Coins that can be HDD mined?

[jackg]

What coins can be mined using a Hard Drive.

What are the most profitable coins to mine in this way (using HDD mining will not use much more power on my laptop and (4.5 TB) hard drive (with 4TB unassigned) than I am currently using at the moment)

Do you have any suggestions of what to mine.

I would be using a SEAGATE 5TB EXPANSION HARD DRIVE (USB 2.0 but could use 3.0)

[1714807924]

1714807924

[Erkallys]

I hope you're joking.

 Hard drives are for STORAGE, they don't calculate anything.

You're wrong my dear ! You can mine BURST with HDDs. Actually, you create the calculations before mining, and then, the miner software pick from what you previously calculated to solve the block.

[bathrobehero]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

[Erkallys]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

BURST is on the rebirth. I posted a link to the new thread, by the new development team. Just this week they release a bunch of new tools, so you can't say anymore that it's dead !

[jackg]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

BURST is on the rebirth. I posted a link to the new thread, by the new development team. Just this week they release a bunch of new tools, so you can't say anymore that it's dead !

I had heard of both BURST and STORJ before.
STOREJ I didn't like it doesn't pay very much.

Burst - being the only altcoin I knew that could be HDD mined (so was wondering of the market of HDD mining, but now it seems to just be Burst).

[robelneo]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

I install driveshare but it's useless after more then 5 days I earn nothing from it and so I disable it you need a large hdd to participate and purchase sjcx I don't know that when I started to participate,these are the only two sites I've known if there are other hdd mined coin i would like to read about that ..

[Ultrasound]

To pay 0.75 bitcoin to start mining with hard driver is quite expensive. How long does it take to get the 0.75 bitcoi back?

[jackg]

To pay 0.75 bitcoin to start mining with hard driver is quite expensive. How long does it take to get the 0.75 bitcoi back?

That's not even mining! It is just sharing hard drive space for small amounts of money!
I think it was either [--EDIT-- seems I may have got my wires crossed with a different service that offers $1/tb/month (i think) as this one pays you in their currency]. Both are anyway quite unsustainable.

[Erkallys]

To pay 0.75 bitcoin to start mining with hard driver is quite expensive. How long does it take to get the 0.75 bitcoi back?

That's not even mining! It is just sharing hard drive space for small amounts of money!
I think it was either $1/GB/Month or $1/TB/Month. Both are anyway quite unsustainable.

I hope you were joking ! If it is 1$/GB/Month, anyone could be rich really quickly ! So if everyone is deceived about this, this mean that it is much more 1$/TB/Month than 1$/GB/Month, even if I think it is between the two, because one is way too high, and the other way too low.

[bathrobehero]

To pay 0.75 bitcoin to start mining with hard driver is quite expensive. How long does it take to get the 0.75 bitcoi back?

Currently the testers get paid once a month for a small amount. No idea how much, I'm in with a couple TB but I haven't been paid yet.
At this stage there's no real data being stored just some randomly generated one. The next step will be testing with actual data sent to people sharing their storage.

Nobody really knows how profitable it will be once it goes live, and for how long.

[bitspill]

While not necessarily mining you could become a host on the Sia network. http://sia.tech and https://bitcointalk.org/index.php?topic=1060294.0

It's along similar lines as StorJ except it does not have a required collateral to become a host, however if your host shuts down and does not remain online for the duration of the file contract (6 weeks) you will not get paid.

[jackg]

While not necessarily mining you could become a host on the Sia network. http://sia.tech and https://bitcointalk.org/index.php?topic=1060294.0

It's along similar lines as StorJ except it does not have a required collateral to become a host, however if your host shuts down and does not remain online for the duration of the file contract (6 weeks) you will not get paid.

So if you get a power cut, you lose your paymentor that six week period?

That's not too good, unless you have an extemely reliable internet speed and electricity supply.

[super3]

Storj system tracks your space and uptime, and pays at the end of the month. In time we will implement micropayments, so that you will get paid every 10 minutes or less.

The collateral(which you actually keep) makes for a very healthy system. People are going to use a network where people will keep their files, vs. just drop them at any time.

[ol92]

While not necessarily mining you could become a host on the Sia network. http://sia.tech and https://bitcointalk.org/index.php?topic=1060294.0

It's along similar lines as StorJ except it does not have a required collateral to become a host, however if your host shuts down and does not remain online for the duration of the file contract (6 weeks) you will not get paid.

So if you get a power cut, you lose your paymentor that six week period?

That's not too good, unless you have an extemely reliable internet speed and electricity supply.

No, but your computer must be on and working at least  at the end of the contract for sia.

