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All devices connected to the UPS will suddenly get cut off from power; this is very bad for hard drives!
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It was quite panic, as such shut off may cause hard drive damage (actually file structure damage) if hard drive was at same time writing on the disk
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I guess I was lucky that the at the time of shut down, my hard drive was not writing on the disk
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Running a 2016 iMac, audio interface, Cisco network switch, and iMac peripherals (external hard drives, etc) and still only hitting about 15% of the load, so my battery backup time is calculated to be ~35 minutes.