There are on going cost with running the service so if new customers stopped signing up they would go broke when they run out of money. (i.e. like a ponzi scheme)
Unless they invest your seed capital and pay for your services from growth. This would work when times are good, but could fall apart during any significant financial crisis.
The current offer for the named service is asking for us$800 for 10TB, if they followed the 5% rule that would leave them with us$40 per year to provide the service.
I mean, cloud is more of an offsite backup solution.
Of course, the hardware you control is better, but fires are quite common, one fire and poof, your data is gome, and most people aren’t rich and don’t have second homes to set up a server in, nor do they have a friend willing to let them set up a server in their house. So cloud it is… 🤷♂️
I know a few people who have a HDD exchange going. A couple of times a year they drop off a HDD with their current backup at a friends house, then take the old one home to use next time.
It offline, so it can’t be accessed easily but its also protected from device failure,power surges, etc.
Its no good as a daily backup but its fine for static data e.g. videos of the kids as they were growing up.
If its just a HDD in a static proof bag it doesn’t take much room and can be stored easily.
Its got issues but it does offer a cheep offsite backup
There are on going cost with running the service so if new customers stopped signing up they would go broke when they run out of money. (i.e. like a ponzi scheme)
Unless they invest your seed capital and pay for your services from growth. This would work when times are good, but could fall apart during any significant financial crisis.
The current offer for the named service is asking for us$800 for 10TB, if they followed the 5% rule that would leave them with us$40 per year to provide the service.
You can easily buy 3 10TB HDDs with that money, plenty of redundancy, no need to have someone else do it.
Is there anything that can be installed on a hdd that would create your own personal cloud device (that can be accessed over a network)?
I mean, cloud is more of an offsite backup solution.
Of course, the hardware you control is better, but fires are quite common, one fire and poof, your data is gome, and most people aren’t rich and don’t have second homes to set up a server in, nor do they have a friend willing to let them set up a server in their house. So cloud it is… 🤷♂️
I know a few people who have a HDD exchange going. A couple of times a year they drop off a HDD with their current backup at a friends house, then take the old one home to use next time.
It offline, so it can’t be accessed easily but its also protected from device failure,power surges, etc.
Its no good as a daily backup but its fine for static data e.g. videos of the kids as they were growing up.
If its just a HDD in a static proof bag it doesn’t take much room and can be stored easily.
Its got issues but it does offer a cheep offsite backup