In the cryptocurrency sector, there are some currencies that are more popular than others. For example, a large portion of the population is already using names like Bitcoin and Ethereum, but there are many others.
For example, Chia is a cryptocurrency created by the founder of BitTorrent that has become popular especially in China. In addition, this digital currency will place HDD and SSD disks for mining.
What is chia?
Involved It is the name of the cryptocurrency developed by Bram Cohen, the creator of BitTorrent, which is constantly growing in China. It's by no means the most popular digital currency or the one that you hear about a lot, but who knows, this scenario won't change?
This digital currency could then change the way we currently view this market. As we know, for cryptocurrency mining, users mostly use graphics cards for Ethereum and ASICs, in the case of Bitcoin. But systems containing this equipment are expensive and result in a significant expenditure of energy.
In this way, Chia aims to become a more environmentally friendly digital currency than the current digital currencies. This is because instead of processing GPUs, this currency focuses on storage, which is a more sustainable solution.
In this sense, this cryptocurrency will be mined through HDD and SSD disks. This is cheaper equipment, and it guarantees the same privacy and security as other encryption systems.
According to the official Chia website:
We believe that using cryptocurrency should be easier to use than money, harder to lose, and nearly impossible to steal.
Anyone who wants transaction validation should be able to operate without disposable devices or a large electricity bill.
Miners are starting to purchase hard drives and SSDs in bulk
So, instead of the "proof of work" method, Chia uses the "proof of time and place" model, by using disk storage for business.
At the moment, the coin is not available for purchase in the market, but the miners are already looking forward to its arrival. According to information from HKEPC, some people in China have already started purchasing hard drives and HDDs in bulk.
In Hong Kong, for example, anyone interested in this cryptocurrency has already secured storage drives between 4 terabytes and 18 terabytes. In addition, the giant Chinese manufacturer, Jiahe Jinwei, has already said that it has run out of stock from its flagship 1 TB and 2 TB NVMe SSDs.
So, with all this outlook, disc prices are also expected to see some change soon.
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