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TerraMaster F2-423 2-Bay NAS vs Asustor Nimbustor 2 Gen2 AS5402T

The Asustor AS5402T is the better choice for most home users who want fast networking, media transcoding, and room to grow with NVMe caching. The TerraMaster F2-423 offers more drive bays for larger raw storage and supports RAID 5/6, but its single 2.5GbE port and weaker CPU limit performance. Build quality is similar, but Asustor's ADM software is generally more polished and receives more frequent updates. Owners praise the AS5402T's dual 2.5GbE and HDMI, while F2-423 users like the value of four bays but note the slower processor.

  • Choose the TerraMaster F2-423 if you need four drive bays for maximum internal capacity and plan to use RAID 5 or 6 for a balance of storage and redundancy.
  • Choose the Asustor AS5402T if you want faster dual 2.5GbE networking, HDMI 4K transcoding, and four NVMe slots for caching or fast storage.

Prices

  • TerraMaster F2-423 2-Bay NAS: $299.99 at Newegg.com (checked today)
  • Asustor Nimbustor 2 Gen2 AS5402T: $406.99 at eBay (last seen Nov 9)
  • Difference: the TerraMaster F2-423 2-Bay NAS is $107.00 cheaper than the Asustor Nimbustor 2 Gen2 AS5402T at the latest prices (Nov 9 and Nov 10)
TerraMaster
TerraMaster F2-423 2-Bay NAS

TerraMaster F2-423 2-Bay NAS

$299.99at Newegg.comChecked 1 h ago
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Pros
  • Four drive bays allow larger storage pools and RAID 5/6
  • Supports RAID 5 and RAID 6 for better redundancy
  • 2.5GbE port for faster transfers than Gigabit
  • Lower cost per bay for high-capacity setups
Cons
  • Only one 2.5GbE port, no link aggregation
  • No M.2 slots for NVMe caching
  • No HDMI output for direct media playback
  • CPU may struggle with heavy transcoding
Asustor
Asustor AS5402T

Asustor Nimbustor 2 Gen2 AS5402T

Asustor AS5402T

5(1 rating)
$406.99at eBayChecked Nov 9
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Store links may earn us a commission.

Pros
  • Dual 2.5GbE ports with SMB Multichannel for up to 5Gbps
  • Four M.2 NVMe slots for caching or fast storage
  • HDMI 2.0b with 4K hardware decoding for media playback
  • Quad-core N5105 CPU handles transcoding and multitasking well
  • Tool-free M.2 installation and USB 3.2 Gen 2 ports
Cons
  • Only two drive bays, limiting raw capacity
  • No RAID 5/6 support (only RAID 0/1/10/JBOD)
  • Higher cost per bay for large storage

What separates them

TerraMaster F2-423 2-Bay NASAsustor Nimbustor 2 Gen2 AS5402T
Drive bays4 bays (supports RAID 5/6)2 bays (RAID 0/1/10/JBOD)
Network portsSingle 2.5GbEDual 2.5GbE with SMB Multichannel
M.2 NVMe slotsNoneFour slots (tool-free)
HDMI outputNoHDMI 2.0b with 4K hardware decoding
CPUIntel Celeron (quad-core, model not specified)Intel Celeron N5105 quad-core 2.0GHz (burst up to 2.9GHz)
RAM4GB (likely DDR4, upgradeable)4GB DDR4-2933 (user-upgradeable to 16GB)
USB portsUSB 3.2 Gen 1 (5Gbps) typicalThree USB 3.2 Gen 2 (10Gbps)
Operating systemTOS (Linux-based)ADM (Linux-based)

Price history

$406.99$216.97
Oct 31Nov 10
  • TerraMaster F2-423 2-Bay NAS: lowest $216.97 on Nov 9 at Micro Center; $216.97 on Nov 10.
  • Asustor Nimbustor 2 Gen2 AS5402T: lowest $406.99 on Nov 9 at Best Buy.

Prices at every store

TerraMaster F2-423 2-Bay NAS

  • Newegg.comNew

    In stockSold by TERRAMASTER OFFICIAL

    $299.99Free shippingChecked 1 h ago
    Visit Newegg.com
  • Newegg BusinessNew

    Availability unknownSold by TERRAMASTER OFFICIAL

    $341.99Checked 1 h ago
    Visit Newegg Business
  • Micro CenterNew

    Out of stock

    $216.97Checked 1 h ago
    Visit Micro Center
  • WalmartNew

    Out of stockSold by Beach Audio Inc

    $379.99Free shippingChecked 1 h ago
    Visit Walmart
All 4 stores and price history →

Asustor Nimbustor 2 Gen2 AS5402T

  • eBayNew

    In stockSold by aaawavecom (99.7% positive, 32,786 ratings)Returns: Set by the eBay seller; the eBay Money Back Guarantee covers an item that doesn't arrive or isn't as described.

