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Chia Network (Chia Network) appeared in the field of cryptocurrency, its promise is to eliminate Bitcoin (Bitcoin) Miner, maybe not as green as it looks.
Unlike Bitcoin, Ethereum, etc., Chia Network mining coins Use alternative energy-intensive proof-of-work methods. CHIA coins are produced using only hard drives and can be mined without special ASIC hardware. GPU.
But reports from China indicate that protecting the environment is not as easy as encryption technology sounds.According to the local Fast Technology company, the shelf life of a standard 512GB SSD is Worn out After 40 consecutive days of CHIA mining, according to the 256 TB data written in this time period.
A 1TB hard drive will last about 80 days, while a 2TB hard drive will last about 160 days. Under normal circumstances, such hardware is expected to last for ordinary customers for about ten years.
Once the hard drive exceeds a certain amount of data written, its consumer warranty protection will be invalidated. Hard drives usually come with a three- to five-year warranty, but CHIA Mining may invalidate such warranty in more than a month.
Fast Technology reports that hard drive manufacturers have begun to rewrite the terms of their warranty agreements to reflect the actual conditions of the components they use in CHIA mining. When CHIA started trading in early May, Chinese retailers encountered a shortage of hard drives, which eventually pushed the price of large-capacity drives (16TB) to 6,000 yuan ($933).
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