1. I have never turned off a PC in my life. A PC will actually last longer if you do not power cycle it ;) For me, once I build a PC and power it up, the only time it's powered down is if the electricity goes out, which is very rare as we have really reliable electricity :) In short without getting too technical, for those who don't believe me; ask yourself this 'on average, which lasts longer, a desktop or a laptop?' now, why do you think desktops last longer? By design people power cycle laptops more often than any other type of machine ;)
as a side note, for all those economic folk, it really does not cost that much to run a PC 24/7; most modern machines should only cost you roughly $20~30 a month to leave powered on 24/7. Myself, I normally have at LEAST 6~7 PCs running 24/7 (that includes all my servers).
2. Really decent hardware is pretty cheap now-a-days. I own 20 machines, and all minus one or two are 'pretty up to date', my definition of 'pretty up to date' is that all machines were built within the past year. My advice, shop wholesalers, or eBay. So, granted I would never recommend to run any kind of server on an 'every day user' PC (granted SOME may be "good enough" for it), it can be relatively low cost to build and tailor something for your specific server needs.
So, my advice on this one; yes, do not run any type of server on your 'every day user' PC, rather build a dedicated machine with a purpose.
3. I agree with this one, to an extent. I realize that internet connections very greatly from location to location, and service types available. However, my residential service connection is pretty good for what it is: It is a VDSL2 connection; I have unlimited (monthly) bandwidth, 24 Mbps downstream, and 3~5 Mbps upstream. All this for only $65 monthly!
My only problem personally, is 3~5 upstreams would not be enough for me to run a pw server in addition to all the other servers I already run, and my normal day to day personal use of this connection :\ I would have to get a whole separate connection just for PW :\
4. Kinda tying in with number one, yes. My house is like my mini-data-center. I have so many PCs running it's not even funny. On the rare occasion that the power does go out, it's kinda scary quiet, because my whole family is used to our residence sounding like a 747 jet 24/7 (all the cooling fans humming throughout the house). If that was something a person or family wasn't used to; I am sure it could take some getting used to, but for my family and I, it's more weird when the fans stop (like I said; it gets scary quiet). [that and, it's kinda neat when the power does go out, and you listen to the scary silence, and then you hear me fire everything back up; it almost does sound like a jet airplane about to take off by the time I have all my machines back on

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Oh, and you do not have to change fans once a week from leaving a PC on 24/7; you
DO however have to vacuum them at a minimum of once a month, or, at least I vacuum all my machines once a month. Hell, I would recommend to anyone to vacuum their PC once a month, even if they turned it off every night! Back to the fan thing though, I would say decent case fans will or should last at least 2 years. CPU heatsink/fans should last ; oh well I don't even know because none of mine have ever gone bad :rofl: Hell, I have a PC that is around 13 years old, and the CPU fan still tickin' ;) [hint: I don't use OEM CPU heatsinks or fans, I always go 'aftermarket', as I know OEM is garbage and usually will burn out; and like I said I vacuum regularly ;)]
So all in all, unless you're some kind of "cheap skate" (cannot afford the $20~30 a month) or the noise really does bother you, there is no reason not to leave a PC on 24/7. If anything, it will even save you money from having to buy another PC prematurely, when the life of your PC is extended by leaving it on. Actually, and if the noise is an issue, yes, there are other options; like getting/using SilenX (
SilenX Corporation - iXtrema Pro Fans) fans (or something similar) or even liquid cooling. So the bottom line is, unless you're 'too cheap' or just cannot afford to; there is really no reason not to leave a PC on 24/7, not even noise ;)