[jackg]

Storj system tracks your space and uptime, and pays at the end of the month. In time we will implement micropayments, so that you will get paid every 10 minutes or less.

The collateral(which you actually keep) makes for a very healthy system. People are going to use a network where people will keep their files, vs. just drop them at any time.

Query:
What happens if a user tries to store something and the storage holder cuts of that hard drive, what happens to their storage?

Also, what happens if a user "leaks" a person's data or will there eventually be a "mirrored" storage so it is stored on two drives as virtual/volatile memory so it does not remain when a person unattaches a hard drive.

[super3]

Storj system tracks your space and uptime, and pays at the end of the month. In time we will implement micropayments, so that you will get paid every 10 minutes or less.

The collateral(which you actually keep) makes for a very healthy system. People are going to use a network where people will keep their files, vs. just drop them at any time.

Query:
What happens if a user tries to store something and the storage holder cuts of that hard drive, what happens to their storage?

Also, what happens if a user "leaks" a person's data or will there eventually be a "mirrored" storage so it is stored on two drives as virtual/volatile memory so it does not remain when a person unattaches a hard drive.

This is covered in the whitepaper http://storj.io/storj.pdf
1) Multiple redundant pieces
2) Each shard is unique. This solves the duplicate problem.

[Ultrasound]

Storj pays the miners to use the HDD space.   

Who pay the Sorj to use the hard disk space? A company or something like that?

[super3]

Storj pays the miners to use the HDD space.   

Who pay the Sorj to use the hard disk space? A company or something like that?

Check http://storj.io basically developers.

[kwaasteniet]

Burstcoin is HDD minable but in the present circumstances is it necessary to invest in HDD because with your spare space on your laptop HDD earn you nothing. There are now dozens of HDD farms playing with 100Terabytes or more to mine Burst.

[Fademigo]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

How long does it take to get back the 0.79 you invest to start hard drive mining? If it is less than 4 month, it is worth a try.

[kwaasteniet]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

How long does it take to get back the 0.79 you invest to start hard drive mining? If it is less than 4 month, it is worth a try.

At storj you do not mine but you rent your hard disk to other users with Storj as middle man. Look at the site of Storj what their price for rented Mb is.

[jackg]

Burstcoin is HDD minable but in the present circumstances is it necessary to invest in HDD because with your spare space on your laptop HDD earn you nothing. There are now dozens of HDD farms playing with 100Terabytes or more to mine Burst.

100Terabytes isn't that costly.
20x5TB seagate expansion drives = 120x20 = £2400
5x 4drive NAS bay = 50x5=250

2400+250=£2650 (not too much), runs faster with ays and possibly takes up less space/power.

[heunland]

Burst and Storj's Driveshare. But Burst is pretty much dead and Driveshare is in early beta and you have to own 10k SJCX to participate (worth ~0.79BTC).

How long does it take to get back the 0.79 you invest to start hard drive mining? If it is less than 4 month, it is worth a try.

At storj you do not mine but you rent your hard disk to other users with Storj as middle man. Look at the site of Storj what their price for rented Mb is.

The requirement for holding 10k SJCX was for test group B which has concluded already. At the time that group started the 10k SJCX were worth a lot less, it was more like $100-200 USD. There will be new rules for the upcoming test group C, and holding 10k SJCX in your payout address will no longer be a requirement. Please join the storj community slack at https://storj.io/community.html to stay current with the latest developments and for help with testing and setting up your farmer.

[nnekic86]

Hi

I'm new in this filed of mining, so can someone please explian how much is good enough to have HDD and what is day/reward

[QuintLeo]

Under current conditions, a single 8TB (actually 7.27 or some such FORMATTED) Seagate Expansion drive (usually the Seagate Archive 8TB internally) will pull in ballpark 450 BURST/month for perhaps $6 a month.

 ALL of the calculators are optimistic by quite a bit, due to how the BURST "network" is measured and an inherent flaw in that method - I generally take the figure any calculator comes up with and estimate I MIGHT get as high as 2/3ds (more commonly closer to 60%) of the amount the calculator comes up with.

 ANY size HD will work, but IMO anything under 1TB isn't worth bothering with any more.

[Ultrasound]

Under current conditions, a single 8TB (actually 7.27 or some such FORMATTED) Seagate Expansion drive (usually the Seagate Archive 8TB internally) will pull in ballpark 450 BURST/month for perhaps $6 a month.

 ALL of the calculators are optimistic by quite a bit, due to how the BURST "network" is measured and an inherent flaw in that method - I generally take the figure any calculator comes up with and estimate I MIGHT get as high as 2/3ds (more commonly closer to 60%) of the amount the calculator comes up with.

 ANY size HD will work, but IMO anything under 1TB isn't worth bothering with any more.

