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> As you can see, (the scale is in Petabytes), the space used is growing uncontrollably, and has already reached 7 Exabytes.

Judging by the graph in the article, it was 1 exabyte in late April, under a month ago. Wow.

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Who buys up all the farmed coins on these new cryptocurrencies.

It is really just speculation fever?

Yes. And miners tend to hold their coins so the supply remains moderately low. A bit like the OPEC.

I came across a subreddit, I forget its name though, thats sole purpose was pumping up new cryptocurrencies, hoping it would catch the attention of casual crypto investors. They'd pick a day to sell off whatever cryptocurrency they had pumped up, then repeat it was some other no-name cryptocurrency.

There's been an absolute metric crap-ton of interest generated since the media has started picking it up and taking about it 2-3 weeks ago. It seems like it's one of the first crypto offerings that relies not on constant CPU/GPU usage, but just proof of "storage" from what I understand.

Very interesting.

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