In brief: As if the GPU/CPU shortage wasn't enough of a headache for PC owners, it appears concerns that Chia mining would impact the storage industry were warranted. According to a new report, Adata has seen its solid-state drive orders increase 500% this month, with large-capacity SSDs experiencing exceptionally high demand.

 
The Chia blockchain uses a 'proof of space and time' model instead of 'proof of work' (Bitcoin) or 'proof of stake' (Etherium 2.0). People can mine or farm the crypto by allocating their unused disk space, along with a time factor tied in for increasing the blockchain's overall security.
Chia isn't tradeable until May 3, but there's already been a surge in demand for large capacity hard drives and SSDs in China. DigiTimes reports that orders for Adata's high-capacity SSDs have risen 400% to 500% in April compared to the previous month
 
Earlier this month, Jiahe Jinwei, China's fourth-largest memory manufacturer, said all its Gloway and Asgard-branded 1TB and 2TB NVMe SSDs were sold out.
We're hearing more reports that demand for drives is starting to expand outside of Asia. Given that component shortages are increasing the price of SSD controllers, Chia mining could exacerbate the problems of low drive availability and high prices.
 
https://www.techspot.com/...00-jump-adata-ssd.html

Gotta pump up a new Ponzi / pyramid scheme 

Bro get me off this ride. This is going to start to affect a lot of different areas I fear.

Chia coin is a crypto coin that is POST
https://www.chia.net/faq/
 
POW - proof or work - so lots of computation - GPU INTENSIVE
POS  - proof of stake - less computation - mostly algorithm Generated - cpu - ie server node
POTS/POST-  proof of time and space - requiring lots of storage space and the time to read and store it - ie HDD and SSD intensive
 
https://golden.com/wiki/Proof-of-spacetime_(PoSt)
 
Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space. In order to be used as a consensus method, Proof of Space must be tied to Proof of Time. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain.
 
 
 
 

no,,, chia coin is real and goes live next month
all the stuff up to this point was testing and prestartup
 
https://www.chia.net/ 
On February 9th we released our Business Whitepaper and mainnet launched for farming rewards on Friday March 19, 2021. Transactions will be enabled on May 3, 2021 around 10AM PDT. You may also be interested in our new consensus working document which was implemented first in Beta 19 on January 12, 2021.

This has been in the tech news for a couple of weeks... it's crazy that we now have another shortage to worry about

I hope this crypto fails. We don't need another consumer part shortage.
 
More specifically, I don't want one because I still haven't brought my NVMes yet.

HDD/SSD mining is a little terrifying. SSDs with their limited writes (and probably a lot of consumers not aware of this) and a higher likelihood of consumer HDDs failing with constant use...
 
I'm doing a little ether mining now when my rig isn't being used for gaming, but I don't want to kill the lifespan of my drives too. No thanks!

Chia Networks Launches ‘chia’ – An Energy Efficient Bitcoin Alternative
 
https://wccftech.com/chia...t-bitcoin-alternative/
 
 
official launch today

Pretty interesting seeing videos of some chia rigs. A few are just rows and rows of external HDD's plugged into USB hubs.