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

https://www.tomshardware.com/news/hard-drive-ssd-shortages-imminent-if-new-cryptocurrency-blooms

by hanklazard • 5 years ago

1 2 5 years ago

hanklazard• 5 years ago

I'm really hoping this doesn't gain momentum. It's difficult to imagine how artificially increasing the demand for hard drives could be a net benefit for the world.

tromp• 5 years ago

There's little performance advantage to SSDs over hard-disks since the proof of space only requires a few blocks to be read every (on avg) 5 minutes. This leaves them unable to compete against the much cheaper hard-disks. Furthermore, the ROI on hard-disks bought just to mine this may be decades as there is already a glut of unused hard disk space. So there's no hard disk shortage to be expected.

As downsides to chia I see

1) the huge premine.

2) the large complexity of the proof of time + proof of space system.

3) the fact that the mining chain cannot commit to the tx history (instead the miner's private key signs for a block of txs as belonging to the mined header)

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

Related Stories