Hardware for chia mining money
Note that this is definitely not a guide for devotees who are planning to build custom rigs for mining. Bitcoin mining is dominated by inconceivably huge mining facilities. In particular, there are two coins I find of interest because they have broad support and can be mined with consumer hardware. In a different vein, the newly-released Chia coins rely on what they call plotting and farming, which are dominated by storage requirements.
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Content:
- Can You Still Mine Bitcoin and Other Crypto From Home?
- Why You Won’t Make Money Farming Chia
- Easy mining with Chia Farmland
- Best Hardware for Chia Plotting – July 2021 – 30 Minutes per Plot?!
- How You Can Still Make Money Mining Cryptocurrency
- Ch-ch-ch-Chia! HDD sales soar to record levels as latest crypto craze sweeps Europe
Can You Still Mine Bitcoin and Other Crypto From Home?
Andrewcw wrote: Oh man i just had a bad thought. So since you have people installing little miners onto zombie computers. What happens when they start doing this proof of space crap onto them.
And combine it with the ability to kill SSD's. Seems like NAS malware would be a perfect vector for getting cheap and free Chia for these assholes. IceStorm wrote: It's not quite as bad as GPU mining, but it certainly isn't "green", and even if you're using higher endurance NVMe drives, the drives won't last longer than about a year.
Chia eating SSDs may make it worse, given the embodied energy of the SSDs and the waste streams created by manufacturing and disposal. I'm up to 17 plots now.
Estimated time to 'win': 1 year. I'll try to get this 6TB drive full and see how it looks. It's a real pain though. The queuing feature doesn't seem to work right. If you try to do that and then queue up more plots after, it starts trying to do more than 3 at the same time, filling up the SSD and then just sits there. You have to delete the plots manually and start the software again which requires syncing again, which takes a while.
It sucks. You basically have to sit there and babysit it. I'm sure people are mostly doing it on linux machines where you can run a better queue system or cron or something, a script to check for space and files before starting new processes etc. It's pretty immature software. The way it writes to the SSD is extremely stupid. It should buffer data in RAM a lot more before writing it. As it is, it seems to work in multiples of about MB files, probably related to the K value it uses.
If it worked with 2GB files it would be a lot more efficient, especially if it could do whatever it needs to do before writing them at all and then writing them out in chunks of whatever it can do with the system RAM.
Ideally, you could get a machine with 1. Why does it requires an SSD to build the plots? Seems dumb to me, if it's going to kill them so fast. I wonder if that's what this really all about, Intel wanting to create a hot new market for Optane. Paladin wrote: I'm up to 17 plots now. Yeah, it's not like RAM shortages are a thing. Ideally , every crypto miner in the world would suddenly realize they're being shit people and stop.
Drizzt wrote: Why does it requires an SSD to build the plots? They don't require it but Anything slower than SSD and you'll spend weeks just making a few plots. And it's not just like 'generate a file on the SSD and then move it to the mass storage drive'. It's more like, 'write a small file, rewrite it, rewrite it, make another 50 of them, rewrite them, rewrite them, rewrite them The more files you have on your mass storage drive, the more likely you are to win, I guess.
The problem is it takes a lot of time, electricity and SSD useful life to generate each plot before you can farm it. So yeah, it's not efficient at all, it will generate more e-waste than regular crypto mining due to people using up SSDs and swapping out small spinning drives to larger ones.
If anything, it may be worse than Eth mining overall for the planet and might catch up to and be worse than Bitcoin if it keeps growing. So they literally tell you it's designed to intentionally destroy your hardware in short order. If this functioned as a distributed, peer-to-peer global storage network, the hard drives and SSDs would at least be put to some use like Gridcoin.
I could get behind that. As it is now, chia just chews up SSDs and fills up hard drives with garbage that just sits there and perpetually takes up space that can't be used for anything useful. Hard drives suck some power and resources to keep them online and connected even if they are very lightly used.
It's a massive waste. Xelas wrote: If this functioned as a distributed, peer-to-peer global storage network, the hard drives and SSDs would at least be put to some use like Gridcoin. More to the point, it drives up demand for storage faster than supply can ramp up especially for flash-based storage like SSDs. Yet another component artificially transformed into Unobtainium, as if there wasn't enough of that going around for pointless crypto scams.
This cryptoshit is the thing that finally made me lose hope on humanity. We were slowly taking climate change seriously, we were serious about changing to renewables and lowering our energy consumption and then this troll supreme Sakamoto or whatever goes "lol, you're trying to put the world in a sustainable path, you're funny lol" and all the asshole trolls of the world united as one to really throw everything under the bus.
I'm tired and depressed thinking of the world my kids will live in, sorry for the rant Wait it isn't even using the space as a massive internet filesystem? What the hell is it for then? Not that Filecoin is less bubbly. At current prices of 0. This is stupid. It really is stupid. It burns up the write lifetime of the SSD with spammy writes that seem basically designed to destroy the SSD, even enterprise SSDs won't last very long, and it just writes useless data to the mass storage drives that you have to keep there more or less permanently if you want to actually generate any coins Of course the submitted ones don't all generate coins either, they go into some evaluation math to determine which is randomly 'better' and then you finally generate a coin, assuming the software works right.
The software estimates it will be years before I do. We'll see if that estimate comes down as the drive fills up.
Paladin wrote: It really is stupid. I totally get that you're testing this out to see how it all works, and also sharing your findings with us so we get a pretty good idea of how it all plays out.
I'm very appreciative of that. But at the same time I'm just grimacing and "but you're just adding to the problem! I understand you're testing to learn about it and sharing all that knowledge with us. I did the same with bitcoin at the beginning but my interest in it rapidly vanished after seeing that, although an interesting concept, it meant wasting energy for nothing.
