Is the HDD mining hype over?

[Abiky]

CHIA mining can also be decentralized, because according to the miners there is now a huge payback period for equipment that exceeds the average life of hard drives. If this coin becomes popular, then it will be captured by centralized pools very quickly.

I just hope centralized pools don't take over the HDD mining industry, as that would make it much harder for the average Joe to mine at home using their old drives. Pools would effectively make solo mining pointless. We're going to have to see if developers are willing to make decentralized solutions such as P2Pool and Betterhash work on HDD-mineable coins like CHIA and BURST. But I doubt they will do anything about it, since HDD-mineable coins aren't that popular on the market. I've read something about "mineable tokens" on the ETH blockchain (eg: 0xBitcoin), so maybe we'll see HDD-mineable tokens built on ETH soon.

At least, we aren't stuck with just GPU, ASIC, CPU, and FPGA mining. As long as there are many options to choose from, nothing else matters. Just my thoughts

[FP91G]

CHIA mining can also be decentralized, because according to the miners there is now a huge payback period for equipment that exceeds the average life of hard drives. If this coin becomes popular, then it will be captured by centralized pools very quickly.

I just hope centralized pools don't take over the HDD mining industry, as that would make it much harder for the average Joe to mine at home using their old drives. Pools would effectively make solo mining pointless. We're going to have to see if developers are willing to make decentralized solutions such as P2Pool and Betterhash work on HDD-mineable coins like CHIA and BURST. But I doubt they will do anything about it, since HDD-mineable coins aren't that popular on the market. I've read something about "mineable tokens" on the ETH blockchain (eg: 0xBitcoin), so maybe we'll see HDD-mineable tokens built on ETH soon.

At least, we aren't stuck with just GPU, ASIC, CPU, and FPGA mining. As long as there are many options to choose from, nothing else matters. Just my thoughts

What do you think will happen if the price of the CHIA coin rises to 200-300 dollars? The number of miners will increase, the hashrate will increase, and new miners will mine on pools, and not play with luck in solo mining. As a result, solo mining will be possible only for large miners, and not for home miners with a couple of dozen hard drives.

[Abiky]

What do you think will happen if the price of the CHIA coin rises to 200-300 dollars? The number of miners will increase, the hashrate will increase, and new miners will mine on pools, and not play with luck in solo mining. As a result, solo mining will be possible only for large miners, and not for home miners with a couple of dozen hard drives.

Probably. But I wouldn't count on CHIA going up in price anytime soon, unless developers come up with something big for the project. Investors aren't that interested in HDD-mineable coins anymore. You can see why coins that are mineable with ASICs and GPUs are at the top ranks in market cap these days. Even PoS coins are getting traction (although they're extremely centralized).

At the end, HDD mining will only become a niche for those who're willing to waste large amounts of time and money just to support a blockchain network. At least, we have a variety of options to choose from. Who knows what would be of CHIA and BURST in the future? Just my opinion