The Taiwanese company Phison Electronics has warned of an upcoming increase in SSD prices due to the excitement around the mining of the Chia cryptocurrency.
In the third quarter of 2021, Phison, along with other manufacturers of NAND flash memory and SSD controllers, intends to increase the cost of its products by at least 10%. This will lead to higher prices for solid-state drives.
The company attributes the decision to high demand for hardware from Chia miners and supply problems.
Prices for SSD controllers will remain high in 2022 and 2023 due to capacity constraints, Phison said. Companies such as TSMC, UMC, GlobalFoundries, and others are expanding their production capacity to close the shortage, but this process will take some time.
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At the time of writing, the total amount of disk space occupied by the Chia cryptocurrency exceeds 4.7 exabytes (over 308 thousand HDDs with a capacity of 16 TB). XCH price - $ 1,051.
Recall that the Chia Network, created by the author of the BitTorrent protocol, Bram Cohen, uses the Proof-of-Space and Proof-of-Time consensus algorithms.
The coin miners have already created a local HDD and SSD shortage in China.
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Local solid-state drive manufacturer Galax decided to deny warranty service to the SSDs that Chia was mined on. According to experts, cryptocurrency mining reduces the lifespan of a 512GB SSD from five years to two months.