Western Digital 1TB WD Blue PC Internal Hard Drive HDD - 7200 RPM, SATA 6 Gb/s, 64 MB Cache, 3.5" - WD10EZEX

EDIT: My mistake, this is the new S3 pricing! NOT Glacier pricing! Thank you res0nat0r.

Am I understanding this right? $0.023/GB/month for Glacier, so * 12 months/year = $0.276/GB/year, which means:

    10GB  = $2.70/year
    100GB = $27.00/year
    1TB   = $270.00/year
    ...

And this is only the storage cost. This doesn't take into account the cost should you actually decise to retrieve the data.

So considering a 1TB hard drive [0] costs $50.00, how is this cost effective? I can buy 5x1TB hard drives for the price of 1TB on Glacier.

I understand there is overhead to managing it yourself. So, is this just not targeted to technically proficient folks?

[0] https://www.amazon.com/Blue-Cache-Desktop-Drive-WD10EZEX/dp/...