Chia Cryptocurrency Expected to Cause Hard Drive and SSD Shortages

Discussion in 'hardware' started by hawki, Apr 20, 2021.

  1. hawki

    hawki Registered Member

    Joined:
    Dec 17, 2008
    Posts:
    6,130
    Location:
    DC Metro Area
    "Now a new cryptocurrency is set to create another component shortage, only this time it's hard drives and SSDs that will be hard to find.

    Chia uses a proof of space time model rather than Bitcoin's proof of work model. That difference means Chia relies on storage rather than processing performance to mine, and it means a lot less wasted electricity in the process....

    Although Chia isn't being traded yet, prospective miners in China are preparing by purchasing as many hard drives and SSDs as they can afford, meaning all 4TB to 18TB drives are in high demand. Pricing is already expected to increase, and ultimately we are probably going to see shortages...

    Performance SSDs are already selling out, and manufacturers are set to respond by both restricting sales to miners and increasing production where possible..."

    https://www.pcmag.com/news/chia-cryptocurrency-expected-to-cause-hard-drive-and-ssd-shortages
     
  2. Rasheed187

    Rasheed187 Registered Member

    Joined:
    Jul 10, 2004
    Posts:
    18,178
    Location:
    The Netherlands
    Seriously, this Bitcoin nonsense need to stop, it's bad for the planet and based on nothing. Can't believe that big companies like PayPal and Tesla now support it.
     
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