It has become a massive year for Cryptocurrency so far, but a number of familiar problems continues to disrupt the industry, including questions for the environmental impact of crypto mining.
In an effort to solve problems with traditional mining, and provide small scale small seats on the table once again, the new type of cryptocurrency has appeared that it uses storage capacity that is contrary to valued strength.
TechRadar Pro talks with Jason M. Feist, VP Products & Solutions Engineering appears in Seagate storage companies, to hear more about the cryptocurrency-centric storage and opportunities they can make.
What is the Cryptocurrency centric storage and how it works?
For most people, Crypto has been identical to Bitcoin. Those who have several Bitcoin Savvy know this technology depends on “work evidence” to validate transactions. This requires significant CPU and GPU resources. Other blockchains pursue different roles using different validation methods. Increasingly, “Proof of Space”, which validates operations with the storage capacity of excess participants, provides a more green and more full approach with the opportunity for organizations to obtain income from their IT infrastructure.
Storage centric blockchains are indeed seen as an alternative that is more energy efficient for blockchains that depend on proof of work. This is the case because the currency activated storage does not have a hungry transaction. According to the United States data center energy report, storage usually only amounts to 11% of the data center power.
Examples of Crypto centric storage are FileCoin Lab protocols. It uses “Proof of Space and Time” for Blockchain validation and also a gift miner in the currency file. Storage miners make their capacity unused available for networks. Given the large number of capacities promised to Filecoin, mining entities can archive a lot of data, which frees its local capacity for more critical use. Chia is another example of a storage-centric currency.
How do storage companies try to overcome the increase in demand for high-capacity drives carried by Crypto?
It is true that Seagate is now experiencing a strong demand. Through strong operating principles, we manage risks to minimize supply disorders and ensure resilience. We will fulfill the immediate customer and authorized distributor commitment to the June 2021 quarter. We continue to work with our customers to understand requests and adjust the appropriate plans.
How big is the Write-Intensive Chia mining system for long-term miners, considering the victim took SSD?
We cannot overcome the Chia system specifications. Drive performance depends on how users choose to use it. Seagate gold rules about how to optimize any storage – to extend their lifetime and ensure the best performance – is this: always choose the right storage for your purpose.
In the world of Crypto, he paid to use a combination of high reliability, company class SSD and a large capacity hard drive. Given the importance of data protection and data resilience, it is best to use Hardware RAIDs or removal code solutions that display drives and even redundancy controllers. This type of configuration will maximize the active time and data protection.
The application varies, of course, but generally Crypto involves three main scenarios, with the following storage recommendations:
1). If certain cryptocurrency punishes the lost capacity, select the storage system that offers additional controller protection (deletion coding and RAID), which must prevent it from happening.
2). For transaction-intensive workload such as data sealing, SSD is a good bet that helps achieve application performance.
3). For intensive workload capacity, the hard drive that is cost-effective and maximizing space is a way to go.