Chia Cryptomining Causes 500% Increase In Adata High-Capacity SSD Sales

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Hard drive manufacturers aren’t the only ones profiting from the hype around Chia, an upcoming cryptocurrency that’s mined on storage devices instead of GPUs. A new report from DigiTimes reveals that Adata has seen a 500% increase in SSD orders since the start of this month, and an industry analyst firm says that the new rush on storage devices is spreading outside of Asia. This all comes while SSD prices are already on the rise due to an ongoing SSD controller shortage.

Unlike other cryptocoins like Bitcoin and Ethereum, Chia farming is based around storage space, leading to an uncontrolled demand for large hard drives and SSDs. The cryptocurrency isn’t tradeable until May 3, but it has already caused a surge in demand for high-capacity hard drives and SSDs in Asia.

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