Nor does this even account for cold storage, or reduced redundancy.
Nor does this even account for cold storage, or reduced redundancy.
The price has also appeared to flat-line because they are using a linear graph scale for logarithmic data. It should use a log-scale for the y-axis.
Cost of a single engineer to manage a Minio cluster probably already outweighs the extra cost you're paying at any reasonable scale (i.e. most companies). And if you're a big player the published costs are not what you're paying.
It's well known how to build a storage node whose cost is mostly disks, let's say 50% of the hardware is not disks.
So, redundancy and server costs explain up to a 6x mark up.
Power and networking really shouldn't account for the other 54x.
Don't get me wrong, S3 is expensive, but replicating the availability, feature set and scalability is going to be very expensive, too. You can cheap out if you don't need these features, of course.
The real killer on S3 is bandwidth anyway. Getting your data out of S3 costs much more than leaving it there, which I'm sure is by design.