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Crypto scam: HDDs and SSD drives prices jumped like mad
  • Vitaliy_KiselevVitaliy_Kiselev

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    All thanks to crypto scam.

    We need repressions.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Memory module house Adata Technology held over NT$10 billion (US$357.8 million) worth of inventory as of the end of first-quarter 2021 - a record high.

    Adata will continue to stockpile and maintain high inventory levels, said Chen, adding that the memory contract price outlook remains bullish.

    Adata reported net profit hiked about 119% sequentially to NT$685 million (US$24.5 million) in the first quarter, with EPS hitting a 14-quarter high of NT$2.94. The company generated revenue of nearly NT$9.1 billion in the first quarter, up 2.6% sequentially, with gross margin rising almost 7pp on quarter to 19.07%.

    We have huge criminal like cartels now. They rip everyone off.

  • Vitaliy_KiselevVitaliy_Kiselev

    Yesterday, May 3, trading began in the new cryptocurrency Chia. At its peak, the average cost per unit of digital currency reached $ 1,811, but later dropped to $ 670 per unit. Trading is conducted on OKEx, Gate.io, MXC.com and Bibox.

    Chia's daily trading volume has reached $ 18.4 million at the time of writing. The amount of disk space currently occupied by cryptocurrency reaches 2.11 exabytes, and it has grown tenfold in just the last week. Miners have already mined 457,402 coins. It is worth noting that Chia mining started in March this year. Against this background, sales of hard drives and solid-state drives have skyrocketed, as well as their prices have increased significantly.

  • Vitaliy_KiselevVitaliy_Kiselev

    If in a regular PC a 256 or 512 GB SSD can last five years, then in a PC used for mining ChiaCoin, it will die in a month or two. The fact is that when mining this cryptocurrency, read and write processes are very active - for example, in two months the volume of recorded data reaches 256 TB. By comparison, the TBW (Total Bytes Written) of a typical 480GB Crucial BX500 consumer SSD is 120TB. The manufacturer claims that if you write to an SSD of 65 GB daily, then such an SSD will last 5 years. But with farming, its life cycle will end in a month. A 2TB Crucial BX500 will only last 5.5 months under such loads ... In general, affordable SSDs based on TLC and QLC memory are not the best option for pharming, since these drives are not designed for more daily recording volumes.

  • Vitaliy_KiselevVitaliy_Kiselev

    Taiwan's memory modules specialist Team Group saw its SSD shipments for April surge over 70% on year, driven the rapidly mounting mining fever for new cryptocurrency Chia.

    The company's April revenues increased 17% sequentially and 12.93% on year to a four-month high of NT$611 million (US$21.82 million). Its January-April revenues came to NT$2.525 billion, up 20.90% on year, and the company is optimistic that its 2021 revenues will challenge NT$9.2 billion for an annual growth of over 20%.

    Team Group president CW Chen said that Chia has stoked a new wave of strong demand for high-capacity HDDs and SSDs, and his company is in talks with clients over specific shipment projects over Chia mining applications, with volume shipments to materialize next quarter.

    The company has boosted its SSD inventory to 4-6 months while also readying sufficient supply of controller ICs, power management ICs, PCBs and other components. It will manage to maintain the same inventory level in the third quarter while boosting the shipment ratios for SSDs with high capacity and long durability, as well as high performance/capacity DRAM products.

    This is how criminal cartels look like, making fake and scam Chia currency they manage to sell people same product for 3x-5x price.

  • Vitaliy_KiselevVitaliy_Kiselev

    Bram Cohen incorporated Chia Network Inc. back in August 2017, that is, in the midst of a crypto bubble generated by countless ICOs.

    Why is this Bram Kogan? It is the man who invented the BitTorrent protocol.

    BitTorrent had been proposed by firm that was backed by US government agencies and promoted by all leading media. It was very important moment with big fight with really free information exchange.

    By replacing complex and quickly changing P2P protocols that used special software by almost fixed and easy to detect Bittorrent protocol and replacing custom software with torrent sites (that are simply web sites that are run on ad money) officials got ability to negotiate and quickly block sites that did not follow their orders.

    Same is true here - Kogan project just had been used in proper time. I specially tracked lot of big media - all of them suddenly started to constantly promote and write about Chia at the time it had been nothing.

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