Chia Crypto Could Be A Greener Cryptocurrency

Share post:

Chia crypto is one of the recently launched cryptocurrencies that many consider “green,” because Chia Mining is based on the amount of hard disk space

Bitcoin and other cryptocurrencies are primarily based on computing power.

While Chia relies on disk space, it should be noted that it has attracted a lot of miners who have tried everything they can in an effort to earn more from mining.

Faced with high demand and limited supply, inventory prices soon rose as storage space became scarce.

Another aspect of the Chia cryptocurrency is that it wears out consumer-friendly SSDs during the plot creation process, forcing storage device providers to change their warranty and refund policies.

For more information, read the original story in ZDNet

SUBSCRIBE NOW

Related articles

Resignations at OpenAI. Hashtag Trending for Friday, May 17, 2024

The question changes from “where’s Ilya” to what took so long?  Did Musk’s Neuralink team know there might...

Google does the unthinkable – reportedly erasing a 125 billion dollar pension fund

It's reported that Google inadvertently erased the Google Cloud account of UniSuper, an Australian pension fund valued at...

MIT students exploit blockchain vulnerability to steal 25 million dollars

Two MIT students have been implicated in a highly sophisticated cryptocurrency heist, where they reportedly exploited a vulnerability...

iOS update brings back photos users thought were permanently deleted

After a recent iOS update, a number of iPhone users have found themselves facing unexpected blasts from the...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways