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Huge jump in HDD prices, in just 1 week
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Huge jump in HDD prices, in just 1 week

PulsedMediaPulsedMedia Member, Provider
edited April 24 in General

There's a huge jump in HDD prices in the span of just 1 week.

Everything is up like ~33% in manner of one week. Prices for 16TB HDDs rose by almost 90€ VAT 0% in the timespan of just few days, so more than 100€ for european consumers.

It can't be just Chia mining, or can it? Surely it's not that big of a thing yet?
Or is there some other supply woes?

EDIT: Oh normally we see just single digit % fluctuation trending lower on HDDs on a month to month basis.

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Comments

  • skorupionskorupion Member
    edited April 24

    its chia + storJ plus any other crypto that came

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  • yes it's Chia .

  • naingnaing Member

    @PulsedMedia said: It can't be just Chia mining, or can it? Surely it's not that big of a thing yet?

    It's not only Chia, but also China.

    Just look at Google Trends. The interest for Chia took off exactly a week ago. And China dominated the trend.

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  • FalzoFalzo Member

    Chia is up from ~300PB to ~600 PB in like two weeks, so highly likely to play a role in this. vendors won't ramp up their production immediately just because of that but embrace a bigger margin instead.

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  • Not just purchasing harddrives - I've been watching any reasonably priced Dedi with a harddrive sellout just take a look at Kimsufi.. only one server type left in stock now!

  • FranciscoFrancisco Top Provider

    people are going to freak if Chia doesn't hit the $20/coin they hope.

    Francisco

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  • DataIdeas-JoshDataIdeas-Josh Member, Provider

    @PulsedMedia said:
    There's a huge jump in HDD prices in the span of just 1 week.

    Everything is up like ~33% in manner of one week. Prices for 16TB HDDs rose by almost 90€ VAT 0% in the timespan of just few days, so more than 100€ for european consumers.

    It can't be just Chia mining, or can it? Surely it's not that big of a thing yet?
    Or is there some other supply woes?

    EDIT: Oh normally we see just single digit % fluctuation trending lower on HDDs on a month to month basis.

    Mixed of Chai and still from the world shutting down.

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  • DataIdeas-JoshDataIdeas-Josh Member, Provider

    @Francisco said:
    people are going to freak if Chia doesn't hit the $20/coin they hope.

    Francisco

    Can you even buy Chia yet?

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  • FranciscoFrancisco Top Provider

    @DataIdeas-Josh said: Can you even buy Chia yet?

    May 3rd/4th is when mainnet allows transfers. There's a couple China exchanges listing the futures of the coin with incredibly inflated pricing (thousands per coin range).

    I don't know of any other exchanges announcing support for it.

    The idea behind Chia is that it gets onto the stock market I think, instead of an ICO type deal. They want Chia to be seen as a legitimate product/offering. Given the people involved (the guy that came up with bittorrent, etc), they might just pull it off.

    Francisco

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  • PulsedMediaPulsedMedia Member, Provider

    @DataIdeas-Josh said: Can you even buy Chia yet?

    Unofficially yes, futures or something. Last i checked it was 1500$/XCH.
    But who knows how much it will be when it can really be traded. They are right now really trading IOUs not XCH, and i bet it's all speculators.

  • PulsedMediaPulsedMedia Member, Provider

    @Francisco said: Given the people involved (the guy that came up with bittorrent, etc), they might just pull it off.

    This was for us an instant sign of validity, along with the fact i remember him talking about this years ago. Ethereum on other hand has many scam coin signals from the original developers, kind of surprised how little people at large seem to care about that.

  • FranciscoFrancisco Top Provider
    edited April 25

    @PulsedMedia said: Unofficially yes, futures or something. Last i checked it was 1500$/XCH. But who knows how much it will be when it can really be traded. They are right now really trading IOUs not XCH, and i bet it's all speculators.

    Right, even the dev's are figuring around $20/coin.

    There was some people on the LET Discord showing that a 4x16T node could pull $200 - $300/m (while only costing ~$80 at hetzner or whatever), meaning the coin could drop to $5 - $7 and still be breakeven.

