Getting Ready! Hard Drives Will Become Rare Items Due To Crypto Money

Ilustrasi (Photo by Nick van der Ende on Unsplash)

JAKARTA - Crypto currency mining activities or mining are reportedly one of the causes of the scarcity of graphics card (GPU) supplies. In addition, crypto mining is also predicted to make hard drives (HDD / SSD) scarce on the market.

If GPUs and hard drives become scarce, the price will be even more expensive. The scarcity of computing devices is due to the proliferation of cryptocurrency mining activities.

The reason is, to mine crypto money one must use a gaming graphics card that is considered qualified for mining. In addition, what makes hard drives rare is because they are used to store crypto money.

Bram Cohen, as the developer of cryptocurrency Chia, revealed that users can fill a portion of the hard disk storage space. So, users who have a 1 TB SSD external memory can allocate as much as 500 GB by using special software to accommodate Chia.

The allocated storage space cannot be used to store user-owned files such as photos, videos and so on while Chia mining is in progress. However, if Chia mining is complete, then the user can re-use the memory space.

It is reported that Chia mining does not require large electrical power and is considered environmentally friendly. It is also said that Chia crypto money mining does not need to use a GPU like other crypto asset mining activities.

To date, Chia itself has not been widely traded. However, some users already intend to buy up hard drives because they are worried that the emergence of Chia crypto money will make HDD / SSD hard drives become scarce.

Launched Tech Radar, in fact, this hard drive scarcity is ongoing in Hong Kong. There, storage with storage capacities of 4 TB and 8 TB has jumped rapidly in the last few days. It is feared that this incident will make the hard drive the same as the GPU.

Local media, the HKEPC estimates that the increase in the price of the hard drive could reach around 200 Hong Kong dollars or the equivalent of Rp. 370,000 to 600 Hong Kong dollars, which is equivalent to Rp1, 1 million).

One hard drive manufacturer from China, Jiahe Jinwei, revealed that NVMe SSDs with a capacity of 1 TB and 2 TB have been sold out. Jinwei also intends to prevent cryptominers or crypto miners from buying up hard drive components intended for general consumers.

Jinwei finally made an SSD specifically designed for cryptominers. This is almost similar to Nvidia which makes a crypto mining processor called CMP for miners.