Earlier quoted context omitted.
He has a subdomain on his site that he uses for it: https://live.drewdevault.com/
You're not the right person to ask about this, but if Drew is around I would love to hear high-level details about what how this setup works and what the average monthly cost is. I can see that it's open source[0], and I'm very tempted to copy it. I'm already in the midst of migrating all of my video hosting to peertube, but I don't have a solution I'm confident in for livestreaming other than Twitch -- especially be…
Archival/storage of video shouldn't be that costly.
With 5400rpm drives (better for archival than more or less any other type of storage media, including faster hard drives), it looks like the going rate is about a United States cent per gigabyte. Two for 7200rpm drives from manufacturers that seem to produce the most reliable drives on the market, consumer-side.
A setup that could survive through a reasonable amount of drive failure, then, seems to be relatively inexpensive, so long as you're not trying to archive your video In The Cloud®.*
*Someone Else's Computer