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As a whole, Patriot marks some excellent points with the Valkyrie. First of all, lets put a price on this NAS. Patriot is targeting $140 after mail-in-rebate, which translates to a retail price of $160. The good news is that it's already available for slightly cheaper than that at the egg. This makes it the cheapest NAS of its class by a more than fair margin.
Where did they cut costs? Apparently not on build quality. Even without any installed hard drives, it's surprisingly heavy and the mostly metal enclosure has a durable feel to it. The limited use of plastic certainly has something to do with it too. The small 40mm fan at the back is relatively quiet, but definitely noticeable in a low noise environment and did a questionable job at keep the drives cool. They don't get scorching hot, but using low power drives would be a wise choice to minimize not only heat, but also power consumption.
With two drives installed, it idles at about 17W and barely climbed to 20W while copying files. Why such a small jump? The processor consumes very little power, but it's so slow the drives are basically idling. Which brings me to the Valkyrie's primary weakness: performance.
Of course, they need to cut corners somewhere to meet that price point and that's where they did. The cheap, low power, embedded Marvell processor simply can't handle much more than a 100 Mbps network connection. However, similarly priced NAS' are also affected by that same problem so while I would really have liked to see it perform better, at least it's not significantly worse than the competition. At about 10 MB/s, transferring a many-gigabyte file to or from the NAS was about 7 times slower than copying files from a computer to another.
While the Valkyrie can handle RAID0, there's really no point to using that as it would be putting data at risk without any performance advantage. There's also JBOD. This one basically merges drives into a single volume, which is more or less useful on such a device. If you have identical drives, the sensible choice really is RAID1 -- it duplicates data over both drives so if one fails, you don't lose anything. Otherwise, you might as well run treat the two drives as two separate entities.
The Valkyrie's appeal comes in its vast array of features. With FTP, DDNS, iTunes server, UPnP, BitTorrent and even a print server, it's a very flexible device. In fact, the Valkyrie is much more than simply network storage with FTP access, but I did run into a few snags. First of all, the DDNS didn't call home to update itself so whenever my external IP address changes, I have to manually log in to my DynDNS.org account. Manageable when you're at home, but if you're out, it's too bad but you're not getting any access to the NAS. Secondly, we are still working on this one, but we never got UPnP to work on my end. It apparently works, but for some reason mine does not.
Other than that, FTP worked as expected, the unit was able to download large torrents without issues and the print server is a really neat addition too. Then comes the media streaming part which is really cool. It was quite satisfying to watch the Valkyrie simultaneously stream two 1080p movies, a DVD movie and music flawlessly over four different computers. Patriot may not have the fastest chips on board, but thanks to bandwidth efficient codecs, media streaming is a walk in the park for the device. I had been eying one of these media players for a while, but this NAS does that and so much more. There are pros and cons to both solutions and while I have no doubt lots of people prefer the cleaner and simpler players, I certainly enjoy the flexibility this NAS provides.
Overall, the Patriot Valkyrie NAS is a great entry level unit -- affordable, well built and packed with higher than entry-level features. The unit has a few minor annoyances, including the non-stop blinking red light when no drive is installed, the scheduled restart should delay itself if there is network activity and it only supports FAT32 and Ext2. However, a firmware update is supposed to be released in the coming weeks, which will bring support for Ext3 and possibly improved performance among other fixes. Once Patriot works out the Valkyrie's few rough edges, it'll be hard to resist the attractive $140 price tag. While it's certainly not anything near fast, if you're looking for an affordable, flexible, centralized data storage solution for your home, look no further!

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It's the Marvell processor they use (like most cheap NAS) that is slow
It's a tiny board in a small enclosure too so they probably ran into thermal limitations...
Hi Guys
Just thought I would let you know about the "Patriot Valkyrie Dual 3.5in NAS Enclosure" that is currently selling as one of the cheaper NAS's around. I purchased this a week ago from pccg.
As I could not find any recent good reviews I thought I would do a quick write up.
Basically I wanted it to be able to store network files & use as a bit torrent downloader.
My initial thoughts are that it was relatively easy to set up, the box is very sturdy and looks quite good.
Pros: It does what I want it to do, basically and has DNS access and a whole lot of other things with it. Hard drives are easily installed and slot in. Box is quiet I can't even hear it and it draws about 15Watts under load (from my dodgy ebay power meter) on idle it is significantly less depending on the type of drives you have.
Cons: It is incredibly slow to access, transfer files (sort of defeats the purpose of buying it). I was attempting to transfer data from 1 HDD to the other HDD (in BOHD mode) The best speeds I was getting was about 10mb/second. Now I was tranferring 100GB to the other drive (both sata 2s) and it took 6hours.
The same goes for transferring files from the LAN to the box, basically I was getting anywhere from 5mb – 10mb a second, very rarely did it pop over 12mb for more than a few seconds.
The software that comes with it, is clumsy, crap, doesnt work properly in firefox and extremely basic. The Bit torrent section is very basic, and consists of, add file, download, delete. There is a 'global settings' but this only lets you select how fast to download, not scheduling or anything like that. It really does look like a 12 year old knocked it up in front page express.
It has USB extension ports, for other devices, but they dont work! Yes you actually have to format the device first in its own preferred file format before it will let you recognise it. I tried 3 different devices and it would recognise none!.
Most of the features struggle to run when even 1 hard drive is in use, so if you expect to transfer files, while a bit torrent is running... good luck.
I streamed a movie from in (in div x format) to my tv and it seemed to run quite well. There was no stutter or anything like that, however it took ages to load the div x about 20-30 seconds.
The support from Patriot is really pathetic, you only have to log onto there forums to see the amount of unhappy people. Patriot have been promising a firmware update for about 4 months now that should 'fix' everything but as yet nothing has been heard and there is no actual employees that respond on the forums. Think battlefield 2 and the promised patch that came 2 years later?.
If I had to choose again I would build my own crappy file server as at least you could get the full use of the network!. I have 10/100/1000mb connections on my network and to get 5mb a second is just pathetic.
If you want a cheap NAS box to download torrents, or can restrict it in your router, and don't mind having to wait a stupid amount of time while your files transfer,and you dont actually have to 'back anything up' then this would be for you!.
If however you want a device that works, stick to something else because this is a waste of money!!!!!!!!!!!!!!!!!!!!!!!!
Please feel free to ask me any questions and I will update this post with them.