Chia cloud mining machine
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. Chia has used 2, petabytes of storage space, which is about 2.
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- Chia Farming & Mining – Chia Coin Plotting & Setup Guide 2021
- What Is Chia Coin and How to Farm It on Windows?
- Chia crypto miners sell hardware at a loss
- Mining Chia cryptocurrency on SSD and HDD
- Chia Cryptocurrency Farming Guide
- Chia Power - Estimate of total energy consumption in the Chia network
- Chia, Bitcoin's 'Green' Rival, is Said to Be Causing Hard Drive Shortages in Asian Markets
- The9 Will Start Mining Chia (XCH)
- How You Can Still Make Money Mining Cryptocurrency
Chia Farming & Mining – Chia Coin Plotting & Setup Guide 2021
Evidently Chia has already consumed an exobyte of storage. We all know what Etherium did and is still doing to GPU demand. It makes me wonder what's in store for anyone who is needs some storage in the near future. Or could it effect the prices and supplies of smaller volumes? Chia is unlikely to affect HDD supplies without really taking off, since HDD demand is on a downward trend in general. SSDs have mostly replaced them for primary storage, and most people don't need more local storage than SSDs can economically provide.
That leaves the pretty small portion of the market that is NASes to be affected. Actual enterprise storage primarily gets its HDDs through long-term contracts instead of consumer parts distribution channels, so is relatively immune to demand spikes like we're seeing with GPUs.
We do, but it isn't what you think. Cryptocurrencies are a small part of the current extreme demand, and if all cryptomining were to disappear today, the situation would not be noticeably improved. Quote: In a about a month's time storage space allocated to Chia network increased from PB all the way to PB, or 1. That's nothing. That's probably what, 5, 6, max 10 semi-trailer's worth of drives? My last place of work was exabyte scale. I hardly doubt installing that system affected global hard drive prices.
And my old institution is just one of hundreds of thousands of similar research hospitals around the world. And that's just research hospitals. There are dozens of other workloads that require exabyte scale storage. I wouldn't be surprised if multiple exabyte scale systems come online somewhere in the world on a daily basis. Forget about monthly.
Quote: Thousands of Chia farmers now build machines with tens of HDDs that can store tens terabytes of data. While one of such drives does not consume a lot — about 6.
Memory and "compute modules" you mean a CPU, right? I've never seen anyone in the consumer space ever have to go to a dual-socket system simply because they had too many hard drives. I guess it's possible if you have tens of thousands? But then you have a single point of failure for tens of thousands of drives. And what idiot gets a motherboard with 32 SATA ports? Without having to find some kind of unicorn 32 SATA port motherboard.
Meanwhile, rack-based chassis with backplanes for data centers are quite expensive. As a result, hardware used for Chia farming is either DIY or designed specifically for this purpose and nothing else. Essentially, in just about several months' time a new segment of hardware market for Chia farming has developed. Um, actually, yes there are. I guess Linus makes money when his stuff breaks and he has to fix it himself without vendor support, because he can make a sob story video out of it.
I don't think they even offer SAS. They are 4U with 12 x 3 rows. Their claim is bullshit, so their conclusion from that assumption is stupid and non-nonsensical.
These types of cases and enclosures have existed for years, and if you are a smart Chia farmer, you will use used off-lease enterprise disk shelves because they are cheaper than a brand new case, and those have existed for decades. Quote: Meanwhile, rack-based chassis with backplanes for data centers are quite expensive No they're not.
And those are WITH the disk array controller module one of them came with redundant modules , plus all the drive trays. Quote: It remains to be seen how Chia cryptocurrency mining will develop going forward. But at this rate the amount of storage space used by Chia network will be gargantuan a year from now.
This is a nothingburger alarmist article based on bullshit assumptions and misleading claims. Best guess here? Tom's Hardware holds a few shares in WD and Seagate, and want to freak people out into hoarding hard drives. Motherboard with 32 SATA ports As long as it stays like that, let HDDs have their last hurrah. Betcha wish you kept those WD Purples now. Betcha wish you kept those WD Purples now Not really. From a quick read I'm not sure what happens if you use the space after committing it to Chia.
