Now, imagine you could go back in time and buy all the hard drives before the demand spike ever hit. The people hoarding hard drives are hoping to engage in this type of speculation. Any lost capacity must be replaced. Higher-capacity drives are well-suited for Chia mining because the higher the capacity on a drive, the more storage space can be used for plotting values.
With more values plotted on the drive, miners are more likely to have the correct hash values and win the reward. Because HDDs hard disk drives offer significantly higher capacities relative to their prices, users are able to spend less overall while aggregating a larger amount of unused storage space.
The Chia mining craze has kicked off a worldwide buying frenzy for HDDs. High-capacity hard drives are being wiped from the shelves and prices have gone through the roof for a wide range of storage capacities.
According to reports, range-topping 16TB and 18TB models are either greatly overpriced or are sold out. With higher capacities and faster write speeds, enterprise SSDs excel at the plotting aspect of storage mining. While the argument in favor of storage-centric crypto mining is that it consumes less energy compared to GPU-centric crypto mining, it comes at the expense of burning out SSDs, which can be problematic because SSDs have finite write cycles.
Instead, SSDs are quickly being burnt out at a record pace for a type of activity that was never intended to be under its scope of usage. The current hard drive shortage situation mirrors the graphics card GPU shortage from three years ago, which deprived users from acquiring graphics cards for gaming, content creation and other needs.
Fast forward to today and the concerns about the excess hoarding and availability of storage drives are similar. The storage shortage is preventing users and businesses from acquiring hard drives for their personal storage, data center, virtualization needs and more. The storage market looks poised to deal with shortages and high prices for the foreseeable future. According to reports, drive vendors expect the exceptionally high price per TB for flash to persist through next year, especially because of bitcoin mining and Chia farming.
As a renowned supplier of storage solutions, Axiom has been carefully monitoring the hard drive shortage situation. We have been working closely with our customers and suppliers in response to the situation and will keep you updated on the latest news regarding the storage drive shortage.
To learn more about our hardware solutions or to talk with our sales team about the availability of storage solutions, contact an Axiom representative today. To view our full lineup of storage solutions, click here. Warmest Regards, The Axiom Family. Maintenance and warranty support that covers your server, storage and network equipment from all of the major OEM brands.
Serving the telecommunications market with a focus on optical networking products specifically for 5G networks to cable service providers and service providers. Products Memory. Maintenance Services Network Server Storage. Says 'humaniania'. I've never built a PC. I expect the crytpocurency bubble to collapse because my tech ignorant accountant friend asked what I know about building a crypto mining rig. What should I read to prepare myself to take advantage of the cheap used high end hardware that will hit the market do build a Windows or Linux system for my own pleasure.
Coinbase had IPO, meaning serious business bought their shares, hedge and pension funds - I would be careful expecting any kind of normalcy in the next years. Coinbase had a direct listing. There was no roadshow to line up institutional investors. I'm sure some big-time investors bought shares, but I'm sure some retail ones did, too.
You know who sold? Early Coinbase investors and employees. That's normal. The primary moneymaking product of small startups is Havoc 6 months ago parent prev next [—]. I wouldn't count on it collapsing any time soon. Definitely worthwhile. Basically lego for adults. Things that make the front page there tend to do worse. That's regression to the mean and perfectly normal, there's a whole science associated with it.
It's not a curse or even specific to any outlet. I just meant being in Time is not much of a signal. Havoc 6 months ago root parent prev next [—]. I meant Time accepts BTC for subscriptions now Not with everyone from Visa to Time magazine jumping on the bandwagon "Jump on the bandwagon" Meaning: to support a cause only because it is popular to do so. Sounds like a bubble. I encourage more people to jump on the bandwagon.
I'm not in a hurry to get my new computer and the bigger the bubble gets the more cheap hardware will be available when it pops.
Cryptocurrency is a logical response to central banks around the world trying to print their way out of their bad decisions instead of putting the ultra wealthy in their place. That's why crypto isn't going anywhere and this will only get worse. I don't understand what you're trying to say. To me this sounds like political rhetoric not an argument.
Are you saying that cryptocurrency can replace central banks? Are you saying that cryptocurrency is some kind of revenge or punishment against central banks and wealthy? Are you saying something else??
