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Title: Are HDD minable alt coins profitable at all? Post by: Abiky on November 22, 2015, 12:58:24 AM Had anyone tried mining HDD Proof of Capacity coins such as Burst, Sia, or StorjcoinX? Can anyone confirm if mining one of these is profitable at all? Because I have checked Burst's mining profitability with the provided mining calculator, but so far it isn't profitable to mine it at all. You will end up spending more on a hard drive than you would on getting a ROI. Any hints on this? ???
Title: Re: Are HDD minable alt coins profitable at all? Post by: Ayers on November 22, 2015, 09:59:19 AM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity
we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Title: Re: Are HDD minable alt coins profitable at all? Post by: bathrobehero on November 22, 2015, 02:32:09 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. And the problem with decentralized storage like Storj is that it requires decent upload bandwith which is an issue for most people. Title: Re: Are HDD minable alt coins profitable at all? Post by: Abiky on November 22, 2015, 10:52:58 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Exactly. I was thinking of such a coin, perhaps an improvement on Burst's mining algorithm (like Burst 2.0)? Anyways, I was looking into Storj and based on their earnings calculator, it looks very profitable. Even still, Sia looks interesting as well. ::) You can check it out here: https://sia.tech/ (https://sia.tech/) Title: Re: Are HDD minable alt coins profitable at all? Post by: Ayers on November 23, 2015, 12:39:22 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. And the problem with decentralized storage like Storj is that it requires decent upload bandwith which is an issue for most people. yeah that's why we need speed based coins with storage, which would then move the problem on who have the more money like bitcoin, but it would be better than having a centralized coin the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Exactly. I was thinking of such a coin, perhaps an improvement on Burst's mining algorithm (like Burst 2.0)? Anyways, I was looking into Storj and based on their earnings calculator, it looks very profitable. Even still, Sia looks interesting as well. ::) You can check it out here: https://sia.tech/ (https://sia.tech/) ramdisk would be very relevant also, so it would extended the usage outside the ssd enviroment Title: Re: Are HDD minable alt coins profitable at all? Post by: bathrobehero on November 23, 2015, 01:46:12 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. And the problem with decentralized storage like Storj is that it requires decent upload bandwith which is an issue for most people. yeah that's why we need speed based coins with storage, which would then move the problem on who have the more money like bitcoin, but it would be better than having a centralized coin the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Exactly. I was thinking of such a coin, perhaps an improvement on Burst's mining algorithm (like Burst 2.0)? Anyways, I was looking into Storj and based on their earnings calculator, it looks very profitable. Even still, Sia looks interesting as well. ::) You can check it out here: https://sia.tech/ (https://sia.tech/) ramdisk would be very relevant also, so it would extended the usage outside the ssd enviroment Reading speed and storage go hand in hand depending on how much data we're talking about. And if the data is so little that it can fit into a ramdisk while most people have 4-8 GB of RAM then servers with hundreds of gigs are way ahead again and we'll end up using GPU memory for it pretty fast. Title: Re: Are HDD minable alt coins profitable at all? Post by: Abiky on November 23, 2015, 05:51:05 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. And the problem with decentralized storage like Storj is that it requires decent upload bandwith which is an issue for most people. yeah that's why we need speed based coins with storage, which would then move the problem on who have the more money like bitcoin, but it would be better than having a centralized coin the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Exactly. I was thinking of such a coin, perhaps an improvement on Burst's mining algorithm (like Burst 2.0)? Anyways, I was looking into Storj and based on their earnings calculator, it looks very profitable. Even still, Sia looks interesting as well. ::) You can check it out here: https://sia.tech/ (https://sia.tech/) ramdisk would be very relevant also, so it would extended the usage outside the ssd enviroment Reading speed and storage go hand in hand depending on how much data we're talking about. And if the data is so little that it can fit into a ramdisk while most people have 4-8 GB of RAM then servers with hundreds of gigs are way ahead again and we'll end up using GPU memory for it pretty fast. How about using the Wifi speed combined with HDD space and speed. The more faster is your internet connection, the more you will mine and the same way goes to your HDD with speed and space. A crypto like this would be pretty neat. Anyways, there is still much to be improved on Burst and other Proof of Capacity coins. ;D Title: Re: Are HDD minable alt coins profitable at all? Post by: Ayers on November 24, 2015, 02:34:09 PM the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. And the problem with decentralized storage like Storj is that it requires decent upload bandwith which is an issue for most people. yeah that's why we need speed based coins with storage, which would then move the problem on who have the more money like bitcoin, but it would be better than having a centralized coin the other two are dead is seems, burst is the only one, it was profitable at launch now not anymore, they should do a coin like this based on the speed of the hd disk instead of the capacity we could reduce the consumption even farther and less space and ram for the computer, i'm waiting for it to be released Exactly. I was thinking of such a coin, perhaps an improvement on Burst's mining algorithm (like Burst 2.0)? Anyways, I was looking into Storj and based on their earnings calculator, it looks very profitable. Even still, Sia looks interesting as well. ::) You can check it out here: https://sia.tech/ (https://sia.tech/) ramdisk would be very relevant also, so it would extended the usage outside the ssd enviroment Reading speed and storage go hand in hand depending on how much data we're talking about. And if the data is so little that it can fit into a ramdisk while most people have 4-8 GB of RAM then servers with hundreds of gigs are way ahead again and we'll end up using GPU memory for it pretty fast. well yes i'm not trying to solve the problem for casual miners to have a chance of mining, but i'm trying to minimize it, when you compare it to sha256 it should be better, right? otherwise which is the best algo that can help casual mining? Title: Re: Are HDD minable alt coins profitable at all? Post by: Exoskeleton on November 24, 2015, 05:38:04 PM Burst was decent but storage mining is way too centralized considering how some businesses have massive amounts of storage at their disposal. This. I always imagined someone at a huge tech facility or something similar installing burst and mining the sh*t out of it for free, then dumping the coins at a peak. Some sites have so much storage its insane. Its basically a HDD botnet exploit that anyone with access to the right gear can crush with ease. |