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There are two main types of hard drives: Hard Disk Drives (HDDs) and Solid State Drives (SSDs). HDDs use spinning disks and mechanical read/write heads to store and retrieve data. They are cost-effective and provide large storage capacities, making them ideal for users who need to store massive amounts of data. On the other hand, SSDs use flash memory, which allows for faster performance, durability, and lower power consumption. While SSDs tend to be more expensive per gigabyte, their speed makes them perfect for operating systems and applications.