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Hard Drive and SSD Shortages Could Be Imminent If New Cryptocurrency Blooms

Pickles von Brine
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Unlike Bitcoin, which is based on proof of work, Chia utilizes a proof of space and time model. Chia reportedly arrives as an eco-friendly cryptocurrency. Bram Cohen, who's best known as the inventor of BitTorrent, created Chia to leverage the free space on storage devices. The basis behind Chia is that hard drives and SSDs use less power, are easier to come by and cheaper to purchase. By comparison, mining Ethereum or Bitcoin on a mass scale contributes to the electricity waste.

According to 
HKEPC's report, miners are mass purchasing hard drives that span from 4TB to 18TB in capacity. The panic buying will ultimately lead to a hard drive shortage and price hikes. In Hong Kong, hard drive and SSD pricing is expected to increase between 200 HKD to $600 HKD (~$26 to $77). Due to the constant read and write operations, consumer SSDs aren't the first choice for farming Chia. Nothing is safe from miners when a profit is there to be made though.

Oh boy. Here we go again. I remember something like this being a thing in the past but it petered out. Also, personally, I don't really care for the idea of cryptocurrency. It just seems like nonsense. Now, we have this. Kinda interesting but also a bit annoying as a consumer and a business partner (computer repair business). 😧

Be sure to @Pickles von Brine if you want me to see your reply!

Stopping by to praise the all mighty jar Lord pickles... * drinks from a chalice of holy pickle juice and tossed dill over shoulder* ~ @WarDance
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This is all overhyped clickbait shit. Burstcoin, which is virtually identical to this, came out many years ago and there is no shortage of hard drives or SSDs because of it

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Just now, BuckGup said:

This is all overhyped clickbait shit. Burstcoin which is virtually identical to this came out many years ago and there is no shortage of hard drives or SSDs because of it

Yep, was pretty useless. 

 

 

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This type of mining isn't new, so I don't expect much of an impact. 

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Selling one Maxtor Raptor 78Gb $999.99 good deal for you 

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Well chuck in a little selfishness and I hope this actually does become a thing, unlike past ones, as I have an absolute ton of HDDs and will have access to a crap load more soon. And by a ton I mean in the hundreds 😀

 

So.... maybe yay (for me lol)

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8 minutes ago, BuckGup said:

This is all overhyped clickbait shit. Burstcoin which is virtually identical to this came out many years ago and there is no shortage of hard drives or SSDs because of it

Yep unless some how it becomes insanely profitable it won't be an issue. See HDDs have like zero resale value especially ones that are worn down because they do wear out much more so than GPUs. So the miners have to figure a zero return on their HDD investment when they calculate their cost. This has been going on for a while and we haven't had any HDD shortages.

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2 minutes ago, RejZoR said:

So, what's next, soundwave cryptocurrency where we'll have shortages of soundcards and microphones? Dafaq man...

Actually a lot of soundcards are used by amateur radio operators now days for packet radio

