$10 a month for 15 petabytes (15,000,000 Gigs) of storage.
Storage space is getting cheaper. For investing US$10 a month, you’ll have accumulated 15 petabytes of storage space by 2020.
Assuming you invest $10 a month in storage and start buying this year, buying additional space every year, you’ll accumulate 120 Gigs of storage space this year (2004). Enough for about 10 hours of quality video uncompressed from my camera. Not much, really.
By 2010, you’ll have accumulated 15 terabytes (15,000 Gigs) of storage space. Enough for 1250 hours (52 days) of video.
By 2020, you’ll have reached 15 petabytes of storage space - 15,000,000 Gigs. Enough for 142 years of 24 hour video.
Historical Notes about the Cost of Hard Drive Storage Space:
Year—price per 1 Gig
1980—500000
1985—80000
1990—9000
1995—1000
2000—15
2001—6
2002—3
2003—2
2004—1
As you can see, the price per Gig about halves every year. LaCie’s BigDisk (500 Gigs) currently costs $579.
This means that, if you keep paying $10.00 a month for storage ($120 a year), and only buy storage as you need it, you will get more or less the following storage available to you:
Year - Price per peta - $$ - Storage bought (in gig) - Storage accumulated (in gig)
2004—-1000—-120–120——120 (120 gig)
2005—-500—–120–240——360
2006—-250—–120–480——840
2007—-125—–120–960——1800 (1.8 tera)
2008—-60——120–2000—–3800
2009—-30——120–4000—–7800
2010—-15——120–8000—–15800 (15 tera)
2011—-7——-120–17000—-32800
2012—-3——-120–40000—-72800
2013—-2——-120–60000—-132800
2014—-1——-120–120000—252800
2015—-0.5—–120–240000—492800
2016—-0.25—-120–480000—972800
2017—-0.125—120–960000—1932800 (1.9 peta)
2018—-0.0625–120–1920000–3852800
2019—-0.0312–120–3846153–7698953
2020—-0.0156–120–7692307–15391261 (15 peta)
May 13th, 2004 at 8:02 pm
And not to forget, this one makes sense either:
http://www.commsdesign.com/news/tech_beat/showArticle.jhtml?articleID=16504179
http://www.mwc.net.au/
May 18th, 2004 at 6:56 pm
A terabyte for $500 and change
TigerDirect is advertising Seagate 120GB drives for $59.99 after the rebate. Applying my unique math skills (i.e., I’ve never done a calculation correctly), I think that works out to $511.91 for a terabyte of storage. Why, that’d be enough to store an …
May 18th, 2004 at 7:01 pm
A terabyte for $500 and change
TigerDirect is advertising Seagate 120GB drives for $59.99 after the rebate. Applying my unique math skills (i.e., I’ve never done a calculation correctly), I think that works out to $511.91 for a terabyte of storage. Why, that’d be enough to store an …
May 18th, 2004 at 8:03 pm
A terabyte for $500 and change
TigerDirect is advertising Seagate 120GB drives for $59.99 after the rebate. Applying my unique math skills (i.e., I’ve never done a calculation correctly), I think that works out to $511.91 for a terabyte of storage. Why, that’d be enough to store an …
May 18th, 2004 at 9:43 pm
Maybe I’m just not getting this…
The price of a petabyte today isn’t 1000$. The price of a terabyte is 1024$ (not 1000$). Also, the price of storage has halved every 14-18 months, not every year…
I really feel like I’m missing something. What clued me in is that even if the price of storage did halve every year, a petabyte of storage would only cost 1$ by 2025, not 2015.
Of course, your total storage is still right. I guess what tipped me off is that if a petabyte was only 1.5cents in 2020 you’d be able to buy 8000 petabytes (83910656000GB) of data that year… Which obviously makes no sense.
Hope that helps, unless I’m completely off-base :)
May 20th, 2004 at 9:54 am
Good Luck Finding that Needle
Storage Cost Predictions “Peter Van Dijck predicts the future of cost of data storage: $10 a month for 15 petabytes (15,000,000 Gigs) of storage .
May 22nd, 2004 at 10:31 pm
Jeremy: you are correct — that first field there should be terabyte, not petabyte. A petabyte today would cost about $10,000 today, not $1,000 as the chart suggests.
Assuming the cost of a gig of storage conintues dropping 50% per year, a petabyte in 2020 will cost $0.152 and those 15 petabytes will set you back $2.29+tax.
May 22nd, 2004 at 10:32 pm
Jeremy: you are correct — that first field there should be terabyte, not petabyte. A petabyte today would cost about $10,000 today, not $1,000 as the chart suggests.
Assuming the cost of a gig of storage conintues dropping 50% per year, a petabyte in 2020 will cost $0.152 and those 15 petabytes will set you back $2.29+tax.
June 3rd, 2004 at 9:20 pm
Geta your Gigs @ terabytebox.com ~$1 each. ;)
June 3rd, 2004 at 9:20 pm
Geta your Gigs @ terabytebox.com ~$1 each. ;)
June 3rd, 2004 at 9:27 pm
Geta your Gigs @ terabytebox.com ~$1 each. ;)
June 5th, 2004 at 11:14 pm
Omega3 Fatty Acids
July 1st, 2004 at 12:53 pm
And this is my homepage.
Ernest Garcia o