Trading and transactions with the Chia coins are expected to be enabled on May 3.Chinese hardware and motherboard manufacturer Onda has stepped up to the challenge of the rising shortage of SSD and HDDs in the market by rolling out a new dedicated motherboard for Chia cryptocurrency mining. Since the Chia digital currency Mainnet was launched back in March, the mining activities around the cryptocurrency have gained traction, leading to the scare of a shortage in HDDs and SSDs in the Chinese market.The process of mining the Chia coin requires a large amount of storage capacity to turn out profitable, in part due to its consensus algorithm dubbed Proof of Space and Time. The high demand for these storage devices in the past week has resulted in their prices skyrocketing, bringing even more
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Trading and transactions with the Chia coins are expected to be enabled on May 3.
Chinese hardware and motherboard manufacturer Onda has stepped up to the challenge of the rising shortage of SSD and HDDs in the market by rolling out a new dedicated motherboard for Chia cryptocurrency mining. Since the Chia digital currency Mainnet was launched back in March, the mining activities around the cryptocurrency have gained traction, leading to the scare of a shortage in HDDs and SSDs in the Chinese market.
The process of mining the Chia coin requires a large amount of storage capacity to turn out profitable, in part due to its consensus algorithm dubbed Proof of Space and Time. The high demand for these storage devices in the past week has resulted in their prices skyrocketing, bringing even more concerns to the broader market.
Onda is however determined to help resolve the growing shortage hardware shortage in China through its motherboard that supports up to 32 SATA HDD & SSD storage devices all at once. The move by the company will relieve the mainstream market as the devices are likely to be sold directly or targeted primarily towards Chinese miners.
Design Specifications of the Chinese Onda Motherboard
The motherboard designed by the Chinese tech firm Onda is unique in that it is specifically dedicated to supporting Chia coin mining. The motherboard according to a report from wccftech is dubbed the Onda B365 D32-D4 Magic Edition which features a total of 32 SATA ports that supports up to 32 SATA-based HDD and SSD storage devices.
The device is built based on the Intel B365 chipset and features four different DDR4 DIMM slots and a single PCIe Gen 3.0 x16 and PCIe 3.0 x1 slot. Electrical power is supplied to the motherboard through a 24-pin ATX and a dual 8-pin connector configuration for the CPU. Based on the size, the board measures 530mm x 310mm.
The Input/Output provisions for the device are two Gigabit Ethernet ports, 1 USB 2.0, 4 USB 3.0, and a VGA & HDMI port. While Onda has shown a good amount of finesse in designing this highly sought-after device, the rollout of the motherboard is bound to be a big hit for the company.
The Chia Coin Mining Push May Gain Traction beyond China
The Chia project was incorporated in 2017 to develop an improved blockchain and smart transaction platform. The founder of the project is also credited with being the creator of the BitTorrent ecosystem, giving the entire Chia project high credibility to correct the wrongs of existing blockchain protocols.
The start of trading of the Chia tokens and full transaction allowance is scheduled for May 3.
The current mining craze of Chia coin is billed to extend beyond China, and many people look for alternative ways to join the crypto mining league with less energy-intensive procedures. It is perhaps only a matter of time before miners in other regions of the world catch in on the trend. Should this happen and demand in specialized mining hard drives surge, Onda may not be able to meet the global demand, and a new economy or business will be created for chip manufacturing tech firms around the world.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.