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Toshiba exec claims hard drives are 7X cheaper than SSDs and will continually evolve for large datacenters
(www.tomshardware.com)
This is a most excellent place for technology news and articles.
Not in so much detail, but it's also really hard to define unless you've one specific metric you're trying to hit.
Aside from the included power/cooling costs, we're not (overly) constrained by space in our own datacentre so there's no strict requirement for minimising the physical space other than for our own gratification. With HDD capacities steadily rising, as older systems are retired the total possible storage space increases accordingly..
The performance of the disk system when adequately provisioned with RAM and SSD cache is honestly pretty good too, and assuming the cache tiers are adequate to hold the working set across the entire storage fleet (you could never have just one multi-petabyte system) the abysmal performance of HDDs really doesn't come into it (filesystems like ZFS coalesce random writes into periodic sequential writes, and sequential performance is... adequate).
Not mentioned too is the support costs - which typically start in the range of 10-15% of the hardware price per year - do eventually have an upward curve. For one brand we use, the per-terabyte cost bottoms out at 7 years of ownership then starts to increase again as yearly support costs for older hardware also rise. But you always have the option to pay the inflated price and keep it, if you're not ready to replace.
And again with the QLC, you're paying for density more than you are for performance. On every fair metric you can imagine aside from the TB/RU density - latency, throughput/capacity, capacity/watt, capacity/dollar - there are a few tens of percent in it at most.