    Francisco

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  • defaultdefault Member

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  • @Francisco said:

    @PulsedMedia said: Unofficially yes, futures or something. Last i checked it was 1500$/XCH. But who knows how much it will be when it can really be traded. They are right now really trading IOUs not XCH, and i bet it's all speculators.

    Right, even the dev's are figuring around $20/coin.

    There was some people on the LET Discord showing that a 4x16T node could pull $200 - $300/m (while only costing ~$80 at hetzner or whatever), meaning the coin could drop to $5 - $7 and still be breakeven.

    Francisco

    No wonder why hetzner is out of SX series servers with long waiting time then.

  • m4num4nu Member, Provider

    Counting the days when this crypto nonsense ends. Like others here, I'm storing backups, websites and emails for my customers. Stuff that's (mostly) useful. Now i need to compete with crypto speculators bidding up imagined tokens when buying new drives? 🤦‍♂️🤦‍♂️

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  • stefemanstefeman Member
    edited April 25
  • He is still getting verified. It takes a month or two to get verified and used more often.
    And his earning are weird here is mine after 2 days (still unverified)

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  • @stefeman said:
    Monthly revenue from STORJ lol

    StorJ takes a lot of time. While Chia fills up your disk quickly, StorJ takes at least 6 months to do the same.

  • defaultdefault Member

    I still remember filecoin...

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  • NeoonNeoon Member
    edited April 25

    People already asking for disk upgrades on NanoKVM.

    Guys, don't.

  • @Neoon said:
    People already asking for disk upgrades on NanoKVM.

    Guys, don't.

    you need at least 550 GB of storage to mine storj

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  • @naing said:

    @PulsedMedia said: It can't be just Chia mining, or can it? Surely it's not that big of a thing yet?

    It's not only Chia, but also China.

    Just look at Google Trends. The interest for Chia took off exactly a week ago. And China dominated the trend.

    I dont think Google Trends is really accurate for a country that ... blocks Google (HK is separate)

  • elliotcelliotc Member
    edited April 25

    Chia doesn't make sense for me. If you think the way BTC "proof of work", doesn't make sene, why announce another "proof of work" crypto.
    Edit: don’t forget that crypto has a 51% attack, and the capacity of the hard disk has increased far more than the computing power.

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  • FalzoFalzo Member

    @elliotc said: why announce another "proof of work" crypto.

    chia isn't "proof of work". that's the whole point. at least for believers.

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  • SGrafSGraf Member, Provider

    Hm, maybe i should list some drives i picked up cheap on ebay...

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  • @Falzo said:

    @elliotc said: why announce another "proof of work" crypto.

    chia isn't "proof of work". that's the whole point. at least for believers.

    Yeah, Chia is rather "proof of space" :)

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  • FalzoFalzo Member

    @angstrom said:

    @Falzo said:

    @elliotc said: why announce another "proof of work" crypto.

    chia isn't "proof of work". that's the whole point. at least for believers.

    Yeah, Chia is rather "proof of space" :)

    plus proof of time. to be fair the concept reads quite interesting and tackles a lot of points that no one thought of years ago. yet who knows what to make out of it in the long run and which things might pop up, no one thought of yet.

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  • LTnigerLTniger Member

    Isn't chia just a bs to monetize iso upload/download? Cohen is not the most trustworthy guy...

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  • defaultdefault Member
    edited April 26

    @LTniger said:
    Isn't chia just a bs to monetize iso upload/download? Cohen is not the most trustworthy guy...

    I am also afraid what such "iso" contains. Monetizing bandwidth and storage in such huge volume, all encrypted, sounds interesting business. One could even store and distribute illegal content, and nobody would know. This guy will be insanely rich soon.

    EDIT: We give corporations our privacy (pictures, videos, content), now we give them our bandwidth and storage too. I am curious what they will want next.

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  • lentrolentro Member, Provider

    @LTniger said:
    Isn't chia just a bs to monetize iso upload/download? Cohen is not the most trustworthy guy...

    Chia is a blockchain that uses hard drives to mine, not to store any data.

