My current Time Machine drive is a 4TB HDD I've been using for...probably like a decade at this point. It's been very reliable. But being an HDD, it has the obvious downsides of noise and slowness.

Apple’s Time Capsule base station put a Wi-Fi access point, a network router, and a backup drive that tied into Time Machine all in a single box. That was its downfall, too: if the drive failed or ...