Cryptocurrency Chia has already been hated not only by storage device manufacturers but also by internet service providers. For example, the German hosting provider Hetzner has even introduced a ban on mining the new currency.
The reason is that miners have learned to use cloud services for mining, which has led to a decrease in server performance. Chia mining is even compared to a DDoS attack that congests communication channels, hindering other users from receiving quality service.
Chia Mining – Advantages for Manufacturers
Certainly, like with gaming graphics cards, cryptocurrency mining with storage devices is very profitable for hardware manufacturers. Equipment cannot withstand the loads and breaks down. Naturally, service centers identify the cause and refuse warranty replacements. All this leads miners to go to stores and buy new products. Considering millions of users, manufacturers’ turnover is easy to calculate.
And although AMD and nVidia companies complain that ordinary users cannot buy gaming graphics cards, this is all for moral support to consumers who are not willing to pay exorbitant prices for gaming hardware. In fact, manufacturers profit greatly from this, especially when store shelves are empty. This is business.
The situation with storage devices is similar. All brands have already introduced amendments to warranty obligations, where a hard drive failure caused by Chia mining is the owner’s responsibility. On the positive side, many manufacturers have started indicating the write endurance on SSD packaging. Previously, this information was only available on products from market leaders (Samsung, Kingston).
Chia Mining – Disadvantages for Manufacturers
An increase in sales is good for manufacturers. However, many brands are expecting a decline in demand because Chia mining has led to unexpected consequences. The interest of cryptocurrency miners in HDD and SSD drives has caused a surge among manufacturers of high-performance devices—disks with higher throughput and faster access speeds.
Consequently, all bloggers and testing labs rushed to purchase higher-quality products for reviews. The budget segment was left behind. What happens next? Correct—buyers read or watch reviews and purchase what testing labs praise. Other brands lose sales.
Is there any point in mining Chia cryptocurrency?
Yes. As long as the coin shows growth, interest in it will not fade. There will be ups and downs. But the cryptocurrency market shows that mining can be quite profitable. Why not take advantage of the situation if the hardware is energy-efficient and affordable?
