Best hard disk for chia mining farm

Never mind the GPUs used for process-intensive mining of Bitcoin, new cryptocoin Chia is driving up hard disk drive prices by its own processing needs, which are based on storage capacity. Chiacoin was launched this month. It is a bitcoin-like currency, and it needs so-called proof-of-space-time to be mined, or rather farmed, using hard disk drives and SSDs. It was devised by Bram Cohen, the American programmer who came up with the BitTorrent peer-to-peer network protocol. Chia Network is the company backing Chiacoin.

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Content:

• Exclusive: Seagate 'exploring' possible new line of crypto-specific hard drives
• Just two weeks after launch, storage-based cryptocurrency Chiacoin drives up disk prices
• Impact of Chia Farming on Hard Drive Shortages
• ChiaCoin (HDD/SSD Mining) Not Pushing Prices of Drives Up as Much as Initially Claimed
• Mining vs. Farming, the Data Behind Being Green
• Chia Is a New Way to Waste Resources for Cryptocurrency
• Western Digital reaps Chia cryptocurrency rewards with millions of dollars of additional HDD sales
• What is Chia Coin and How Does Chia Farming Work?
• Struggling to find decent prices, thanks to Chia crypto mining? :'(
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WATCH RELATED VIDEO: Chia Farming Setup and Profits - 1 Month Progress

Exclusive: Seagate 'exploring' possible new line of crypto-specific hard drives

Never mind the GPUs used for process-intensive mining of Bitcoin, new cryptocoin Chia is driving up hard disk drive prices by its own processing needs, which are based on storage capacity. Chiacoin was launched this month. It is a bitcoin-like currency, and it needs so-called proof-of-space-time to be mined, or rather farmed, using hard disk drives and SSDs.

It was devised by Bram Cohen, the American programmer who came up with the BitTorrent peer-to-peer network protocol. Chia Network is the company backing Chiacoin. Bitcoins are mined using a so-called proof-of-work which involves vast numbers of CPU cycles and hence electricity. Chiacoin farming requires much less processing. Chia is based on a proof-of-space-time consensus algorithm and a blockchain network. The proof is that some amount of disk or SSD space is actually used to store some specific data.

A Chia Business White Paper explains the initial concept. A Chia FAQ supplies more information. Going deeper than this involves a great degree of mathematical complexity in a Chia Green Paper :. So much writing is involved that the SSDs wear out. That encourages disk drives to be used instead of SSDs.

Shares in both Seagate and Western Digital have risen recently. What will happen now? Are we in a Chiacoin bubble? Does this thing have wings?

Blocks and Files. Home Disk Just two weeks after launch, storage-based cryptocurrency Chiacoin drives up disk Chia Green Paper extract. Storage news — January Seagate has great fiscal second quarter and could have a boom year.

DDN focussing on AI, containers and edge trifecta. Kalista fires a Phalanx software gun to fix SMR disk problems. Infinidat celebrates a very good Hyve: busy hyperscaler bees buy hardware, not software. Seagate has great fiscal second quarter and could have a boom year Chris Mellor - January 27, 0.

Just two weeks after launch, storage-based cryptocurrency Chiacoin drives up disk prices

Unlike Bitcoin, Chia relies on storage instead of energy-intensive computations to secure transactions. Proofs of space and time replace proof of work for a more sustainable cryptocurrency solution. Polycloud is the natural storage solution to complement Chia farming. Polycloud storage offers:. Like most new blockchain offerings, Chia started out small. But its growing popularity has driven network increases that make it almost impossible for a new farmer to earn Chia without the use of expensive enterprise-grade equipment.

