Hughes’ family has a tradition of breeding for generations. Now, he uses the farm to mine cryptocurrencies with a set of “buffalo plows” that use renewable energy from cow dung. Mining coins with renewable energy With six cylinder engines at 500 rpm, Hughes’ anaerobic digestion system can turn the methane that produces cow dung into electricity. BBC said. Under hypoxic conditions, microorganisms will eat hydrogen and carbon dioxide in cow dung and release methane gas, which can be burned to generate heat. The residue left after the anaerobic stage will be used as fertilizer. Philip Hughes’ farm (left) uses cow dung to produce renewable energy, feed livestock, and mine Ethereum. Photo: Crypto Hunter. According to Hughes, about two-thirds of the electricity generated from the anaerobic digester powers the nearby cattle ranch and caravan park. The rest of the energy is used for “buffalo plow” platforms to mine Ethereum. Hughes said Ethereum mining returns are good, but “depends on the date the question is asked,” referring to the cryptocurrency’s unpredictable price movements. Since May, the value of Ethereum has dropped from more than $4,000 to around $2,500, according to data from . CoinDesk on the evening of 10/6. Is mining with green energy possible? Not only digging Ethereum at the farm, Hughes also came up with the idea of ​​​​renting a “buffalo plow”. Josh Riddett, a representative of Easy Crypto Hunter miner provider, said that the cost to pay is about $ 25,400 for each “buffalo plow” set consisting of many computer graphics cards with strong configuration. According to Riddett, Easy Crypto Hunter’s mining rigs have been installed in 42 different locations. They use energy forms such as solar, wind, hydroelectricity and stored methane from anaerobic digesters. The longevity of the “buffalo plow” platforms causes concern about e-waste. Photo: Getty Images. However, representatives of some small hydropower projects are concerned that cryptocurrency mining may have an adverse impact on the environment. Meanwhile, the hydroelectric power plant operator said that the unstable value of cryptocurrencies makes it difficult to recover capital for the project. Some people said that crooks broke in and stole the mining rig. Besides hydroelectric power, the initiative to use renewable energy (green energy) to mine cryptocurrencies is also controversial. According to the BBC , renewable energy to mine coins can be used for other purposes such as powering electric cars or heating. Financial economist Alex de Vries said that using green energy to mine coins is wasteful. “The benefits these systems offer are very limited. Bitcoin can only process up to 7 transactions per second, while payment services like Visa can process 65,000 transactions per second if needed.” Vries is also concerned that the longevity of the “buffalo plots” could make them quickly become e-waste. Using renewable energy to mine coins is considered wasteful. Photo: BTCManager. In the UK, the Association of Bioresources and Anaerobic Digestion of the country said that the number of energy plants mining cryptocurrencies is quite small. While the future of cryptocurrency is unclear, several people have expressed interest in Hughes’ mining project. This farmer is fully aware of the risks of investing in assets whose value fluctuates, sometimes with just a single tweet from Elon Musk. If the cryptocurrency market crashes, Hughes said he will use the computing power of the “buffalo” to serve other purposes, such as hiring filmmakers to render. The owner of the net shop removed the machine, digs coins and waits for the translation to end Due to the impact of the Covid-19 epidemic, Mr. Nguyen Minh Quan (Thu Duc City) had to close the net shop, remove the graphics card to dig coins, earn extra income waiting for the reopening date.