It's literally how it started. What is the literal connection between that headline and the how cryptocurrencies started? Presumably you're familiar with ebay? I wouldn't necessarily trust parts that have been worked to death btw.
I don't know how to make a shopping list and put the parts together. I wouldn't count on the cheap hardware, it may be pretty much broken after endless full power use for mining. I mined bitcoin, litecoin and later dogecoin on a bunch of workstations in a hot humid garage in Houston, Texas for years straight. I gave one of the workstations to a friend when I retired from mining in or so. It was still running fine when he retired it last year.
Consumer electronics are much more durable than you would imagine. Slartie 6 months ago root parent prev next [—]. Miners usually undervolt the GPUs to mine at peak efficiency, not peak performance and power consumption. Since chip wear correlates with power usage and heat production, GPU usage for mining is actually much less taxing for the hardware than typical gaming use with its frequent overclocking and rapid alterations between low and maximum power use.
R0b0t1 6 months ago root parent next [—]. It is also important to realize the wear on the chips is relevant on the order of years. What fails on the order of years are capacitors and insulation on the power supply coil windings and fan motor windings, but the latter only sometimes. Capacitors notably derate exponentially with increasing temperature as do many other things.
To echo the other commenters, mining is pretty gentle on GPUs insofar as constant use goes. ETH is memory bandwidth limited, so cards can be heavily undervolted and underclocked while overclocking memory saving power without negatively affecting hashrate. More power is wasteful. I'd feel ok about buying a used card off someone who knows what they're doing mining.
The and are the singular exception. The GDDR6X runs extremely hot and frankly I think it's going to cause a bunch of early failures for even non-mining cards. There are quite a few good comments here focusing on the crypto aspect of this HDD supply shortage. That aside, to those of you that are scanning the comments here without having actually read the OP's reddit link - I'd urge you to read the linked page.
It is an incredibly insightful summary of the HDD supply chain. Whether it was indeed written by an "industry insider" or not is irrelevant; their analysis of the HDD market is highly informative. I somehow managed to get 3xFE but that was just super lucky timing.
I am not sure what grad student Deep Learning researchers are going to do? Maybe they finally turn their attention to models of manageable complexity and stop trying to create magic with models of enormous size that even in theory benefit only Big Adtech. Even mass surveillance requires rather small models. Firehawke 6 months ago prev next [—]. It's interesting that that's precisely where we are with video cards-- the easiest way to get one is to buy a prebuilt system from any of the big names.
It's really not much of a stretch to see HDs go to exactly that same pressure point. It's also next to impossible to get workstation boards with many PCIe slots and now that spreads even to "creator" boards. I guess mining is going to eat it all.
Haemm0r 6 months ago parent prev next [—]. Our IT guy told us, that about 10pcs the Dell machines he ordered T or something similar a couple of weeks ago will ship in July earliest although the online shops states better delivery times.
So there could be some shortage too or at least logistical problems And getting a prebuilt to get a video card is itself becoming hard at this point. The big names are pushing estimated delivery dates for prebuilts with 30 series cards out to June or July at this point.
I suppose getting a card in July in a prebuilt is still better than not getting a card on its own. While I was digging around, it looks like some of the laptops with 30 series in them are even at the "ETA: One day soon! It's again Scoundreller 6 months ago parent next [—]. I'm not so sure, in me and a lot of friends switched to SSD because it made the computer so much faster, not because there was a HDD shortage. And the tech press at the time was full of articles about how amazing SSDs are and how everybody should get one.
Scoundreller 6 months ago root parent next [—]. Seagate and Western Digital produce a significant portion of their hard drives in Thailand, where local authorities forced lockdowns in highly populated areas starting July 12 to avoid the spread of the virus.
HDD assembly facilities and factories where components such as printed circuit boards are built by companies like Quanta Storage and New Kinpo Group are located far from populated areas, but there is still an impact on production, reports DigiTimes. If the situation with the COVID pandemic gets worse and Thailand and authorities decide to temporarily shut down manufacturing facilities, HDD production would either slow down or stop completely.
Neither Seagate nor Western Digital have commented on the story.
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