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Depends on your host, some will charge you a once off fee (or install it gratis if you're a good customer), others will want to charge a monthly fee.
I personally think that paying $30 a month ($1080 if you have it for 3 years) for an additional hard drive is a bit rich, but I've had it pointed out to me that it's not purely a capital cost since the drive consumes extra power and generates heat which must be dissipated. It's nowhere near $30 a month though, otherwise the base price for servers consuming 300-400 watts would be $1000+ per month
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