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I have a synology NAS, so the basic setup for just cloud storage comes almost out of the box. 2 hours maybe (because I like to tinker, could be faster)
Around $6000 for me, but it's quite the extravagant setup.
I didn't have to replace anything so far, so it's really just the electricity cost (But I don't even know what my total eletricity bill is, so no idea how much the NAS added).
270 mm x 300 mm x 340 mm for mine, so really quite compact. Currently sits at the edge of my desk.
The fan isn't louder than any other desktop PC but you get a lot of HDD noise. Doesn't bother me since I use headphones most of the time, but even without them I could just put it in another room. But you probably don't want to set it up in the bedroom.
I have 3-2-1 backup for my important data (only couple of TB), but no backup for the media library so far. But the raid6 setup with a hot spare should keep it reasonably safe from single disk faliures. I'm thinking about adding a UPS, but our energy grid is really stable and power outages are super rare, so it's not a high priority.
Yeah, currently only 100mbit up, that's quite limiting but enough for what I use it at the moment. I might be able to upgrade to 1gbps upload later this year, fingers crossed.