Understanding Chia Cryptocurrency and Its Impact

What is the primary reason for the recent increase in storage device prices?

• A new gaming console release

• A new cryptocurrency called Chia

• A global shortage of processors

• An increase in demand for cloud storage

How does Chia differ from other cryptocurrencies in terms of mining?

• It is mined using solar energy

• It uses proof of work like Bitcoin

• It relies on proof of stake

• It uses proof of space

What is a key component required for plotting in Chia farming?

• A high-end graphics card

• A large amount of RAM

• A fast internet connection

• A powerful sound card

What is a potential environmental concern associated with Chia farming?

• Deforestation

• Increased carbon emissions

• Excessive water usage

• Strain on storage supply chains

What type of SSD is recommended to avoid damage during Chia plotting?

• Hybrid SSD

• Consumer-grade SSD

• High endurance or enterprise SSD

• External SSD