SSDs and hard drives could get as rare as GPUs, ahead of new cryptocurrency launch

While you’ve been unable to purchase the most effective graphics playing cards at MSRP for what looks like an eternity partly due to the crypto mining increase, it appears to be like like storage could be the subsequent part to undergo from inventory points affecting every little thing from routers to RAM.

A new cryptocurrency named Chia, which is mined by way of storage fairly than GPUs, will start buying and selling subsequent month, and it could see the costs of {hardware} like the most effective SSDs for gaming and hard drives enhance within the close to future. We’re already seeing this in China, in response to a report from Time Finance. The advantages from mining the forex are proportional to the capability of the storage system itself, so it’s primarily bigger capability hard drives being affected.

HDDs with capacities above 6TB are reportedly already out of inventory on two of China’s greatest {hardware} retailers, and the place drives are in inventory, costs are considerably inflated. One vendor beforehand listed its 6TB WD enterprise hard disks at 820CN¥ ($125), however this has almost doubled to 1450CN¥ ($222).

As SSDs typically supply much less capability for more cash, their costs in China haven’t been affected to the identical diploma, apparently growing by round 100CN¥ to 200CN¥ ($15-30).

Only time will inform whether or not this new cryptocurrency will have an effect on storage costs in the long run. Chia will begin buying and selling on May 3, after which level we might get a clearer concept of which manner the pricing could go.

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