Fever 'green Bitcoin' in China

Chia cryptocurrencies are virtual currency Chinese miners sought and consider "green Bitcoin" for environmentally friendly, easy to exploit.

China's social network, "Chia," is the top search keyword in common on the technology forum. Each article related to electronic money is attracting hundreds of thousand of comments.

 

According to calculations by Wccftech, which had a total of 30,000 hard drives with a storage capacity of 260 Petabyte general (260,000 Terabytes) is active, the average daily addition of about 500 new hard drives network participation exploitation Chia. Some Chinese companies have started producing SSD dedicated to training this currency.

 

Chia coin was founded by Bram Cohen - who created BitTorrent - protocol resource sharing on peer networks, which allows the download of extensive data without costly server and network bandwidth. His original goal was to generate cryptocurrencies with less energy and emit more heat when Bitcoin mining or Ethereum.

 

Unlike cryptocurrencies using GPU to solve algorithms, Chia is mined based on consensus - Proof of Space and Time (POST). The post will take advantage of free space on the hard drive to run the read / write the new block in the chain blockchain. Available storage devices more and more, the miners get about as many bonuses.

 

Understand a simple way, Bitcoin, Ethereum is exploited by the graphics card, and Hard drives mine chia. The hard drive will operate at power consumption limited heat emitted than graphics, so Chia is limited to playing electronic money called "green Bitcoin."

 

Although not yet widely recognized, the appearance of Split in the community, this time playing electronic money, received enthusiasm. In the context of "thirst" graphics cards no sign of stopping the transfer of mining tools from the GPU to the complex drive support.

 

However, some users worry Chia can create a new craze when the diggers start scouring the place to buy a hard drive. The large-capacity hard drives from 4 to 18 TB are already sold out on the market. In China and Hong Kong, the price of hard drives has soared more than 300% compared to weekdays.

 

Chia's virtual currency craze spread out of the Chinese territory; some miners began installing staging Chia excavators. Articles related to these virtual coins appear on both investment opportunities and exploited groups of electronic money.

If you are interested in Chia coins, you can track the installation guide here How To Farm Chia - Hard Drive Mining Guide and choose your best HDD for chia mining.

 

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