Topic: HDD Proof of Capacity Mining, is it Viable? (Read 2429 times)

Hey, good job necro posting from 5 years ago..

In any case, burstcoin seems to already be dead and in the dumps. Didn't really see why HDD mining was a better option than CPU mining when the latter obviously is more powerful and more capable of much greater things.

You mining with HDD?

hdd mining is not at all viable
for starters the profitability is in negative
also poc coins are notorious to short the life of the hard drive or any storage device significantly
so i still prefer cpu or gpu mining

For now it is not so reliable. But if you want to wait for it and just mine for the rest of the year. We might not know the bitcoin gold will be going up by next year. https://bulliontradingllc.com/

Do I have to write them to disk? Since you generate them yourself based on an algorithm, couldn't you just seek into the data by generating them on the fly? Aaaah answer: No, since the algorithm is that time costly that storing is the only viable way. That ... could work up to the moment somebody owns a computing cluster that generates the data on the fly, without need of diskspace.

Back on energy efficiency: PoS can do that, too. Inflation? Defineable like 1%.
Whenever BTC goes down, people everywhere all over the forum are complaining about Inflation due to newly emitted coins mined using PoW principle, block halving and high emittion curves 

HDD Mining is now possible through a coin called Burstcoin. While there are ways of mining Burstcoin using PoW methods, BurstCoin is meant to be mined using a unique proof of capacity algorithm.

Prior to mining, miners generate segments of data known as plots that are saved to the hard-drive. The more plots stored; the faster a miner can mine. With every unsolved block, the miner’s hard-drive will search through the saved plots to estimate a timeframe for which it can mine a block if that block has not been found. Once the hard-drive reads through the plots, it will sit idly until the block can be solved. In theory, this means that HDD mining is incredibly power efficient and can be safely done on a laptop, unlike PoW mining.

Disclaimer: The author has no holdings in Burstcoin, nor has he ever personally mined Burstcoin.

The Burstcoin wallet is a web-based java wallet that requires some java knowledge to setup. The setup instructions are fairly vague, and a lot of people have been having troubles setting up everything they will need to mine. Miners will need to edit.BAT and SH files with specific perimeters that are not well documented. Generating the plots requires both significant HDD space, and time. To generate plots for a 2 TB hard-drive, the process could take up to 24 hours based on your computer’s hardware. HDD Mining with less than 1 TB at this point probably isn’t worth it.

Read the full article at: https://www.cryptocoinsnews.com/hdd-proof-of-capacity-mining-viable/