Chia network not so green? CPU mining reportedly destroys SSD in weeks


Chia Network, which emerged onto the cryptocurrency scene with the promise of cleaning up the environmental mess left by Bitcoin (BTC) miners, may not be as green as it seems. Unlike Bitcoin, Ethereum and others, Chia Network mines coins using an alternative to the energy-intensive proof-of-work. CHIA coins are produced using only hard drive storage and mining them doesn’t require specialized ASIC hardware or GPUs. But reports coming out of China suggest that saving the environment isn’t as easy as it sounds when it comes to crypto. According to local outlet Fast Technology, the shelf-life of a standard 512GB SSD would be worn out after just 40 days of continuous CHIA mining, based on a data write volume of 256 terabytes in that time period. A 1TB hard drive would last around 80 days, while a 2TB hard drive would be expected to last around 160 days. Under normal conditions, such pieces of hardware would be expected to last the average customer around a decade.Once a hard drive exceeds a certain data write volume, its consumer warranty protections become null and void. Hard drives typically ship with anywhere from three- to five-year warranties, yet CHIA mining could invalidate such warranties in just over a month.Fast Technology reported that hard drive manufacturers have begun rewriting the terms of their warranty agreements to reflect the reality of their components being used in CHIA mining. When CHIA commenced trading in early May, Chinese retailers suffered a shortage of hard drives, which eventually pushed the cost of high-capacity drives (16TB) up to 6,000 yuan ($933).

Avatar

Related Articles

- Advertisement -

Latest Articles

bitcoin
Bitcoin (BTC) $ 26,932.22
ethereum
Ethereum (ETH) $ 1,882.29
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 278.74
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.536900
staked-ether
Lido Staked Ether (STETH) $ 1,880.83
cardano
Cardano (ADA) $ 0.346014
dogecoin
Dogecoin (DOGE) $ 0.069913
solana
Solana (SOL) $ 20.19
matic-network
Polygon (MATIC) $ 0.809477
tron
TRON (TRX) $ 0.077244
litecoin
Litecoin (LTC) $ 91.08
polkadot
Polkadot (DOT) $ 5.19
avalanche-2
Avalanche (AVAX) $ 14.59
binance-usd
Binance USD (BUSD) $ 0.999665
shiba-inu
Shiba Inu (SHIB) $ 0.000008
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 26,970.23
uniswap
Uniswap (UNI) $ 4.75
leo-token
LEO Token (LEO) $ 3.52
chainlink
Chainlink (LINK) $ 6.20
cosmos
Cosmos Hub (ATOM) $ 10.08
okb
OKB (OKB) $ 45.17
monero
Monero (XMR) $ 147.04
ethereum-classic
Ethereum Classic (ETC) $ 17.38
the-open-network
Toncoin (TON) $ 1.66
stellar
Stellar (XLM) $ 0.089316
bitcoin-cash
Bitcoin Cash (BCH) $ 113.92
lido-dao
Lido DAO (LDO) $ 2.38
true-usd
TrueUSD (TUSD) $ 1.00
internet-computer
Internet Computer (ICP) $ 4.37
filecoin
Filecoin (FIL) $ 4.33
quant-network
Quant (QNT) $ 115.86
aptos
Aptos (APT) $ 8.14
hedera-hashgraph
Hedera (HBAR) $ 0.049611
crypto-com-chain
Cronos (CRO) $ 0.059787
arbitrum
Arbitrum (ARB) $ 1.18
near
NEAR Protocol (NEAR) $ 1.51
vechain
VeChain (VET) $ 0.018572
apecoin
ApeCoin (APE) $ 2.99
the-graph
The Graph (GRT) $ 0.117305
paxos-standard
Pax Dollar (USDP) $ 0.999247
frax
Frax (FRAX) $ 0.999190
eos
EOS (EOS) $ 0.887676
algorand
Algorand (ALGO) $ 0.135204
the-sandbox
The Sandbox (SAND) $ 0.518575
optimism
Optimism (OP) $ 1.47
rocket-pool
Rocket Pool (RPL) $ 48.78
elrond-erd-2
MultiversX (EGLD) $ 36.35