 2 of growth will be dominated by smaller farmers, pools, coming mostly from underutilized storage (Source: IDC).Initial growth (phase 1) of the Chia network was dominated by newly purchased high capacity 3.5in nearline HDDs, by early adopter farmers (Source: IDC, Seagate, WD).More than 3 months of observed Netspace growth and observations.You can find him on Keybase as NetworkĬhia is the solution to the "Proof of Work" energy problem Sources 1. Chia power is the model for estimating power consumption on the Chia network, written by Jonmichael Hands, head of storage at Chia and formerly Strategic Planner at Intel corporation.
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