Chia network not so green? CPU mining reportedly destroys SSD in weeks

Chia network not so green? CPU mining reportedly destroys SSD in weeks

Chia Network, which emerged onto the cryptocurrency scene with the promise of cleaning up the environmental mess left by Bitcoin (BTC) miners, may not be as green as it seems.

Unlike Bitcoin, Ethereum and others, Chia Network mines coins using an alternative to the energy-intensive proof-of-work. CHIA coins are produced using only hard drive storage and mining them doesn’t require specialized ASIC hardware or GPUs.

Our top trading bots

But reports coming out of China suggest that saving the environment isn’t as easy as it sounds when it comes to crypto. According to local outlet Fast Technology, the shelf-life of a standard 512GB SSD would be worn out after just 40 days of continuous CHIA mining, based on a data write volume of 256 terabytes in that time period.

A 1TB hard drive would last around 80 days, while a 2TB hard drive would be expected to last around 160 days. Under normal conditions, such pieces of hardware would be expected to last the average customer around a decade.

Once a hard drive exceeds a certain data write volume, its consumer warranty protections become null and void. Hard drives typically ship with anywhere from three- to five-year warranties, yet CHIA mining could invalidate such warranties in just over a month.

Fast Technology reported that hard drive manufacturers have begun rewriting the terms of their warranty agreements to reflect the reality of their components being used in CHIA mining. When CHIA commenced trading in early May, Chinese retailers suffered a shortage of hard drives, which eventually pushed the cost of high-capacity drives (16TB) up to 6,000 yuan ($933).

Keep reading with Cointelegraph
Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base from which to create a cheaper, faster and more...
OpenSea updates banned countries list sparking decentralization debate
U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh...
These tokens saw the biggest trading volume pumps last week. How could traders benefit?
An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in...
a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st
Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could...
University accepts Bitcoin donations to fund crypto-related activities
Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the...
Happy Birthday, Bitcoin! Industry players share a few words
To celebrate the Bitcoin network's 13th anniversary, Cointelegraph gathered birthday messages from industry players to mark the occasion. Following a hash...
Slim Shady buys Bored Ape ‘EminApe’ NFT for $460K
Marshall Mathers III, better known as Eminem, joined the “Bored Ape Yacht Club” (BAYC) by purchasing one of the nonfungible token (NFT) Bored Apes for $462,000...
Japanese financial regulator considers imposing stricter crypto rules
Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an...
Mastercard adds 6 blockchain payments startups to accelerator program
Mastercard Start Path, an accelerator program for fintech startups, has welcomed six new companies innovating in the field of blockchain-based payments.Asante...
A $1 billion crypto fund could be on its way from Andreessen Horowitz
Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from...
Mass adoption looms as South America's second-largest company accepts crypto payments
On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although...
Revealed: Top 4 user complaints about Signal's new crypto payments beta
Privacy-focused messenger app Signal has posted early user feedback from the UK-based beta launch of its payments integration with Mobilecoin’s MOB token....
Ripple wins access to SEC discussions on defining crypto assets as securities
Ripple Labs has been granted access to U.S. Securities and Exchange Commission documents “expressing the agency’s interpretation or views” on the subject...
99.98% less power: Lighthouse’s first Ethereum and Eth2 merge transaction
Blockchain security provider Sigma Prime has announced its first merge transaction between the two Ethereum networks.The transaction was made by its Lighthouse...
700 Households in Germany Benefit from Ethereum Energy Project
Cheaper energy due to the unaltered ledger is real. Lition, an Ethereum-based project, supplies 12 largest German cities with energy at a lower cost by...