    $406.99Free shippingChecked Nov 9
    Visit eBay
  • WalmartNew

    In stockSold by DealClockReturns: Sold by a Walmart Marketplace seller; returns go to the seller under the seller's returns policy.

    $406.99Free shippingChecked Nov 9
    Visit Walmart
  • Best BuyNew

    In stock

    $406.99Free shippingChecked Nov 9
    Visit Best Buy
  • NeweggNew

    In stock

    $406.99Free shippingChecked Nov 9
    Visit Newegg

Store links may earn us a commission. Some prices via Klarna.

All 5 stores and price history →

Specs compared

SpecTerraMaster F2-423 2-Bay NASAsustor Nimbustor 2 Gen2 AS5402T
Form Factor2.5", 3.5"2.5", 3.5"
RAIDYesYes
SATAYesYes
RAID LevelsRAID 10, RAID 1, RAID 5, RAID 6, JBODRAID 10, RAID 0, RAID 1, JBOD
RAM4 GB4 GB, 8 GB
RAID LevelRAID 0, RAID 1, RAID 5, RAID 6, RAID 1+0—
Without Hard DriveYes—
TypeNAS—
Network ConnectivityGigabit Ethernet, 10/100 Ethernet—
Personal Cloud StorageYes—
Installed RAM4 GB RAM—
eSATANo—
Show all 31 specsShow fewer specs
SpecTerraMaster F2-423 2-Bay NASAsustor Nimbustor 2 Gen2 AS5402T
Ethernet Speed2.5 GigaBit Ethernet—
Hard Drive Slots4—
size2 Bay—
Memory—4 GB DDR4-2933 (user-upgradeable to 16 GB)
Drive bays—2 front bays (no drives included); supports HDD…
M.2 slots—Four NVMe M.2 slots (tool-free installation)
Network—Dual 2.5GbE LAN with SMB Multichannel support
USB—USB 3.2 Gen 2 (10 Gbps)
Video output—HDMI 2.0b with 10-bit 4K hardware decoding

What reviewers say

TerraMaster F2-423 2-Bay NAS

Owners generally rate the F2-423 well for its price, hardware and easy setup, and many use it as a Plex server or backup target. Complaints center on the TOS software interface and on the cost of adding drives and a 10GbE card.

What people mention
  • SoftwareMixedOwners find TOS usable but less polished and less well documented than Synology or QNAP systems.
  • PerformancePraisedThe Celeron N4505 and 4 GB RAM handle file sharing, Plex transcoding and Docker containers smoothly.
  • SetupPraisedTool-free trays and a guided installer get the unit running quickly.
  • ValuePraisedBuyers say the hardware is strong for the price compared with big-brand two-bay units.

Asustor Nimbustor 2 Gen2 AS5402T

Owners and reviewers treat the AS5402T as one of the faster two-bay NAS units in its class, mainly for its 2.5GbE networking and four M.2 slots. Praise centers on build quality, quiet running and smooth 4K transcoding, while complaints focus on the diskless package and the smaller app library.

What people mention
  • Network speedPraisedOwners report large file transfers finishing much faster over 2.5GbE than on gigabit-only NAS units.
  • M.2 slotsPraisedReviewers like having four NVMe slots for cache or SSD volumes without sacrificing the hard drive bays.
  • NoisePraisedUsers describe it as quiet in normal operation, helped by the vented M.2 thermal design.
  • App ecosystemCriticisedSome owners say ADM has fewer third-party apps than Synology's DSM.

Questions and answers

Which is better for Plex and 4K transcoding?
The Asustor AS5402T is better. Its Intel N5105 CPU and HDMI 2.0b with hardware decoding handle 4K transcoding smoothly, while the TerraMaster F2-423 lacks HDMI and has a weaker processor.
Can I use RAID 5 on the Asustor AS5402T?
No. The AS5402T supports RAID 0, 1, 10, and JBOD only. For RAID 5 or 6, you need the TerraMaster F2-423 or a NAS with more bays.
Which has faster network speeds?
The Asustor AS5402T has two 2.5GbE ports that can be aggregated for up to 5Gbps with SMB Multichannel. The TerraMaster F2-423 has a single 2.5GbE port.
Is the TerraMaster F2-423 worth stepping up to over the AS5402T?
Only if you need more than two drive bays or RAID 5/6. Otherwise, the AS5402T offers better performance, connectivity, and media features for most home users.
Which one is easier to upgrade?
Both allow RAM upgrades, but the AS5402T also has four tool-free M.2 slots for adding NVMe SSDs. The F2-423 has no M.2 slots.

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Operating system
—
ADM (Linux-based)
Weight—1.71 kg
Colour—Black
Dimensions—170 (H) x 114 (W) x 230 (D) mm
Flash memory—8GB eMMC
Processor Cores—Quad Core
Built-In Hard Drive—No
Ethernet—Yes
Processor Speed (GHz)—2.9
USB-A—Yes