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        Backblaze Raises Prices to Address Changing Industry Conditions

   Adam Engst

   On 17 August 2021, online backup vendor [1]Backblaze will raise its
   prices to $7 per month or $70 per year. Until then, existing customers
   can lock in the old price of $60 per year for another year with
   extension backup credits (in essence, you prepay for another year of
   service). Backblaze CEO Gleb Budman attributed the price increase to
   the double whammy of customer backup sizes increasing by 15% over the
   past 2 years and electronic component costs increasing instead of
   falling as they traditionally do. Although Budman doesn't point
   fingers, it's hard not to wonder if the increasing component costs
   might be due to the massive storage requirements of the new [2]Chia
   cryptocurrency, whose president admitted, '[3]we've kind of destroyed
   the short-term supply chain.'

   [4]Read original article

References

   Visible links
   1. https://www.backblaze.com/blog/subscription-changes-for-computer-backup/
   2. https://en.wikipedia.org/wiki/Chia_(cryptocurrency)
   3. https://www.newscientist.com/article/2278696-bitcoin-rival-chia-destroyed-hard-disc-supply-chains-says-its-boss/
   4. https://www.backblaze.com/blog/subscription-changes-for-computer-backup/

   Hidden links:
   5. https://tidbits.com/wp/../uploads/2021/07/bb-wh-21-Price-Change.jpg

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