The hard disk market has not been calm in recent days. Chia coin suddenly exploded. Due to its unique algorithm, large-capacity hard disks are required, so the price of hard disks is also soaring.

Unlike previous mining that caused the price of graphics cards to rise sharply, last year it took two or three months to increase the price of RTX 30 series graphics cards by 2-3 times, and the hard disk market is much crazier, almost 8TB or more in two or three days. Large-capacity hard drives have increased by 2-3 times, 14TB hard drives have risen directly from more than 2,000 to more than 5,000, and the price of 18TB has doubled to tens of thousands of yuan.

Such an exaggerated price increase has made many hard drive channel merchants very profitable. Previously, there were reports that the domestic distributors deliberately suppressed goods, And the price rises every hour, and fast-moving merchants can make more than 3 million a day by buying low and selling high.

However, within two days, the price of the hard drive collapsed. Some channel people took a bet that the price would be pushed up, hoarding 700 16TB hard drives at a price of 4550 yuan, which cost more than 3 million yuan.

It didn't take long for the price to drop sharply, and the 3 million hard drives were locked up.

Judging from the sharp rise and fall of large-capacity hard drives in the past two days, channel vendors are most likely to speculate. In fact, Chia coin mining may not be as high as expected.

Etron has supplied memory cache chips to major hard drive manufacturers such as Seagate, Western Digital, and Toshiba for many years. The company recently revealed that it has not felt the high demand brought by hard drive mining.

However, the demand for HDD hard disks is indeed tight, which is mainly related to the shortage of raw materials and blocked production capacity, not due to mining.