  • defaultdefault Member

    @lentro said:

    @LTniger said:
    Isn't chia just a bs to monetize iso upload/download? Cohen is not the most trustworthy guy...

    Chia is a blockchain that uses hard drives to mine, not to store any data.

    So what is stored? What is on all those petabytes?

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  • ericlsericls Member

    People from China started gauging it 2 months ago. I don’t think this scam can last that long. When the small players got destroyed by the big players the big players will starve to death naturally.

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  • ps20090ps20090 Member

    @default said: So what is stored? What is on all those petabytes?

    Have you ever play Bingo? I heard this analogy that like with Chia you make your own Bingo Cards with unused hard drive space and if Chia calls the numbers on your card, you’ll be awarded newly minted Chia.

  • codelockcodelock Member
    edited April 26

    @ps20090 said:

    @default said: So what is stored? What is on all those petabytes?

    Have you ever play Bingo? I heard this analogy that like with Chia you make your own Bingo Cards with unused hard drive space and if Chia calls the numbers on your card, you’ll be awarded newly minted Chia.

    This is exactly what is happening. Nice analogy

    Edit : what are the chances of me just reading this https://www.chiaexplorer.com/what-is-farming after seeing your reply. I even had it loaded on another tab.

  • lentrolentro Member, Provider

    @default said:

    @lentro said:

    @LTniger said:
    Isn't chia just a bs to monetize iso upload/download? Cohen is not the most trustworthy guy...

    Chia is a blockchain that uses hard drives to mine, not to store any data.

    So what is stored? What is on all those petabytes?

    From my understanding, "plotting" is where random numbers are stored, then you read over the numbers to come up with a hash.

    What you're thinking of (where data is actually stored) is Storj and Sia. Chia is just another coin with a different consensus protocol ("shitcoin"), it doesn't disrupt the storage space in any way.

  • deankdeank Member, Troll

    I can see it now.

    Year 2111, blood coin - the less blood you have in your body, the more chance of acquiring the coin.

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  • LTnigerLTniger Member

    @deank said:
    I can see it now.

    Year 2111, blood coin - the less blood you have in your body, the more chance of acquiring the coin.

    Founded and supported by the Red Cross.

    How about semen coin? Billions in potential.

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  • defaultdefault Member

    @LTniger said:

    @deank said:
    I can see it now.

    Year 2111, blood coin - the less blood you have in your body, the more chance of acquiring the coin.

    Founded and supported by the Red Cross.

    How about semen coin? Billions in potential.

    So courtesans will become miners?

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  • defaultdefault Member
    edited April 26

    @ps20090 said:

    @default said: So what is stored? What is on all those petabytes?

    Have you ever play Bingo? I heard this analogy that like with Chia you make your own Bingo Cards with unused hard drive space and if Chia calls the numbers on your card, you’ll be awarded newly minted Chia.

    So, the farming is a bingo game, the coin itself is a bingo game, the volatility of market is a bingo game...

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  • jackbjackb Member, Provider

    @LTniger said:

    @deank said:
    I can see it now.

    Year 2111, blood coin - the less blood you have in your body, the more chance of acquiring the coin.

    Founded and supported by the Red Cross.

    How about semen coin? Billions in potential.

    Fairly sure /r/wallstreetbets already have that one figured out.

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  • ps20090ps20090 Member

    @default said:

    @ps20090 said:

    @default said: So what is stored? What is on all those petabytes?

    Have you ever play Bingo? I heard this analogy that like with Chia you make your own Bingo Cards with unused hard drive space and if Chia calls the numbers on your card, you’ll be awarded newly minted Chia.

    So, the farming is a bingo game, the coin itself is a bingo game, the volatility of market is a bingo game...

    That's what I heard, like it's very random, you can do like 20+ plot and get no coin but someone can get lucky and get coin/reward in first try. What I meant was like it is different from Storj, in storj other people save like files parts in your server/HDD.