You lose the 'likelihood' to 'win' a plot I guess? Sounds like the more free space you dedicate to Chia, the faster you will likely win a plot, which I think is yours to keep I guess? Maybe once you get a plot or multiple plots, you can take back the space for other uses and keep the plots. I haven't put more than a few minutes reading into it. Yeah, from my understanding based on what I've read, free hard drive space is equivalent to higher hash rates in more common crypto currencies.
In, e. With Chia, the more free space you keep free, the more likely you are to somehow earn Chia. Oh, I see. Large capacity drives have been totally wiped out in the last few days. Fuck chia, and fuck crypto-miners in general. All they've managed to do is create a new market to speculate with while wasting energy and resources. How to get rich: 1.
Buy a bunch of stock in companies that make resource X 2. Buy a bunch of resource X used, new, whatever 3. Develop some new crypto-stupidity that uses resource X 4. Do a bunch of marketing to make it sound neat or special 5. Sit back and watch idiots pay through the nose for resource X 6.
Profit as your stock goes up and your ground floor access to the new crypto-stupidity makes you money too. People often ask me what is cryptocurrency. My answer is always the same: the more electricity you burn up in the form of waste heat in your system, the more coins you get. Paladin wrote: How to get rich: 1. Profit as your stock goes up and your ground floor access to the new crypto-stupidity makes you money too Wait, so I was probably right?
Seems like someone has to be holding stock in those hard drive companies or maybe they just have piles of them to sell on ebay or something. I'm actually curious to try Chia but as I read more, I found that you have to have a good SSD of at least GB or so to even be able to start effectively.
And of course, the more you have the better. Oh, and yeah, to get more than 3 'plots' functioning at a time, you will need some good CPU hardware available so Which was supposedly the whole point of the thing, to reduce electrical use? Paladin wrote: Oh, and yeah, to get more than 3 'plots' functioning at a time, you will need some good CPU hardware available so IceStorm wrote: Paladin wrote: Oh, and yeah, to get more than 3 'plots' functioning at a time, you will need some good CPU hardware available so Sure but juice is juice, right?
The point of Chia was supposed to be 'crypto mining without all the resource waste' but nope, it's just different resources.
Electricity use will be less but I dunno. Spinning drives take a lot of juice too when you incentivize people to run as many as they can. It's just the same old story: spend money to make money and who cares who loses as long as it's not the proverbial you.
A rack of hard drives isn't exactly a nothingburger in terms of power usage either. If you're using a muti GPU rig. And i'm wondering what the payout is going to be long term. Apparently they made an Amazon-Linux based client.
I installed the Windows software and setup a wallet and started building 3 plots about the max the SSD can fit. It took at least 7 hours or so to download all the peer information it needs to be 'synched' even with access to a 1 gigabit internet service.
I think it is some kind of peer to peer thing where the more peer info you load, the more you learn about and then you have to load more. I'm synched with some other nodes or something like that. You are supposed to have it build the 'plots' on the SSD and then once they are built it moves the files to the mass storage drive.
I don't know how long it took but at least hours or so to build 3 plots running on my desktop i most of the time around 4. I left it going over night and came back to it this morning to see it had completed 3 plots and moved them to the 6TB SATA drive. The results from 3 polts? My 'farm' with 3 plots is estimated to 'win' in 6 years with the caveat that actual results may take times longer than estimated.
What Is Chia Coin and How to Farm It on Windows?
