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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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16 Comments

  1. ‘Unlike Bitcoin, which is based on proof of work, Chia utilizes a proof of space and time model. ‘

    I got to admit I have no fucking idea what Chia is I’ve taken the first steps to understand what this new way of doing crypto is. An ELI5 by anyone whos into it would be great.

  2. tldr; Chia miners in China are frantically buying up hard drives and SSDs to mine the Chia cryptocurrency. Unlike other cryptocurrencies, you don’t mine Chia with a processor, graphics card or ASIC miner. Instead, miners are mass purchasing hard drives that span from 4TB to 18TB in capacity. The panic buying will ultimately lead to a hard drive shortage and price hikes.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Soon we’ll be building computers like it was 1999 since there’s shortages on all parts. Floppy drives will be the new thing 💾 <— *Yes that’s a floppy drive and not a save button*

  4. I have a question, if this coin works with storage space, would not be feasible to purchase a service like DropBox, Google Drive or Mega that offer 10tb at just few dollars per month and use them to “mine” this currency? Or how does It works?

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What do you think?

How long will my Bitcoin transaction will take?

From yesterday I sent a transaction to binance and it is still pending/unconfirmed. My question is. Did I lose my money? Or will it revert back into my trust wallet after some time?