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Author Topic: HDD Mining  (Read 1990 times)
encantado
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December 27, 2016, 06:09:06 AM
 #21

Wow I didn't know that you can mine using your hdd I had some few spare hdd here,but I need to know first about this Burstcoin if this is a good crypto currency to invest and will it become the next Bitcoin.

I check the altcoin section and and very surprise with so many altcoin listed,why are they not popular like Bitcoin and are they clone of bitcoin some of them claims they are better than Bitcoin..
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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December 27, 2016, 06:34:52 AM
 #22

Wow I didn't know that you can mine using your hdd I had some few spare hdd here,but I need to know first about this Burstcoin if this is a good crypto currency to invest and will it become the next Bitcoin.

I check the altcoin section and and very surprise with so many altcoin listed,why are they not popular like Bitcoin and are they clone of bitcoin some of them claims they are better than Bitcoin..


Yep there are definitely some interesting altcoins around here that use pretty unique methods such as these ones that can use your spare HDD space. It is quite hard for most altcoins to stand the test of time and gain popularity and a big user base like bitcoin has though. Some people also tend to like to stick with one coin and keeping track of a bunch of different altcoins can be overwhelming.
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December 29, 2016, 12:04:15 AM
 #23

Wow I didn't know that you can mine using your hdd I had some few spare hdd here,but I need to know first about this Burstcoin if this is a good crypto currency to invest and will it become the next Bitcoin.

I check the altcoin section and and very surprise with so many altcoin listed,why are they not popular like Bitcoin and are they clone of bitcoin some of them claims they are better than Bitcoin..


Yep there are definitely some interesting altcoins around here that use pretty unique methods such as these ones that can use your spare HDD space. It is quite hard for most altcoins to stand the test of time and gain popularity and a big user base like bitcoin has though. Some people also tend to like to stick with one coin and keeping track of a bunch of different altcoins can be overwhelming.


Bitcoin took several years itself until it was mas adopted (2013 is when I think it started to have mass adoption, before then, it was used less). There are also people that leave the coin as well. (Recently that has been rapid adoption though which will hopefully continue, and hopefully transfer the adoption around to other digital currencies (preferably ones that aren't just bitcoin duplicates - once that use an identical network structure, software and a sha256 mining algorithm).

Burst is a very interesting coin to look at though if you're interested in mining from your spare hard disk space.
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December 29, 2016, 04:33:52 PM
 #24

All commenters vote for Burstcoin i have visited their thread thrice and they are a very coordinated community,some of them sells what you called assets where you get daily profit,people says that it's going to be huge in the future,maybe no maybe yes,it's up to you to find out.

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December 29, 2016, 05:20:52 PM
 #25

HDD mining is new thing which I have heard, as I know you can simply mine with sata drives, it doesn't cares about ssd, you need huge amount of storage, for example 100TB to get profit from hdd mining. Nowdays more known coin is burst and you can mine it, also it's profitable now. If you are now investing money, than as one member told you, it's better to invest GPU mining.

It depends on your situation and your goals (mining BURST)...HDD you make already have, how long you're going to hold the coin.  In my case I already had about 12 TB (will probably increase that), my computers are always on, and electricity costs rolled into the business.

But you certainly don't need 100 TB to get the ball rolling.

With your 12 TB you are going to earn about 17$ per month. That is in my mind not very profitable. 4TB HDD is 129.78$. That means for 12 TB I have to pay 519.12 $. At current price it's going to take me 2.4 years to ROI. Now even if you already have hardware are you sure you want to spend all that space and your time managing your rig for 17$ per month ?
We are just talking about the investment for the hdd itself we need also to compute the amount of electricity that has been use per month and if you are just getting 17$ a month from its current price maybe its not worthed to do hdd mining but looking for big possibilities if you can wait for the coin to make its value theres a big possibility that the price will go up and all the coins that you mined will be like a fortune for you.

electricity cost for a single hdd is very small, the consumption is like 6w per hour, just do the math it's almost nothing monthly, i'm sure the problem is more about how many you need just for a few cent

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