Predator Helios 300 Predator Helios 300 – Ultimate Weapon The premium gaming laptop Predator Helios 300 is the laptop that every gamer wishes to own. With an eye-catching design, the monolithic metal Helios 300 stands out from the crowd with its bold Predator design. The Predator logo with Electric Blue LED lights is the highlight on the overall black background of the machine as it is challenging all opponents in front of it. The weight of the machine is only 2.2kg, making it light for a gaming laptop but still keeping the bunker. Advanced heatsink design helps Predator Helios 300 stay cool during gaming as well as heavy tasks. This machine is equipped with two cooling fans, including the latest 5th generation AeroBladeTM 3D cooling fan with 55% higher heat dissipation efficiency than conventional fans. This fan is made up of 89 steel blade blades, only 0.08mm thin, with serrated grooves on each steel leaf to help reduce noise when operating at high intensity. Predator Helios 300 owns the highest configuration up to Nvidia GeForce RTX 3060 graphics card, Intel Core i7 10750H processor, 16GB RAM, and 512GB NVME SSD. The device will also be equipped with a 15.6-inch screen with Full-HD IPS resolution, super-fast scanning frequency up to 300Hz. With this configuration, gamers can smoothly fight all current AAA games without fear of stuttering, lag, or frame tearing. Acer Nitro 5 Acer Nitro 5 – Holding the throne in the popular segment The latest Acer Nitro 5 gaming laptop in 2021 will certainly continue to be a perfect choice in the popular gaming laptop segment. Still maintaining the inherent aggressive gaming lines, Acer Nitro 5 has upgraded the gentle texture on the A side to make the machine more elegant than the previous version. It owns a 15.6-inch Full HD IPS screen, 144Hz refresh rate and 3ms response speed for a smooth gaming experience. The laptop is equipped with a superior cooling system consisting of two fans and well-arranged copper pipes that improve heat dissipation by up to 25% compared to the previous generation. This is greatly optimized with CoolBoost technology that increases fan speed and cools CPU/GPU by 9%. All can be fine-tuned through the NitroSense software that comes with the device. The new Acer Nitro 5 comes with the highest GPU up to Nvidia GeForce RTX 3070, 11th Gen Intel Core processor or AMD Ryzen 5000 series. The machine is equipped with up to 512 GB SSD M.2 PCle (upgradable up to 2TB SSD with 2 M.2 SSD slots and 2 TB HDD) and 8 GB RAM (upgradable up to 32 GB DDR4 3200MHz RAM) ). Acer Swift X Acer Swift X – Thin and delicate, great performance Acer Swift X laptop is known as a thin and light laptop with hidden power inside. Acer Swift X is equipped with the latest Nvidia GeForce RTX 30 Series GPU, allowing the thin and light laptop to have extremely powerful graphics processing and rendering performance. Acer Swift X has a case design made from high-grade monolithic alloy, combined with a youthful and equally luxurious Safari Gold color. The device has an ultra-light weight of only 1.4kg, and is 17.9mm thin. Swift X owns an ultra-thin bezel-less screen of only 6.3mm, giving an extremely spacious working space and experience. The device has a huge battery life of up to 11 hours continuously, supports FastCharging fast charging technology that allows fast charging within 30 minutes for continuous use for 4 hours. Special warranty for high-end Acer products All Acer gaming laptops and Swift Series are entitled to 3S1 fast warranty: fast warranty, within 3 days including Saturday and Sunday, more than 3 days 1 to 1 exchange for products. For details on 3S1 Warranty please visit here. Retail price Predator Helios 300 using a new processor and graphics card will be officially on shelves in Vietnam with prices from VND 41,990,000 The new Acer Nitro 5 will be available in Vietnam with prices ranging from VND 28,990,000 to VND 39.990,000 Acer Swift X will be available in Vietnam with a retail price of VND 29.990,000

A series of Acer-branded laptops have just been released PHOTO: ACER According to Engadget, Acer’s upgraded ConceptD 5 laptop combines an H-series processor with an Nvidia GeForce RTX 3060 mobile GPU for ray tracing. Users can purchase them in configurations with up to 64 GB of RAM and up to 2 TB of SSD storage. They have a 16-inch 3K display with a 16:10 aspect ratio. ConceptD 5 is capable of 4K video processing, 8K editing, multi-application, multi-monitor workflows, as well as 2D and 3D software rendering programs. They come with several connectivity options like 2 USB-C ports, Thunderbolt 4 support, HDMI 2.1 and an SD card reader. Acer also gives users a choice of ConceptD 5 Pro laptops with Nvidia RTX A5000 or RTX A3000 GPUs. Since both are professional-grade graphics cards, these options will require consumers to spend more money than the non-Pro ConceptD 5 laptop. Meanwhile, the ConceptD 7 Ezel convertible laptop model has also been updated with Intel’s new 11th Gen Core i7-11800H processor and Nvidia GeForce RTX 3080 mobile GPU. It features a 15.6-inch 4K display and configurable with up to 32 GB of RAM and up to 2 TB of SSD storage. The device has a variety of usage modes thanks to Acer’s flexible hinge design and comes with a Wacom ER pen. Like the ConceptD 5, the ConceptD 7 Ezel also comes in a pro version powered by Intel’s Xeon W-11955M processor with Nvidia’s professional-grade RTX A5000 or A3000 GPU. Finally, Acer’s mid-range ConceptD 3 devices have also been upgraded with 11th Gen Intel H-series processors and Nvidia’s RTX 3050 Ti mobile GPUs. They are available in two variants, the standard ConceptD 3 and the convertible ConceptD 3 Ezel. Acer has also rolled out Pro versions of both, with Intel’s H-series processors bumped up to Core i7 options and Nvidia T1200 mobile GPUs. All ConceptD 3 models feature FHD displays, SSD storage, and Thunderbolt 4 support. ConceptD 5 will be the first member of Acer’s new product series to be released, with a starting date of July with a starting price of 2,199 EUR. Other laptop models launched by Acer this time include ConceptD 7 Ezel, ConceptD 3 and ConceptD 3 Ezel priced at EUR 2,699, EUR 1,299 and USD 1,600, respectively.

