What is Chia cryptocurrency — and why is it bad news for hard drives?

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A new cryptocurrency called Chia could eliminate some of mining’s biggest problems, while creating a new one in the process.

The Chia Network, which was founded by BitTorrent creator Bram Cohen, runs on the principle of using storage space to mine coins, rather than relying on energy-hungry mining rigs powered by graphics cards and ASIC miners. But there’s a catch — and it’s not good news for hard drives and SSDs.

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