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

[JeffF]

I swear the Hardware manufactures are the ones forcing/creating this crypto crap upon us. There is no other explanation for it. They are the ones profiting from it more than anyone.

 

[las]

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

PSUs 850w+ especially 1000w and up are already jacked up because miners needs these to run alot of gpus

RAM are expected to rise up to 20% very soon

 

[spectatorx]

PSUs 850w+ especially 1000w and up are already jacked up because miners needs these to run alot of gpus

RAM are expected to rise up to 20% very soon

RAM prices now will increase mainly because of lifecycle: ddr4 slowly comes to end as ddr5 should be launching to regular customers somewhere next year.

 

[R0H1T]

RAM prices now will increase mainly because of lifecycle: ddr4 slowly comes to end as ddr5 should be launching to regular customers somewhere next year.

DDR4 isn't going away anytime soon, until at least the MSDT platform moves to DDR5 only ~ which is probably 2023 at the earliest IMO. I hope & expect at least one (major) round of price cuts before DDR4 fades into obsolescence.

 

[las]

RAM prices now will increase mainly because of lifecycle: ddr4 slowly comes to end as ddr5 should be launching to regular customers somewhere next year.

DDR5 will be expensive in the beginning, with high clockspeeds but terrible timings.

Back when DDR4 came out, high-end DDR3 were still superior in alot of tasks especially gaming (which prefers low latency).

DDR4 is not going away anytime soon

 

[R0H1T]

Hashi Hashimoto is now head of civilisation control department. Crypto has been used on several planets at a similar stage of development, with great success every time.

Nah that dubious title probably goes to the ethereal Zuckerberg &/or Tiktok owners

 

[R-T-B]

I just had a couple of those 252cfm Delta's running a couple of hours ago. They do get annoying after a while.

My old mining ones no less lol. You saved them from a leaky attic. Hope you enjoyed.

 

[silentbogo]

PSUs 850w+ especially 1000w and up are already jacked up because miners needs these to run alot of gpus

In Ukraine they never really fell in price after the first boom.
Fortunately, the majority of people don't need a 1kW PSU nowadays, even if you have a maxed-out gaming rig.
Heck, I've been getting by with 550W or lower PSU for the past 10 years or so(even on OCed Westmere rig). Got a spare 1kW unit as a payment not too long ago, but I think it'll do better elsewhere.
As for miners, there are much better alternatives than consumer-grade PSUs. Most of my friends with mining rigs got on a bandwagon of refurbished modded Emerson and HP enterprise PSUs. The last one I bought for my customer cost around $200. 2.4kW, already modded with 20-something 6+2pin cables made out of real 18AWG wiring w/ soldered connectors (enough to run his 6xP104-100 cards, hook up a PicoPSU for motherboard and have few spare connectors just in case). Not only is it much safer from electrical standpoint, but also saves those beastly PSUs from landfill.

 

[JAB Creations]

Kill it with fire.

Yet another demonstration that crypto is nothing more than a race to invent ever new stuff for people to invest in gamble on. Utter f*****g waste in every single concievable way. Making the rich richer, screwing over the planet (production of SSDs also pollutes, after all, and e-waste is a major problem already), but of course this is "liberating" people from some undefinable "oppression". The ideological BS surrounding this is still staggering to me. It's just another way to maintain the status quo of predatory capitalism.

I was about to agree and like and then you had to blame capitalism. You need to seriously learn the difference between capitalism and cronyism.

 

[Dr_Lizardo]

Blockchain, cryptocurrency, this technologies have proven to bring more harm than good over the past decade
bitcoin, what was to be a revolutionary currency to replace the printed out of nothing paper money
is now a commodity people gambling with, it is used as anything but being a currency, sucking up electricity and silicon resources like there's no tomorrow, crypto mining is being to the environment, far more than real mining, what an irony
nobody will spend a currency to buy anything if that currency value keep doubling, tripling, halving in a mere of months
the only people who benefiting are the already corrupt and wealthy wall street guys and bankers,
using to launder money, use it as an offshore private account,
cryptocurrencies proved to be a mere other tool to keep the status quo

You really don't understand how it works. Of the seven things you said, seven of them are wrong. Crypto-mining isn't causing the silicon shortage. That's absurd, as is the notion that crypto-mining is worse for the environment than geo mining. Utterly laughable.

I'm short on time so I can't reply to any more of your points right now, but they're wrong too.

Cheers.

