Notebookcheck
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Storage-based cryptocurrency Chia grows 6x in April to 1 Exabyte as SSD makers register a major bump to sales

The increased interest in Chia could trigger a storage shortage on top of the existing GPU supply crisis (Image source: chia.net)
The increased interest in Chia could trigger a storage shortage on top of the existing GPU supply crisis (Image source: chia.net)
Worries worsen that Chia, a storage-based cryptocurrency, could trigger a future shortage of SSDs and HDDs, as ADATA registered a massive 500 percent spike in sales in April, alongside a 6x increase in Chia's storage capacity.

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! English native speakers welcome!

News Writer - Details here

Chia, a storage-based cryptocurrency recently registered record gains. Across April 2021, a single month, Chia's total storage capacity grew from 120 Petabytes to over 1 Exabyte, a nearly 6x increase. At the same time, a DigiTimes report indicates that ADATA, a major player in the storage market, registered a 500 percent increase in sales. 

Last week, Chinese sources indicated that prices for high-capacity hard drives were up by 50 percent, with the situation likely to worsen as Chia miners buy up more supply. For the time being, SSD and HDD prices in other markets do not appear to have increased significantly.

However, if more miners turn their attention towards Chia, we could end up with a storage shortage on top of existing GPU supply woes. Unlike conventional cryptocurrencies, Chia leverages "proof of time and space," relying on storage capacity instead of computation as its proof of work. If storage makers are unable to meet increased demand, 2021 could turn into a very expensive year to build a new PC.

, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Source(s)

Read all 3 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Arjun Krishna Lal
Arjun Krishna Lal - Tech Writer - 470 articles published on Notebookcheck since 2019
I've had a passion for PC gaming since 1996, when I watched my dad score frags in Quake as a 1 year-old. I've gone on to become a Penguin-published author and tech journalist. Apart from working as an editor at Notebookcheck, I write for outlets including TechSpot and Gamingbolt. I’m the Director of Content at Flying V Group, one of the top 5 digital marketing agencies in Orange County. When I'm not traveling the world, gathering stories for my next book, you can find me tinkering with my PC.
contact me via: Facebook, LinkedIn
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 05 > Storage-based cryptocurrency Chia grows 6x in April to 1 Exabyte as SSD makers register a major bump to sales
Arjun Krishna Lal, 2021-05- 1 (Update: 2021-05- 1)