Amazon offers cloud-mining services for the Chia cryptocurrency
The tech giant Amazon has unveiled a solution for mining the Chia cryptocurrency on its cloud computing platform Amazon Web Services (AWS). reports The Block.
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In a brief guide, the company lays out the features of mining Chia and offers several ways to use its cloud system for these purposes:
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- Amazon Elastic Compute Cloud compute resources with high memory and high-frequency CPUs;
- Amazon Elastic Block Store storage with large-capacity disks and improved read/write performance;
- Large-capacity object storage and inexpensive space in Amazon Simple Storage Service for storing a large number of files.
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The service is aimed at users in China. It is not known when exactly AWS began advertising this solution.
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The original guide page on AWS’s site became unavailable. It also was not cached by Google.
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Reddit users called the AWS proposal unprofitable. According to them, besides the fee for access to cloud storage, moving each Chia plot would cost the miner $9, given the $0.09 per gigabyte egress traffic charge.
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The Chia Network, created by Bram Cohen, the author of the BitTorrent protocol, uses the Proof-of-Space and Proof-of-Time consensus algorithms.
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The main Chia Network went live on March 19. As of now, according to Chia Explorer, the amount of disk space occupied by the cryptocurrency totals 3.07 exabytes — more than 190 thousand HDDs with a capacity of 16 TB each.
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Amid the coin’s hype, miners created a local shortage of HDD and SSDs in China. According to a blogger, assembling a 200 TB farm would cost about about $16,000.
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Specifically for Chia mining, Team Group released an SSD with a 12-petabyte write endurance.
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