Dropbox Puts an End to Unlimited Storage Plan due to Cryptocurrency Mining Abuse
Summary:
Dropbox ends its unlimited storage plan after users exploit it for resource-intensive activities like crypto mining. The new metered storage plan offers 15 terabytes, sufficient for 100 million documents. Similar changes have been made by Microsoft and Google.
Dropbox, the popular online storage platform, has decided to discontinue its unlimited storage plan due to some users abusing it for resource-intensive activities like mining cryptocurrency. In a recent blog post, Dropbox announced that its unlimited Advanced plan will be replaced with a metered storage plan, offering new users 15 terabytes of storage, which is said to be sufficient for housing 100 million documents. The company acknowledged that while it expected some uneven usage with its "all the space you need" plan, it saw a significant increase in certain users consuming a disproportionately large amount of storage, particularly those utilizing it for purposes such as crypto and Chia mining. Dropbox also mentioned other high-resource uses, like some individuals reselling its storage or sharing it among multiple users for personal use. This move by Dropbox is in line with similar policy changes made by other services like Microsoft and Google, both of which have also abandoned their unlimited storage plans recently. Dropbox acknowledged that this decision may be disappointing to some users but emphasized that maintaining an unlimited storage plan would be unsustainable and challenging to regulate. In the past, hackers have taken advantage of cloud-storage accounts or internet-connected devices to mine cryptocurrencies through the use of cryptojacking malware. In response to such threats, companies like Google have heightened their security measures to prevent unauthorized access and mining activities.
Published At
8/25/2023 2:58:50 AM
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