Selfhosted
A place to share alternatives to popular online services that can be self-hosted without giving up privacy or locking you into a service you don't control.
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If you have old parts, use those, it'll probably overkill. Most server stuff isn't very resource intensive, so a little goes a long way.
If you're buying something new, I'd recommend something small, like a Mini PC or an N100 rig. 16GB RAM is probably enough, and anything with more than 4 cores is probably overkill. A dedicated GPU is unnecessary, something with a modern-ish iGPU will be plenty to transcode video.
Using recycled parts is the best advice. As you said, it's almost certainly overkill and the price can't be beat.
Yup, my first NAS was my first desktop PC, and I've upgraded it as I upgraded my desktop. My current NAS is still running my original Linux install, and currently has a Ryzen 1700 and Nvidia 750 Ti.. Y desktop has a Ryzen 5600 and an AMD 6650XT, and I'll upgrade my NAS to that when I upgrade my desktop.