Chia Coin Miners Are Reselling Used SSDs as New

Chia Coin is an alternative cryptocurrency coin designed to be a greener solution to the whole cryptocurrency craze, and it started off incredibly strong, leading to crushing HDD shortages. However, the currency has now tumbled to roughly ~15% of its initial peak over the last three months, so miners are reportedly fleeing to other platforms. According to a report from VNExpress, some miners are now dumping drives and reselling ‘renewed’ used SSDs as brand new. 

The Chia coin promised to deliver green mining through a novel Proof of Space (PoS) mining technique. While the previous coins used Proof of Work (PoW) and immense computing resources, Chia offered an alternative where the SSDs and HDDs would store plots that earn cash over time.