Answer:
Digital white-out.
You do not want me when you donβt have me, but when you have me you donβt want to lose me.
I am a red drum which sound without being touched and grow silent when I am touched.
The more holes you cover the lower I go.
I had a bright start, but I couldn't take the pressure. I consume everything, yet I don't eat anything. What am I?
It is an insect, and the first part of its name is the name of another insect. What is it?