this post was submitted on 21 Aug 2023
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Only if you have archived data and use fitting lifecycle policies. 2TB of regular S3 would cost ~$40 which is about 4x the price of Google Drive. That's not even accounting for the data retrieval costs.
I bought 20TB HDDs Seagate, the price is about 16 euros per TB.
Great if it works out for you, but it's not equivalent to cloud (access anywhere, automatically backed up...)