From the mind behind BitTorrent, the new cryptocurrency Chia Coin allows mining through the use of HDD and SSD write and read cycles. However, its rise has aroused no small concern due to the risk of causing a shortage of these components.
However, due to the particular mining methodology of this cryptocurrency, traditional SSDs are not considered eligible. The incessant cycles of reading and writing would in fact affect its longevity in too short a time. For this reason, the SSDs targeted by miners are those dedicated to the Enterprise sector.
Indeed, the numbers gathered seem to confirm these concerns. In the team's latest statements, the cryptocurrency hit an all-time high of 1.14 Exabytes of storage capacity, up 5.7x from the data collected earlier this month.
Just a few days ago we reported the statements of GALAX, one of the largest Solid-State Drive manufacturers in the world, in which the company declined any kind of after-sales responsibility in case of using its HDDs and SSDs for this purpose. The guarantee would therefore be void, trying to discourage those who want to run out of stocks.
A recent report from DigiTimes highlighted ADATA's performance in this industry over the past month, highlighting an explosion of around 500% in high-capacity SSD sales growth.