If you're running out of digital storage and are on a tight budget, you could do a lot worse than consider Seagate's latest hard drive. Part of its Archive HDD line, you can pick up an 8TB model for just $260.

Other 8TB disk drives tend to sell for closer to $1,000 so this is certainly cheap. That saving is down to the way data's squeezed on to the thing: rather than relying on filling the whole thing with helium, it uses a technique called Shingled Magnetic Recording technology to fit more data on a platter.

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You won't, however, have to be in a rush, especially if you're used to SSDs: it has a read speed of 150MB/s, which compares badly to modern SSDs which manages something closer to 600. Still, a little simple math shows that this drive delivers storage at a cost of just 3 cents per gigabyte which is probably enough to convince an awful lot of people.

The drives should be on their way to retailers now, so you may be able to pick one up ahead of Christmas. [Seagate via Extremetech via Engadget]