“Our innovative ConceptD series of PCs are well received by content creators around the world,” said James Lin, General Manager of Acer’s Notebook business. “We are excited to expand our offerings, working with Intel and NVIDIA to empower talented creatives with even more powerful tools that deliver efficiency, value and usefulness. for their work.” Notebook ConceptD 5 and ConceptD 5 Pro Designed for 2D and 3D workflow, the ConceptD 5 all-metal notebook (CN516-72G) combines the new 11th Gen Intel Core H-series processors and up to NVIDIA GeForce RTX 3060 graphics. The ConceptD 5 Pro (CN516-72P) model is also available, with either NVIDIA RTX A5000 or NVIDIA RTX A3000, for creators looking for best-in-class performance. The RTX A5000 graphics card empowers content creators to bring Ray Tracing and AI to the top of rendering, 8K editing and multitasking. With up to 64 GB of DDR4 3200Hz RAM and 2 TB of 4th Gen PCIe M.2 SSDs, they provide the power and storage needed to handle 4K video, multiple monitors, or 2D rendering applications, and 3D. Acer’s Vortex Flow technology, with a 3-fan layout (including one 3D AeroBlade 5th generation fan) purposefully arranged to provide additional cooling for the CPU and GPU, allowing for increased performance. when handling heavy tasks. Complementing all this power is a stunning PANTONE-certified 16-inch 3K (3072×1920) display that supports 100% of the DCI-P3 color gamut, plus Delta E < 2 color deviation. Ultra-thin bezel design, 87% screen-to-body ratio while 16:10 aspect ratio offers many benefits to professional creators. When compared to the more widely used 16:9 aspect ratio, 16:10 gives creators more screen space to watch videos or handle multiple music tracks without having to hide the whimsical taskbar. preview window size. This notebook includes a wide range of connectivity options: two USB Type-C ports with Thunderbolt 4 support, HDMI 2.1 port, SD card reader 7.0 and more. The keyboard and touchpad are designed to reduce noise as well, eliminating an additional distraction that can interfere with the user’s creative thinking circuit, and the 6-inch-wide touchpad is equipped with tempered glass. Corning Gorilla Glass also has a fingerprint sensor for added convenience and security when logging in. Notebook ConceptD 7 Ezel is adjustable The ConceptD 7 Ezel (CC715-72G) creator foldable flagship notebook has been upgraded with a new 11th generation Intel Core i7-11800H processor and up to an NVIDIA GeForce RTX 3080 laptop graphics card. ConceptD 7 Ezel Pro (CC715-72P) model is also available, up to Intel Xeon W-11955M processor and NVIDIA RTX A5000 or A3000 graphics card for creators looking for even more performance for applications and professional support. Paired with 2TB PCIe SSD and up to 32GB of DDR4 RAM, it’s the ideal choice for creators who deal with large files and use multiple applications at once. Plus, the latest model includes 2 Thunderbolt 4 ports that deliver 40 Gbps of bidirectional bandwidth, blazing-fast conversion speeds, and the ability to connect up to 5 Thunderbolt devices – all with one port. Finally, the new super-responsive Corning Gorilla Glass touchpad makes navigation smooth and incredibly easy. Another feature worth mentioning is the superb 15.6-inch 4K touchscreen display that is PANTONE certified and features 100% Adobe RGB color gamut coverage and Delta E < 2 color deviation. The display is adjustable. This is enhanced by the innovative Ezel Hinge design, which combines the familiarity and comfort of a traditional laptop with Float, Share, Pad, Stand and Display modes to help you be more productive. The laptop also includes a Wacom EMR pen, appreciated by artists who rely on the precision of a digital pen for