𝐓𝐡𝐞 𝐜𝐨𝐬𝐭 𝐨𝐟 𝐬𝐭𝐨𝐫𝐢𝐧𝐠 𝟏-𝐛𝐢𝐭 𝐝𝐚𝐭𝐚 𝐟𝐫𝐨𝐦 𝟏𝟗𝟓𝟕 𝐭𝐨 𝟐𝟎𝟐𝟒? Digital storage is an integral part of our life. Whatever digital technology we see from Disk drives to solid state drives (SDDs) and flash memories, they have a cost that is paid by users. Using a carefully collected dataset (https://lnkd.in/gicZYktN), I am going to analyze the evolution of this cost in terms of cost per bit and daily cost reduction. 𝐂𝐨𝐬𝐭 𝐩𝐞𝐫 𝐛𝐢𝐭 In 1957, the cost of storing 1-bit of data using a Phister 366 transistor flip-flop was approximately $51.38. By July 2024, using a modern 2x 32GB DIMM DDR4-3600 SSD from Patriot Memory's Viper Elite series, that same 1-bit of data would cost just $0.00000000019125. This staggering reduction represents two following points:. First: the percentage decrease is 100% which is near-total elimination of cost. Second: a cost drop by a factor of 268 billion times which is about 11 orders of magnitude cheaper. 𝐂𝐨𝐬𝐭 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐩𝐞𝐫 𝐝𝐚𝐲 From January 1, 1957, to January 1, 2024, there are 24,471 days. Therefore, The cost of storing 1 bit of data decreased by approximately $0.0021 per day over this period. This highlights the profound and steady reduction in data storage costs across 67 years. Here's a visually compelling plot showing the dramatic reduction in the cost of storing one bit of data from 1957 to 2024. The logarithmic scale highlights the exponential decrease, capturing the extraordinary advancement in storage technology over the decades.
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Associate Professor at University of Maine, Director of the Applied Cultural Evolution Laboratory (ACE Lab)
1wWould be nice to have some data from the intervening decades, because the shape of that curve tells us important information about the nature of the process.