Chia mining hdd price

With the enthusiasm of miners for mining, following the shortage of graphics cards to increase prices, miners have set their eyes on a new coin Chia coin token name: XCH , began mining with hard drives, the larger the capacity of the hard drive, the more mining can be mined, so much so that the recent rise in demand for hard drives, hard drive prices across the board, it is rumored that some people hoarded 1 day to earn 3 million. As for large-capacity mechanical hard drives, miners are mainly snapping up enterprise-grade and NAS-grade products. Because of the tight market supply plus the general user "panic hoarding", monitoring grade, civilian grade and some 3. Although the mechanical hard disk read and write loss will be smaller than the solid state drive, but I believe that we do not like to use used hard disk to save important data.

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WATCH RELATED VIDEO: Chia 1.2.11 ВАЖНОЕ ОБНОВЛЕНИЕ с Медмакс плоттером. Форк HDD coin.

Exbibyte frenzy: How mining for Chia crypto turned me into a storage junkie

Buyers are warned about this rampant issue. The price of Chia Coin met an untimely drop recently. This has pushed cryptocurrency miners to sell their second-hand SSDs at absurd prices. While many bundles are available in the market at the moment, the users could prefer going to a direct seller to avoid the huge cost. It turns out that Chia crypto miners are exploiting the sudden plunge of the cryptocurrency.

According to a report by Tweaktown on Tuesday, Sept. In a Facebook group that has more than 5, Chia traders, one admin has observed a change of scene. For those who want to buy a good SSD, you might want to go to the trusted sites, but be warned that on eBay, it could be a different scenario.

Many sellers on the platform continued to sell their old hardware to gain a big profit. Somehow, others might be hooked to a pristine hard drive with a reasonable price. Some people have no idea that these drives have been used many times. What's worse is that other buyers think that a good-looking SSD can still function despite some unseen problems. As per Chia's post , it takes The process tackles temporary storage that could compress data into a finished product. In line with this rampant selling of worn-out SSDs, Extreme Tech recommended the users only go to trustworthy sellers.

According to the tech site, it is still safer to buy new than to go to an online marketplace. For this reason, the site laid out two processes before purchasing your ideal SSD for your computer. First, the customer should ask the seller for the necessary information about the product.

Things such as the date of purchase, its purpose, and even its photos can be a big help to assess whether the seller is legitimate.

The second step is testing the reporting tool of the hard drive. You can check there how much space is left in the SSD or how many hours it has been used before. Earlier in August, those customers who wanted to purchase GPUs were warned since many miners sell their "very used" graphics cards. In July, another crypto mining issue focused on the allegations surrounding the computers. It was found out that 1, PCs were destroyed because they were stealing electricity. Facebook facebook Twitter twitter Reddit reddit Comment.

Joseph Henry , Tech Times 08 September , am. Do not reproduce without permission. Subscribe to Tech Times! Sign up for our free newsletter for the Latest coverage! Don't Miss.

Beware miners selling thrashed second-hand SSDs as new

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.

I, like many, have recently seen an increase in the price of HDD. This is primarily due to the hype surrounding the mining of Chia Coin.

Emerging storage-based cryptocurrency Chia could jack up SSD/HDD prices in the future

A new emerging crypto-currency, Chia, could do to the hard drive and SSD market what more traditional crypto-currencies 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 prioritises 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 maximise the number of terabytes with minimal power consumption. It's tacit encouragement to snap up whatever hard drives and SSDs you can. Will hard drives and SSDs begin disappearing as more farmers begin farming Chia?

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

chia mining hdd price

The debut of the cryptocurrency Chia has generated a surge in demand for hard disk drives in the European market, according to a report. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period.

Posted by admin Aug 26, Tech 0. This sector is really peculiar, as we must take into account that some devices are being replaced by faster ones HDD vs SSD , but at the same time the former are needed for their higher capacity when the latter are skyrocketing in price or do not offer the TB we require.

Chia crypto-currency threatens to spike SSD prices like Bitcoin did to GPUs

Chia mining requires stored memory with a sharp increase; but the sudden rush to buy this memory is made on the price of all stored equipment. In fact, every copy used to extract the new cryptocurrencies has been made with a price increase; from unified hard drives, all types of external hard drives and even CPUs to communication locations and cables have all been affected. Due to this unpredictable increase in demand, storage equipment became scarce. At present, despite the increasing demand for hard drives to extract chia currency, especially since this volume of demand has spread beyond China and Asia, the shortage of hard drives and SSDs seems a little worrying. It should be noted that due to the higher speed of SSD versus HDD, the demand for this type of storage space is higher because less time is spent creating a plot a set of cryptographic numbers with them, but in different opinions and references. SSD failure reports have been observed due to plot construction.

Bram Cohen’s Chia Drives Hard Disk Demand in Europe: Report

The catastrophe in the graphics card market has not yet ended, and now hard drives have begun to increase in price. The reason behind is naturally virtual currency. The reason behind. In addition to the well-known BTC and ETH, recently Chia and Filecoin, which sell storage capacity in exchange for rewards, have become popular in the currency circle. Simply put, they use hard disks for mining.

Chia Network recently entered the cryptocurrency scene and has quickly piqued the interest of many miners and investors.

Chia: The Main Hard Drive Price Influencer

Mohiuddin Ahmed does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price.

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In a nutshell: The crypto-mining craze has traditionally been GPU-focused, however, an emerging cryptocurrency could take its toll on the storage market following reports of early adopters in China mass purchasing high-capacity drives for farming Chia. For now, only enterprise-grade drives are being scooped up, but the coin's success and worldwide traction - which remains to be seen - could also spell trouble for consumer drives down the road. Would you like some storage shortage to go along with the ongoing GPU shortage? The possibility could be on the horizon as Chia, a storage-based cryptocurrency, has allegedly led to the mass purchasing of hard drives and SSDs by miners in China that could potentially trigger a global price hike and hardware shortage in the future. Created by Bram Cohen, the inventor of BitTorrent, the Chia blockchain uses a 'proof of space and time' model instead of 'proof of work' Bitcoin or 'proof of stake' Etherium 2. We've previously seen GPU vendors go down this route, and it shouldn't be surprising for disk drive manufacturers to explore this option if Chia or other storage-based cryptos gain enough traction in the future.

By Matthew Sparkes. Chia miners are buying up hard discs.

Miners planning to transact in a "proof of space" crypto intended as an eco-friendly alternative to Bitcoin have sparked a run on hard drives in Southeast Asia. But already Chia, created by BitTorrent founder Bram Cohen as a greener alternative to Bitcoin, is threatening to set off a hard drive shortage. Prices of storage media have tripled, according to Hong Kong technology publication HKEPC , as miners scramble to load up on hard drives in preparation for the crypto's launch. Computer storage space has become a hot commodity recently, with protocols such as Filecoin and Filebase recently launched to capitalize on unused capacity. But it's not without its own drawbacks. Some users were less than enthusiastic.

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. With this growth has come renewed scrutiny, with critics attacking Bitcoin in particular as a speculative bubble that uses vast amounts of electricity and produces no real value.

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