Earlier quoted context omitted.
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 2013 or so. It was still running fine when he retired it last year. Consumer electronics are much more durable than you would imagine.
Thoughts on a “HDD shortage” from an industry insider
101–110 of 134 posts
Re: Thoughts on a “HDD shortage” from an industry insider
#102TIL all it takes to be a reputable "industry insider" is an anonymous reddit account.
The scary thing is, I don't know if I can trust him less than any 'reputable newspaper'. At least if this he says dumb things, someone on HN will call him out. The reputable source has only one voice, it will say anything that brings in extra money, and lots of invisible third parties will try to influence it.
Do you not know how professional journalism functions? You can verify decades of history with very limited retractions. There's good reason why people trust the New York Times.
Re: Thoughts on a “HDD shortage” from an industry insider
#103https://old.reddit.com/r/chia/comments/n2lren/thoughts_on_a_... Fixed link.
Thanks, I can’t view the original on my phone without the app because ‘Reddit can’t verify the community is not 18+’ which is a thinly veiled user hostile move-to-our app play. Shame on them.
Re: Thoughts on a “HDD shortage” from an industry insider
#104It's 2011 again... It took ~7 years before price went back to what they were.
The flood that shutdown that Thai HD motor plant was the start of SSDs' takeover.
Re: Thoughts on a “HDD shortage” from an industry insider
#105Sample size 1: every 3 months I need to buy a large hard drive (14TB+). I buy external USB ones since they are the cheapest. Since it was due, in the last couple of weeks I was scanning prices in Romania daily, in case I get lucky with a discount. In the last week, prices surged 60-100%, and stock disappeared for 4 TB+. I panicked and after a lot of scanning I managed to buy a slightly smaller one than I needed with…
I just checked my Amazon order history right now. Last time I bought a Samsung Evo Plus 1 TB SSD was last August, 2020, for $189. Price right now if I buy it today is $159. Last HDD I bought was a 12 TB Seagate Ironwolf for $269, in October 2020. Today's price for the same drive is $325. It is out of stock, but says I can get it May 18th.
Re: Thoughts on a “HDD shortage” from an industry insider
#106Earlier quoted context omitted.
The flood that shutdown that Thai HD motor plant was the start of SSDs' takeover.
I'm not so sure, in 2012 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.
If you only had space for 1 drive, you did have to choose between small capacity with high speed vs. High capacity and slower speeds.
Plus (real or mythical) reliability issues with new tech.
Re: Thoughts on a “HDD shortage” from an industry insider
#107Earlier quoted context omitted.
Shortages are good. It's the perfect time to set up manufacturing capability, so nationalists can be happy. It's a good time to push for hire wages, workers should do it. If there is some alternative industrial process, now's the time to try it. This is no 70s oil moment, because there's no indication fewer widgets are being produced than prepandemic.
>It's the perfect time to set up manufacturing capability, so nationalists can be happy. >If there is some alternative industrial process, now's the time to try it. wouldn't this take years? >It's a good time to push for hire wages, workers should do it. This is just speculation on my part, but I suspect hard drive manufacturing is much more labor intensive than capital intensive. Therefore I doubt this will translat…
Re: Thoughts on a “HDD shortage” from an industry insider
#108Earlier quoted context omitted.
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 2-3 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.
Re: Thoughts on a “HDD shortage” from an industry insider
#109Earlier quoted context omitted.
I'm not so sure, in 2012 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.
They were always better, but the price delta narrowed a lot because of HD price increases. If you only had space for 1 drive, you did have to choose between small capacity with high speed vs. High capacity and slower speeds. Plus (real or mythical) reliability issues with new tech.
The narrative was "for 300 bucks you can make your computer so much faster, best investment ever". No mention about increasing HDD prices, nobody cared.