winnielinnie
MVP
- Joined
- Oct 22, 2019
- Messages
- 3,641
I can't find a decent price for a NAS drive nor external 8TB+ drive to save my life! Not to mention the overall lack of availability.
I've tried Amazon, NewEgg, Best Buy, and desperately eBay and Craigslist. WD Elements external drives have been gobbled up, and I am always aggressively outbid even on "used" ones sold on eBay. This is in stark contrast to when I could grab an 8TB WD Elements drive for $140 from Amazon not too long ago.
Then I noticed a peculiar description under some drives as they are listed on Amazon by a third-party seller (Hot Tech Deals):
So is this going to be a repeat of what happened to high-end gaming GPUs? Storage drive shortages and price hikes because there's some people trying to get rich mining for yet another crypto currency? "Proof of computing power" and now "proof of storage capacity?"
I heard China and parts of Europe were affected the most, but this is all still relatively new to me. What's going on? Is it most likely this will only last a few months or so, or will manufacturers like Western Digital and Seagate be unable to keep up with demand with their existing stock and production capabilities? Are we going to see a wave of refurbished and use drives flood the market if former Chia miners give up in their endeavors?
I've tried Amazon, NewEgg, Best Buy, and desperately eBay and Craigslist. WD Elements external drives have been gobbled up, and I am always aggressively outbid even on "used" ones sold on eBay. This is in stark contrast to when I could grab an 8TB WD Elements drive for $140 from Amazon not too long ago.
Then I noticed a peculiar description under some drives as they are listed on Amazon by a third-party seller (Hot Tech Deals):
So is this going to be a repeat of what happened to high-end gaming GPUs? Storage drive shortages and price hikes because there's some people trying to get rich mining for yet another crypto currency? "Proof of computing power" and now "proof of storage capacity?"
I heard China and parts of Europe were affected the most, but this is all still relatively new to me. What's going on? Is it most likely this will only last a few months or so, or will manufacturers like Western Digital and Seagate be unable to keep up with demand with their existing stock and production capabilities? Are we going to see a wave of refurbished and use drives flood the market if former Chia miners give up in their endeavors?
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