[SOLVED] Sudden inflation of HD prices

[MarioAndLuigiPlumbing]

Two weeks ago I was looking at getting a couple Western Digital Ultrastar DC 18TB drives, and I found prices at $389 and $429 at two different stores. Checking today and those prices rose to $629 and $699, respectively.

Has anyone else seen such a drastic jump in such a short period with other hard drives? That's just insane to me. Is there a shortage of drives causing the price increase, or are we looking at true price inflation? I want to order a couple, but this 62% price increase is preventing that.

 

[avg9956]

Possible price is increasing, which is why I already ordered my 10+ TB HDD
Perhaps due to the new craze that the Chia crypto currency brought about. I read from somewhere that storage prices in China have already skyrocketed.
Was lucky enough to order it but the vendor didn't jack up the price.

 

[Lutfij]

Depending on your location, it's highly probably that the demand of drives exceeds that of the supply. You might also want to understand that the pandemic isn't making things easier with logistics being taxed. Then is the matter about Chia taking hold...and yes it supposed to trigger SSD shortages or artificial inflation of prices of storage but that shouldn't affect HDD's, then again this mining fiasco has ruined a lot of things.

 

[dorsai]

Two weeks ago I was looking at getting a couple Western Digital Ultrastar DC 18TB drives, and I found prices at $389 and $429 at two different stores. Checking today and those prices rose to $629 and $699, respectively.

Has anyone else seen such a drastic jump in such a short period with other hard drives? That's just insane to me. Is there a shortage of drives causing the price increase, or are we looking at true price inflation? I want to order a couple, but this 62% price increase is preventing that.

It's all tied to Chia miners...better buy now as it will get much worse soon.

 

[MarioAndLuigiPlumbing]

$629 just went to $715. Crazy.

 

[USAFRet]

Two weeks ago I was looking at getting a couple Western Digital Ultrastar DC 18TB drives, and I found prices at $389 and $429 at two different stores. Checking today and those prices rose to $629 and $699, respectively.

Has anyone else seen such a drastic jump in such a short period with other hard drives? That's just insane to me. Is there a shortage of drives causing the price increase, or are we looking at true price inflation? I want to order a couple, but this 62% price increase is preventing that.

Just like GPUs, minig is the culprit.
Chia mining, to be specific.

News - Hard Drive Prices Skyrocket In Asia Due to New Chia Cryptocoin, Scalpers Capitalize

New reports from Seagate, China, and Japan reveal price hikes in hard drives over the last couple of weeks. Hard Drive Prices Skyrocket In Asia Due to New Chia Cryptocoin, Scalpers Capitalize : Read more

forums.tomshardware.com

https://forums.tomshardware.com/thr...use-a-storage-shortage.3701927/#post-22308409

 

[MarioAndLuigiPlumbing]

@USAFRet - It's comical. $389 -> (7 days) -> $629 -> (2 day) -> $715 -> (1 day) -> $750. So, in 10 days the price went from $389 to $750. That's a 92% price increase. In 10 days.

 

[lvt]

It's a plot to make the HDD prices skyrocket.

You should have bought HDD manufacturer stocks, not theirs HDDs for Chia mining.