Thursday, June 10th 2021
Seagate & Western Digital Increase HDD Production to Meet Chia Demand
The demand for HDDs has increased significantly due to Chia cryptocurrency mining in recent times causing major shortages and increasing retail prices. Seagate and Western Digital are increasing the production of their high-capacity HDD models by increasing the utilization rate on existing production lines in an attempt to satisfy this demand. The companies have limited options to increase production in the short-term due to bulk contracts for 60% - 70% of total production and neither company plans to construct new factories in the immediate future. The total global storage capacity allocated to Chia mining has recently surpassed 20 Exabytes up from 1 Exabyte in April and doesn't show any signs of stopping. The shortages look set to continue with both companies happy to monitor the situation and take advantage of the increased demand before deciding on future expansion plans in the coming years.
Source:
SeekingAlpha
26 Comments on Seagate & Western Digital Increase HDD Production to Meet Chia Demand
I'm not againts cryptocurrencies per se, but the way they are produced is just plain wrong.
I'm more annoyed by things that are irreversibly lost - mainly the energy wasted.
And CHIA, despite its commendable raison d'etre which is green money for the digital world, is unfortunately following the footsteps of all the not-so-eco-friendly coins that it is designed to replace. But I get it, CHIA has simplified the mining process and lowered the barrier to entry even further than its forbears, so now it's just a simple matter of downloading an app to your computer that has some spare storage space, click a few buttons, and voila, free money! So simple even your granny could do it!
IMHO, cryptocurrencies won't go away any time soon, and many, many more will join the fray. So it's almost inevitable that the relatively cheap and affordable hardware that you have been enjoying, well, enjoy them for a bit longer, because another coin will surely come along, with another hardware component its target ...
TotallyLegitCurrency.dll
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GetRichQuick.doc
Think of it like this: everyone these days has phones, tablets, laptops, PCs and smart TVs, so why do we still need paper, which is centuries-old tech?
The biggest advantage of SSD isn't just sequential reads or writes, but very low access times and IOPS, that was the biggest factor why SSDs got so successful and that's why NVMe 4 won't be a truly meaningful technology. Not to mention that Windows itself is a big SSD bottleneck.