Chinese coin miners flock to new cryptocurrency Chia resulting in hard drive shortages and price surges

Source: South China Morning PostGamers have been complaining for a long time about higher prices for graphics cards due to demand from people who mine cryptocurrencies such as bitcoin and ethereum but now a new cryptocurrency that can be mined using hard drive storage space is putting a similar chokehold on supplies of this critical PC component.Unlike bitcoin, which requires massive amounts of processing power and electricity, the blockchain and transaction platform of Chia – a cryptocurrency created by Bram Cohen who is…Read More

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