    Heard some time people makes like 100 plots but got no reward for it, maybe I am not understanding it fully

  • FalzoFalzo Member
    edited April 27

    @ps20090 said: Heard some time people makes like 100 plots but got no reward for it, maybe I am not understanding it fully

    it's actually not that hard. if you want to stick to an analogy: it's like a lottery. and the plots are your tickets for it. you need to create them only once and they are going to be valid for a longer time. you need storage though to have them lay around and be available at anytime, but they'll only be accessed in case they are matching like the first number (of quite a few). anyway every ~19 seconds a winner will be drawn and get two coins.

    obviously people will try to create as many tickets as possible and cram them on cheap space to raise their theoretical chances. this is why for now plotting seems the more important part of the game for a while.

    only creating your tickets will involve cpu power and more so the algorythm to build the data tables will need resorting and rewriting. therefore for one plot of around 100GB size you'll see around 15 times that in writes to your disk, which is why that shouldn't be the slowest one and SSDs might wear down fast if you plot a lot. after that the 100GB plot files are rather dead storage and not much happens with it anymore but you'll need to keep them around to be eligible for the drawings in your lottery.
    yet it's just a huge data table and 'harvesting' only means being accesible all the time, in case you could have your BINGO.

    TL;DR; large (online) storage to keep your tickets around for long, as cheap as possible. and decent cpu power with fast disk but only for as long as you need to create enough plots to fill your storage.

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  • atroxzatroxz Member

    how do I do it on a headless linux vps ?
    can someone copy/paste the command lines needed ? thanks !

    i have 200 gb ssd on my debian 10 vps .

  • @atroxz said: i have 200 gb ssd on my debian 10 vps .

    that's not enough, with storJ it takes at least 550 GB to mine, and chia needs 128 GB RAM

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  • FranciscoFrancisco Top Provider

    @skorupion said: chia needs 128 GB RAM

    No.

    Chia needs 300G storage but only like 4 - 6G RAM.

    Francisco

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  • defaultdefault Member
    edited April 27

    I am not much into conspiracy theories, but the "group" leaders may be trying to make technology more expensive. CPUs got expensive, GPUs got expensive, storage was the only one getting cheaper. Now they invented a (mining) farming way to increase prices on storage too, simply by putting them to mine and actually store nothing at the same time.

    Call me crazy because it's beyond my comprehension, call me with PMS because of my ignorance, but this is a pattern I see here. They try to use our greed against us.

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  • FalzoFalzo Member

    @default said:

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  • defaultdefault Member
    edited April 27

    Could someone with unlimited Google storage, attach that storage to a VPS with at least 105gb disk, create partition image (of 100gb) multiple times on VPS and make plots, then upload each image in Google every time, and mount each partition from Google storage to farm?

    If this can be created in a loop script, repeating the process indefinitely, one could get rich simply by the low cost of it all. This would be really easy to exploit in such scenario?

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  • FranciscoFrancisco Top Provider

    @default said: Could someone with unlimited Google storage, attach that storage to a VPS with at least 105gb disk, create partition image (of 100gb) multiple times on VPS and make plots, then upload each image in Google every time, and mount each partition from Google storage to farm?

    People were already getting ready for google to start yeeting people, this is going to just exacerbate it that much more.

    People paying $20/m expecting to dump 1PB or more of plots on their account...

    Francisco

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  • defaultdefault Member

    @Francisco said:

    @default said: Could someone with unlimited Google storage, attach that storage to a VPS with at least 105gb disk, create partition image (of 100gb) multiple times on VPS and make plots, then upload each image in Google every time, and mount each partition from Google storage to farm?

    People were already getting ready for google to start yeeting people, this is going to just exacerbate it that much more.

    People paying $20/m expecting to dump 1PB or more of plots on their account...

    Francisco

    @Francisco said:

    @default said: Could someone with unlimited Google storage, attach that storage to a VPS with at least 105gb disk, create partition image (of 100gb) multiple times on VPS and make plots, then upload each image in Google every time, and mount each partition from Google storage to farm?

    People were already getting ready for google to start yeeting people, this is going to just exacerbate it that much more.

    People paying $20/m expecting to dump 1PB or more of plots on their account...

    Francisco

    I avoid using Google. I don't have an enterprise account. But is this doable?

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