sketching, animating, and 3D modeling. Notebook ConceptD 3 Adjustable Ezel and ConceptD 3 Acer has also updated the ConceptD 3 series, which includes an adjustable 14-inch display (CC314-72G) and a traditional design (CN314-72G). ConceptD 3 Pro (CN314-72P) and ConceptD 3 Ezel Pro (CC314-72P) will also be available, both with up to 4.6 GHz Intel Core i7 processors and NVIDIA T1200 laptop graphics cards. ConceptD 3 All ConceptD 3 sizes and models have been upgraded to include 11th Gen Intel Core H-series processors. Commercial and consumer models will ship with a variety of graphics card options for suitable for different workloads and industries, including the new NVIDIA GeForce RTX 3050 Ti card. All feature 4th Gen PCIe SSDs and a Thunderbolt 4 port that powers super-fast charging. ConceptD 3 Ezel This series offers powerful specs and creator-focused features at a mid-range price point. The models are adjustable with Acer’s Ezel Hinge technology, allowing them to be used in a variety of modes, as well as the touchscreen and the AES stylus. All ConceptD 3 notebook models feature FHD (1920×1080) displays that have been PANTONE certified for 100% sRGB color coverage and Delta E < 2 color deviation. ConceptD 3 Ezel Selling price and opening time The ConceptD 5 (CN516-72G) will be on sale in North America in August with prices starting at $1,999.99; in Europe, the Middle East and Africa in July from EUR 2,199. The ConceptD 7 Ezel (CC715-72G) will be on sale in North America for $2,499; in Europe, the Middle East and Africa in October from EUR 2,699; and in China in October from 29,999 yuan. The ConceptD 3 (CN314-72G) will go on sale in Europe, the Middle East and Africa in September with prices starting at €1,299. The ConceptD 3 Ezel (CC314-73G) will be on sale in North America in December with prices starting at $1,599.99; in Europe, the Middle East and Africa in September from EUR 1,499; and in China during the month from 12,999 yuan. Exact specifications, prices and opening times will vary by region. For more information on opening times, product specifications and market-specific pricing, please contact your nearest Acer office via www.acer.com

The new digital currency Chia consumes a lot of hard drives. Photo: Guardian The Guardian (UK) reported that American businessman Bram Cohen created a digital currency called Chia. Accordingly, Chia aims to be more advanced than Bitcoin and Ethereum in reducing the energy consumed to mine. Cryptocurrency mining often depends on high power consuming computers to handle complex algorithms. However, Chia requires the user to spend a large amount of control to form and store any number of numbers. Given the fact that the price of cryptocurrencies has skyrocketed in recent times, the demand for hard drives specifically for Chia mining has also skyrocketed. A type of semiconductor drive (SSD) called NVMe, which is used to generate random numbers, is also highly sought after. Over the past week, the prices of hard drives and NVMe have been on an uphill trend. One point worth noting is that SSDs are inherently limited in number. Digital currency expert David Gerard told the Guardian: “Instead of consuming power, Chia gobbles up SSDs at a special rate.” According to CoinMarketCap on May 26, in the last 24 hours, there was 50 million USD worth of Chia traded, quite modest compared to 50 billion USD of Bitcoin. However, Chia’s potential keeps the demand for hard drives still on the rise. In the past, graphics cards, which have been an important element of video games and artificial intelligence research, have also fallen into sharp shortages due to demand from Ethereum miners. In another development, on May 26, Iran issued a ban on Bitcoin mining to prevent power shortages.

