Connect with us

Blockchain

Up-and-Coming Cryptocurrency Chia Blamed for SSD/HDD Shortages

Published

4 years ago

on

In 2017, Bram Cohen, author of the BitTorrent protocol, founded the Chia Network and developed Chia (XCH) as a potential rival to Bitcoin (BTC). Although hardly considered among the top cryptocurrencies of 2020, Chia has been making waves in recent months. The platform was valued at $500 million in a recent investment round and will reportedly aim for an IPO before the end of the year. David Fraze, a managing partner at Richmond Global, likened Chia to “what Bitcoin would look like if it was designed with knowledge from the last 13 years.”

Prior to its launch in May 2021, countries like China, Taiwan, and Vietnam reportedly experienced shortages of hard disk drives (HDDs) and solid-state drives (SSDs), with producers like Seagate working hard to adjust to market demand. This is because Chia aimed to replace the energy-intensive system of Bitcoin by instead requiring miners to devote hard drive space to generating and storing data. This means that Chia miners must find ways to build PCs with enough hard drive space to earn the most, as rewards are given out to those with the most space used up. As more drives are built into circuit boards and circuits become more complex, PCB grounding design becomes a problem. Mixed-signal integrated circuits, with both digital and analog ports, compound problems. As such, Chia miners opt for large-capacity drives – and NVMe drives, in particular – to be able to support the mining process.

The price for these types of drives has reportedly gone up in the past week, particularly as some SSDs can only be used a certain number of times for mining Chia before they inevitably break. David Gerard, author of Libra Shrugged, explains that, “Instead of just wasting electricity, Chia chews through SSDs at a fantastic rate, and also has thoroughly wrecked the market for big HDs.” This could potentially cause not just an extended shortage of hard drives, but also an increase in the amount of electronic waste generated by the mining community. Aggelos Kiayias of the University of Edinburgh emphasizes that it’s important to analyze whether the benefits of these new cryptocurrency technologies justify the massive resources they consume. “Given the current numbers, being merely less resource hungry compared to bitcoin is a rather low bar as far as ‘green’ technology is concerned,” he says.

Of course, other cryptocurrencies have also had similar effects on hardware markets. Bitcoin has notoriously been implicated in blackouts in Iran. As a result, the Iranian government has banned the resource-draining process until at least late September. Mining Ethereum (ETH) also caused huge shortages in high-end graphics cards, causing Nvidia to release products with restrictions preventing them from being used for mining. As cryptocurrencies gain more traction, demand for the tools needed to mine them grows.

Cohen has discouraged the use of consumer hardware to mine Chia, but the platform’s own website says that it can be done by “anyone with a mobile phone [or] laptop”, encouraging many more speculators to attempt to jump on board before the currency sees increased demand.

Related Topics:

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

Continue Reading

Blockchain

Trivolve Tech and Quixy Launch Forensic Management System (FMS) on Cardano Mainnet

Published

2 days ago

on

October 18, 2025

By

Trivolve Tech, a blockchain and AI product studio, in collaboration with Quixy, a leading no-code/low-code enterprise platform, has officially launched its Forensic Management System (FMS) on the Cardano Mainnet. This marks a historic milestone in digital governance as the partnership brings blockchain-backed transparency, scalability, and security to forensic evidence management for state governments in India.

Transforming Forensic Evidence Management

The newly launched FMS is already operational and has successfully processed 1,000+ transactions within the first 3 days of going live. Designed to address longstanding issues in forensic evidence handling, the system leverages Cardano blockchain technology to ensure that every piece of forensic evidence is immutably recorded, tamper-proof, and fully auditable.

With Uttar Pradesh as the pilot state and handling over one million forensic cases annually, the system aims to strengthen forensic processes and enhance the credibility of evidence in court proceedings.

Trivolve Tech CEO Rahul Konudula remarked:
“FMS is expected to process at least 10,000+ transactions within its first month on the Cardano Mainnet, highlighting both the scale and efficiency of the solution. With growing adoption, this platform may soon become the de facto national standard for secure forensic evidence handling, redefining trust in law enforcement and judiciary processes.”

About Quixy

Quixy is India’s leading no-code/low-code platform, empowering enterprises to automate workflows and build applications without coding. With over 200,000 users and 26,000 apps deployed, Quixy has become a key player in digital transformation across industries, including defence and law enforcement.

About Trivolve Tech

Trivolve Tech is a product development studio specializing in Blockchain and AI solutions. With a focus on government and enterprise innovation, Trivolve helps organizations adopt blockchain for security, transparency, and growth, while pioneering real-world asset tokenization.

