The loss of any of these devices may leave you at a great loss of data that might never be recoverable again.Īlso, Cloud storage always has a higher level of security than locally stored files. The files in the cloud are more secure and cannot be lost or corrupted unlike other storage mediums such as the hard disk, compact disc, flash drives, etc. Different people can also work on a project once it is on the cloud. Secondly, they are hosted on the cloud to enable sharing capabilities.
Firstly, they can serve as a backup for files on your computer. This is because cloud storage is more reliable than other traditional means of storing files.ĭifferent kinds of files can be stored on clouds such as documents, images, videos, music clips, and any other file in digital format.įiles are stored on the cloud for two main reasons. The network will have no full-time employees, no offices, no heating and cooling expenses, and no shareholders to demand profits.Recently, cloud storage has become more popular among tech geeks and even in other areas of life. The Storj network will run on the users’ existing computers, so operating costs will be much cheaper than a centralized provider. Storj plans to drop the cost of cloud storage dramatically. Storj will only charge for storage used, not capacity. One should also note that Amazon charges for the amount of capacity used, not for total capacity like Dropbox does. Therefore, after hosting expenses Dropbox is making about $0.06 per GB per month, or $72 per year per subscriber. Amazon charges $0.0275 a month per stored GB after its client has used more than 5,000 TB of data, which should be more or less what Dropbox is paying. It is worth mentioning that it doesn't matter if the user stores 100 GB or 1 GB on his account he or she will still have to pay $99 a year for the whole 100 GB capacity, not the actual usage.ĭropbox is known to use Amazon's S3 cloud storage services for their backend. This is roughly $1.00 per GB per year or $0.083 per month. Let’s look at Dropbox’s $99 per year plan, which provides users up to 100GB of cloud storage. Dropbox’s free plan limits users to 2GB of cloud storage, but users can pay a monthly or yearly fee for a larger capacity.
Even neglecting privacy, Storj can easily beat Dropbox’s prices.
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