 

[Valantar]

Kill it with fire.



I was about to agree and like and then you had to blame capitalism. You need to seriously learn the difference between capitalism and cronyism.

Cronyism is a built-in feature of unregulated capitalism.

 

[Why_Me]

Cronyism is a built-in feature of unregulated capitalism.

There's cronyism in all economic systems.

 

[Valantar]

There's cronyism in all economic systems.

That's absolutely true. What makes capitalism stand out (somewhat) is that it actively encourages it, discourages regulatory mechanisms designed to fight it, and mainly sees it as positive (through creative redefinitions of "efficiency"). Of course there are other systems that do similar things, but none to the same degree.

 

[Why_Me]

That's absolutely true. What makes capitalism stand out (somewhat) is that it actively encourages it, discourages regulatory mechanisms designed to fight it, and mainly sees it as positive (through creative redefinitions of "efficiency"). Of course there are other systems that do similar things, but none to the same degree.

Capitalism breeds innovation.

 

[las]

In Ukraine they never really fell in price after the first boom.
Fortunately, the majority of people don't need a 1kW PSU nowadays, even if you have a maxed-out gaming rig.
Heck, I've been getting by with 550W or lower PSU for the past 10 years or so(even on OCed Westmere rig). Got a spare 1kW unit as a payment not too long ago, but I think it'll do better elsewhere.
As for miners, there are much better alternatives than consumer-grade PSUs. Most of my friends with mining rigs got on a bandwagon of refurbished modded Emerson and HP enterprise PSUs. The last one I bought for my customer cost around $200. 2.4kW, already modded with 20-something 6+2pin cables made out of real 18AWG wiring w/ soldered connectors (enough to run his 6xP104-100 cards, hook up a PicoPSU for motherboard and have few spare connectors just in case). Not only is it much safer from electrical standpoint, but also saves those beastly PSUs from landfill.

Yes, I'm only using 1kW because I got it for free, 750-850 would have bene more than fine. Without OC at all, even 650 would probably be enough

Alot overestimate their PSU needs

A friend of mine once bought a 1500 watt PSU for a single CPU/GPU system , barely used 450 watts during load

 

[Valantar]

Capitalism breeds innovation.

Got any non-anecdotal evidence to base that statement on? Crucially, anything with an actually valid comparison to demonstrate that it breeds significantly more innovation than any other system? Without that, such a statement is nothing but empty ideological rhetoric.

 

[micropage7]

so, everything about hardware will be robbed by miner. so average person will run pc from 2018 without having a chance to upgrade

 

[Why_Me]

Got any non-anecdotal evidence to base that statement on? Crucially, anything with an actually valid comparison to demonstrate that it breeds significantly more innovation than any other system? Without that, such a statement is nothing but empty ideological rhetoric.

Your using the internet. Innovation right there.

 

[Valantar]

Your using the internet. Innovation right there.

And? The internet was mainly developed by publicly funded researchers within academia and defense, neither of which are fundamentally capitalist organizations (even if both have moved significantly in that direction in later decades). Publicly funded research and development might involve capitalist systems and mechanism, but being publicly funded those mechanisms are not fundamental to the process. But again: for your statement to have any kind of value, it must be that capitalism breeds more innovation than alternative systems. Examples of innovation within capitalism aren't an argument towards that whatsoever, as there's no comparison involved. Besides, given that there haven't existed any significant non-capitalist systems in the modern era (it would be quite difficult to argue that the thoroughly corrupt economic system in the Soviet union wasn't also capitalist in many ways, though of course not entirely, and not in name).

 

[Silver']

Here's a suggestion for truly environmentally friendly crypto: make the blockchain analogue, have the proof of stake be that someone comes over to your house to check that you are still physically in posession of the thing in question. Have them write it down in a publicly available ledger. After all the actual """"""work"""""" done in crypto mining purely serves to demonstrate that "hey, I own X amount of product Y, plz reward me accordingly". If they just skipped the entire part where this equipment needs to be turned on doing meaningless busywork we'd skip a major portion of the environmental damage caused. And we wouldn't have a bunch of holes in the ground either

1. *possession.
2. Banks have massive datacenters consuming huge amounts of power, are you on finance site ranting?
3. What do you plan to power that 'publicly available ledger' with? It will need to be electronic and verifiable globally. Maybe an energy efficient blockchain like Chia is a good choice for that job.
4. 'someone comes over to your house'. What, walks there? Or floats there on a magical cloud that has no impact on the environment?​

 

[Valantar]

1. *possession.
2. Banks have massive datacenters consuming huge amounts of power, are you on finance site ranting?
3. What do you plan to power that 'publicly available ledger' with? It will need to be electronic and verifiable globally. Maybe an energy efficient blockchain like Chia is a good choice for that job.
4. 'someone comes over to your house'. What, walks there? Or floats there on a magical cloud that has no impact on the environment?​

Damn, it's doubly impressive that you a) are taking a joke post this seriously, and b) still manage to be this wrong.