So the ROI is more than a year?

[radeone]

https://storj.io/share.html the only thing that sucks its driveshare so when you are uploading or downloading it taxes your network. if you game on the same network you will notice a shitty ping situation. but they do pay.

[Kstin]

You can mine Siacoin with your HDD

[QuintLeo]

Under current conditions, a single 8TB (actually 7.27 or some such FORMATTED) Seagate Expansion drive (usually the Seagate Archive 8TB internally) will pull in ballpark 450 BURST/month for perhaps $6 a month.

 ALL of the calculators are optimistic by quite a bit, due to how the BURST "network" is measured and an inherent flaw in that method - I generally take the figure any calculator comes up with and estimate I MIGHT get as high as 2/3ds (more commonly closer to 60%) of the amount the calculator comes up with.

 ANY size HD will work, but IMO anything under 1TB isn't worth bothering with any more.

So the ROI is more than a year?

 More like 2 and a half years under current conditions.

 Might be able to drop that some if you buy refurbished drives - but HGST is about the only brand I would trust refurbs on at all and even THERE it's iffy.

[the-doctor]

How do mean that you can mine wiht HDD? You can rent your HDD and get rewards but that is different from mining. SIA and STORJ coins have projects like that you can visit their site and get familiar with this more

[carlisle1]

How do mean that you can mine wiht HDD? You can rent your HDD and get rewards but that is different from mining. SIA and STORJ coins have projects like that you can visit their site and get familiar with this more

that's the concept they will rent your hdd and use it for their system and in returned you will have some coins as a reward of allowing them to use the free
space of your hdd its better to visit their website to learn more about this features though as of now its not really profitable to invest with such devices the target time frame to get roi would be much longer.

[jackg]

How do mean that you can mine wiht HDD? You can rent your HDD and get rewards but that is different from mining. SIA and STORJ coins have projects like that you can visit their site and get familiar with this more

that's the concept they will rent your hdd and use it for their system and in returned you will have some coins as a reward of allowing them to use the free
space of your hdd its better to visit their website to learn more about this features though as of now its not really profitable to invest with such devices the target time frame to get roi would be much longer.

Actually. Burst enables you to MINE on your hard drive using data plotters as a PoCapacity style system. The person with the highest space gets the highest reward.

[nnekic86]

I think STORJ is easy for install and wallet for him is ETH wallet... 

[AltcoinE]

Hello, is still profitable this type of mining in recent times?
Thank you.

[Sevarchik]

HDD mining never be profitable, also when you have usual rig and add to them hdd's.
Hard drives rip before ROI in this load

[manji]

Hello, is still profitable this type of mining in recent times?
Thank you.

atm, mining using HDD is not profitable. It should be calculated how much hdd you have and how much hdd space you have.

But if you want you can try the Burstcoin mine. First, the more HDD space, the better.

and...

if you tried and doesn't profitable. you can stop the mining and delete allocated files.

[jayhal]

Keep your eyes on the CHIA project.  http://chia.network

Their tag line is "green money for a digital world".

The guy who started bitTorrent, Bram Cohen, is behind it and he's been bringing together a team of experienced people in the space from San Fran.

They're building a blockchain based on proofs of space and time "to make a cryptocurrency which is less wasteful, more decentralized, and more secure."

Looks like Q2 they expect to have it going.

Anyone can join their announcements list on their site.

Looks pretty interesting.

[notabeliever]

HDD mining never be profitable, also when you have usual rig and add to them hdd's.
Hard drives rip before ROI in this load

QSevarchik   YOU ARE VERY WRONG!

A hard drive plotted for use with Burstcoin will not degrade the Hard drive.  All Burstcoin miners will tell you similar stories My Hard drives purchased in 2014 are still running. My newer external drives are still running.  3 external drives died however they were replaced under warranty and those drives are now past the warranty and still running.  My NAS drives are from 2003 and still running without error. 1 external drive I thought was bad turned out to be the external drive controller so that was taken out of the case and still running.
 My only 2 trouble some drives are cheap 1tB ezstor and 2Tb green drive so those were reformatted plotted and by the way running.

My point i haven't thrown away a drive yet just keep adding

[jackg]

@notabeliever, what storage do you have and what profit do you make in burst (or more what are your earnings)?

I have an 8tb drive and am wondering whether to get a few other drives as theyre quite cheap to get hold of second hand ones.

[mirny]

Keep your eyes on the CHIA project.  http://chia.network

Their website is not working for me. Is it only me?

[jackg]

Keep your eyes on the CHIA project.  http://chia.network

Their website is not working for me. Is it only me?

It's more than a year later, they've probably collapsed already...