First, if you’re not having problems with your drive (unless it’s brand new, has no data on it, and you don’t have an issue returning it to the place of purchase or manufacturer) DO NOT DO IT.
Second, make sure you give yourself plenty of time, don’t try and do it quickly, or in between other commitments. Do it when it’s quiet. Make sure you have a UPS on your computer and that the weather is clear (so that there’s no likelihood of power outages).
Third, run the drive diagnostics from the manufacturer first. If the drive shows it’s having problems — return it to the manufacturer for replacement (most manufacturers will do advance replacement at no charge with a credit card; that gives you a drive to migrate your data onto, and a shipping container to return the failing drive in).
Fourth, many manufacturers support upgrading firmware directly from Windows (a few from other operating systems). I high recommend you choose the bootable CD approach — that way there’s no question whether or not you have something installed on your computer that might interfere. And if you’re using SATA I recommend you set your computer to SATA IDE/Legacy mode to insure that the upgrade (and diagnostics) don’t have any issues with your SATA controller (IDE/Legacy as opposed to SATA/Native, SATA/RAID, SATA/AHCI — different BIOS manufacturers will call it by a different term, but it’s the lowest setting for the controller, likely it’s what the default was).
Fifth, make sure you obtain the firmware update only from the manufacturer’s web site; and make sure that it is for your drive; and that it’s recommended as a general installation or specifically addresses an issue you’re having.
Sixth, make sure you read and follow the manufacturer’s procedure for updating firmware.
Seventh, power off your drive before you attempt to use it after updating the firmware. Most drives will not use the newer firmware until they are power-cycled; some drives just flat out won’t work until they’ve been “hard reset”.
Hopefully all goes well, but many drives become a brick if your firmware upgrade fails; a few can revert to the previous firmware and keep on running. If you have problems, contact the manufacturer, most drives under warranty can be replaced — but data recovery is not included.
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