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Seagate and Western Digital increase HDD production as Chia sends sales skyrocketing

Despite the cryptos falling price on June 10, 2021, 6:55 TL;DR: Cryptocurrency Chia has caused demand for hard disk drives to skyrocket in Europe. As many feared when it launched, this has resulted in shortages and increasing prices, forcing Seagate and Western Digital to ramp up production of their HDDs. The Chia blockchain uses a "proof of space and time" model instead of "proof of work" (Bitcoin) or "proof of stake" (Etherium 2.0), meaning people can farm the crypto by ...
Bob Eulau Gianluca Romano Gurvan Meyer Cryptocurrency Chia Western Digital Estern Digital

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