$4/month for 1TB of storage and 1TB of bandwidth? Just get a 1TB Storage VPS (+8TB BW) from https://www.time4vps.com/storage-vps/ for 3 EURO a month instead and stick Minio on it ;) (Just a happy customer)
So it'll double in price after that. And that's on top of having to round up to the next terabyte or two. But if you want more bandwidth then it looks like it's worth considering.
Side note: It's interesting that above 2TB the deal gets steadily worse.
I think maybe the deal looks like it gets worse because the RAM provided increases significantly.
It scales up and handles PB of data as well.
Unfortunately, no. Users have to regularly back up the data themselves. " That sounds a little contradicting
[1] (Switch to 6*12 tb configuration) https://us.ovhcloud.com/bare-metal/advance/adv-stor-2/