This is my setup, and it works for me. I will illustrate why it works for me, and attempt to provide the cons it presents.
My Server sits on my PC. I don’t have a dedicated server, haven’t felt the need for one yet but it may be in the cards at some point.
I have my AMD 2700x on an MSI Gaming Pro Motherboard w/ 64GB RAM and a 1070Ti video card that I’ve unlocked for unlimited Hardware Transcodes
(Note: I do more than just Plex on this PC)
The motherboard has 6 SATA ports which hold 1x BluRay Burner and 4x10TB Hard Drives in RAID 0. I also have a SATA/SAS RAID Card with 8 more SAS/SATA ports that hold a littany of different sized drives. These will be changed out in Spring for 8x10TB, and 1 more 10TB will be purchased which will get plugged into the last slot on my motherboard, giving me a total of 130TB.
The case I have is the Cooler Master Cosmos II 25th Anniversary Edition. It holds 13 drives natively, and I converted 2 of the 5.25" bays to 3x3.5", giving me the capacity for 16 drives. All running on an 1100 watt power supply.
The reason I did it this way was because I didn’t want an extra device plugged into a power outlet. I didn’t want an extra device taking up even more space somewhere. I didn’t want an extra device generating more heat and more noise. I didn’t feel the need for a NAS or a DAS, when everything can be contained in a single machine that does what I want. It’s powerful enough to do the transcoding on the fly, it’s one less Operating system I have to worry about. It’s one less piece of electronic equipment I need to worry about. It’s one less thing to maintain overall. It’s just way more beneficial doing things this way for me personally.
I use backblaze as my online backup solution. It’s only $4.99/month which gives me unlimited storage for 1 device (My PC), and retains my information for 30 days after failure (or a year if I pay an extra $2/month) so if I do happen to have a drive failure killing my RAID(s), I can buy a replacement drive, and just re-download it. It’s a 1:1 backup which you can encrypt from your side if you’re not interested in Backblaze seeing what’s on there…
The only real con from my perspective is that it’s my main PC, which at the moment isn’t hindering me. Though I may need to switch out later if necessary.
That’s what works for me, you may find something different works for you… But I couldn’t justify a NAS or a DAS device when I had a perfectly capable PC sitting here…