Fred Langa made a Terabyte server for about $500! – “A short while ago, I received a challenge from a reader who didn’t believe me when I said in print that it was possible to put together a brand-new terabyte (1,000 Gbytes) file server for around $500. Well, you can, and I did. The example system I put together now resides on the far side of my office, offering up a thousand gigabytes–that’s a lot of disk space!–as network storage on my office LAN.” – Link.
HOW TO – Terabyte file server for $500

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