*May want to COPY my handbrake settings suggestions.
WDMYCLOUD:
3TB example ($140USD):
http://www.amazon.com/Cloud-Personal-Network-Attached-Storage/dp/B00EVVGAC6/ref=sr_1_3?s=pc&ie=UTF8&qid=1451128687&sr=1-3&keywords=wdmycloud
(I have a 4TB model and added a 4TB WD Elements USB directly to it as an automated BACKUP because ripping again would be a lot of work)
Please note the reviews may seem low but they had initial software/firmware issues that have been resolved. I bought a long time ago and only had issues for the first month or so and it's been flawless since and streamed to my WDTV Live Hub, Samsung player, computer, phone etc.
*Do note that Cinavia watermarking exists and BluRay players will mute audio for any video you compressed that has this. The players started coming out 2013 I believe (it was mandatory) though I have no issues on other devices (though other future devices and software will end up requiring this).
Great video ripping software:
1) MakeMKV (no compression, just main movie with MKV container)
2) Handbrake (small learning curve but quality is awesome if you do it properly)
other:
3) MKVMerge (not necessary but I use it to remove subs/audio tracks in some videos)
I built up a library of several MakeMKV rips, then added them all to a queued list in Handbrake to run until completed.
*You should EXPERIMENT with a small video file (MKVMerge can actually snip off a piece of video such as say five minutes). I ended up with these basic settings (for 2D):
a) NORMAL profile (for device decoding compatibility)
b) anamorphic->none
c) filters-> none (decomb for DVD though)
d) H.264
e) variable (do NOT use constant)
f) 8,000Kbps (plus or minus if space is an issue such as fitting to a DVD to store... otherwise beyond this is rapidly diminishing noticeable quality)
g) 2-pass
h) optimize-> Medium (slower didn't seem to help much... unless low bit rate to save space)
i) Audio-> pass-through of DTS/DTS-HD etc, or keep DTS and AC3 (for compatibility)
j) Chapters-> yep.
*Other than Handbrake?
There's nothing else I like. Some are a lot faster but at lower quality. Some are similar but confusing. It's also free.
H.265?
Avoid this completely. Minimal decoding support, and while space savings is nice hard drives are fairly cheap. I averaged about 7GB per movie (looks same as BluRay original to my eyes even fairly close). So that's roughly FOUR HUNDRED movies you can store on a $140 WDMYCLOUD server.
For 22-minute BluRay anime episodes I've found 400MB is roughly the max I needed for near-perfect. You don't need as much for cartoon/anime content due to the compression algorithms. Heck, I even got as low as 50MB which was surprisingly good on my phone.