First post, by The Serpent Rider
- Rank
- l33t++
So apparently asian digital storage markets (mainly China) are going crazy in anticipation for new cryptocurrency called Chia, which will be available for trading in May.
https://www.tomshardware.com/news/hard-drive- … ers-making-bank
It also affected some other regions like Kazakhstan and Russia. Here's in-depth interview with some anonymous* russian miner about how it works: https://habr.com/ru/company/ruvds/blog/554046
Long story short: you need both SSD and HDD to mine it efficiently, with a beefy CPU to boot**. HDD is used to storage data and SSD is used for "plotting" new data. Allegedly, NAND resource is depleted at dangerous speed during that process.
Somewhat outdated Linus video about HDD mining in 2018, which never took off: https://www.youtube.com/watch?v=nJ4ea5NNqcg
So what are your thoughts about that? Do you expect global shortages of HDD and SSD within few months and/or prices going 50-100% up? Will we live in the world where both a gaming video card and plenty of storage in PC is luxury?
P.S.
Realtime monitoring: https://www.chiaexplorer.com
*So take this with a grain of salt.
**Pun intended.
I must be some kind of standard: the anonymous gangbanger of the 21st century.