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Chia crypto miners sell hardware at a loss
Gamers have been complaining for a long time about higher prices for graphics cards due to demand from people who mine cryptocurrencies such as bitcoin and ethereum but now a new cryptocurrency that can be mined using hard drive storage space is putting a similar chokehold on supplies of this critical PC component. Unlike bitcoin, which requires massive amounts of processing power and electricity, the blockchain and transaction platform of Chia — a cryptocurrency created by Bram Cohen who is best known for developing the peer-to-peer BitTorrent protocol — uses hard drive storage capacity for its consensus mechanism. Chia has made it clear it wants to break with the past approach to mining. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The team said it expects Chia to help solve some of the problems created by traditional Bitcoin mining. Although Chia is not due to start trading until May 3, people are already stockpiling hard disks and solid-state drives SSDs in anticipation of a surge in demand for the storage space used for mining, driving up prices and leading to shortages in both online and offline sales channels. On Chinese e-commerce platforms Taobao and JD.
Mining Chia cryptocurrency on SSD and HDD
Cloud mining is the process of cryptocurrency mining utilizing a remote datacenter with shared processing power. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares. Users of hosted mining equipment can either lease a physical mining server or a virtual private server and install mining software on the machine. This article relating to cryptocurrencies is a stub.
Chia Cryptocurrency Farming Guide
Recently, Chia cryptocurrency has been in the headlines for good, as well as bad reasons. This storage-focused cryptocurrency created by BitTorrent creator Bram Cohen has been gaining popularity because it was introduced as a green alternative to Bitcoin mining. The idea behind developing this cryptocurrency was to minimize the carbon footprint that is the biggest problem faced by unsustainable mining practices. Bitcoin mining works on the energy-draining proof of work process. Mining the top digital currencies like Bitcoin and Ethereum is a resource-intensive process.
Chia Power - Estimate of total energy consumption in the Chia network
Gamers have been complaining for a long time about higher prices for graphics cards due to demand from people who mine cryptocurrencies such as bitcoin and ethereum but now a new cryptocurrency that can be mined using hard drive storage space is putting a similar chokehold on supplies of this critical PC component. Unlike bitcoin, which requires massive amounts of processing power and electricity, the blockchain and transaction platform of Chia — a cryptocurrency created by Bram Cohen who is best known for developing the peer-to-peer BitTorrent protocol — uses hard drive storage capacity for its consensus mechanism. Chia has made it clear it wants to break with the past approach to mining. The team said it expects Chia to help solve some of the problems created by traditional Bitcoin mining. Although Chia is not due to start trading until May 3, people are already stockpiling hard disks and solid-state drives SSDs in anticipation of a surge in demand for the storage space used for mining, driving up prices and leading to shortages in both online and offline sales channels. On Chinese e-commerce platforms Taobao and JD. The agent said most enterprise-grade drives with over 8TB storage are sold out, with no certainty on when new stock will arrive. According to manmanbuy.
Chia, Bitcoin's 'Green' Rival, is Said to Be Causing Hard Drive Shortages in Asian Markets
Chia mining payout. Mining the coin you need automatically, earning any of the presented cryptocurrencies. PROP reward.
The9 Will Start Mining Chia (XCH)
Upon the executions of these agreements, The9 is going to obtain approximately Pebibytes Netspace, and to join the ecological construction of Chia cryptocurrency, also known as the "Green Bitcoin Alternative". The9 had previously invested in Bitcoin and Filecoin mining machines. Chia is the third type of cryptocurrency mining implemented by The9. Chia was created by Bram Cohen, the inventor of BitTorrent and a network protocol engineer. It was developed through Chialisp, a powerful, easy-to-audit and secured new intelligent transaction programming language.
How You Can Still Make Money Mining Cryptocurrency
What is Chia crypto and how does it work? Is Chia Crypto Network a scam or legit project? Chia cryptocurrency is one of the newest crypto projects in the market. It was launched in and has already attracted the attention of both investors, crypto-traders, and people interested in crypto. The coin was founded by Bram Cohen, the BitTorrent founder.
Chia is one of the latest entrants in the world of cryptocurrencies with the promise of being a clean, green digital token. It has barely been weeks since its announcement, but it is already creating waves among geeks and cryptocurrency enthusiasts alike. So what is Chia coin, and how does it promise to upend the current crypto market?