Running out of GPUs, now even SSDs are being bought by Chinese `miners`: All because of this emerging coin 2
In the Vietnamese market as well as in the world, buying a new graphics card (GPU) model like NVIDIA’s RTX 30 series or AMD’s RX 6000 is considered an impossible task.
Worth mentioning, not only GPUs, a series of other PC components such as HDDs and SSDs are now about to fall into serious shortage as they become the hunting target of the cryptocurrency community.
It is known that Chia is one of the cryptocurrencies advertised as environmentally friendly.
Bram Cohen – the `father` of Chia and also the developer of BitTorrent, said that SSDs and HDDs consume less power, are cheaper and are more readily available than GPUs used to mine Ethereum.
Worth mentioning, although Chia is not yet listed for trading, miners in China have ‘smelled’ the potential of this coin.
The larger the hard drive capacity, the better the money you make
Chia’s mining process requires a large amount of free space on the storage device, as the coin’s mining software runs a lot of data read/write commands.
In this case, durability is as important as speed, so SSDs for general users are not the best choice for Chia mining due to the low durability of the device and running other operations.
As a result, a large amount of hard drives with capacities ranging from 4TB to 18TB were purchased by coin miners.
Jiahe Jinwei, a major SSD manufacturer in China, has announced that all of its Gloway and Asgard branded high-performance 1TB and 2TB NVMe M.2 SSDs are out of stock.
Of course, if Chia officially launches, we may face a shortage of hard drives and SSDs.
Refer to Wccftech
