Items tagged with chia

It seems as though enthusiasts just can’t catch a break these days. Finding a current-generation (or even previous-generation) GeForce RTX 30 Series or Radeon RX 6000 Series graphics card in stock is near-impossible. And things on the console gaming side aren’t much better, as both the Xbox Series X and PlayStation 5 are in short supplies. Phison is forecasting that SSDs are next in line for a price hike in the coming months to make matters worse. Phison chairman KS Pua cites the red-hot Chinese Chia cryptocurrency as why consumers could see a 10 percent increase in SSD prices as we head into the summer months. As Chia heavily relies on large amounts of fast, temporary storage for... Read more...
This weekend, we brought you the news that the emerging Chia cryptocurrency is increasingly gaining in value, which has attracted an influx of new crypto miners. Chia is mined using unused space on your HDD or SSD, so it stands to reason that crypto miners are gobbling up these storage devices at a rapid clip to store cryptographic numbers (also called plots). TeamGroup is looking to cater to this growing audience with its new T-Create Expert SSD, which was designed specifically for mining Chia. Since it doesn't rely on high-performance CPUs or GPUs, mining for Chia isn't nearly as "needy" concerning power requirements. "Storage capacity and power consumption are also relatively unrelated," TeamGroup... Read more...
Cryptocurrency mining has been a bane on gamers hoping to score a graphics card at fair market value, but just wait until the storage market dries up, too. Perhaps (hopefully) it will not happen. It depends on the long term impact of Chia, a type of cryptocurrency that is mined with unused storage space instead of GPUs and dedicated ASIC hardware. Should you be worried? The early numbers are not encouraging. Chia has been around since 2018, but on Monday (May 3, 2021), it will be available for public trading. This has led to increased interest in Chia in recent weeks—so much, in fact, that Chia's total storage capacity has grown nearly sixfold since the beginning of April, going from 190.2... Read more...