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21 June 2021

Chia Farmers Are Snapping Up Hard Drives in Europe: Report - Decrypt

Chia Farmers Are Snapping Up Hard Drives in Europe: Report - Decrypt


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The global spike in computer storage sales has been attributed to demand caused by Chia, a new cryptocurrency that claims to be more environmentally friendly than Bitcoin.

Chia's launch has prompted a surge in demand for the computer storage required to farm the cryptocurrency, leading to shortages of hard drives in Southeast Asia ahead of its launch—and causing hard drive manufacturers'stock prices to spike.

Although Chia creator Bram Cohen has dismissed the claim as "fashionable fud," German cloud service provider Hetzner hasbanned crypto miningon its servers on the grounds that Chia farming could lead to premature breakdowns of its storage drives

If Chia farmingdoescause computer storage to wear out at increased rates (and sparks increased demand for hard drives, leading to more being manufactured), that could negatively impact the growing problem ofe-waste. 

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