{"id":40960,"date":"2021-04-19T10:24:38","date_gmt":"2021-04-19T07:24:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40960"},"modified":"2025-08-30T16:36:14","modified_gmt":"2025-08-30T13:36:14","slug":"chia-cryptocurrency-miners-spur-local-hdd-and-ssd-shortage-in-china","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chia-cryptocurrency-miners-spur-local-hdd-and-ssd-shortage-in-china\/","title":{"rendered":"Chia cryptocurrency miners spur local HDD and SSD shortage in China"},"content":{"rendered":"<p>Due to the surge in popularity of the Chia cryptocurrency, miners in China are stockpiling hard drives and solid-state drives for its mining. <a href=\\\"https:\/\/www.hkepc.com\/20288\/\u7926\u5de5\u760b\u72c2\u6436_HDD__SSD_\u6316\u6398_Chia_\u5947\u4e9e\u5e63_\u9999\u6e2f\u4ee3\u7406HDD_\u88ab\u6383\u5149\u4f86\u8ca8\u5927\u6f32\u50f9_\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">reports<\/a> from the local publication HKEPC.<\/p>\n<p>\\n<\/p>\n<p>The Chia Network, created by Bram Cohen, the author of the BitTorrent protocol, uses the consensus algorithms [simple_tooltip content=\\&#8221;mining using a computer&#8217;s disk space, not its computing power\\&#8221;]Proof-of-Space[\/simple_tooltip] and [simple_tooltip content=\\&#8221;a sequential operation requiring a defined amount of time to compute\\&#8221;]Proof-of-Time[\/simple_tooltip] [proofs of space and time].<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"qO8Z9z4cXD\\\">\n<p>The BitTorrent founder proposed a new concept of mining<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"The BitTorrent founder proposed a new mining concept \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/news\/sozdatel-bittorrent-predlozhil-novuyu-kontseptsiyu-majninga\/embed#?secret=VqtlEh9zxQ#?secret=qO8Z9z4cXD\\\" data-secret=\\\"qO8Z9z4cXD\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>The coin is positioned as an environmentally friendly cryptocurrency: hard drives and<br \/>solid-state drives are easier to find on the market, and they consume far less energy.<\/p>\n<p>\\n<\/p>\n<p>Chia is not yet available for purchase or sale, but miners are already stockpiling HDDs of 4 to 18 TB and smaller-capacity SSDs.<\/p>\n<p>\\n<\/p>\n<p>The largest local memory manufacturer Jiahe Jinwei has already sold out SSDs with capacities of 1 TB and 2 TB. To meet demand, the company plans to ramp up production and equip devices with mining restrictions. <a href=\\\"https:\/\/news.mydrivers.com\/1\/751\/751502.htm\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">did not rule out<\/a> the introduction of a special SSD model for cryptocurrency mining.<\/p>\n<p>\\n<\/p>\n<p>Analysts forecast storage prices in Hong Kong rising from HK$200 to HK$600 (from $26 to $77) if demand persists.<\/p>\n<p>\\n<\/p>\n<p>In July 2020, an unusual Filecoin mining server went on sale in China\u2014the coin miners earn for storing information. At that time, the project&#8217;s main network had not yet launched.<\/p>\n<p>\\n<\/p>\n<p>The server runs on Linux, is equipped with two 240 GB SSDs and a 2 TB drive, 128 GB of RAM, and a powerful Nvidia 2080 TI GPU.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to the surge in popularity of the Chia cryptocurrency, miners in China are stockpiling hard drives and solid-state drives for its mining.<\/p>\n","protected":false},"author":1,"featured_media":40961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2132,133,1137],"class_list":["post-40960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chia-network","tag-china","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40960"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40960\/revisions"}],"predecessor-version":[{"id":40962,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40960\/revisions\/40962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40961"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}