Ssd mining: Best SSD for cryptocurrency mining

Bram Cohen believed that the idea of ​​implementing a cryptocurrency is not entirely successful. This prompted him to create a more advanced alternative to bitcoin — ChiaCoin. A mining farm on hard drives uses other calculation methods. Most cryptocurrencies are mined using the proof-of-work system, which can be translated as “proof of work”. All cryptocurrency transactions are complex cryptographic functions that require calculation. If the result matches, the work is considered completed and proven, the miner receives a reward.
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The disadvantage of such a system is the high cost of electricity. In the world, 130 terawatts per year are currently spent on mining through video cards. This is more than some countries consume in a year. As a result, the volume of greenhouse emissions is growing, which negatively affects the environment. HDD mining can solve this problem. Bram Cohen says that in the near future, the mining farm on the HDD will oust the position of Bitcoin and other cryptocurrencies mined on video cards. Leading experts and market analysts agree with the CHIA developer.
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Why is hard drive mining so popular?

The main reason why mining on HDD 2021 became popular was the launch of the CHIA cryptocurrency by programmer Bram Cohen, known to users as the author of the BitTorrent protocol. Unlike other cryptocurrencies that require GPU computing power, CHIA mining on HDD uses the free space of the data storage. According to the logic of the creator, this way of earning will be more environmentally friendly and less costly for miners.
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Bram Cohen believed that the idea of ​​implementing a cryptocurrency is not entirely successful. This prompted him to create a more advanced alternative to bitcoin — ChiaCoin. A mining farm on hard drives uses other calculation methods. Most cryptocurrencies are mined using the proof-of-work system, which can be translated as “proof of work”. All cryptocurrency transactions are complex cryptographic functions that require calculation. If the result matches, the work is considered completed and proven, the miner receives a reward.
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The disadvantage of such a system is the high cost of electricity. In the world, 130 terawatts per year are currently spent on mining through video cards. This is more than some countries consume in a year. As a result, the volume of greenhouse emissions is growing, which negatively affects the environment. HDD mining can solve this problem. Bram Cohen says that in the near future, the mining farm on the HDD will oust the position of Bitcoin and other cryptocurrencies mined on video cards. Leading experts and market analysts agree with the CHIA developer.
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What are the benefits of HDD mining?

Mining on a hard drive still provides a relatively small profitability, since this way of earning is only gaining momentum. Unlike the same bitcoin, the Chia cryptocurrency uses the proof-of-space-time method (proof of space and time). All transfers of this crypt between participants are the same cryptographic operation as in bitcoin mining. The difference is that the result should not be calculated, but found in the finished table. If someone managed to find the desired result, the translation is considered proven. It is added as a block to the blockchain, and the user receives a reward in the form of ChiaCoin.
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The process of mining coins through a hard drive is different from the usual mining. Mining on SSD and HDD is called farming. However, instead of computing power, it uses free disk space. The HDD is divided into small sections that store tables with the results of the values. Thus, the more ready-made tables the owner has, the higher the chance to receive a reward. At the same time, power consumption is several times less: one top-end video card consumes about the same amount of electricity as ten hard drives.
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Mining on Chia hard drives is easier when compared to traditional coin mining. To earn cryptocurrency, you do not need power to calculate the result. The computer is used to generate random values, a standard processor is enough for this. It is noteworthy that the CHIA mining system is designed in such a way as not to give advantages to participants when increasing computing power. The implementation of such a cryptocurrency mining mechanism puts all participants in approximately equal conditions and will not cause much excitement in the HDD market.
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Disadvantages of hard drive mining

CHIA is not the first cryptocurrency that can be mined using HDD. This way of earning is not new. In addition to Chia, there are also Burst, Siacoin, Storj. Despite this, the number of cryptocurrencies for mining through the HDD is not as large as through the video card. Mining Chia on SSD will only be profitable in a few years, when this mining method gains momentum. At this stage of development, this is a great opportunity to earn extra money in the short term. In the meantime, mining on SSD 2021 Chia will not bring tangible income.
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In addition, mining on SSD drives can lead to a shortage of goods and its rapid rise in price, as happened earlier with video cards. Already in China and Japan, buyers are sweeping hard drives off the shelves. As a result, some stores ran out of SSD drives with a capacity of 8 TB or more. Others have taken the decision to limit retail sales and inflated prices. Mining on SSD brings little profit, since the mining technology is relatively new.

In our country, there is no hype around solid-state drives yet. By the way mining on SSD works, we can safely say that ordinary HDDs are quite up to the task. The only downside to standard HDDs is their relatively short lifespan, while SSDs have a much longer lifespan. Cryptocurrency mining on SSD is beneficial only at the stage of generating tables with the results of cryptographic operations.
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This process is called «plotting». It lies in the fact that when forming tables, a temporary file of a sufficiently large size is created, with which the RAM is simply not able to cope. During plotting, the temporary file is constantly overwritten. Standard hard drives are less suitable for this task: they are too slow and unreliable compared to SSDs.

