HARD DRIVE MAKERS SOAR THANKS TO A NEW CRYPTO FROM THE CREATOR OF BITTORRENT
I wrote about how shares of Western Digital and Seagate are soaring, because people in Asia are buying up hard drives to mine Chia, the new crypto from @bramcohen bloomberg.com/news/articles/… $STX $WDC $CHIA
I wrote about how shares of Western Digital and Seagate are soaring, because people in Asia are buying up hard drives to mine Chia, the new crypto from @bramcohen bloomberg.com/news/articles/… $STX $WDC $CHIA
@bramcohen Unlike Bitcoin which uses Proof of Work, Chia's security (or mining) model uses something called Proof of Space and Time. And that model involves people accumulating hard drives.
Here's some math from @tomshardware tomshardware.com/how-to/how-to-…
Here's some math from @tomshardware tomshardware.com/how-to/how-to-…
@bramcohen @tomshardware Meanwhile, NVidia chips sold on StockX that are used to mine $ETH continue to set all-time highs stockx.com/nvidia-nvidia-…
Seems very clear that, at least at the margin, the crypto boom, is a contributor to the tight chip market. (Unambiguously so when you're talking about chips for gamers)
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