Yep, @uChiaFarmer nailed it:
I use one of these per 10 disks: Amazon.com: BANKEE DC 12V 24V to 5V 15A Converter DC Voltage Reducer Regulator Step Down Buck Converter Power Supply Volt Transformer Module (12V/24V to 5V 15A): Electronics
The 12v line from the PS goes into the input terminals. I also put the 12v line from the SATA power connector on these input terminals - a natural splice. Then I put the 5v line of the SATA power connector on the output terminals. Now I have a single line running from the PS, interrupted briefly by a 12v-5v converter, then finally 12v and 5v going into the SATA power connector. Here’s a pic for clarification:
Of course, but have you ever priced a good 800 watt PSU? These refurbed 1200w server PSUs go for $55 on Amazon and they are rock-solid!
Because money! See above. Although after the additional breakout board, wires and 12-to-5v converter maybe I’m not actually saving any money.