Chia - The Cryptocurrency Gunning for Your SSD and HDD Space That Could Bring Another Tech Sector Pricing Up

[Tomgang]

What's next? Crypto mined on PSU or RAM?

Shhh don't give them any new ideas

Don't give them ideas.

LOL you where faster.

 

[efikkan]

What's next? Crypto mined on PSU or RAM?

Pen, paper and a D20 dice.

 

[Frank_100]

I wonder it it would be profitable for the hardware manufactures to buy coin to bid up the price and create demand for their hardware?

 

[Tomgang]

I wonder it it would be profitable for the hardware manufactures to buy coin to bid up the price and create demand for their hardware?

A good point, but please delete this message. Don't give Intel, nvidia or amd any good ideas. It's all ready bad enough as it is. Just kidding about deleting, but seriously be careful what you ride.

You never know when you give greedy people, scalpers, miners or companies good ideas for there own gain to much suffering for you and us normal gamer or people just using a pc.

 

[silentbogo]

Now, that's where all the idiotic fuss about SSD shortages came from... Got a dozen messages from my friends and colleagues this morning, reposting useless crap from news outlets. I didn't even bother to read any of them.
Guys, we've had SiaCoin for a long time. Even at its peak it didn't cause any shortages, and at this point became a victim of its own success: it can barely compete with cloud storage, regardless of its many technical advantages only because it became more and more expensive.

The only reason we'll get SSD shortages this/next year, is because our usual suspects Samsung, WD, Kioxia, Hynix and Micron will decide to f#$%k you over once again because [ generic placeholder for power outage || contamination || natural/unnatural disaster || COVID ].

 

[spectatorx]

Good God, will this crypto nightmare never end. What's next, mining on smartphones or maybe a calculator. How about a cars build in infotainment systems. That has a cpu two.

I am so sick and tired of this crypto bs. I need my gpu but not for 2-3 times the cost and now soon maybe also storage will cost 2 or 3 times the msrp.

Glad I just ordered a few nvme SSD and a pair of 14 tb HDD. That can keep me going for a while.

I wish for crypto to crash and burn. Sink to the bottom of the ocean and be forgotten forever.

It is already possible to mine on smartphones. Someone as proof of concept already tried mining on calculator, i think, but i may be wrong about that.

What's next? Crypto mined on PSU or RAM?

Both already are in demand from miners. Every mining rig needs good, power efficient psu. Mining on cpus is a thing and like with any cpu oriented calculations ram impacts performance so for better mining results better ram is welcome.

 

[Tomgang]

It is already possible to mine on smartphones. Someone as proof of concept already tried mining on calculator, i think, but i may be wrong about that.


Both already are in demand from miners. Every mining rig needs good, power efficient psu. Mining on cpus is a thing and like with any cpu oriented calculations ram impacts performance so for better mining results better ram is welcome.

It was a thing mining on smartphone. It seems there has been a ban on smartphone mining since 2018 at the last mining nightmare.

How to mine cryptocurrencies on your Android smartphone

You can no longer make money by mining on your phone as you sleep

www.techradar.com

But trying to do it on a calculator, why am I not surprised. Just showing People's greed will never end. Mine on anything possible. Game consoles has also been used for mining. PS4 was used under the 2017/2018 crypto boom.

 

[Why_Me]

A New Threat to New York’s Clean Energy Goals: Bitcoin Mining

A Finger Lakes power plant plans to ramp up energy-intensive Bitcoin mining. If the state allows it to proceed, environmentalists warn dozens of…

www.nysfocus.com

 

[Tomgang]

A New Threat to New York’s Clean Energy Goals: Bitcoin Mining

A Finger Lakes power plant plans to ramp up energy-intensive Bitcoin mining. If the state allows it to proceed, environmentalists warn dozens of…

www.nysfocus.com

Yeah that's the next. More power consumption and pollution. Just great, as we others trying to make as little pollution as possible, mining going to ruin that or at least help out to make our trying in vain.

 

[silentbogo]

Game consoles has also been used for mining. PS4 was used under the 2017/2018 crypto boom.

When? What? How? Or is it just a speculation from 2017-2018 clickbaits?
The only thing you could do on a PS4 is mine XMR on CPU or some garbage like Electroneum (you may also know it as "that garbage script-kiddies bunlde with malware to overheat your CPU").
PS4's APU is about as powerful as Carrizo APU inside your run-of-the-mill $150 netbook of that time. Not much compute oomph to mine even one cup of bitter coffee. On PS4 it's not even profitable(electricity costs overrun your puny profit even at optimistic 800H/s XMR). GPU mining was always out of question, because the only thing that kinda works on PS4 is Gallium.

 

[Tomgang]

Also now we are at the hardware. Mining gpu's are well known. Now we can also say hello to mining storage devices.

Chinese Manufacturers Begin Production of Cryptocurrency Mining Dedicated SSDs As Chia Coin Gains Popularity

Chinese storage makers have commenced production of dedicated cryptocurrency mining SSDs after the rise in popularity of Chia Coin.

wccftech.com

Excuse me while I go out and p**e over this BS. Crypto is the worst invention ever. It's time for governments to step in and take control over this. It's uncontrolled and cause suffering and desperation among people who just want a gaming gpu or soon new storage. Also companies can't upgrade there servers because you guessed it, gpu and storage is gulped up by either miners or scalpers. I know there is also a ressource shortage, but that is not alone the culprit for this shortage of hardware.

