Items tagged with chia

Though cryptocurrency has drawn some ire worldwide, there is some serious market potential, and it would be foolish for tech companies to ignore potential financial gains. Take, for example, a cryptocurrency called Chia, which utilizes unused storage as part of a proof of space and time blockchain. The faster, the better, so SSDs were selling out incredibly quickly overseas. Now, it seems PNY is playing to the crowd and is launching a Chia-optimized SSD. As mentioned, Chia is a proof of space and time cryptocurrency, which relies on unused storage on drives to be used for “plotting.” Plotting is a write-intensive process that records hashes which are then compared to a challenge broadcast... Read more...
Is cryptocurrency mining the reason why we can't have nice things? You could make that argument in some instances, even with solid state drives (SSDs). Case in point, PNY has significantly reduced the endurance rating on its high-performance XLR8 CS3030 SSD family, and by extension, potentially slashed the warranty period. That's because when it comes to SSD warranties, most manufacturers (including PNY) typically guarantee a drive for a set period of time or when a certain write threshold has been reached (labeled as terabytes written, or TBW), whichever occurs first. For most people, it is the former. But for people who mine Chia, which taps into unused storage space, the latter happens much... Read more...
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...