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How to Mine Chia, Hard Drive crypto mining [52709]

 
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ggrobot
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PostPosted: Tue Apr 20, 2021 3:38 pm    Post subject: How to Mine Chia, Hard Drive crypto mining [52709] Reply with quote

A new cryptocurrency going by the name of Chia could bring about a boom in demand for HDD and SSD, which have been kept relatively untouched by the latest mining and supply constraints. However, optimistic predictions of falling prices for NAND (optimistic for consumers, that is) could prove to be erroneous. Apparently

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Source: GGMania headlines
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Csimbi
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PostPosted: Tue Apr 20, 2021 7:35 pm    Post subject: Reply with quote

A hard disk is for storage - not for computing unique hashes.
What gives?
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lorcro2000
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PostPosted: Wed Apr 21, 2021 3:16 pm    Post subject: Reply with quote

This crypto doesn't use proof of work (hash computation) or proof of stake (people securing the network with staked cryptos) but storage space.

Which is in its own way at least as wasteful as using proof of work. There is no need for this nonsense, proof of stake seems to be by far the cleverest approach, no miners abusing graphics cards or stockpiling hard drives, especially now.
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