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HARD DRIVE Mining? This is getting ridiculous...

nicklmg
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Regardless of the hate that YouTube comments tend to spew about mining and whatnot, I actually find this interesting even if I'm not going to do it :)

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What the balls... The last thing we need is hard drive prices to go up... Next thing you know there'll be USB Thumb Drive mining akin to the ASIC's for mining bitcoin when it came out in 2009.

"The only thing that matters right now is that you're here, and you're safe."

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3 minutes ago, Hiitchy said:

What the balls... The last thing we need is hard drive prices to go up... Next thing you know there'll be USB Thumb Drive mining akin to the ASIC's for mining bitcoin when it came out in 2009.

Well let me put your mind at ease.

At current prices, if you bought 90 * 12TB drives, you would make back 1 drive per month so your drive ROI time alone would be 7.5 years :)

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1 minute ago, Lurick said:

Well let me put your mind at ease.

At current prices, if you bought 90 * 12TB drives, you would make back 1 drive per month so your drive ROI time alone would be 7.5 years :)

In that case.... I kinda sorta want to redact my previous comment towards this topic. LOL.

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I think Bethesda will be suing over this.

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1 minute ago, Lurick said:

Well let me put your mind at ease.

At current prices, if you bought 90 * 12TB drives, you would make back 1 drive per month so your drive ROI time alone would be 7.5 years :)

But you know what the thing with prices of cryptocurrencies is, right? Bitcoin was dirt cheap at one point.

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1 minute ago, Snapperx said:

But you know what the thing with prices of cryptocurrencies is, right? Bitcoin was dirt cheap at one point.

Yah, it's just if you want to take that risk but right now it doesn't make sense :)

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1 minute ago, Lurick said:

Yah, it's just if you want to take that risk but right now it doesn't make sense :)

That's correct. Lets see what the future brings. As soon as it gets lucrative miners will jump on it.

I don't know how Burstcoin works but would a SSD mine faster?

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Just now, Snapperx said:

That's correct. Lets see what the future brings. As soon as it gets lucrative miners will jump on it.

I don't know how Burstcoin works but would a SSD mine faster?

As far as I know, no. It's based on the space of the drive.

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Just now, Lurick said:

As far as I know, no. It's based on the space of the drive.

Well thats some soothing news for the future :)

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13 minutes ago, Lurick said:

Well let me put your mind at ease.

At current prices, if you bought 90 * 12TB drives, you would make back 1 drive per month so your drive ROI time alone would be 7.5 years :)

............

 

well... if you worked at some kind of hdd reclying plant or something along those lines... maybe instead of destroying them you could use them to mine till they die? i mean, sure, it's a weird idea but you never know with how scummy some people are..

 

(i mean, i did rma a half-dead drive but it probably could have lasted a few more months/years, add up all the people doing the same I did and you can have a pretty nice amount of working drives to mine?)

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Now we just have to wait for keyboard mining. 

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17 minutes ago, Snapperx said:

That's correct. Lets see what the future brings. As soon as it gets lucrative miners will jump on it.

I don't know how Burstcoin works but would a SSD mine faster?

It shouldn't. The concept of mining using storage is called Proof of Capacity - you store a bunch of pre-calculated points on a graph using your hard drive, when it comes to mining you look for something which would match the difficulty you are mining at on the drive and use this value to prove the block.

https://coincentral.com/what-is-proof-of-capacity/

22 minutes ago, Kierax said:

I think Bethesda will be suing over this.

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30 minutes ago, Lurick said:

Regardless of the hate that YouTube comments tend to spew about mining and whatnot, I actually find this interesting even if I'm not going to do it :)

interesting ? sure !

 

harddrives are not that expensive but you know how it always goes - some people can just never get enough and WILL buy up everything they can get their greedy hands on if this ever becomes profitable... 

 

i see warehouses full of harddrives in my head already. 

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This is what happens when you have NINE THOUSAND different types of Cryptocurrency - miners are becoming as bad as eBayniacs who buy tons of limited edition stuff, just so they can sell it for 10 times the price to people who actually want them.

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Hmmm... I just happen to have a spare 6TB WD Red drive lying around doing nothing and a USB dock lying around doing nothing as well.

 

Can I expect to make $1/day with that???

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1 hour ago, Froger96 said:

Am i the only one that saw how linus didn't warn his employee on how to correctly lift and place down heavy objects when lifting them.
tut tut tut  ;)

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Haha, it was fiiine. I like to refer to NickyV's lifting tips.

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55 minutes ago, Edzel Yago said:

Haha, it was fiiine. I like to refer to NickyV's lifting tips.

R.I.P Nicky V

i remember his job interview video like it was only yesterday

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Im still going to do the things talking about even though its a bad idea. I got 15 10TB drives full of work and things I have. I need better storage, but gona sue half for mining to be cool lol.

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this is interesting, ive got a few drives laying around that are probably almost dead anyways. i'd be willing to give this a shot.

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5 hours ago, Lurick said:

Regardless of the hate that YouTube comments tend to spew about mining and whatnot, I actually find this interesting even if I'm not going to do it :)

I read about this like several months back (saw a miner over on TPU talking about it ).  It is a interesting way to mine.

 

5 hours ago, Snapperx said:

But you know what the thing with prices of cryptocurrencies is, right? Bitcoin was dirt cheap at one point.

What sucks for me.  I knew about Bitcoin when it was a few cents per each one.  Before alt coins appeared and before ASICs came about.

....yeah, I kick myself so hard now.

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