chia have a lot of fork coin but not have any coin can make price higher than chia
Topic: Is the HDD mining hype over? - page 2. (Read 715 times)
chia have a lot of fork coin but not have any coin can make price higher than chia
Chia (XCH) is being traded for $31.42 USD, this price, or something like 100USD is probably the fair price, but the peak of 1599 USD was only speculation in my opinion, and these prices can't be reached again.
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
This usually happens when a new coin is launched. Hype spreads like crazy, pumping the cryptocurrency's price to the moon. But after a few months, you will see prices going down due to loss of interest among the general public. It happened with Zcash when it traded well above $1.3k per coin, only to go all the way down to less than $50. What makes you think Chia would be any different? It seems to me that HDD mining's popularity is declining, when there are a lot of coins which can be mined via the use of ASICs and GPUs.
As far as I know, both Chia and Burst are the only coins in existence which can be mined with a HDD. I guess that's why there's not a lot of interest in mining them. If only developers made more HDD-mineable coins things would've been different. Not only HDDs are more accessible than GPUs or ASIC, but they're cheaper too (depending on the type of HDD, of course). At least, the two coins (Chia and Burst) are still alive. Who knows if someone decides to create a new fork out of these projects to revive the hype? Just my thoughts
chia have a lot of fork coin but not have any coin can make price higher than chia
Chia (XCH) is being traded for $31.42 USD, this price, or something like 100USD is probably the fair price, but the peak of 1599 USD was only speculation in my opinion, and these prices can't be reached again.
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
This usually happens when a new coin is launched. Hype spreads like crazy, pumping the cryptocurrency's price to the moon. But after a few months, you will see prices going down due to loss of interest among the general public. It happened with Zcash when it traded well above $1.3k per coin, only to go all the way down to less than $50. What makes you think Chia would be any different? It seems to me that HDD mining's popularity is declining, when there are a lot of coins which can be mined via the use of ASICs and GPUs.
As far as I know, both Chia and Burst are the only coins in existence which can be mined with a HDD. I guess that's why there's not a lot of interest in mining them. If only developers made more HDD-mineable coins things would've been different. Not only HDDs are more accessible than GPUs or ASIC, but they're cheaper too (depending on the type of HDD, of course). At least, the two coins (Chia and Burst) are still alive. Who knows if someone decides to create a new fork out of these projects to revive the hype? Just my thoughts
The big minus of this mining is that it takes many hours to prepare the hard drive for mining coins. Most miners have no desire to study this.
Chia (XCH) is being traded for $31.42 USD, this price, or something like 100USD is probably the fair price, but the peak of 1599 USD was only speculation in my opinion, and these prices can't be reached again.
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
This usually happens when a new coin is launched. Hype spreads like crazy, pumping the cryptocurrency's price to the moon. But after a few months, you will see prices going down due to loss of interest among the general public. It happened with Zcash when it traded well above $1.3k per coin, only to go all the way down to less than $50. What makes you think Chia would be any different? It seems to me that HDD mining's popularity is declining, when there are a lot of coins which can be mined via the use of ASICs and GPUs.
As far as I know, both Chia and Burst are the only coins in existence which can be mined with a HDD. I guess that's why there's not a lot of interest in mining them. If only developers made more HDD-mineable coins things would've been different. Not only HDDs are more accessible than GPUs or ASIC, but they're cheaper too (depending on the type of HDD, of course). At least, the two coins (Chia and Burst) are still alive. Who knows if someone decides to create a new fork out of these projects to revive the hype? Just my thoughts
Chia mining is not dead at all its value has dropped very much its maximum value was $ 1645 now it is about $ 30 but mining with HDD is much cheaper hard disks cost and consume less than gpus
Are you mining Chia coin or you are saying this out of what others are saying?The more Hard drives you have running Chia mining the more power consumption, I've built a Gpu mining rig some months back that safes tons of energy when mining and it's on par with my friend's Chia mining rig.
Those old Hard drives takes some power too friend, have 50 of those running and measure the power consumption.
Come on people havent you seen chia and hdd price?you can buy bunch of chias for that money which that hdd will never mine in whole life.
