Chia coin price went up as Sabrent unveiled new plotting options which will potentially improve hard disk resilience and help plotter better manage the damage attributed to XCH mining.
American technology company, Sabrent has unveiled a new plotting option, the Plotripper Plotting SSD that will likely prevent any further slide in the Chia coin price and aid market acquiescence of the coin. The development comes at a time when concerns were at an all high as to the sustainability of the Chia coin (XCH) following the damage its mining was doing to hard disks.
A previous report by Coinspeaker had concluded that about 6 weeks of mining Chia continuously would drastically reduce the shelf-life of a 512GB hard disk. The current president of the Chia Network, Gene Hoffman despite acceding to this fact, had previously explained as a justification that only the cheapest hard disks available were susceptible to the damage when mining XCH.
However, with the new plotter options, the Plotripper and the Plotripper PRO, those interested in Chia coin cryptocurrency mining, as well as those considering investing in the coin, can ease off with the downward plunge of the coin effectively curtailed in principle and practice.
Plotripper Plotting SSD: Good News for Chia Coin Miners
This is also very good news for the company which was recently valued at about $500 million ahead of a possible Initial Possible Offering (IPO) and was reported to have raised $61 million in a Series D funding. The funding round was headed by Richmond Global Ventures and Andreessen Horowitz, venture capital firms in Silicon Valley and New YorkCity respectively.
The regular Plotripper comes with 10,000 terabyte written (TBW) while the Plotripper PRO comes with both 1 TB and 2 TB capacities boasting up to 27000TBW and 54000TBW, respectively. These new plotting options, the Plotripper Series SSD, will help you fire up your plotting station with its “LoveXtention” component taking the resilience of your hard drive to an entirely different level.
XCH was incorporated in August 2017 to help improve financial and payment transactions using blockchain technology. It is touted as the first enterprise-grade digital currency and a better alternative to the energy-intensive Bitcoin. Earlier this month, within a week of trading, XCH traded for as high as $1,934.51 from $561.89. Following listing on the Huobi exchange, the price also rose as high as $1350 before dropping in line with the current market correction to as much as $614.00 in the previous 7 days.
The current price of XCH at the time of writing is $773.15, a figure which is 1.64% lower than what it was in the previous 24 hours according to Coinmarketcap as the coin seeks to reattain the $800 resistance point. With the Plotripper boost, this looks all the more achievable.