When? What? How? Or is it just a speculation from 2017-2018 clickbaits?
The only thing you could do on a PS4 is mine XMR on CPU or some garbage like Electroneum (you may also know it as "that garbage script-kiddies bunlde with malware to overheat your CPU").
PS4's APU is about as powerful as Carrizo APU inside your run-of-the-mill $150 netbook of that time. Not much compute oomph to mine even one cup of bitter coffee. On PS4 it's not even profitable(electricity costs overrun your puny profit even at optimistic 800H/s XMR). GPU mining was always out of question, because the only thing that kinda works on PS4 is Gallium.

As far I know and have read. It was possible by installing Linux on ps4. Probably a hacked ps4's consoles. I have not read much into it.

I Will not be surprised if ps4 and other consoles will be used two. Specially if crypto keep going strong and gpu is still a problem to get the next coming month.

There is all ways someone trying different ways to earn money.

 

[Deleted member 205776]

Yay. More Cryptocringe.

 

[silentbogo]

As far I know and have read. It was possible by installing Linux on ps4.

Yes, it is possible, just like mining on a TI-84 calculator. The cake is a lie. You should get into habit of being skeptical of clickbaits.

 

[R-T-B]

What's next? Crypto mined on PSU or RAM?

It already uses PSUs. I mean the PSU is basically the root of everything.

Yes, it is possible, just like mining on a TI-84 calculator. The cake is a lie. You should get into habit of being skeptical of clickbaits.

You can mine with pen and paper. Somehow I do not anticipate a paper shortage, though.

It was a thing mining on smartphone. It seems there has been a ban on smartphone mining since 2018 at the last mining nightmare.

That was never profitable. That's why it died, not a "ban."

 

[silentbogo]

You can mine with pen and paper. Somehow I do not anticipate a paper shortage, though.

That's exactly what I'm talking about.
BTW, just checked how SIA is doing - no change since last year. $13/TB/mo and ridiculous bandwidth fees. Chia isn't even listed anywhere and doesn't have an developed infrastructure to bring any kind of meaningful impact. Really doubt there's gonna be a reason for anyone to become a doomsday-prepper with shelves full of HDDs and SSDs.

 

[R-T-B]

That's exactly what I'm talking about.
BTW, just checked how SIA is doing - no change since last year. $13/TB/mo and ridiculous bandwidth fees. Chia isn't even listed anywhere and doesn't have an developed infrastructure to bring any kind of meaningful impact. Really doubt there's gonna be a reason for anyone to become a doomsday-prepper with shelves full of HDDs and SSDs.

Yep clickbait article is clickbait, sorry guys.

 

[shilka]

Dont care if Chia is real and useful or not i needed an excuse for a second 18 TB hard drive and this was the perfect excuse

 

[dragontamer5788]

What's next? Crypto mined on PSU or RAM?

RAM is what caused the GPU-shortage.

A lot of alt-coins are designed to be RAM hard, and HBM2 and GDDR6x are the best RAM for those kinds of problems. Sure, there's a GPU attached, but you're just using the GPU-portion as a RAM interface (cheapest way to get lots of HBM2 or GDDR6x)

 

[evernessince]

I was wondering why the price of 16 and 18TB HDDs shot up. One day 18TB drives were $380 to $400 and now they are $500 - $600.

 

[mechtech]

If aliens see/seen the stuff humans did/do we would be the laughingstock of the galaxy.

 

[Why_Me]

I was wondering why the price of 16 and 18TB HDDs shot up. One day 18TB drives were $380 to $400 and now they are $500 - $600.

RAM just shot up $20 today for a 16GB kit here in the US.

 

[zlobby]

RAM is what caused the GPU-shortage.

A lot of alt-coins are designed to be RAM hard, and HBM2 and GDDR6x are the best RAM for those kinds of problems. Sure, there's a GPU attached, but you're just using the GPU-portion as a RAM interface (cheapest way to get lots of HBM2 or GDDR6x)

Agreed. But I was referring to general RAM, not vRAM.

It already uses PSUs. I mean the PSU is basically the root of everything.


You can mine with pen and paper. Somehow I do not anticipate a paper shortage, though.


That was never profitable. That's why it died, not a "ban."

It was more of a sarcasm. Naturally everything needs a PSU. I was thinking of a method to use the PSU to mine crypto on the power meter.

Pen, paper and a D20 dice.

Dungeoncoin?

 

[Dux]

Hooraaaay! Can we please get some crypto that is mined on RAM? Also mined only on CPU's? What else can we F up? Sound cards? I can't afford to be a PC gamer any more.

 

[dragontamer5788]

Agreed. But I was referring to general RAM, not vRAM.

Its really hard for me to imagine a cryptocoin algorithm that'd be better on DDR4 than GDDR6x or HBM2e.

 

[Tomgang]

How about we just mine on everything with some sort of ram, cpu or gpu in it. Let's begin mining on smart watches, smart TV and so on as well. Soon every electronic device will be double or triple the msrp. Happy mining and scalping. while pc user and gamers are knocked back to the stone age.

What nice future we are going to...