Hard drives and SSDs will also face supply shortage – the new cryptocurrency ChiaCoin is to blame for everything

Hard drives and SSDs will also face supply shortage - the new cryptocurrency ChiaCoin is to blame for everything

Due to the ongoing boom in cryptocurrencies, very few fast video cards are coming into stores and prices are far from the norm. However, it is quite possible that this is not the end: the new ChiaCoin cryptocurrency may cause a total shortage of drives, both SSD and HDD.

This cryptocurrency was created by Bram Cohen, the founder of Bit Torrent. According to his idea, it should be a “green” cryptocurrency, since it relies on storage devices that require almost no energy, in contrast to the “zhory” CPU and GPU. At the same time, if in most cryptocurrencies the reward is paid for “proof of work”, then in the case of Chia you will be paid for “proof of volume and time.” In other words, the faster the drive, and the larger its volume, the more coins you will receive for storing information on it.

 

Of course, fast and capacious SSDs are best suited for mining this cryptocurrency, but they have a limited number of rewrites, so more reliable HDDs look preferable. As a result, the miners decided the same, and in China, almost all hard drives with volumes from 4 to 18 TB have already been swept off the shelves. The SSD also got lost: Jiahe Jinwei, one of the largest Chinese manufacturers of memory chips, reported that almost all Gloway and Asgard SSDs in 1 and 2 TB volumes have already been sold.

Hard drives and SSDs will also face supply shortage - the new cryptocurrency ChiaCoin is to blame for everything

What is most interesting is that ChiaCoin has not yet gone on sale, so it is too early to buy drives for all the money, and so far only large wealthy Chinese miners are engaged in this. But, on the other hand, one should not discount the fact that 10 years ago, Bitcoin was not needed by anyone and was sold for a penny, and now one “coin” costs more than $ 50,000. So it may well be that a new “accumulative” cryptocurrency will also shoot, and a new deficit awaits us, this time SSD and HDD.

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