After writing several hundred TB, I have achieved a decent money saving in comparison with using HDDs.
On the other hand, when someone needs to store only 100 TB or less, there is no chance to recover the cost of the tape drive, so tapes are inappropriate for such a case.
The drive was super cheap, $150 used. I don't expect it to last forever, I plan to buy another tape drive as a backup and eventually upgrade to an LTO-6 drive.
After making 2 copies of all my important data, about 30TB on LTO-5 tape, I don't have that much to back up, maybe 2TB a month, but it's easy to justify buying a few more tapes every now and then. Buying 2 hard drives for redundancy is just not anywhere near as cheap as buying 2 LTO tapes for the same amount of data, even for people with less than 100TB of data.
After writing several hundred TB
Sheesh, what are you writing!?