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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̌̅̒̾̈́̆͌̌̾̎̽̐̅̏́̈̔͛̀̋̃͊̒̓͗͒̑͒̃͂̌̄̇̑̇͛̆̾͛̒̇̍̒̓̀̈́̄̐͂̍͊͗̎̔͌͛̂̏̉̊̎͗͊͒̂̈̽̊́̔̊̃͑̈́̑̌̋̓̅̔́́͒̄̈́̈̂͐̈̅̈̓͌̓͊́̆͌̉͐̊̉͛̓̏̓̅̈́͂̉̒̇̉̆̀̍̄̇͆͛̏̉̑̃̓͂́͋̃̆̒͋̓͊̄́̓̕̕̕̚͘͘͘̚̕̚͘̕̕͜͜͝͝͝͠͝͝͝͝͠ͅS̷̢̨̧̢̡̨̢̨̢̨̧̧̨̧͚̱̪͇̱̮̪̮̦̝͖̜͙̘̪̘̟̱͇͎̻̪͚̩͍̠̹̮͚̦̝̤͖̙͔͚̙̺̩̥̻͈̺̦͕͈̹̳̖͓̜͚̜̭͉͇͖̟͔͕̹̯̬͍̱̫̮͓̙͇̗̙̼͚̪͇̦̗̜̼̠͈̩̠͉͉̘̱̯̪̟͕̘͖̝͇̼͕̳̻̜͖̜͇̣̠̹̬̗̝͓̖͚̺̫͛̉̅̐̕͘͜͜͜͜ͅͅͅ.̶̨̢̢̨̢̨̢̛̻͙̜̼̮̝̙̣̘̗̪̜̬̳̫̙̮̣̹̥̲̥͇͈̮̟͉̰̮̪̲̗̳̰̫̙͍̦̘̠̗̥̮̹̤̼̼̩͕͉͕͇͙̯̫̩̦̟̦̹͈͔̱̝͈̤͓̻̟̮̱͖̟̹̝͉̰͊̓̏̇͂̅̀̌͑̿͆̿̿͗̽̌̈́̉̂̀̒̊̿͆̃̄͑͆̃̇͒̀͐̍̅̃̍̈́̃̕͘͜͜͝͠͠z̴̢̢̡̧̢̢̧̢̨̡̨̛̛̛̛̛̛̛̛̲͚̠̜̮̠̜̞̤̺͈̘͍̻̫͖̣̥̗̙̳͓͙̫̫͖͍͇̬̲̳̭̘̮̤̬̖̼͎̬̯̼̮͔̭̠͎͓̼̖̟͈͓̦̩̦̳̙̮̗̮̩͙͓̮̰̜͎̺̞̝̪͎̯̜͈͇̪̙͎̩͖̭̟͎̲̩͔͓͈͌́̿͐̍̓͗͑̒̈́̎͂̋͂̀͂̑͂͊͆̍͛̄̃͌͗̌́̈̊́́̅͗̉͛͌͋̂̋̇̅̔̇͊͑͆̐̇͊͋̄̈́͆̍̋̏͑̓̈́̏̀͒̂̔̄̅̇̌̀̈́̿̽̋͐̾̆͆͆̈̌̿̈́̎͌̊̓̒͐̾̇̈́̍͛̅͌̽́̏͆̉́̉̓̅́͂͛̄̆͌̈́̇͐̒̿̾͌͊͗̀͑̃̊̓̈̈́̊͒̒̏̿́͑̄̑͋̀̽̀̔̀̎̄͑̌̔́̉̐͛̓̐̅́̒̎̈͆̀̍̾̀͂̄̈́̈́̈́̑̏̈́̐̽̐́̏̂̐̔̓̉̈́͂̕̚̕͘͘̚͘̚̕̚̚̚͘̕̕̕͜͜͝͠͠͝͝͝͝͠͝͝͝͠͝͝͝͝͝͝ͅͅͅī̸̧̧̧̡̨̨̢̨̛̛̘͓̼̰̰̮̗̰͚̙̥̣͍̦̺͈̣̻͇̱͔̰͈͓͖͈̻̲̫̪̲͈̜̲̬̖̻̰̦̰͙̤̘̝̦̟͈̭̱̮̠͍̖̲͉̫͔͖͔͈̻̖̝͎̖͕͔̣͈̤̗̱̀̅̃̈́͌̿̏͋̊̇̂̀̀̒̉̄̈́͋͌̽́̈́̓̑̈̀̍͗͜͜͠͠ͅp̴̢̢̧̨̡̡̨̢̨̢̢̢̨̡̛̛͕̩͕̟̫̝͈̖̟̣̲̖̭̙͇̟̗͖͎̹͇̘̰̗̝̹̤̺͉͎̙̝̟͙͚̦͚͖̜̫̰͖̼̤̥̤̹̖͉͚̺̥̮̮̫͖͍̼̰̭̤̲͔̩̯̣͖̻͇̞̳̬͉̣̖̥̣͓̤͔̪̙͎̰̬͚̣̭̞̬͎̼͉͓̮͙͕̗̦̞̥̮̘̻͎̭̼͚͎͈͇̥̗͖̫̮̤̦͙̭͎̝͖̣̰̱̩͎̩͎̘͇̟̠̱̬͈̗͍̦̘̱̰̤̱̘̫̫̮̥͕͉̥̜̯͖̖͍̮̼̲͓̤̮͈̤͓̭̝̟̲̲̳̟̠͉̙̻͕͙̞͔̖͈̱̞͓͔̬̮͎̙̭͎̩̟̖͚̆͐̅͆̿͐̄̓̀̇̂̊̃̂̄̊̀͐̍̌̅͌̆͊̆̓́̄́̃̆͗͊́̓̀͑͐̐̇͐̍́̓̈́̓̑̈̈́̽͂́̑͒͐͋̊͊̇̇̆̑̃̈́̎͛̎̓͊͛̐̾́̀͌̐̈́͛̃̂̈̿̽̇̋̍͒̍͗̈͘̚̚͘̚͘͘͜͜͜͜͜͜͠͠͝͝ͅͅͅ☻♥■∞{╚mYÄÜXτ╕○\╚Θº£¥ΘBM@Q05♠{{↨↨▬§¶‼↕◄►☼1♦  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10 minutes ago, Radium_Angel said:

