Even ‘Free’ Chia Farming Wouldn’t Be Profitable at Scale, Cloud Storage Provider Finds

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Cloud storage and data backup company Backblaze published a blog post today outlining its search for the answer to a relatively simple question: Would it make sense for the company to farm the Chia cryptocurrency using the HDDs it keeps as a buffer to allow its cloud storage platform to scale quickly? Well, it turns out the answer is a resounding no.

The company said the online Chia Calculator initially put its weekly earnings at $250,000 before expenses. It also wouldn’t have the same upfront costs as other wannabe Chia farmers because it could simply use the HDDs in its buffer to devote 150 petabytes to plots. Unfortunately, free storage space isn’t the only factor at play.

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