I agree here as with HDD is much different than with GPU-s,while I still mine with GPU-s hoping these new coins will be worth much more than they are now,it is a completely different story with HDD mining,you can't mine any other coin except CHIA or other choices are very limited here so it does not make sense to setup your server to mine CHIA,running a lot of HDD-s requires resources like a good CPU and RAM and in the end this setup cost much more than any CHIA you can mine,so I only agree in HDD mining is not worthy it is better to buy coins but in GPU mining for me it is a completely different thing.
chia is not mining it framing use little resources it like you can use raspberry pi but progress before faming it use a lot of power and good cpu and ssd for plotting faster.
Chia mining is not dead at all its value has dropped very much its maximum value was $ 1645 now it is about $ 30 but mining with HDD is much cheaper hard disks cost and consume less than gpus
Are you mining Chia coin or you are saying this out of what others are saying?The more Hard drives you have running Chia mining the more power consumption, I've built a Gpu mining rig some months back that safes tons of energy when mining and it's on par with my friend's Chia mining rig.
Those old Hard drives takes some power too friend, have 50 of those running and measure the power consumption.
Come on people havent you seen chia and hdd price?you can buy bunch of chias for that money which that hdd will never mine in whole life.
I agree here as with HDD is much different than with GPU-s,while I still mine with GPU-s hoping these new coins will be worth much more than they are now,it is a completely different story with HDD mining,you can't mine any other coin except CHIA or other choices are very limited here so it does not make sense to setup your server to mine CHIA,running a lot of HDD-s requires resources like a good CPU and RAM and in the end this setup cost much more than any CHIA you can mine,so I only agree in HDD mining is not worthy it is better to buy coins but in GPU mining for me it is a completely different thing.
Chia mining is not dead at all its value has dropped very much its maximum value was $ 1645 now it is about $ 30 but mining with HDD is much cheaper hard disks cost and consume less than gpus
You just think everything is much cheaper basing on the assumption that Chia will be back to $1,645 in the near future but what if it doesn't even make it past $500 (which is very likely)?I think it's time to accept that the hype is over and move on. If you love Chia so much, it's better to just buy it as suggested rather than go through the other tiresome process of purchasing HDDs and mining as suggested by @batsonxl
Chia mining is not dead at all its value has dropped very much its maximum value was $ 1645 now it is about $ 30 but mining with HDD is much cheaper hard disks cost and consume less than gpus
Just make simple calculations chia cost 30$ and 30tb hdd cost 400-500$.you can buy for that money 10-20chia. 30tb hdd will never mine that amount of chia. So why hussle with hdds when it is easier buy coins.
Chia mining is not dead at all its value has dropped very much its maximum value was $ 1645 now it is about $ 30 but mining with HDD is much cheaper hard disks cost and consume less than gpus
There is still a lot of development happening in Chia, this is just the beginning. Also keep in mind everything is currently down because we still are in a bear market. Chia still has really amazing tech and isn't IPO yet. So I don't think it is over yet.
The HDD mining hype was riding on the back of Bitcoin mining "consuming" a lot of energy and leading to climate change, as soon as that noise faded off, so did Chia and all the other so-called green coins
The initial price which was $1,500 fooled people into thinking mining the coin was so profitable, only for the continuous dump to happen. I don't think the coin will ever be worth anywhere near $1,500 again, even if it survives through the crypto winter
The initial price which was $1,500 fooled people into thinking mining the coin was so profitable, only for the continuous dump to happen. I don't think the coin will ever be worth anywhere near $1,500 again, even if it survives through the crypto winter
Chia (XCH) is being traded for $31.42 USD, this price, or something like 100USD is probably the fair price, but the peak of 1599 USD was only speculation in my opinion, and these prices can't be reached again.
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
Source: https://coinmarketcap.com/currencies/chia-network/
The HDD mining hype was riding on the back of Bitcoin mining "consuming" a lot of energy and leading to climate change, as soon as that noise faded off, so did Chia and all the other so-called green coins
The initial price which was $1,500 fooled people into thinking mining the coin was so profitable, only for the continuous dump to happen. I don't think the coin will ever be worth anywhere near $1,500 again, even if it survives through the crypto winter
The initial price which was $1,500 fooled people into thinking mining the coin was so profitable, only for the continuous dump to happen. I don't think the coin will ever be worth anywhere near $1,500 again, even if it survives through the crypto winter
Come on people havent you seen chia and hdd price?you can buy bunch of chias for that money which that hdd will never mine in whole life.
