Cincinnati Ohio
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Hey guys!
Hard Drive mining, the next big thing??
Perhaps! Chia coin is the new kid on the crypto coin mining block. Instead of using GPUs to mine it uses Hard Drives. Instead of Proof of Stake they use Proof of Space and Time.
Read more here: https://www.chia.net
FAQ here: https://www.chia.net/faq
Decided to take a risk here and get in on the ground floor. As I mentioned here ( Building a Crypto Mining Rig) I ordered a computer last night plus three 14 TB hard drives. The computer will be here on May 1st. I should be up and running on May 2nd.
Risk here is minimal; My wife needs a new computer and I want to build a NAS device. I would have bought all of this stuff anyways. Plus as I mentioned in my post I will be using the vid card as part of my ETH mining rig. At the end of the day its a wash. At best I will be on the ground floor of something big!
On to the build:
You can use various operating systems to mine. I will be using Windows out of the gate since Window comes on the computer. However, you can use any of the following even Raspberry Pi!
The process involves two steps; first build a plot and then farm it. Apparently it takes some time to build a plot. They recommended using two SSDs to build the plot then move it to a a slower storage hard drive.
In order to build the plots quickly you need to have a multithread CPU. They recommend at least a 8 thread CPU. With multiple threads you can build one plot at a time or use multiple threads and build them in parallel .
Video cards - just need something cheap.
Storage: 2 SSD's to build the plots. Then use large Enterprise grade HDD for storage. For this build I went with three Seagate 14TB Exos X16 7200 rpm 12 Gb/s SAS 3.5" Internal HDD. I found them on sale.
In order to make this scalable beyond 5 drives a external hd enclosure will probably be needed.
Memory: building the plot is memory intensive. At a minimum, 16GB is needed for this process.
Mining pools:
Currently there are no pools. So you have mine a entire Block. Currently Chia is not the on any exchanges however, that will change in the near future.
Below is a couple you tube videos to give background and how to get setup. I will detail the full setup once I get my computer.
Robert
nosce te ipsum
You make your own opportunities in life. |
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