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.
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.
It is over - for this time, but i think in the future we will see another HDD coin with. I mine with HDD since 2017 and i made around 10 ETH in this time with only 30tb - but i had luck in the past mining BHD at the start and sneaked some Blocks - sold this BHD for 8 ETH
I never bought any HDD for mining, but i have some laying around and waiting for the next HDD coin
