In China, there is a boom in pharming – that is, the mining of the ChiaCoin cryptocurrency, which requires hard drives and SSDs, not video cards. The larger the storage, the more the user is rewarded, but the write rate is so high that a typical user SSD of 256-512 GB can barely survive a month of farming. Server HDDs are better suited for this, and, apparently, Amazon felt that their cloud services (Amazon Web Services, AWS) can cope with such a load.
The company encouraged users in China to use AWS for pharming and even outlined the benefits of its cloud platform for this process. But just a few hours later, a page offering to use AWC services for such a specific occupation disappeared from the official Amazon website. Given the high requirements for the data storage subsystem when mining ChiaCoin, it can be assumed that the servers in these couple of hours simply began to run out of available storage capacity.
In general, Amazon has been providing AWS for blockchain technologies for several years, but the story with ChiaCoin is different – farming is very demanding on SSDs, it literally kills them in a matter of months. And hard drives fill up quickly with data. For cloud service providers, this means additional costs in maintaining the integrity of the network and available capacity, so if such a service is provided, it will only be individually and at an increased rate. It’s just that Amazon, apparently, did not calculate all the pros and cons of providing the capacity for pharming. And yet, apparently, they did not count on the rush demand for such a service.
Meanwhile, the value of ChiaCoin is rising. So, if in the interval from May 4 to May 7 they gave about $ 600 for one XCH, now the price jumped to about $ 1200.
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