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MEGA S3-compatible object storage - €2.50/TB/mo and 5x egress
The price per TB is much lower compared to other providers at €2.50/TB and the included egress is also much more at 5x the data stored along with no API request fees. You have to purchase a specific paid plan to use it which includes 3 TB for €15/mo. There's no free tier available.
The available regions are Amsterdam (Netherlands), Bettembourg (Luxembourg), Montreal (Canada), and Vancouver (Canada).
What's concerning is they don't list an additional charge for egress above that amount, it's all based on a fair use policy that pretty much says "if your usage affects our platform, we'll limit you and possibly charge you an unspecified amount".
Given that on their cloud storage service, the transfer limits are heavily enforced, I wouldn't be surprised if they did the same for their S3 service.
Has anyone used it before?

Comments
It'd be interesting if there was a pay-as-you-go plan for people who use less than a TB. Starting at €15/mo isn't competitive. I'll stick with Backblaze B2.
Additional storage and transfer charged at €2.50 per TB. Price includes both storage and transfer.
I read this as 2.5EUR per TB of storage and download overage (which is also the case with the price calculator)
Oh, so it's €2.50 per TB if you exceed the 5x free egress. I can see the service being useful for archiving large amounts of data but not much else.
Had to subscribe to their pro flexi plan which is 15 EUR first to use it, so Hetzner's offering is better value IMO.
It's good to see more S3-compatible offerings, but I do wish at least some would be competitive with B2 in the sub 1 TB range. With how MEGA pitches their product - home lab and all - it would seem they are a bit confused. Or maybe I am, but I don't see the overwhelming majority of home labs needing to store enough data for the 15€/month entry price.
Technically a better value for the buck if you storing more than 5TB but anything below that I can't justify it. I will stick to B2+CF or better yet I can just store everything on 365 basic one drive if need 1tb or lower with alist or something.
With my requirement that still below 1 TB, looks like I'm not their target market.
Not so bad for high traffic users. But the balance is around 60-80TB.
My assumption is that 60TB is about 300TB of egress traffic, which is about the level of 1G unlimited.
And, at about 150€ for 60TB, running a Minio on its own with reasonable redundancy in mind would require about that level of numbers.
So, if I'm storing more than 60TB of data and need relatively decent egress traffic, then MEGA is fine.
I've actually heard that MEGA was testing this internally since about the beginning of last year, and I'm just sad that they don't offer any Asian locations, or even just Canada, not the US, which is more than a little unfortunate.
I helped test it in beta stage, but did not jump in after that. They have multiple available geographically distinct zones, which I like very much:
https://github.com/meganz/s4-specs?tab=readme-ov-file#12-endpoints
But like someone else already said, price point is not for "low-end" (<1TB) needs.
And the definitive deal breaker for my use case is the lack of support of the modified timestamp of the uploads, that rclone uses for syncing. I pointed that every new iteration in the beta stage, but it still got no care. Without that, depending of your data you end up syncing everything up again and again:
https://help.mega.io/megas4/setup-guides/rclone-setup-guide-for-mega-s4
I thought it was an excellent option. The €9.99 offer for 3TB, which includes S3, seems like the best.
I only need 1TB for my personal stuff. But I've basically gotten 2TB of S3 storage with this, with 15TB of traffic for my small business.
I can create four buckets with unique users for each shared resource and sync my entire server in real time. In the end, I use less than 10TB of traffic per month, and the web interface helps me browse all the content much better than CF. I think performance could perhaps be improved a bit. But it didn't cost me much. Everything is very intuitive.
I like that S3 traffic isn't the same as My Drive traffic. I like that more.
I think for very professional or high-demand use cases, it's probably not the most suitable option. I think the price makes that clear. And if I ever need to pull all my stuff off the service, I don't think I'll have to pay more than $300, which is what it would cost me with AWS or GCP.