🔗 Learn more:
Quixy | Trivolve Tech

Continue Reading

Blockchain

$nftXc Announces Fair Launch on PinkSale — A New Era of Transparency and Utility in Web3

Published

4 days ago

on

October 16, 2025

By

The $nftXc ecosystem—powered by NFT-TradingCards.biz and DigitalCollectables.biz—introduces a community-driven token model built on fairness, real-world utility, and decentralized governance.

NFT Trading Cards, LLC today announced the upcoming $nftXc Fair Launch, set for November 11 – 14, 2025 on PinkSale, one of the industry’s most trusted decentralized launchpads. The $nftXc token introduces a transparent, community-first model that prioritizes fairness, accessibility, and real blockchain utility across an expanding digital ecosystem.

Built to power platforms such as NFT-TradingCards.biz (a marketplace for athletes, musicians, and influencers) and DigitalCollectables.biz (an education and media hub for Web3), $nftXc will function as both a utility and governance token—rewarding holders, enabling marketplace payments, and giving the community a voice in the project’s future.

“Fair launches represent what crypto was meant to be—open access for everyone,” said Steve Steinberger, Founder and CEO of NFT Trading Cards. “With $nftXc, we’re proving that innovation and integrity can coexist in the same ecosystem.”

The Fair Launch will open globally to investors using ETH, with no presale, no private allocations, and no insiders—just equal opportunity for all.

Learn more at: https://nftxc.biz
Join the community: @NFTcardsNIL

Continue Reading

Blockchain

MICROXPAY LAUNCHES THE WORLD’S FASTEST GLOBAL XRP PAYMENT PLATFORM

Published

6 days ago

on

October 15, 2025

By

Accept Crypto Payments in 5 Minutes with No Complexity, No Custody, and a Simple 1 Percent Flat Fee

AUSTIN,TEXAS,October13,2025— Microxpay has officially launched, bringing the power of instant global XRP payments to the world. In just five minutes, any business, creator, or developer can start accepting XRP payments without intermediaries or technical barriers.

Microxpay combines instant settlement, noncustodial architecture, and a flat 1 percent fee with built-in auto burn technology. The result is a payment experience that is fast, secure, and completely decentralized.

THE FIRST XRP PAYMENT TOOL THAT DOES IT ALL

Microxpay is the only XRP payment platform that offers:

  • Instant global settlement so funds arrive in seconds
  • Auto burn technology that strengthens the XRP ecosystem with every transaction
  • Noncustodial transfers so users retain full control of their assets
  • A single transparent 1 percent flat fee
  • A simple setup process that takes less than five minutes

Businesses can now move beyond outdated banking systems and slow payment processors. With Microxpay, there are no waiting periods, no frozen funds, and no complex integrations.

BUILT FOR THE NEXT WAVE OF GLOBAL COMMERCE

Microxpay empowers anyone to send and receive value instantly across borders.

Perfect for:

  • Online stores expanding into international markets
  • Content creators earning from global audiences
  • Subscription platforms managing worldwide billing
  • Developers building Web3 applications and digital economies

Microxpay connects directly to the XRP Ledger for real-time settlement, ensuring transactions are completed instantly with full transparency.

A NEW STANDARD FOR SPEED, SECURITY, AND SIMPLICITY

Microxpay runs on the XRP network, one of the fastest and most efficient blockchain systems in existence. Payments settle globally within seconds, with no custody risk and no third-party interference.

The built-in auto burn feature permanently removes a small portion of XRP from circulation with every transaction, creating a deflationary effect that strengthens the network and rewards

long-term holders.

STATEMENT FROM THE FOUNDER

“Microxpay was created to make crypto payments truly instant and truly global,” said John Cronin, Founder and CEO of Microxpay. “We wanted to eliminate the friction that keeps people from adopting digital payments. Now anyone can start accepting XRP in minutes and receive value instantly, anywhere in the world.”

FAST PAYMENTS. GLOBAL FREEDOM. COMPLETE CONTROL.

Microxpay marks the beginning of a new era in financial transactions. It gives individuals and businesses the freedom to accept crypto payments worldwide without ever giving up control.

Start accepting XRP payments in five minutes at https://microxpay.com.

ABOUT MICROXPAY

Microxpay is a payment technology company built on the XRP Ledger. It delivers instant global transactions through noncustodial design, transparent pricing, and automatic token burn.

Microxpay enables merchants, developers, and creators to accept crypto payments easily and securely, transforming the way money moves across borders.

For more information, visit https://microxpay.com

Continue Reading

Trending