I'm assuming that by version = depth, you mean that T[i] in the k-th version will contain the k-block minimum for the subtree rooted at 'i'. Persistent segment trees get their memory and time complexity based on the fact that each version differs from the previous one by 1 position ie., O(LogN) nodes in the tree. But, in this case, the minimum for k+1 can be different from the minimum for k at every node.Correct me if I got it wrong, if that is not what you meant.