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Huge jump in HDD prices, in just 1 week
PulsedMedia
Member, Patron Provider
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.
Thanked by 1NetDynamics24
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its chia + storJ plus any other crypto that came
yes it's Chia .
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.
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.
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!
people are going to freak if Chia doesn't hit the $20/coin they hope.
Francisco
Mixed of Chai and still from the world shutting down.
Can you even buy Chia yet?
May 3rd/4th is when mainnet allows transfers. There's a couple China exchanges listing the futures of the coin with incredibly inflated pricing (thousands per coin range).
I don't know of any other exchanges announcing support for it.
The idea behind Chia is that it gets onto the stock market I think, instead of an ICO type deal. They want Chia to be seen as a legitimate product/offering. Given the people involved (the guy that came up with bittorrent, etc), they might just pull it off.
Francisco
Unofficially yes, futures or something. Last i checked it was 1500$/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.
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.
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.
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? 🤦♂️🤦♂️
Monthly revenue from STORJ lol
Someone posted to reddit.
https://www.reddit.com/r/storj/comments/mxq6cq/may_5th_will_be_my_1_month_n00bversery_making_a/
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)
StorJ takes a lot of time. While Chia fills up your disk quickly, StorJ takes at least 6 months to do the same.
I still remember filecoin...
People already asking for disk upgrades on NanoKVM.
Guys, don't.
you need at least 550 GB of storage to mine storj
I dont think Google Trends is really accurate for a country that ... blocks Google (HK is separate)
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.
chia isn't "proof of work". that's the whole point. at least for believers.
Hm, maybe i should list some drives i picked up cheap on ebay...
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.
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.
Chia is a blockchain that uses hard drives to mine, not to store any data.