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Workflow for my 55 TB movie collection:

1. Purchase the optical media, preferably 4K with digital copy. If I am patient I can often purchase for just the cost of the digital copy.
2. Rip to a folder using MakeMKV on my storage device using the Plex recommended naming conventions. All extras go into a featurettes subfolder.
3. Scan the front and back covers in highest quality to serve as the movie posters.
4. Add the movies to my movie database using the CLZ iPhone scanner app on the barcode
5. Play using my Plex server. If I want the best audio quality play with my NVidia Shield

This process gives me the best possible video and audio quality unlike the lossy Apple store titles.

 
  1. Buy big fat HDD for dirt cheap.

I like the Samsung 8TB Sata SSD's. They're speedy enough to stream nice high res files off, require no extra power supply, fit in a nice small enclosure, and you can put any length usb cable you want on them with whatever end you want. If you want it playing on your TV computer, plug it into that, want it plugged into a computer across the house, plug it into that with no fussing around, throw it in a bag to take on vacation and it takes up about 0 space.

A pair of those hold my entire 30 year media library. Audiobooks, Books, Movies, Music, TV Shows, Software, Software Tutorials, and a regular backup of my Lightroom library. If you're more clever than me, you'll get an enclosure/interface with a physical read-only lock switch on it, so you can fully protect your library from corruption & hyperactive nephews who "accidentally" delete whatever they copy from you.
 
SSD is fast and quiet, but a regular old HDD will do the "home media" collection storage & streaming job just fine. It is not a high demand thing to flow video from even a slow drive. And obviously, it's much more economical too. Pricing of 8TB SSDs tend to be running north of $700 on a good day. $700 would buy several 20TB HDDs so one could have one in active use and 1 or 2 more as media library/Time Machine backup drives (of size).

If cost factor isn't much of an issue, yes, get 1+ 8TB SSD(s). But if it is a bit of a stretch, buy a much bigger HDD or 2+ for the same budget and have plenty of storage for the future, backups, etc.
 
SSD is fast and quiet, but a regular old HDD will do the "home media" collection storage & streaming job just fine. It is not a high demand thing to flow video from even a slow drive. And obviously, it's much more economical too. Pricing of 8TB SSDs tend to be running north of $700 on a good day. $700 would buy several 20TB HDDs so one could have one in active use and 1 or 2 more as media library/Time Machine backup drives (of size).

If cost factor isn't much of an issue, yes, get 1+ 8TB SSD(s). But if it is a bit of a stretch, buy a much bigger HDD or 2+ for the same budget and have plenty of storage for the future, backups, etc.
I would tend to agree and perhaps add - possibly a 2 drive NAS that is set up as a RAID 1 (mirrored drives). For me, I have used NAS for years and these days, while not cheap, one can even get ALL SSD NAS units. Asustor make as 6 slot MVNe and a 12 slot NAS and QNAP has a fairly new 5 bay SSD unit. The latter being quite expensive but very robust and configurable. If I had to return to regular hard drives for NAS, I would opt for a 4 bay and do RAID 10 rather than RAID 5 or 6. This is based on your words as well about the price of regular hard drives being accessible for larger volumes.
 
Yeah - once you have downloaded your own copies of your media/ripped to HDD, you are a couple of very short steps away from having your own media server. With all the options for this these days, particularly when combined with a (increasingly cheap) NAS, it really makes no sense to stop at the portable HDD/Computers app. You are 99% of the way there, but have only realized 20% of the benefit.
 
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