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You can pick up an 8TB WD black external for $200, and I saw cheaper WD EasyStore 8TB’s at retail in Best Buy today at $180, and that’s just what I saw offhand

You can pick up an 8TB WD black external for $200, and I saw cheaper WD EasyStore 8TB’s at retail in Best Buy today at $180, and that’s just what I saw offhand earlier today.

vzkq 5y ago
Chia Coin is driving up storage prices for the reasons other currencies drove up GPU prices
walrus01 5y ago
Something is starting to go really wrong in HDD pricing, following GPUs and other things, because I bought that same 8TB drive two years ago for $147. Hard drive prices are supposed to decrease in $ per TB over a multi year period, with advances in areal density.
- tmabraham 5y ago
  overall electronics supply chain issues, and I heard something about cryptocurrency mining also being involved with supply issues for hard drives.
  - IncRnd 5y ago
    Yep. Chia coin has made many of these hard drives get purchased.
- sneak 5y ago
  There are currently supply chain issues in many different markets that will hopefully mostly resolve by the end of this year.
- lamontcg 5y ago
  The "proof of space" Chia cryptocurrency: https://news.ycombinator.com/item?id=27009843 https://news.ycombinator.com/item?id=27009843
  - alpaca128 5y ago
    I'm starting to wonder what'll occur first: the bubble popping or the whole hardware market coming to a standstill because of 16 different "proof of xyz" schemes. I cannot wait for internet connections to become unusable after a currency introduces "proof of bandwidth".
    - kylegordon 5y ago
      https://pkt.cash/ https://pkt.cash/
    - bserge 5y ago
      Add them all together for the ultimate, proof of destruction: cryptocurrency backed by atmospheric pollution, fauna and flora extinction and natural resource exhaustion. Buy it now, it definitely won't last forever! :D Bu seriously, I still don't understand cryptocurrencies. So, your X discoin is worth Y million real money. But that's only while it's in cryptocurrency form. If people start cashing out, the value will plummet, right? Only the first few will get close to the high value? That seems very similar to a pyramid/ponzi scheme to me. On that note, would it survive some catastrophic event? Like the Internet going down. A bunch of gold will. Hell, invest in power generators and batteries, those will survive and be worth a lot. Can Bitcoin be restored and restarted from one computer with the whole ledger stored on it?
      - someguyorother 5y ago
        > Add them all together for the ultimate, proof of destruction: cryptocurrency backed by atmospheric pollution, fauna and flora extinction and natural resource exhaustion. Make a DoomCoin! It would keep 12 difficulty counters, one for each proof of whatever, and getting farthest ahead in one of them lets you mine a new block. That way it can distort the prices of (sorry, "effectively allocate") CPUs, GPUs, disks, ASICs, RAM... anything else you can come up with. Sounds like a good project for a comic book villain. >Can Bitcoin be restored and restarted from one computer with the whole ledger stored on it? Yes, but it may be very slow the first period, as it would be used to the pre-collapse difficulty level.
- CheezeIt 5y ago
  I’ll add, the 14TB WD externals disappeared off the shelves at the local Best Buy in the past month. The data hoarding subreddit was calling those the best price per TB. There were some $140 listings for an 8TB drive on Amazon a week or two ago, but now they’re $165 and out of stock. I think crypto and hoarding are the reasons; of course inflation is a multiplier.
saagarjha 5y ago
Costco has a Seagate 8TB drive on sale for $120 until tomorrow: https://www.costco.com/seagate-backup-plus-hub-8tb-desktop-hard-drive-with-rescue-data-recovery-services.product.100458004.html https://www.costco.com/seagate-backup-plus-hub-8tb-desktop-h...

You can pick up an 8TB WD black external for $200, and I saw cheaper WD EasyStore 8TB’s at retail in Best Buy today at $180, and that’s just what I saw offhand earlier today.

vzkq 5y ago

Chia Coin is driving up storage prices for the reasons other currencies drove up GPU prices

walrus01 5y ago

Something is starting to go really wrong in HDD pricing, following GPUs and other things, because I bought that same 8TB drive two years ago for $147. Hard drive prices are supposed to decrease in $ per TB over a multi year period, with advances in areal density.

tmabraham 5y ago
overall electronics supply chain issues, and I heard something about cryptocurrency mining also being involved with supply issues for hard drives.
- IncRnd 5y ago
  Yep. Chia coin has made many of these hard drives get purchased.
sneak 5y ago
There are currently supply chain issues in many different markets that will hopefully mostly resolve by the end of this year.
lamontcg 5y ago
The "proof of space" Chia cryptocurrency: https://news.ycombinator.com/item?id=27009843 https://news.ycombinator.com/item?id=27009843
- alpaca128 5y ago
  I'm starting to wonder what'll occur first: the bubble popping or the whole hardware market coming to a standstill because of 16 different "proof of xyz" schemes. I cannot wait for internet connections to become unusable after a currency introduces "proof of bandwidth".
  - kylegordon 5y ago
    https://pkt.cash/ https://pkt.cash/
  - bserge 5y ago
    Add them all together for the ultimate, proof of destruction: cryptocurrency backed by atmospheric pollution, fauna and flora extinction and natural resource exhaustion. Buy it now, it definitely won't last forever! :D Bu seriously, I still don't understand cryptocurrencies. So, your X discoin is worth Y million real money. But that's only while it's in cryptocurrency form. If people start cashing out, the value will plummet, right? Only the first few will get close to the high value? That seems very similar to a pyramid/ponzi scheme to me. On that note, would it survive some catastrophic event? Like the Internet going down. A bunch of gold will. Hell, invest in power generators and batteries, those will survive and be worth a lot. Can Bitcoin be restored and restarted from one computer with the whole ledger stored on it?
    - someguyorother 5y ago
      > Add them all together for the ultimate, proof of destruction: cryptocurrency backed by atmospheric pollution, fauna and flora extinction and natural resource exhaustion. Make a DoomCoin! It would keep 12 difficulty counters, one for each proof of whatever, and getting farthest ahead in one of them lets you mine a new block. That way it can distort the prices of (sorry, "effectively allocate") CPUs, GPUs, disks, ASICs, RAM... anything else you can come up with. Sounds like a good project for a comic book villain. >Can Bitcoin be restored and restarted from one computer with the whole ledger stored on it? Yes, but it may be very slow the first period, as it would be used to the pre-collapse difficulty level.
CheezeIt 5y ago
I’ll add, the 14TB WD externals disappeared off the shelves at the local Best Buy in the past month. The data hoarding subreddit was calling those the best price per TB. There were some $140 listings for an 8TB drive on Amazon a week or two ago, but now they’re $165 and out of stock. I think crypto and hoarding are the reasons; of course inflation is a multiplier.

saagarjha 5y ago

Costco has a Seagate 8TB drive on sale for $120 until tomorrow: https://www.costco.com/seagate-backup-plus-hub-8tb-desktop-hard-drive-with-rescue-data-recovery-services.product.100458004.html https://www.costco.com/seagate-backup-plus-hub-8tb-desktop-h...