Seagate and Western Digital increase HDD production as Chia sends sales skyrocketing
Despite the crypto's 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 allocating their unused disk space. It's already led to a 500% increase in Adata SSD sales and warr...
Source: techspot.com