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I imagine you'll have to reduce pricing on Backblaze B2 eventually in order to stay competitive. What's it like having to flip such a massive switch where your
by xhrpost 9y ago
I imagine you'll have to reduce pricing on Backblaze B2 eventually in order to stay competitive. What's it like having to flip such a massive switch where your revenue is X one minute and then X - 20% the next?
- teach 9y agoI don't understand. B2 is currently about half the cost of S3 for outbound data and 1/4 the cost for data at rest. What do you mean "stay competitive?"
- plantain 9y agoThey're not equivalent. B2 is singly homed.
- liquidgecka 9y agoSo is S3. You have to pick the region (home) for the data when you create the bucket.
- gamegoblin 9y agoFrom https://aws.amazon.com/s3/ https://aws.amazon.com/s3/ and https://aws.amazon.com/s3/details/ https://aws.amazon.com/s3/details/ Data is automatically distributed across a minimum of three physical facilities that are geographically separated by at least 10 kilometers within an AWS Region Designed for 99.999999999% durability and 99.99% availability of objects over a given year. Designed to sustain the concurrent loss of data in two facilities. From https://www.backblaze.com/b2/cloud-storage.html https://www.backblaze.com/b2/cloud-storage.html Uptime: 99.9% SLA Reliability: 99.999999% durability So S3 is 10x more available, 1000x more durable, and datacenter redundant.
- shawn-furyan 9y agoEleven 9s of durability is an utterly farcical guarantee from a decade old service. A single big durability event in the next century would irrevocably decimate that record. They really might as well claim 100% durability, because it is no less plausible. I mean, what are the odds that S3 will even be operating in 100 years? I'll certainly put $1 against $1,000,000,000 that it won't, and that's only one many ways it could fail the standard.
- xhrpost 9y agoI mean that prices in the cloud space tend to drop regularly, they can't stay at this price point forever.
- dna_polymerase 9y agoBut why would they lower prices now? They are already the cheapest.
- sp332 9y agoxhrpost said "eventually". Not now.
- brianwski 9y ago> you'll have to reduce pricing on Backblaze B2 eventually Yes. We have already dropped B2 prices once, and the expectation is we'll probably be dropping them regularly as our cost per GByte drops. > What's it like having to flip such a massive switch... What's amusing is the switch is tiny (just one constant in a json table) and but the fallout is massive. But realistically we have a business strategy of not making egregious profits, so we only drop prices when our margin is too high. Jeff Bezos of Amazon once said, "Your margin is my opportunity." Well, Jeff's margin is Backblaze's opportunity. :-) We survive and thrive because Amazon is being too greedy and marking up their storage (and outbound bandwidth) by way too much.
- marktangotango 9y agoThis, my friends, is the way it's done. Kudos!