Chia mining damages disks - first bans

Cryptocurrency Chia has already managed to hate not only manufacturers of storage devices, but also providers of Internet resources. For example, the German hosting provider Hetzner even banned the mining of the new currency.

The fact is that miners have learned to use cloud services for mining. Which led to a drop in server performance. Chia mining is even compared to a DDoS attack, which clogs up the communication channel, preventing other users from receiving quality service.

 

Chia mining - benefits for producers

 

Unambiguously, as with gaming video cards, mining of cryptocurrency by storage devices is very beneficial for hardware manufacturers. The technique does not withstand loads and breaks down. Naturally, service centers identify the cause and refuse a warranty replacement. All this leads to the fact that the miner goes to the store and buys a new product. Considering millions of users, the turnover of manufacturers is not difficult to calculate.

And let AMD and nVidia talk about their grievances that ordinary users cannot buy a gaming graphics card. All this is for the moral support of consumers who are not ready to pay exorbitant prices for gaming hardware. In fact, the manufacturer makes great money on this if the shop windows are empty. This is a business.

The situation is similar with storage devices. All brands have already introduced an amendment to the warranty, where hard drive failure caused by Chia mining falls on the shoulders of the owner. On the positive side, many manufacturers began to indicate the write resource on the packaging for SSD disks. Before that, the information was available only on the products of market leaders (Samsung, Kingston).

 

 Chia mining - disadvantages for producers

 

Sales growth is good for manufacturing plants. Only many brands will see a decline in demand. Since mining Chia has led to unexpected consequences. The interest of cryptocurrency miners in HDDs and SSDs has caused a stir among manufacturers of highly efficient devices. Disks with high bandwidth and speed of access to information.

Accordingly, all bloggers and test laboratories rushed to buy better products for reviews. And the budget segment was not destined. What happens next? That's right - the buyer reads or watches reviews and buys what the test labs praise. And the rest of the brands are losing on sales.

Does it make sense to mine Chia cryptocurrency

 

Yes. While the coin is showing growth, interest in it will not fade away. There will be ups and downs. But the cryptocurrency market shows that you can make good money on mining. Why not take advantage of the situation, if iron is very economical in terms of electricity consumption and has an affordable price.