Before this fluctuation, many users wait for the price of VGA to decrease, to buy a graphics card to install in their computer at a cheaper price. However, this is unlikely to happen. “Even when the coin price has plummeted, people who install buffalo plows are still profitable for many reasons. VGA is still sold out in the market, so there is no reason to reduce the price too deeply,” Nguyen Bao, manager at a major computer store in Ho Chi Minh City shared with Zing . Coin price falls, “plowers” are still profitable “Plowing” coins is actually the process of using machines to perform calculations to validate transactions on the blockchain network. This concept holds true for Bitcoin, Ethereum, and coins that use Proof of Work (PoW) consensus. Currently, the “buffalo” installations with computer graphics cards mainly plow Ethereum. Although the price of Ethereum has plummeted, the market for buying and selling “buffaloes” is still very active. Photo: Chi Kien. When a transaction is validated and a block is completed, the fastest finisher will be rewarded with a pre-specified amount of cryptocurrency. From the performance of the computer and the difficulty of the network, the plow system owner can estimate how many coins he will collect per day. Since the number of people participating in Ethereum mining fluctuates constantly, the difficulty of mining also changes. If mining during a period of low prices, but many people quit mining, the difficulty decreases, the “farmers” plow coins still earn more Ethereum per day. As a result, they are still profitable. “Participants in plowing coins are only interested in profit. Although the price has decreased, but every day they dig more, they are still profitable. Therefore, looking at the price of Ethereum falling and saying that VGA is going to be cheap is not baseless,” said Mr. Bao. Compared to the beginning of January, the price of Ethereum has increased by about 3 times. As a result, market participants “plowing” the coin were profitable. When using applications on the Ethereum blockchain, users pay a small fee called a gas fee. This fee is also charged in Ethereum. In addition to the reward for completing a block, the farmer who plows the coin is also entitled to a portion of the gas fee. According to Etherscan, the price of gas has increased over the past few days due to many participants trading on the Ethereum network. Screenshots. During the volatility of the market, the number of investors pouring money into trading also increased. According to statistics from Etherscan, gas fees increased sharply on May 19, which is also the day the entire cryptocurrency market plummeted. In other words, once participating in the mining network, mining rig owners have many opportunities to earn money. The profit from the rig is not entirely dependent on the price of the cryptocurrency. Don’t wait for VGA prices to drop in the near future VGA price in the market still depends on supply – demand factors. The demand of miners has increased sharply, while ordinary users still need to buy cards to play games and work, making the balance of “demand” always heavy. Meanwhile, the source with VGA is not guaranteed. The global chip crisis lasted for the past year, making it difficult for manufacturers to ensure output. Domestic distributors, even if they wanted to, could not import large quantities. “Every month we can only import a few hundred VGAs. This quantity is much lower compared to other components. It is very difficult to meet the needs of dealers,” said The Vuong, a product manager at a distributor based in Hanoi. Many “buffalo plow” owners have broken even, so there is no need to sell off the rig when the price drops. They profit from the reduced difficulty, even willing to shut down if necessary to wait for the price to rise. Photo: King Kai. According to information from some dealers, the price of VGA in Vietnam market is still cheaper than surrounding countries such as Thailand and China. Therefore, the amount of VGA imported has been less and sometimes has to be shared with other markets. On groups that share the experience of installing buffalo plowing machines, the market for mining rigs is still very active, the number of daily new buy and sell posts is still very much. Occasionally there are questions and answers about the situation when the price of Ethereum goes down, but many rig owners are still very optimistic. “Actually, many people buy the system and then give it to someone else to manage, and collect money every month. It’s very easy to do. Those who joined early have now broken even, just less profit. Those who have participated for a long time understand the market too well, they can’t easily sell their ‘fishing rods’,” said Mr. Bao. In June, a number of component manufacturers will launch a VGA line with poorer performance of “ploughing coins”, called lite hash rate. Due to inefficiency when plowing coins, this VGA line may be less attractive to plowmen and suitable for gamers. However, not excluding the possibility of price fluctuations, Ethereum’s difficulty makes mining rig owners also “empty” low performance when needed.

