Best hard disk for chia mining forever
Hdd mining chia. We talk about the new cryptocurrency Chia, which can be mined on hard drives! Chia Network is a chinese startup, which aims to make tokens more … The reason behind hard drive or SSD failure during Chia mining is excessive strain. While hard drive mining is not new, Chia Network is a fresh project that is trying to allow users to help secure the network while using less energy-intensive ….
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- Chia-Jung Lee
- The beginners’ guide to farming Chia Coin on Windows.
- Recommended Hardware to Mine Chia Cryptocurrency with the SSD
- How to Farm Chia Coin, Now With Pooling
- Any one looked at Chia yet?
- What is Chia (XCH)? How to Farm It With a Hard Drive
- Watch out, crypto-mining SSDs are on the way now, too
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.
Developed by BitTorrent creator Bram Cohen, Chia was first conceived of in August and launched in May , with farming rewards coming online in March and the cryptocurrency going live with transactions enabled in May.
It's attracted big-name backers include Andreessen Horowitz and Galaxy Digital, and has ambitious plans to create a "configurable international commercial bank that's faster than Bitcoin.
Where Chia differs from other cryptocurrencies is in its unique "proof of space and time" consensus mechanism, the method by which the blockchain is secured.
Chia was developed by Bram Cohen, the inventor of BitTorrent. Chia uses a unique consensus mechanism the system that guarantees the integrity of a blockchain. Where Bitcoin uses a proof of work model based on processing power, and blockchains such as Flow and Cosmos use proof of stake , Chia uses something called "proof of space and time. Instead of having powerful computers compete to solve math problems, Chia uses space on hard drives HDDs and solid-state drives SSDs , coupled with a lottery mechanic.
Chia "farmers" write GB "plots" on their hard drives; each plot is then filled with hashes. When a new block is added to the Chia blockchain, its hash is compared with the hashes on farmers' drivers.
The user with the closest match wins the block and receives the block reward. That's the "proof of space" element. However, because filling hard drives with data doesn't take much computational power, in theory the chain would be vulnerable to a "grinding" attack, where an attacker tries multiple possibilities to hit on the best one. To protect against this, the network also requires that a specific amount of time has elapsed between blocks; that means users can't simply rewrite plots indefinitely in order to crack the solution.
The main advantage of Chia's proof of space and time model, it claims, is that it's more environmentally friendly than proof of work cryptocurrencies like Bitcoin. Because Bitcoin requires miners to make an investment of processing power and, by extension, electricity , it has spurred an arms race among miners.
The total electricity consumption of the Bitcoin network is now greater than that of some countries. The flooding of a Chinese coal mine in April , and its impact on the Bitcoin mining industry, has also served to demonstrate the cryptocurrency's continuing reliance on fossil fuels. By focusing on storage space rather than processing power to secure its network, Chia consumes orders of magnitude less energy.
However, as some critics have pointed out, that doesn't mean it has no impact on the environment. Because it requires hard drives to be used for the sole purpose of farming Chia, the environmental impact of manufacturing those drives can be attributed to Chia.
Running a proof of space node also requires that some electricity be consumed, which, although substantially less than that of a proof of work node, is still more than zero—the amount that would be consumed if Chia didn't exist. There have also been claims that Chia farming damages drives , particularly the smaller SSDs used for "plotting" by farmers.
Although Chia founder Bram Cohen has disputed the idea that Chia "burns out" hard drives as long as farmers stick to HDDs or enterprise-class SSDs, German cloud service provider Hetzner has banned crypto mining on its servers, citing concerns that Chia farming could lead to premature breakdowns of its storage drives. Plotting on hard drives, including the one which you'll probably leave your plot on, works fine.
It's a bit slower and requires more head room, but works fine. And if Chia farming does cause drives to wear out prematurely, it could lead to a corresponding increase in e-waste , denting its environmentally friendly credentials. XCH is the native token of Chia Network.
It's used for transactions and to provide rewards as incentives for users. As a relative newcomer to the cryptocurrency space, Chia's XCH token isn't available on many of the leading exchanges such as Coinbase and Binance. It can be bought at OKEx, Gate. Step 1: Create or log in to your OKEx account.
Click on it, then click on the tab marked "Convert. You should now have XCH in your exchange wallet. Chia farming is rather different from conventional crypto mining. In order to plant your crop, you'll need to stock up on some storage first. Chia farmers typically write their plots on a large, fast SSD—small consumer-grade SSDs will wear out quickly, and HDDs, while offering large storage capacity, are much slower. The farmers then transfer their finished plots over to a large HDD. Chia plots are just over GB, but require up to GB of temporary storage.
You'll need to consider your initial outlay carefully, including SSD capacity, HDD capacity and the cost of other components you may require if you're building from the ground up, and then weigh it against the likelihood of winning the "lottery" that allocates Chia rewards.
Fortunately there are handy online calculators that will do much of the heavy lifting for you, enabling you to calculate your estimated earnings based on the number of plots you'd like to farm, your hardware costs, and the current price of XCH.