I remember chia rush for HDDs, I was one of these guys looking for cheap hdds to mine 
It was my second hdd mining, I can't even remember which coin was (not BURST)
It was good in theory, but I could handle to have a lot of HDDs running in my room, with almost 0 profits, and more people deploying petabytes everyday
Maybe it is good for people with access to data centers or easy access to tons od HHDs, but for average Joe like me, home miner, it doesn't worth like GPUs for example.
It was my second hdd mining, I can't even remember which coin was (not BURST)
It was good in theory, but I could handle to have a lot of HDDs running in my room, with almost 0 profits, and more people deploying petabytes everyday
Maybe it is good for people with access to data centers or easy access to tons od HHDs, but for average Joe like me, home miner, it doesn't worth like GPUs for example.
I'm still mining chia, 1 PB worth. Can't beat chia for dollar earned vs watts burned but the hard drives are expensive for the return. A cheap ebay 14TB HD is a little over two years ROI.
There used to be a lot of hype back then when Chia was the "new kid in town". Many people rushed to buy HDDs (Hard Disk Drives) just to mine Chia for profit. Before Chia launched, there was a coin called "Burst" which was also based on HDD mining. This old coin didn't turn out to become much of a success unlike its successor (Chia). For quite some time now, there's been silence regarding the HDD mining industry. The whole crypto space is focused on PoS coins that are centralized by design. It makes me wonder whenever the HDD mining hype is over or if there's a possibility of a comeback? After all, HDD mining is much more accessible than staking.
What do you think? Is the HDD mining hype is over? If so, do you think there will be a comeback? Why mining with HDDs isn't as popular as mining with GPUs or ASICs? Your input will be greatly appreciated. Thank you very much.
According to HDD miners, the payback of a hard drive in mining is now much better than that of miners on video cards. When the CHIA cost $1,500, the miners bought the equipment, but now the CHIA costs $30. The NDD mining farm has a big plus in terms of low energy consumption, but the profit is also very low now. What do you think? Is the HDD mining hype is over? If so, do you think there will be a comeback? Why mining with HDDs isn't as popular as mining with GPUs or ASICs? Your input will be greatly appreciated. Thank you very much.
I think it is over and the fact it is not as popular as mining from what I have seen in the Chia and Burst coins before is they are not as easy to maintain as the GPU rigs,with hard disk you make a process called as plotting/bursting and that needs a powerful workstation or CPU server in order to support let's say like 12-24 big HDD as they consume computer resources while when you build a mining rig the CPU stays idle once the GPU bat file has started the mining process.
Staking is bad yes but you have alternative coins to mine still with GPU like ETC,ETHW (this one I believe to become the best of all of them,it is Ethereum Pow which is a continuation of old Ethereum) and RVN,ERGO and a couple of others,so that is why HDD mining is not as popular and very few people take the time to deal with it.
Staking is bad yes but you have alternative coins to mine still with GPU like ETC,ETHW (this one I believe to become the best of all of them,it is Ethereum Pow which is a continuation of old Ethereum) and RVN,ERGO and a couple of others,so that is why HDD mining is not as popular and very few people take the time to deal with it.
I've thought so. HDD mining would be so resource-intensive (on the CPU side), that only large datacenters would be able to afford maintenance costs. I think HDD mining encourages greater centralization over the Blockchain, than it's the case with GPU mining. At least, it's not as bad as staking. There doesn't seem to be any news surrounding Chia or Burst coin anyways, so it's likely HDD mining will become dead in the future. Most miners are looking to make a quick buck, so they would go for the PoW algorithm that gives them the best bang for their buck. GPUs and ASICs are all there is to make a return on your investment in no time. Who knows what the next big thing in the mining industry will be? Just my thoughts
hype for HDD mining is gone everyone think Chia is better than other HDD mining after launch with high price it going down everyday.
compare to gpu mine on Chia in last year gpu is so much better but today gpu is not profit yet HDD mining is not look bad, low power consumption after plot no need to do anything
compare to gpu mine on Chia in last year gpu is so much better but today gpu is not profit yet HDD mining is not look bad, low power consumption after plot no need to do anything
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