Over time, gamers and computer users have suffered from a shortage of high-end graphics cards due to the need to buy GPUs from cryptocurrency operators. Now, a new cryptocurrency called Chia will most likely cause similar problems for the storage drive market. According to the South China Morning Post , hard drive prices in China have risen sharply as miners rushed to mine and sell this cryptocurrency. “The price of hard drives keeps going up” Unlike Bitcoin, which consumes a lot of electricity and energy to process complex algorithms, Chia is mined based on a consensus algorithm and is one of the currencies advertised as being environmentally friendly. A Bitcoin mining facility in China. Cryptocurrency Chia aims to reduce environmental impact. Photo: Bloomberg. The founder of Chia is Bram Cohen, who is also a BitTorrent developer. Cohen said he would usurp the outdated industry with increasingly slow and costly documentation capabilities. Although Chia has not been officially traded on the market and only came into operation on May 3, the “miners” have rushed to buy and stock up a series of HDDs and SSDs. According to SCMP, panic purchases can lead to hard drives shortages, high prices and scarcity. On China’s Taobao and JD.com e-commerce platforms, large enterprise hard drives have been sold out. “There have been a lot of people asking to buy a large number of hard drives to exploit Chia in the past few days,” said a customer care worker at the online store Taobao of two major brands Seagate and Western Digital said. Hard drives were sold out on Chinese e-commerce sites. Photo: Weibo. Most business-class hard drives with more than 8TB of storage have already been sold, not sure when new products will be available, the vendor says. According to the manmanbuy.com A Chinese website that evaluates and compares product prices on popular e-commerce platforms, the price of a Western Digital hard drive with 12 TB of storage in February before The increase was 2,188 yuan (about $ 337). On April 8, the corresponding drive price increased to 3,499 yuan ($ 538) on JD.com. Seagate’s hard drive with 8 TB of storage before April 14 cost 1,150 yuan, but has since risen to 2,160 yuan, according to manmanbuy.com . Cryptocurrency miners Chia in China buys bulk hard drives in bulk at the store. In Huaqiangbei, the world’s largest electronics market in southern China, Shenzhen, some vendors said that they now only have a hard drive with less than 4 TB of storage and they don’t know when This situation has just changed. This person also confirmed that the price of a 4 TB hard drive will be a bit higher than the 700 yuan she used to sell before, because the demand from customers is growing. “At peak times, the prices of hard drives will be at least 60% higher than normal. The prices have come down a bit recently, but for now they are still around 50% higher, ”said a supplier named Chen. The topic of hard drive scarcity has become a hot topic, attracting a lot of attention and discussion on Chinese social networking site Sina Weibo, with tags attached to articles such as “rising hard drive prices” and ” Hard drive prices doubled in 10 days. ” “That’s it all, first the graphics card craze, then you guys switch to the hard drive. Now I can only buy one computer case,” said one netizen. on Weibo. Chia’s further goal In recent years, the increasing popularity and demand for computation has increased the value of virtual currencies like Bitcoin. Cryptocurrency mining has become popular and familiar to many people with knowledge of technology and computers. Although the Chinese government does not recognize Bitcoin as a legal currency, the country does not completely ban Bitcoin mining. According to an article recently published in Nature in April, China accounts for about 70% of all Bitcoin mining activities worldwide. Bitcoin mining currently consumes a lot of energy, leading to concerns about overuse of coal-fired electricity. Photo: DW. The increase in electricity consumption related to cryptocurrency mining has also caught the attention of Chinese regulators, as the country is making efforts to save energy and reduce pollution. environment. The leader of Inner Mongolia, the major Bitcoin producing region in northern China due to cheap electricity prices, said they would close all Bitcoin mining pools by May. The global Bitcoin mining network consumes about 113.88 TWh of electricity per year. If ranked as a country, Bitcoin would be the 33rd electricity consumer in the world, out of total consumption by the Netherlands and the Philippines, according to Cambridge’s Bitcoin Electricity Consumption Index.

