PNY has launched its new LX series of M.2 PCIe Gen 3 NVMe SSDs, namely the LX3030 and LX2030 models. The new SSDs are designed for Chia cryptocurrency mining with very high endurance (TBW) ratings.
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Chia cryptocurrency farming is not a long-term profitable venture, finds a study conducted by Backblaze. The company has run a cost-benefit analysis of the coin to reach this conclusion.
The Chia crypto-coin has been causing shortages of storage hardware like SSDs and HDDs. Some of the SSD makers have now started to react by reducing the endurance and warranties on their products.
New Chia cryptocurrency is based on a mechanism that utilizes unused disk space for mining. This has led to massive price hikes of storage parts like hard drives and SSDs in Hong Kong, says a report.