HDD or SSD — which is better?

Let us consider in detail which hard drives are suitable for Chia mining. The first step is to determine the type of drive. At this stage of technology development, there are two types of equipment:
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1. HDD — inside the case there are several magnetic disks, during the rotation of which information is read / written.
2. SSD — consists of a chipset, a kind of flash-memory, which is fixed on the board. These devices are more expensive than HDDs, but they are more durable and faster in operation.

The rational way out is to buy two “hards” of different types at once, since you need to choose a hard drive for mining for 2 purposes: forming tables in sections (plotting) and searching for ready-made solutions (pharming).
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The choice of HDD for mining Chia must be made on the basis of the system that will act as a farm. The connectors available on the motherboard, the power of the power supply, and other characteristics are taken into account. You can buy HDD for mining from us, but before ordering, pay attention to the data recording method. For example, discs with CMR recording are more reliable than analogues that record information using SMR technology.

When buying an SSD for mining, disk space is the first thing to consider. The more space there is on the disk, the more information can be written. Accordingly, the chances of getting a reward for users with a large amount of SSD will be higher than for owners of budget drives. The only drawback is the relatively high price of the devices. But, since the Chia cryptocurrency is only developing, and the forecasts for it are inspiring, such a chance should not be missed.
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How much can you earn?

So how much does hard drive mining bring in? It is impossible to answer this question unambiguously. It all depends on the balance of supply and demand. If interest in a particular cryptocurrency grows, it rises in price, and vice versa. Another factor that affects the amount of a miner’s earnings is the number of coins in circulation. By earning Chia, users lead to its scarcity in the market, and the price of the cryptocurrency grows. By selling coins, the miner increases their number on the market, and the price decreases.
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For some cryptocurrencies, tools have been introduced that help reduce the number of coins in circulation. For example, Altcoin has a staking feature: owners receive passive income for holding cryptocurrency and sell it less often on the market. Much depends on the level of capitalization: the higher it is, the more money you need to invest in cryptocurrency in order to significantly affect its growth. There are cases when the cryptocurrency has risen in price by 400,000% per day.

Before you start mining, it is important to understand all the risks. Chia’s main goal, according to Bram Cohen, is to reduce carbon emissions. In order to achieve this, Chia must oust giant bitcoin, ether, etc. from the market. Bitcoin is the first cryptocurrency, it enjoys well-deserved demand, authority among major financiers and is not going to leave its familiar place. However, in Asian countries, the demand for Chia appeared long before the launch of the cryptocurrency. This indicates sufficient popularity and can provide significant support for the new cryptocurrency during its launch.
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How to start earning Chia?

Let’s consider mining on Chia hard drives step by step, provided that the user has everything necessary: ​​disks are installed, an operating system (Windows or MacOS) and a desire to earn extra money. You only need to follow a few steps:

1. Install Chia mining software. You can download it for free on the official website.
2. Run the installation and create a wallet by selecting the appropriate section in the menu. nine0048

3. Write down on paper and save the 24-digit key — you need it to access the wallet.
4. Wait for the synchronization of the program with the Chia blockchain to complete.
5. On the «Plots» tab, create the first plotting raft by choosing its size — recommendations are also posted on the official website.
6. For the temporary directory where the raft will be formed, specify SSD. This is a long process for which speed is important. That’s why you need a solid state drive. nine0048

7. Specify the final directory where the created raft will be placed. For this, a regular HDD is suitable.
8. Upon completion of the formation of the raft, the synchronization of Chia with the blockchain will start.
9. Farming starts automatically, immediately after synchronization with the service. Progress will be displayed in easy-to-understand graphs.

When forming the raft, the PC will get very hot. Therefore, ensure good cooling of the computer in advance. Mining Chia through a hard drive makes it possible to start earning without large investments. The launch of the Chia cryptocurrency can be safely considered a second chance for those who missed the opportunity with Bitcoin.
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Chia Coin SSD mining and drive shortage

Mining has become the worst nightmare for gamers and computer enthusiasts. But the shortage of graphics cards and gaming laptops may not be the last manifestation of the cryptocurrency fever. In China, the popularity of the new crypt Chia Coin is growing. Unlike other virtual coins, it is mined not through video cards, but with the help of hard drives and SSD drives. And you can already guess what it can lead to.

Let’s talk about a new cryptocurrency that can cause a shortage of drives, about the most successful launch of a generation of video cards in the history of NVIDIA, cutting the warranty period for MSI graphics accelerators to six months and another forecast when all this will end.

