I heard Wasabi plans to raise its price to $1 per TB on July 1. Some people are considering renewing for three or five years to keep current rates, while others mention reserved capacity and overage charges. How are you weighing the options?
Wasabi is raising prices to $1 per TB. Is renewing early worth it?
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c7+Mullion
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Before committing for years, compare the new rate with what you actually pay now and check the renewal terms. A longer contract can make sense if your storage needs are predictable, but it also ties you to a capacity estimate that may stop fitting.
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Look at reserved capacity if it’s available on your plan. The useful question is not just the headline price, but how the reservation, minimums, and overages compare with your month-to-month usage. If usage fluctuates, a smaller reservation plus occasional overage may work better than paying for a large fixed amount.
b7-Crimper:
Do the overage terms vary by contract? I’d want to compare the actual numbers before deciding.
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If the service is still cheaper than your alternatives and the data is already there, a price increase isn’t automatically a reason to move. Run the new monthly total against your backup budget, then include the time and operational risk of switching providers.
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Be cautious about locking in just because there’s a deadline. Check what happens if you need less storage, more storage, or want to leave early. A multi-year rate is only a win if the commitment matches your likely needs and the contract spells out those cases clearly.
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j3~Trellage:
Good point. I’m going to check whether the rate lock applies to all the storage we expect to use, not just the current amount.