I bought a 3T back up/ cloud drive to not only back up my computer files but to keep a back up of my DVDs. I'll be streaming them to watch on my computer, phones and in the future my tv. There's different options that I really don't know what the difference is. I want something good quality, able to stream well, faster ripping and maybe a little compression ? Does the container matter? avi, mp4, m4v, mpg? What about the codec? x264, mpeg4, mpeg2, xvid? I copied The Hobbit and it ended up being 1.4gb and took like 3-4 hours. Thoughts or tips? Thanks.