A threat to the storage market

Chia Coin was invented by the founder of the BitTorrent peer-to-peer protocol, Bram Cohen. That’s right, this is the person who gave us the torrents. In February of this year, he released business documentation on his crypto, launched the mainnet in March to receive mining rewards, and from May 3, transactions using the new cryptocurrency will become available. nine0005

It is mined on hard drives and SSD drives. These devices consume less energy, and therefore the production of cryptocurrency is more environmentally friendly and energy efficient. Miners may be interested in this, since it is becoming more and more difficult to get video cards, and it will be necessary to pay less for electricity. In addition, there are still plenty of SSD drives on the market. Although not everywhere.

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A major Chinese SSD manufacturer is already reporting that its models are 1TB and 2TB sold out In Hong Kong, hard drives from 4TB to 18TB have already risen in price from 200 to 600 local dollars. with a high number of reads and writes, which SSDs are not very fond of.This reduces their life. Therefore, miners are oriented towards server options for drives, which are both more expensive and more reliable.But they do not shy away from more affordable consumer devices.

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It is not yet clear what all this is for. There is a similar crypt Filecoin, with the help of which a decentralized storage network is built. It allows users to buy and sell unused storage on the open market for virtual coins. Clients spend “filecoins” to exchange and receive data, miners earn them by storing and serving this data. This crypt has existed for a long time, it is traded on exchanges, but, fortunately, it has not caused a shortage of accumulators. Rather, large technology consortiums are investing in it. One is going to invest $1.3 billion to build data storage infrastructure. nine0005

There is hope that the same will happen with Chia Coin. Until it is traded on the stock exchange, miners mine coins for the future if they suddenly interest investors and cost tens, hundreds or thousands of dollars. But in the early stages, while no one needs the coin, it provokes the interest of pioneers who, in theory, are able to significantly increase their investments.

The Chia Coin network has about 30,000 drives with a total storage capacity of 260 petabytes (or 260,000 terabytes). On average, the number of drives increases by 500 per day. On this occasion, a Chinese manufacturer of SSD plans to start producing specialized drives for mining. With video cards, we have already gone through this. The cards allocated for miners did not have a particular impact on the overall shortage of devices. nine0005

The best start for graphics cards

At a presentation to its investors, NVIDIA boasted that its 3000-series gaming graphics cards showed crazy record sales at the start and outperformed previous generation cards in terms of dynamics. And the revenue of the gaming division grew by 41%.

NVIDIA claims that gamers are more willing to buy the new generation of 3000-series graphics cards. As proof, stats from Steam are cited. According to her, the percentage of Ampere architecture cards that gamers have on Steam is growing twice as fast as it was with the previous generation of Turing cards. How did it happen? nine0005

I am not the ultimate truth. But there are assumptions based on personal assembly experience. The 2000th generation of NVIDIA video cards was the first with hardware support for rays and in many ways a compromise. Even the RTX 2080 TI was enough for playable gameplay at maximum graphics settings in 4K resolution. But for a stable FPS, I had to lower the quality settings. There was no need to talk about ray tracing in this resolution. I had to choose one. In addition, ray tracing and DLSS anti-aliasing technology were far from being in all games. nine0005

That’s why I’m not the only one, I think, decided to skip this generation and sit out on my GTX 970 for a future full system upgrade to 4K. Video cards of the 1000th series still hold the first places among Steam users. In addition, many managed to get video cards at adequate prices in the debut September-October, when mining had not yet become so popular, and cryptocurrencies were just beginning to show a new wave of growth. This, it seems to me, can explain such cheerful NVIDIA statistics for investors. nine0005

Warranty reduction

Mining, by the way, is not mentioned in this presentation, as if it does not exist. But the owners of video cards from MSI will feel the consequences. The company decided to update the warranty conditions for 17 video card models. And at once reduced them six times at once — from three years to six months. Now the service life of these cards is indicated as equal to the same six months, although it was 4 years.

You don’t have to look far for reasons. Apparently, the company is confident that many video cards are used for mining. This means that they work 24 hours a day, 7 days a week. At the same time, there are only 6 cards on the MSI list that are designed exclusively for mining. The remaining 11 are regular gaming graphics cards from both the 2000th generation NVIDIA and the 3000th Ventus series. The Gaming series was not subject to warranty pruning. So far, such a trick with the ears has been carried out only in Russia and only with a certain pool of video cards. nine0005

Will other manufacturers catch up with this practice? Gigabyte has installed a warranty period of 90 days on its specialized CMP 30HX video card for mining. After its expiration, the company is not going to be responsible with its money for mining risks for equipment.

Miners are unhappy with such gestures. Farm graphics cards are said to operate at reduced frequencies and voltages, and in almost even more luxurious conditions than gaming cards in cramped cases. nine0005

Back to the same NVIDIA presentation for investors. The company outlined the prospects for resolving the deficit and officially confirmed fears that supply disruptions will persist throughout 2021. And this means that it will be possible to find a card of the 3000th series at an adequate price no earlier than in 2022.

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