Post
Topic
Board Mining (Altcoins)
Re: Is the HDD mining hype over?
by
rdluffy
on 18/11/2022, 18:54:54 UTC
This usually happens when a new coin is launched. Hype spreads like crazy, pumping the cryptocurrency's price to the moon. But after a few months, you will see prices going down due to loss of interest among the general public. It happened with Zcash when it traded well above $1.3k per coin, only to go all the way down to less than $50. What makes you think Chia would be any different? It seems to me that HDD mining's popularity is declining, when there are a lot of coins which can be mined via the use of ASICs and GPUs.

As far as I know, both Chia and Burst are the only coins in existence which can be mined with a HDD. I guess that's why there's not a lot of interest in mining them. If only developers made more HDD-mineable coins things would've been different. Not only HDDs are more accessible than GPUs or ASIC, but they're cheaper too (depending on the type of HDD, of course). At least, the two coins (Chia and Burst) are still alive. Who knows if someone decides to create a new fork out of these projects to revive the hype? Just my thoughts Grin

I remembered the coin I used to mine before Chia, it's MASS: https://massnet.org/en/
The coin is available to trade in MEXC or Huobi for example, but I didn't know anything about the roadmap, news etc

In my opinion, it's not lack of HDD minable coins, or lack of interest by the public, it's more about which problem the coin will solve? Why not choose any other available coin?

HDD mining in theory is awesome, less power to consume, easy to get HDDs (more decentralized), but the coin need a solid project, need to solve a real world problem.