Banks have datacenters that do actually useful things, by processing transactions allowing people to, oh, I don't know, buy food and pay rent and stuff like that. Crypto also consumes power for transactions btw. This is utterly negligible compared to the power cost of mining though, to which there is no equivalent outside of crypto.

A publicly available ledger could be hosted on pretty much any hardware. Or in the case of my joke, on paper, in an actual ledger. The power cost would, again, be negligible, or zero in the case of paper. Again: it's the mining that consumes the power.

As for transport, they could drive cars for pretty significant distances without it coming close to the environmental impact of crypto mining. I don't think you quite grasp the scale of electricity consumption involved.

 

[CheapMeat]

I'm not going to bother to care what a Norwegian has to say about "relative privilege" in terms of finding some kind of economic mobility through crypto. Yawn. Your post is the real pompous self-delusion. Every Northern European I interact with is so full up their rears when talking about money and society. It's cut and paste personalities. Go keep lying to yourself about how much generally poor people have found some form of economic freedom through crypto. You can shove your fingers in your ear and go LALALALA all day while spewing generic anti-capitalism rhetoric while doing absolutely NOTHING of value to make anyone's lives truly better except drowning them in shame. I'm NOT a crypto miner and I 100% get it and why people are trying anything possible. But whatever.

 

[Valantar]

I'm not going to bother to care what a Norwegian has to say about "relative privilege" in terms of finding some kind of economic mobility through crypto. Yawn. Your post is the real pompous self-delusion. Every Northern European I interact with is so full up their rears when talking about money and society. It's cut and paste personalities. Go keep lying to yourself about how much generally poor people have found some form of economic freedom through crypto. You can shove your fingers in your ear and go LALALALA all day while spewing generic anti-capitalism rhetoric while doing absolutely NOTHING of value to make anyone's lives truly better except drowning them in shame. I'm NOT a crypto miner and I 100% get it and why people are trying anything possible. But whatever.

Man, it's always interesting to see when the people disagreeing with you resort to these kinds of screeds of ad hominems and baseless generalizations. How exactly do you know what I might or might not do to make anyone's life better? And who am I shaming, precisely? I mean, you've got me genuinely curious here. But besides that, is your stance really that hard to make sensible, rational arguments for? Or do you just enjoy making yourself look wildly irrational and defensive? I mean, at least you do try to counter something I said (the whole "keep lying to yourself about ..." thing), but do you actually have any data, evidence, anything at all non-anecdotal suggesting that crypto is making a meaningful difference in bettering the lives of poor people? That would be the new claim in need of evidence here, after all. New things for rich people to gamble on tend to maintain or reinforce the status quo (which, for reference, is massive and increasing wealth inequality, and stagnant or dropping wages and purchasing power for all but the wealthy, at least in most Western countries), while you're supporting claims that it does the opposite. That requires some sort of supporting evidence. So far I've seen nothing of the sort.

 

[64K]

I was just reading an article about the Commodore 64 being modded to mine crypto. It does a really poor job of it.

 

[Kaya]

Yet another demonstration that crypto is nothing more than a race to invent ever new stuff for people to invest in gamble on. Utter f*****g waste in every single concievable way. Making the rich richer, screwing over the planet (production of SSDs also pollutes, after all, and e-waste is a major problem already), but of course this is "liberating" people from some undefinable "oppression". The ideological BS surrounding this is still staggering to me. It's just another way to maintain the status quo of predatory capitalism.

What are you talking about? A race to invent newer stuff is never a negative, it's how the world turns. Take the worst possible example of the world wars, no matter how bad they were technology rapidly advanced. All of these hard drives are already being produced, mining worldwide uses less power than our current banking and debit machine infrastructure. You're just a liar who masks advancement with false claims. "Don't invest in electric cars, those batteries are bad for the environment!" even though batteries are better than fossil fuels. Exactly what you sound like.