Impact of Chia Farming on Hard Drive Shortages

Last Updated on January 7, by ViCadia. Although Bitcoin BTC and Ethereum ETC are still the most popular cryptocurrencies to mine, in the past few years, and even months, there have appeared new cryptocurrencies whose popularity has been steadily rising. One of these new cryptocurrencies is called Chia, and it is about to make a revolution of the way how we can mine cryptocurrencies. Chia was developed by Bram Cohen, the world-renowned software developer who helped create the peer-to-peer BitTorrent protocol. Like Bitcoin and Ethereum, Chia has its own blockchain programming language called Chialisp. This programming language is designed to create decentralized application technologies, and make the process of mining widely accessible without expensive hardware or high electricity bills. With this model, Chia aims to reduce the environmental impact of mining cryptocurrencies. However, not all storage hard drives are suitable for mining Chia. Only the drives with large amounts of storage space are best suited for mining Chia, since Chia requires a lot of storage space for creating plot files. Built for data centers and workstations, this drive can boast with outstanding reliability, and can handle workloads of up to TB per year.

ChiaCoin (HDD/SSD Mining) Not Pushing Prices of Drives Up as Much as Initially Claimed

Not yet two months old, Chia Network is already regarded as an eco-friendly blockchain. In a white paper produced by Chia, the company said since it does not use processors, GPUs or ASIC mining machines as Bitcoin mining requires, it would save a large volume of electricity and be good for the environment. The network, which launched on March 19 , was created by Bram Cohen, the inventor of internet transfer protocol BitTorrent. He is among a handful of software developers suspected of being Satoshi Nakamoto, but Cohen has denied he is the pseudonymous and still-unknown creator of Bitcoin. See related article: Vietnam faces hard drive shortage due to Chia mining craze in China.

Mining vs. Farming, the Data Behind Being Green

Cryptocurrency mining has been making headlines —and not the good kind. An increasing focus has been placed on the environmental impact of crypto mining , particularly the energy-intensive "proof of work" PoW mining employed by Bitcoin and for the time being by Ethereum. Chia aims to change all that, with a novel "proof of space and time" consensus mechanism that uses storage, rather than processing power, to secure the network. Its creators claim that it's more secure, more distributed, and less wasteful than proof of work cryptocurrencies like Bitcoin—and it's already proved popular with miners, who've been snapping up the hard drives required to "farm" it. Here's how it works—and how to get started as a Chia farmer. Chia is a blockchain , digital currency, and smart transaction platform that's intended to facilitate cross-border payments, escrow services and institutional custody.

Chia Is a New Way to Waste Resources for Cryptocurrency

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Western Digital reaps Chia cryptocurrency rewards with millions of dollars of additional HDD sales

The previously unknown new cryptocurrency Chia suddenly burst into the information space through all channels, because of which we are all promised the same shortage of SSD and HDD drives as with video cards. The Chia project is led by Bram Cohen, the creator of another cryptocurrency Bittorrent BTT , which has also been widely rumored recently due to the sharp rise in its value on cryptocurrency exchanges. In this article, we will try to figure out what technological innovations this cryptocurrency gives and why all SSDs and HDDs will disappear from sale. Chia cryptocurrency marketing is built on two main pillars - blockchain and the use of green technologies.

What is Chia Coin and How Does Chia Farming Work?

Have you noticed hard drive prices going up lately. Or they are just sold out? Find out why it is happening! Last year in general has been tough if you are buying computer hardware. Do note that this is not scientific study but instead a personal recall of things happened and are happening now. Webcams out of stock?

Struggling to find decent prices, thanks to Chia crypto mining? :'(

A new emerging cryptocurrency, Chia, could do to the hard drive and SSD market what more traditional cryptocurrencies like Bitcoin and Ethereum have done to GPUs: spike prices and make them next-to-impossible to buy. In Asia, the trend has reportedly already begun. All this means is that Chia put your surplus storage space to work, rather than your GPU. According to the Chia. Instead, the reference Chia hardware posted to Github prioritizes external storage above all else, with racks of traditional hard drives or SSDs stored in a NAS or other arrangement. The goal, Chia says, is to maximize the number of terabytes with minimal power consumption. Will hard drives and SSDs begin disappearing as more farmers begin farming Chia?

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Cryptocurrencies have thrived in recent years and the success of Bitcoin and Ethereum have become household names. Their rise in popularity has helped spur the development of hundreds of other cryptocurrencies. There are also millions of people looking for the next big cryptocurrency to arrive. Well, Bram Cohen who is best known as the author behind he peer-to-peer BitTorrent protocol has created Chia.