Chinese coin miners flock to new cryptocurrency Chia resulting in hard drive shortages and price surges

//Chinese coin miners flock to new cryptocurrency Chia resulting in hard drive shortages and price surges

Chinese coin miners flock to new cryptocurrency Chia resulting in hard drive shortages and price surges

Gamers have been complaining for a long time about higher prices for graphics cards due to demand from people who mine cryptocurrencies such as bitcoin and ethereum but now a new cryptocurrency that can be mined using hard drive storage space is putting a similar chokehold on supplies of this critical PC component.Unlike bitcoin, which requires massive amounts of processing power and electricity, the blockchain and transaction platform of Chia – a cryptocurrency created by Bram Cohen who is…

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By | 2021-04-22T16:00:10+00:00 April 22nd, 2021|Technology|Comments Off on Chinese coin miners flock to new cryptocurrency Chia resulting in hard drive shortages and price surges