Home Cryptocurrency News Hard Drive and SSD Shortages Are Imminent If New Cryptocurrency Blooms

Hard Drive and SSD Shortages Are Imminent If New Cryptocurrency Blooms

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With the emergence of the Chia cryptocurrency, miners in China are frantically snatching up each piece of arduous drive and SSD. Not like different cryptocurrencies, you do not mine Chia with a processor, graphics card or ASIC miner. As a substitute, you farm Chia with space for storing, which is the place arduous drives or SSDs are available.

Not like Bitcoin, which relies on proof of labor, Chia makes use of a proof of area and time mannequin. Chia reportedly arrives as an eco-friendly cryptocurrency. Bram Cohen, who’s finest often called the inventor of BitTorrent, created Chia to leverage the free area on storage units. The idea behind Chia is that arduous drives and SSDs use much less energy, are simpler to return by and cheaper to buy. By comparability, mining Ethereum or Bitcoin on a mass scale contributes to the electrical energy waste.


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