Jesus wept.

Just what we need, more scalpers....

Makes me glad I jumped on my 1 TB NVME drive a couple weeks ago. 

My eyes see the past…

My camera lens sees the present…

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Oh for the love of... This is getting even more ridiculous.

CPU: AMD Ryzen 3700x / GPU: Asus Radeon RX 6750XT OC 12GB / RAM: Corsair Vengeance LPX 2x8GB DDR4-3200
MOBO: MSI B450m Gaming Plus / NVME: Corsair MP510 240GB / Case: TT Core v21 / PSU: Seasonic 750W / OS: Win 10 Pro

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27 minutes ago, RejZoR said:

So, what's next, soundwave cryptocurrency where we'll have shortages of soundcards and microphones? Dafaq man...

Mining that sweet coin by shouting FIRE FIRE FIRE FIRE FIRE FIRE.

 

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56 minutes ago, RorzNZ said:

Selling one Maxtor Raptor 78Gb $999.99 good deal for you 

So by that pricing scale, I have a Samsung 960 EVO 500GB for $2999.99 deal for you or will consider RTX 3090 as trade. Two can play this game now (eyeing stack of 120 to 500GB ssd's I have in a drawer - Your time has finally come).

Glad I bought my 970 EVO+ 1TB if that's the case. 

Project Gray Scale
Intel Core i7 6900k @ 4.2Ghz - Dominator 32GB DDR4 2400 CL10 - Samsung 970 EVO+ 1TB NVMe - 2 Samsung 840 EVO 1TB (Gaming and Sratch) - 2 Barracuda 2TB 
Asus x99 Deluxe - MSI Aero OC GTX 1080Ti - Seasonic 760 XP² - Mod1PC Custom Cables - EKWB CPU & GPU Blocks Nickle/Plexi - EKWB D5 PWM 
EKWB PE360 - Corsair ML120 (6)  - InWin 303- NK65 Entry Watermelon w/ Gat Laseron 70g (205g0 & Filmed) - Logitech G Pro x Superlight
Kanto YU2 - Sennheiser PC360 SE - Acer XF270HU

BUT DOES IT FOLD?! https://folding.extremeoverclocking.com/user_summary.php?s=&u=963814

 

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1 hour ago, Zodiark1593 said:

Makes me glad I jumped on my 1 TB NVME drive a couple weeks ago. 

I might be able to sell my 2TB SATA SSD that I had for like 6 years for more than I bought it back then. 😄

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Preassumes Chia will go anywhere.  There are hundreds of different cryptocoin systems.  All of them with their own special something.  Chia is only one.  The concept of “if chia does something this could happen” may be valid, but chia would have to do something first. 