New cryptocurrency – Chia coin, also known as “Green Bitcoin”, was created by Bram Cohen, who is famous for his peer-to-peer BitTorrent protocol. Hard drive fever from Chia The popularity of cryptocurrencies like Bitcoin has led to a shortage of graphics cards when miners buy them in bulk. Now, Split coin – a new cryptocurrency set to create another component shortage, this time hard drives and SSDs will become hard to find. The increase in GPU supply will occur this quarter, said Nvidia Chief Financial Officer Colette Kress, a multinational corporation for graphics processor development. So with any luck, the products might be a bit easier to buy in the coming weeks and months. “ The problem faced by the market was crypto miners who bought GPUs. In response, Nvidia released a line of dedicated mining graphics cards called CMP, which professional cryptocurrency miners are starting to buy. ”Kress said. The new cryptocurrency – Chia coin, also known as “Green Bitcoin”, was created by Bram Cohen, who is famous for his peer-to-peer BitTorrent protocol development. According to the report, Chia used Bitcoin’s “proof of work” model instead of Bitcoin’s “proof of work” model. That difference means Chia is dependent on storage capacity rather than processing efficiency to mine, and a lot less electricity is wasted in the process. While Chia hasn’t been traded yet, it looks like potential miners in China are gearing up by buying as many hard drives and SSDs as possible, all drives from 4TB to 18TB in high demand. Prices are expected to rise and shortages are likely to be seen unless manufacturers react quickly enough to keep up. On China’s Taobao and JD.com e-commerce platforms, many large-capacity enterprise-class hard drives have been sold out. According to Jiahe Jinwei, one of the major domestic manufacturers in China, the Gloway and Asgard’s 1TB and 2TB high-performance NVMe M.2 SSDs have both been sold out. The manufacturer plans to put in place restrictions to prevent miners from buying large amounts of consumer SSDs. After that, the company will also increase production to meet demand. “ Farming on consumer SSDs is feasible, but more serious miners will likely be geared toward the business side. Durability is just as important as capacity and performance, and enterprise or data center SSDs often meet these three criteria. ”, Said Jiahe Jinwei. Back in 2018, Chia raised $ 3.395 million in “seed” funding, which demonstrated a great degree of interest in this new cryptocurrency. For the most part, that interest could be from investors expecting them to see the potential early and invest a lot when it first arrives. Along with that, many cryptocurrencies appeared and collapsed, so the formation and development of Chia also caused curiosity among the crypto participants. A few years ago, no one took Bitcoin seriously and today it has reached a value of over $ 65,000 / BTC. Cryptocurrency mining itself is the process by which a machine performs certain tasks, calculations validating transactions on the platform, and enhanced security, in order to obtain an amount of cryptocurrency. As a reward to miners for using their hardware to service network transactions, they charge transaction fees for the transactions they confirm. Although Chinese law does not recognize Bitcoin as a legal currency, the country does not completely ban Bitcoin mining. Even this billion-population country accounts for about 70% of bitcoin blockchain operations worldwide. The surge in electricity consumption related to cryptocurrency mining has also attracted the attention of Chinese regulators, amid the country’s efforts to save energy and reduce pollution. Inner Mongolia is a major bitcoin producer in northern China due to cheap electricity prices, saying it will close all bitcoin mining sites before May this year. Is there an abnormality? In addition to the hard drive craze, computer storage space has become a hot commodity lately, with protocols like Filecoin and Filebase rolling out to take advantage of unused storage. It seems that Chia is not without its drawbacks as some have tested and criticized its energy efficiency and pointed out that the rewards take 5 months to come true. Dividing into storage space rather than processing efficiency to mine and known as “green Bitcoin” is creating a hard drive race in Southeast Asia. Blockchain critic David Gerard warns that the reported shortage could have a direct impact on the cryptocurrency market and other industries. However, the project is going on an unusual path. Split no limit, prioritize constant inflation, is predictable as an alternative and the company has a cache of 21 million Pre-mined Chia. And while “spatial proof” is meant to strengthen decentralization, it’s a goal that Chia will not track for itself, rather, it will be made public. Besides that, a roster will allow proponents to treat Chia’s equity as a Chia coin ETF, using the 21 million Chia coin as the primary asset. Talking to the Business Forum, Mr. Dinh Hong Son, General Director of the new generation Finance Joint Stock Company, said that Chia is a digital currency that has appeared since 2018 but has not created a fever like today. The fever that the market is feeling is not the currency, but the market for the hard drives. In fact, large corporations in the world like Intel still do not show signs of “flinching” for shortages, maybe this is just one of the waveforms to push Chia’s appeal against the blur. its pale. “ This is also easy to cause local reactions, as many manufacturers tend to want to take short cuts by increasing production. While in the field of electronics, electronic components require many supporting details that must be processed in large quantities to ensure production as well as reasonable prices. Therefore, it is not known how sustainable or how long-term Chia is to be, but focusing on large-scale production can pose a risk to manufacturers. Hopefully, any impact on consumption patterns will be short-lived “, Mr. Son said. Currently, Chia has not appeared in Vietnam, but it is also necessary to observe and monitor this coin to avoid following the trend like the past Pi mining phenomenon. In particular, electronic component manufacturers or merchants avoid the “hugging” too large for hard drives or products with storage capacity, and at the same time push the prices of goods higher than their value. real.