What is hard drive mining?

Hard drive mining is a way of generating cryptocurrency using the storage space of hard disk drives. HDD miners do not require graphics processing units (GPUs) or ASIC miners, like in traditional mining farms, to produce new blocks in the distributed ledger.

Is cryptocurrency hard drive mining a good idea?

We have heard that cryptocurrency hard drive mining has become very popular over the last few years. Once the market starts moving higher, investors want to buy ASIC miners or powerful GPU and start Bitcoin mining and that of other cryptocurrencies. However, these ASIC miners are usually cost a lot and consume a lot of energy.

Is hard drive mining a viable option for blockchain companies?

One thing is clear, the larger the blockchain community, the easier it would be to find out some solutions to do hard drive mining. Everything would depend on the needs of different blockchain companies and how hard drive mining could become a reliable option to proof of work and proof of stake consensus algorithms.

How many hard drive mining coins are there?

There are at least two hard drive mining coins available in the cryptocurrency market. However, they didn’t have hype or positive comments. Thus, we also do not know a lot about these projects and how they could interact with other crypto and blockchain solutions. In the future, there might be a larger number of coins using hard drive mining.