Chia cryptocurrency miners started selling HDD and SSD at a loss

The Chia cryptocurrency came out quite recently with the promise of using hard drives and SDDs for mining. It is characterized as an ecological and environmentally friendly currency that quickly attracted the interest of miners around the world.

However, it appears that the popularity of the digital currency was short-lived. And according to the latest information, Chia miners have already started selling their SSD and HDD, but at a loss.

Chia Price Goes Down and Miners Sell Hardware

According to the data, the value of the Chia cryptocurrency has plummeted recently. If in May 2021 it reached 1,300 euros, now it is an ecological digital currency. valley only about 190 euros.

Then this is a sharp drop in value, and therefore the miners of this cryptocurrency make some decisions so all is not lost.

So, according to the information, the Chia cryptocurrency miners began selling equipment for mining, or rather growing this digital currency. In particular, HDD and SDD disks are sold, even new models that have never been used and are still sealed, but at a loss.

In some situations, some users have tried to sell used SSDs and hard drives to mine as new in order to get more money and recoup some of the investment. However, we are talking about equipment that is used more intensively than usual, resulting in more wear and tear. As a result, the discs have a shorter shelf life, and in that sense they are expected to sell at a lower price.

There is a specific example of a Vietnamese miner who tried to sell a large number of 8TB hard drives in a Chia Facebook group. But he complained that he had not found buyers in recent days, and may have reduced the cost of the equipment to 74 euros as a result of a direct conversion.

In turn, the store owner also said that it is more difficult to sell hard drives than video cards. This is due to the fact that today people are afraid of being deceived because "a 1TB solid state drive has a shelf life of 80 days when mining, whereas with normal use it can last 10 years."