Be careful, crypto-mining SSDs are on the way in which now, too

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Shopping for an new SSD may very well be about to turn into as tough as shopping for a brand new, next-gen graphics card within the coming months because of the rise of a brand new cryptocurrency generally known as Chia. In accordance with a brand new report from HKEPC (thanks Hexus), storage costs in Hong Kong have soared in latest days as miners snap up excessive capability drives in anticipation of Chia being the subsequent huge factor, inflicting a number of fashions to exit of inventory. Now, producers in China have confirmed they’re beginning to produce devoted cryptocurrency mining SSDs to assist deal with the rising demand.

Developed by the founding father of BitTorrent Bram Cohen, Chia units itself aside from different cryptocurrencies corresponding to Bitcoin by relying way more closely on having a quick SSD than a high-powered graphics card. From what we perceive over on Chia’s web site, it is constructed round having a number of free house in your PC, and the excessive variety of learn and write operations it is anticipated to carry out additionally favours SSDs with excessive endurance rankings.

You’ll be able to’t really commerce Chia simply but, however the HKEPC report states that SSDs and onerous disk drives are already briefly provide in Hong Kong, and plenty of 4-18TB fashions have already gone out of inventory. Costs have elevated by a median of HK$200-HK$600 in only a few days, too, which for context works out to be round £20-60 within the UK.

As SSD provides proceed to dry up, Chinese language producer Jiahe Jinwei have now introduced they’re beginning to make a brand new suite of devoted cryptocurrency mining SSDs to deal with the present demand. It appears like they’re going to be primarily focused at Chia miners, so could miss the patron retail market altogether, however the firm have already warned that it might immediate a brand new rush on SSDs extra typically as Chia turns into extra in style. As such, we may very well be in for an additional nice graphics card-sized scarcity of our beloved SSDs quickly, and costs for the greatest SSDs for gaming might begin to rise all around the world in consequence.

Graphics playing cards have been in desperately brief provide ever because the finish of final yr, affected by a double-whammy of producing delays associated to Covid-19 and one other surge in cryptocurrency mining, making it nigh on not possible for normal folks like us to pay money for new {hardware} corresponding to Nvidia’s new RTX 30-series GPUs and AMD’s Radeon RX 6000 playing cards.

Certainly, Nvidia’s CFO Colette Kress just lately warned traders that they “anticipate demand to proceed to exceed provide for a lot of this yr,” suggesting the present graphics card scenario could not resolve itself till someday in 2022. That is a very long time to attend for these attempting to improve their PC proper now, and can in all probability lead to many merely skipping this era of {hardware} altogether. This is hope the evolving SSD panorama does not get fairly that dangerous over the approaching months, however in case you’ve been pondering in any respect about shopping for a brand new SSD in latest weeks, I might advise getting one sooner moderately than later.



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