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

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1 hour ago, RejZoR said:

I might be able to sell my 2TB SATA SSD that I had for like 6 years for more than I bought it back then. 😄

On a side note, should it be considered criminal to stick a drive rated for 3.5 GB/s on an m.2 slot rated at 10 gbps (which itself is an overestimation as PCI-e 2.0 x2 = 1 GB/s = 8 gbps)? 😛
 

Still noticeably faster than my SATA drive though, so whatever...

 

My eyes see the past…

My camera lens sees the present…

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I heard that mining is optimized using sas drives.  I've got 300gb hdd models starting at $1599.99, only driven to church on Sundays and not ever used for mining ;). 

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34 minutes ago, Zodiark1593 said:

On a side note, should it be considered criminal to stick a drive rated for 3.5 GB/s on an m.2 slot rated at 10 gbps (which itself is an overestimation as PCI-e 2.0 x2 = 1 GB/s = 8 gbps)? 😛
 

Still noticeably faster than my SATA drive though, so whatever...

 

I'm actually using SATA SATA drive. The cabled one. 6 years ago, it was hard enough to find 2TB SSD and there just weren't any on M.2. 1TB was the biggest M.2 back then and I wanted 2TB. It's probably going to end up being one of the oldest, longest running component in my system. Just 550MB/s, but until DirectStorage becomes a widely used standard, it's serving its purpose perfectly as I don't think many would notice a difference in gaming or even day to day use.

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2 hours ago, RejZoR said:

I'm actually using SATA SATA drive. The cabled one. 6 years ago, it was hard enough to find 2TB SSD and there just weren't any on M.2. 1TB was the biggest M.2 back then and I wanted 2TB. It's probably going to end up being one of the oldest, longest running component in my system. Just 550MB/s, but until DirectStorage becomes a widely used standard, it's serving its purpose perfectly as I don't think many would notice a difference in gaming or even day to day use.

I used a 128 GB SATA drive for a boot drive for the past six years. I was running short on space on that (RAW photos take a ton of space) and my 2 TB spinner is pretty slow to throw applications onto. My motherboard had the capability and M.2 (8 gbps) slot, and prices are fairly decent compared to when I built my system, so I went with an NVME drive. Should I build another system a couple years down the road, at least I already have a boot drive. 
 

I still use the 128 GB SSD though. I put indie games on there now. I’d planned to move that into my friend’s laptop, but apparently, she doesn’t mind the slow 5400 rpm, 7 year old laptop drive. Go figure. 

My eyes see the past…

My camera lens sees the present…

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2 minutes ago, Zodiark1593 said:

I’d planned to move that into my friend’s laptop, but apparently, she doesn’t mind the slow 5400 rpm, 7 year old laptop drive. Go figure. 

If she ever does use an SSD she'll wonder how she dealt with the slow mechanical drive. 

Phobos: AMD Ryzen 7 2700, 16GB 3000MHz DDR4, ASRock B450 Steel Legend, 8GB Nvidia GeForce RTX 2070, 2GB Nvidia GeForce GT 1030, 1TB Samsung SSD 980, 450W Corsair CXM, Corsair Carbide 175R, Windows 10 Pro

 

Polaris: Intel Xeon E5-2697 v2, 32GB 1600MHz DDR3, ASRock X79 Extreme6, 12GB Nvidia GeForce RTX 3080, 6GB Nvidia GeForce GTX 1660 Ti, 1TB Crucial MX500, 750W Corsair RM750, Antec SX635, Windows 10 Pro

 

Pluto: Intel Core i7-2600, 32GB 1600MHz DDR3, ASUS P8Z68-V, 4GB XFX AMD Radeon RX 570, 8GB ASUS AMD Radeon RX 570, 1TB Samsung 860 EVO, 3TB Seagate BarraCuda, 750W EVGA BQ, Fractal Design Focus G, Windows 10 Pro for Workstations

 

York (NAS): Intel Core i5-2400, 16GB 1600MHz DDR3, HP Compaq OEM, 240GB Kingston V300 (boot), 3x2TB Seagate BarraCuda, 320W HP PSU, HP Compaq 6200 Pro, TrueNAS CORE (12.0)

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