I'm waiting for the Chia successor that gobbles up RAM instead of disk space. SuinusLatinus wrote: Yes, what I said before wasn't meant to you specifically, Paladin. I think it's safe to say that many of us here all were on the early Bitcoin wagon to play along and get an idea for how this whole blockchain thingamabob worked at the time. It's still an incredibly cool concept that's actually proven itself useful when applied in the proper ways.
The problem is that people at large are greedy. So here we are, with another crypto where people are hoping to get in as fast as possible before it gets popular; the end result is a skyrocket of specific hardware costs. Yeah, I don't have any ill will towards Paladin, as I mentioned above. They're doing us a great service by taking one for the team. I just feel bad that their hardware is going down the shitter in order for them to get a grasp of this new crypto and also report back to us.
At least other cryptos didn't have "dead hardware" as a guaranteed part of the mining operation. I don't want to be part of the problem but my curiosity and the ease of access to the hardware overwhelmed my reluctance.
Don't worry, I feel greasy enough about it already. I don't intend to go further than this point. Sorry, never meant for my little rant to be a guilt trip. I think we all understand - and agree - that you're really just satisfying your and our curiosity. But I do feel bad that you're sacrificing your hardware, even for this endeavour. Nah, don't worry about it.
I figure I will keep it filling up and see how it looks at that point. I might keep it running once it is full and see if it ever makes a coin. The nasty point is the creation of the plots and the fullness of the drive afterward so once I fill it up, it feels like I could just keep it sitting there in hopes it might make some funny money at some point.
Once I get tired of the external drive on my desk or have some other use for it I will probably pull it and give it up. Quote: Wait it isn't even using the space as a massive internet filesystem?
I think people are using something like bittorrent to store pr0n in peoples system, unknown to thm. Well, I think I am done. Chia is effectively MLM. So many that it will be years and years before anyone can approach parity with that number. Basically that means the whole this is an MLM. The people who got it at the launch the tier 1 insiders will always reap the benefits of the work that others do with no work at all.
As I have filled up my spare drives about 10TB total now the estimated time for me to earn a single coin has consistently increased. Up, up up. It's at 10 months now, assuming I keep growing my storage as I have done for the last month.
That's not happening. It was an interesting experiment but I think I don't need to think about this stuff anymore.
Why You Won’t Make Money Farming Chia
Imagine a world where mining cryptocurrencies is not an energy-intensive and complex procedure but one that is fluid, less complex, and more environmentally friendly. This might seem like a distant dream beyond our immediate grasp as our notion of cryptocurrency mining has been marked by expensive hardware and electricity. However, the introduction of Chia Coin has flipped the switch and now, our wildest dreams can be realized. Chia Coin is a major improvement of blockchain technology as we know it, making cryptocurrency transactions seamless, secure, and efficient. It places decentralization as the cynosure of its operations through the use of the revolutionary Nakamoto Consensus in addition to Proof of Space and Time.
Easy mining with Chia Farmland
There are several primary categories of digital currencies that use mining-dependent methods to authenticate transactions on the network. Complex calculations are performed by extractors with significant power consumption, and these calculations are highly dependent on the processor core. The second version uses a graphics processor or GPU to extract digital currency, with Ethereum serving as the index currency. It fits under this category, however, in the realm of digital currencies, there is a new form of mining called POC that is related to chia and is based on the quantity of storage memory. It is thoroughly detailed in a separate post. In actuality, obtaining the Archachia password requires some effort on the part of the user. It takes around 68 days to extract and store 91 blocks of Chia Digital Currency. Builders require a large amount of area.
Best Hardware for Chia Plotting – July 2021 – 30 Minutes per Plot?!
By creating an account you will be able to shop faster, be up to date on an order's status, and keep track of the orders you have previously made. Chia has a new innovative consensus algorithm that removes the energy demands of Proof of Work.. Seagate Exos X16 enterprise hard driveWith massive capacity and innovative technology advancements,.. Seagate Exos X16 enterprise hard driveWith massive capacity and innovative technology advancements.. Compact outside.
How You Can Still Make Money Mining Cryptocurrency
If you read the business whitepaper , Chia acknowledges the strengths of Bitcoin, and we have taken the best parts and improved them; notably the programming model and energy use. Cryptocurrency is all about tradeoffs between scalability, performance, power, decentralization, and security. Proof of Work PoW was a breakthrough in providing permissionless and decentralized coordination of network participants, but the economics have devolved into purpose-built hardware that consumes too much energy. Even with all the advancements in cryptocurrency technology in the past decade, PoW coins hold the top spot in market cap and global trust—they provide the highest level of decentralization and security. Can we have our cake and eat it too?
Ch-ch-ch-Chia! HDD sales soar to record levels as latest crypto craze sweeps Europe
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. Note: There is no need to use a dedicated computer to cultivate Chia Coin.
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Right now, it looks like the bulk reselling of Chia plotting hardware is primarily happening in Asia, though we would advise our readers to be wary of used HDDs and SSDs. Chia plotting destroys storage prematurely, and it has a larger impact on hardware longevity than Ethereum mining has on graphics cards. As always, be cautious when purchasing used hardware. You can join the discussion on Chia miners reportedly selling their hardware en-masse on the OC3D Forums. Subscribing to the OC3D newsletter will keep you up-to-date on the latest technology reviews, competitions and goings-on at Overclock3D. We won't share your email address with ANYONE, and we will only email you with updates on site news, reviews, and competitions and you can unsubscribe easily at any time. Simply enter your name and email address into the box below and be sure to click on the links in the confirmation emails that will arrive in your e-mail shortly after to complete the registration.
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.
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