Chia Network (CHIA), which has emerged on the crypto scene and promises to clean up pollution from Bitcoin’s (BTC) miners, may not be as environmentally friendly as it sounds.
In contrast to Bitcoin, Ether (ETH) and others, Chia Network wins coins with an energy-intensive alternative to Proof-of-Work (PoW). Chia coins are made with hard drive space only and do not require any special ASIC or GPU hardware.
However, reports from China suggest that protecting the environment with cryptocurrencies is not as easy as it sounds. According to the local media Fast Technology, The lifespan of a standard SSD with 512 GB would be exhausted after only 40 days of continuous CHIA mining based on a data write volume of 256 TB during this period.
A 1 TB hard drive would last about 80 days, while a 2 TB hard drive would last about 160 days. Under normal conditions, such hardware parts are expected to last the average customer for about a decade.
Once a hard drive exceeds a certain data write volume, the consumer warranty protection is void. Hard drives usually come with a 3 to 5 year guarantee. However, Chia Mining can void this warranty in just over a month.
Fast Technology reports that hard drive manufacturers have started rewriting the terms of their warranty agreements to reflect the reality that their components are used in CHIA mining. When CHIA went public in early May, Chinese retailers suffered from a hard drive shortage that eventually raised the cost of high-performance drives (16TB) to 6,000 yuan ($ 933).