Chia mining is becoming more popular, and the price of SSD market may rise sharply

According to official news from Chia Jinwei, as Chia mining becomes increasingly popular, the market supply and demand of SSDs may become increasingly tight, and the market price may rise significantly.

Chia Jinwei said that the cryptocurrency mining requires large-capacity, high-speed, and high-TBW SSDs. Chia mining generates a large number of read and write operations, which consumes a lot of SSD life, so a large number of SSDs are needed. According to the computing power forum, there are currently about 30,000 10t hard drives in the network for mining, and about 500 are added every day.

Chia was launched by Bram Cohen, the father of BT. Chia pioneered the delayed recovery function of paper wallets, transfer retraction and limit wallet functions, which makes Chia the only digital asset closest to traditional financial instruments. Chia has not yet been listed for trading, but has been targeted by miners. The hardware for mining this time is no longer a graphics card, but a solid-state drive (SSD).

IT Home learned that in 2012, Jiahe Jinwei entered the memory module production industry and became the first and largest full-chain memory product OEM company in China. Jiahe Jinwei provides a full range of memory modules, SSD solid-state drives, various storage devices and other high-quality products and solutions, with brands such as Guangwei and Asgart.