Chinese storage specialist Powev has developed the first SDD specifically for crypto farms. This development could be significant for the new cryptocurrency Chia, which relies on storage capacity.
Storage media could become scarce
If the new cryptocurrency Chia is a success, the specially designed mining SSDs could pay for themselves. Chia could create a shortage of SSDs and HDDs because, unlike Bitcoin and Ether, it requires storage rather than energy. Already, the classic formats of HDDs are sold out in China because they are cheaper. Meanwhile, SSDs have also moved into the miners’ prey scheme. Due to the high demand, the prices for the storage are now naturally rising as well. Whether this trend will reach us remains to be seen.
The mining SSD developed by Powev has been designed precisely for crypto farms. According to initial information, it is an SSD in M.2 format. Further information is not available yet, but since mining Chia requires many read and write processes, the SSD must be a very durable one. Larger capacities can also be assumed so that the lifespan is increased.
Development in Europe still unclear
Since Chia is not yet traded, the development on the storage market cannot yet be predicted. However, the impact could be large, as the first formats have already sold out in China. When Ethereum’s price rose, there was a similar development with graphics cards.