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By cryptocurrencies do you just mean BitCoin? Most new crypto's use proof of stake which doesn't use up GPUs. Not heard it blamed for using up hard drives befo

By cryptocurrencies do you just mean BitCoin? Most new crypto's use proof of stake which doesn't use up GPUs. Not heard it blamed for using up hard drives before.

bentsku 5y ago
Chia coin is using Proof of Space. It is growing really fast and not a really good thing. Even cloud providers are reacting to it. See https://blog.scaleway.com/scaleway-and-chia/ https://blog.scaleway.com/scaleway-and-chia/
- Hamuko 5y ago
  >Chia plotting is extremely I/O intensive and destroys most SSDs in under a few weeks More like Proof of SSD-shredding.
- Molly666 5y ago
  For me only one question arises: this coin was initially called green, but can it be considered really eco-friiedly? Solid-state drives wear out very quickly, can this be considered eco-friendly? For me, a good example of a coin with a really low power consumption is Сrypton in this project https://utopia-ecosystem.org/ https://utopia-ecosystem.org/, for mining you only need a computer and an Internet connection.
nrmitchi 5y ago
Bitcoin mining also doesn't use GPUs any more, as far as I know that space is almost entirely custom ASICs. > Most new crypto's use proof of stake What (of any substantial volume) uses proof of stake at the moment? That's Ethereum's path, but it's not there yet. Regarding hard drives, I think it's "Chia" that just purposely uses an insane amount of disk space; "proof of space": https://www.theguardian.com/technology/2021/may/26/new-cryptocurrency-chia-blamed-for-hard-drive-shortages https://www.theguardian.com/technology/2021/may/26/new-crypt...
- mikepurvis 5y ago
  > almost entirely custom ASICs Those are still a cause for chip shortages as crypto customers bid themselves to the front of the line at TSMC: "Chip manufacturing is already under huge pressure to meet demand, and TSMC is facing a serious water shortage in Taiwan on top of that. Bitmain's order only adds to the pressure, but TSMC clearly wouldn't agree to production if it didn't think it had the spare capacity. Anyone attempting to place new chip orders in the future may end up with a different outcome, though." https://www.pcmag.com/news/cryptocurrency-miners-are-getting-a-new-custom-5nm-chip https://www.pcmag.com/news/cryptocurrency-miners-are-getting...
thraxil 5y ago
> Not heard it blamed for using up hard drives before. https://en.wikipedia.org/wiki/Chia_(cryptocurrency) https://en.wikipedia.org/wiki/Chia_(cryptocurrency)

By cryptocurrencies do you just mean BitCoin? Most new crypto's use proof of stake which doesn't use up GPUs. Not heard it blamed for using up hard drives before.

bentsku 5y ago

Chia coin is using Proof of Space. It is growing really fast and not a really good thing. Even cloud providers are reacting to it. See https://blog.scaleway.com/scaleway-and-chia/ https://blog.scaleway.com/scaleway-and-chia/

Hamuko 5y ago
>Chia plotting is extremely I/O intensive and destroys most SSDs in under a few weeks More like Proof of SSD-shredding.
Molly666 5y ago
For me only one question arises: this coin was initially called green, but can it be considered really eco-friiedly? Solid-state drives wear out very quickly, can this be considered eco-friendly? For me, a good example of a coin with a really low power consumption is Сrypton in this project https://utopia-ecosystem.org/ https://utopia-ecosystem.org/, for mining you only need a computer and an Internet connection.

nrmitchi 5y ago

Bitcoin mining also doesn't use GPUs any more, as far as I know that space is almost entirely custom ASICs. > Most new crypto's use proof of stake What (of any substantial volume) uses proof of stake at the moment? That's Ethereum's path, but it's not there yet. Regarding hard drives, I think it's "Chia" that just purposely uses an insane amount of disk space; "proof of space": https://www.theguardian.com/technology/2021/may/26/new-cryptocurrency-chia-blamed-for-hard-drive-shortages https://www.theguardian.com/technology/2021/may/26/new-crypt...

mikepurvis 5y ago
> almost entirely custom ASICs Those are still a cause for chip shortages as crypto customers bid themselves to the front of the line at TSMC: "Chip manufacturing is already under huge pressure to meet demand, and TSMC is facing a serious water shortage in Taiwan on top of that. Bitmain's order only adds to the pressure, but TSMC clearly wouldn't agree to production if it didn't think it had the spare capacity. Anyone attempting to place new chip orders in the future may end up with a different outcome, though." https://www.pcmag.com/news/cryptocurrency-miners-are-getting-a-new-custom-5nm-chip https://www.pcmag.com/news/cryptocurrency-miners-are-getting...

thraxil 5y ago

> Not heard it blamed for using up hard drives before. https://en.wikipedia.org/wiki/Chia_(cryptocurrency) https://en.wikipedia.org/wiki/Chia_(cryptocurrency)