Once you've assembled your build, you'll need to head on over to Chia's website to install Chia. Clicking on "Install Chia blockchain" will take you to the project's Github page , where you'll be able to select from a range of supported OS options including Windows, MacOS and Ubuntu and download the relevant installer. Having downloaded and run the installer, you'll be greeted with a screen giving you the option to create a new private key or import an existing private key.
Click on "create a new private key. Once you've clicked through to the main interface, click on "Plots," then "Add a plot. On this screen, you can choose the size of your plot typically just over GB , the number of plots on your drive and set up a queue of plots to run in series. You'll also need to define your temporary and final directories. The temporary directory is where plots are initially created usually on a fast SSD , and the final directory is where they're stored for farming, waiting to be compared against the block challenge typically on a commercial-grade HDD.
Once you've installed Chia, it'll take a while for the blockchain to sync up before you can begin farming, though you can set to work on plotting straight away. Chia has had a remarkable launch; even before it went live it was reportedly causing shortages of hard drives across Southeast Asia. At the time, the Chia network was about petabytes in size; by May it had reached 10 exabytes. Like Ethereum miners snapping up GPUs , Chia farmers have raced to get their hands on hard drives, with Chia Network president Gene Hoffman conceding that "we've kind of destroyed the short-term supply chain.
One group that isn't complaining is hard drive manufacturers, who saw their stock prices unexpectedly boosted by the sudden surge in demand for their product. Hoffman called the funding "rocket fuel" for hiring and revealed plans for an IPO or a public listing via a SPAC merger as soon as this year. Meanwhile, the company plans to advance its mission of achieving institutional adoption for its trading and payment system.
It's a lofty ambition—but with Bitcoin coming under fire for its environmental impact, there may yet be an opening for an eco-friendly cryptocurrency. In brief Chia is a cryptocurrency that uses a novel "proof of space and time" consensus mechanism.
Instead of being mined using processing power, it's "farmed" using storage space on hard drives. Did you know? Load More.
The beginners’ guide to farming Chia Coin on Windows.
I Was looking at this as more of a hobbyist point of view instead of investment point of view based on current market standards…. Definitely not buying new drives atm. Considering hdd-prices, netspace, electricity-bill and ssd-wearout while plotting, I believe, buying xch would make more sense. Not buying any new drives anymore, prices are way higher still than when I bought my current stock. If I see a good deal come by I might, but the other thing is that I now have space for 20 drives with 18 now used, adding more will also cost more in terms of enclosures etc.
Recommended Hardware to Mine Chia Cryptocurrency with the SSD
Split Blockchain is a new cryptocurrency, using Proof of Space and Time. Below is a guide on how to mine CHIA virtual currency on a personal computer at home. Instead of using expensive hardware that consumes exorbitant electricity to mine coins, it utilizes the available hard disk space on the computer to farm Divide with minimal resources. There are a lot of people who are enthusiastic about Chia Network because it was created by Bram Cohen. He is the founder of BitTorrent and the creator of the Torrenting concept. BitTorrent is considered to be one of the best technological innovations of the past two decades. It is recommended that you use a newer computer with an SSD hard drive.
How to Farm Chia Coin, Now With Pooling
Or grab the RSS feed. April 13, Chia fundamentals and plotting Chia in parallel What is Chia? Skip this if you already know what Chia is Chia is a new cryptocurrency based on "proofs of space and time". It differs from "proofs of work" crypto like Bitcoin in the amount of energy it takes to validate transactions on the blockchain. With Chia, the energy-intensive work is done up-front to create "plots".
Any one looked at Chia yet?
The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history. The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases. Bitcoin and Ethereum have been popular projects in the field of cryptocurrency for a long time, but in there is an emerging project: chia coin. Unlike chip mining and graphics card mining, chia uses hard disk mining. The mined tokens are XCH coins, so when mining XCH coins, should we buy chia cloud computing power or buy mining machines?
What is Chia (XCH)? How to Farm It With a Hard Drive
Is chia really dead? I was just boutta cop my first couple hard drives and get to work but I saw that post sayin chia mining is dead. Is it really that fucking bad? The best way to look at chia is this. Use your spare space to plot. It effectively turns your unused space into digital bingo cards.
Watch out, crypto-mining SSDs are on the way now, too
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CHIA was registered in August with the aim of developing an improved blockchain and intelligent trading platform. We are building the Chia network to improve the global financial and payment systems. Chia will be the first enterprise-class digital currency. Chia is using the first new Satoshi Consensus algorithm since Bitcoin. At present, the intelligent transactions available for reference are: atomic exchange, authorized payee, recoverable wallet, multi-signature wallet and price-limit wallet.
Hdd chia fork. Some folks run all the GUIs which is just silly but so is trying to farm 28 forks. Because the Chia kernel caches the first seven reads, the HDD only must perform the 64 seeks when issued a challenge. More Chia forks will be supported in the future. Input the number of plots hard disk space that you would like to dedicate, and the calculator will give you an overview of your estimated earnings.
We have to start with a warning: we do not recommend that you do the Chia mines or any other cryptocurrency with the PC. It is a process that subjects hardware components to maximum stress, dramatically reducing their durability and useful life, and also consumes large amounts of energy. We repeat that, from HardZone, we do not recommend doing because some manufacturers also void the warranty of their products if they have been damaged due to mining.