It’s insane to think that hard drive space has gone from around $500,000 to as low as $0.03 per gigabyte in the last 36 years. It has, though. But that drop in price is slowing down. It has to. Even as recently as 8 years ago, drives were hitting under $0.10 per GB.
Backblaze recently had a look into just how hard drive prices have changed over the years, and they turned up something quite fascinating. One would expect that the larger the drive, the lower the per gigabyte cost. But it turns out that’s not quite happening in the real world.