Is HEVC (8-bit)/AAC a good, modern CODEC combination for rebuilding & reducing my library size without compromising quality? Helpful feedback would be appreciated.
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Exactly this, avoid re-encoding at all costs. Giant hard drives are real cheap these days
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Certified refurbished drives. They’re less reliable than new, but a hell of a lot cheaper. I’ve been running my Plex on a 14 TB.
Just beware of the sound levels of some of those drives.