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Dropbox
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- Dropbox has revealed its intention to implement a metered storage policy for its enterprise-focused Dropbox Advanced plan. - This transition comes after the previous 'space as needed' policy was exploited for activities such as cryptocurrency and Chia mining, as well as unrelated personal storage accumulation and storage resale. - The new metered storage approach entails customers with a #Dropbox Advanced plan and three valid licenses receiving 15TB of shared team storage. For each additional active license, 5TB of #storage space will be granted. - This alteration is aimed at addressing the issues related to customers using excessive storage beyond the genuine enterprise usage. - The migration of existing customers to the #new metered storage policy will commence from November 1st onward. $FIL
- Dropbox has revealed its intention to implement a metered storage policy for its enterprise-focused Dropbox Advanced plan.

- This transition comes after the previous 'space as needed' policy was exploited for activities such as cryptocurrency and Chia mining, as well as unrelated personal storage accumulation and storage resale.

- The new metered storage approach entails customers with a #Dropbox Advanced plan and three valid licenses receiving 15TB of shared team storage. For each additional active license, 5TB of #storage space will be granted.

- This alteration is aimed at addressing the issues related to customers using excessive storage beyond the genuine enterprise usage.

- The migration of existing customers to the #new metered storage policy will commence from November 1st onward.

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Bullish
- Dropbox, the cloud storage provider, is discontinuing its "unlimited" storage policy under its #Dropbox Advanced plan due to unexpectedly high usage patterns and unauthorized activities, including crypto mining. - The Dropbox Advanced plan, initially designed for businesses, unintentionally attracted customers who were using the platform for crypto mining and pooling storage. This led to storage volumes thousands of times larger than regular #business users, affecting service quality for all customers. - The exact details of how storage accounts were being used for cryptocurrency mining were not provided in the announcement. - To address these issues, Dropbox is transitioning to a metered model from the unlimited storage policy. Under the new model, customers purchasing the Dropbox Advanced plan with three active licenses will receive 15TB of shared storage space for the team. Each additional active license adds 5TB of storage. - The new policy will be implemented gradually starting from November 1. Customers needing more space can purchase storage add-ons, available to new customers from September 18 and to existing customers from November 1. - Dropbox's decision reflects the impact of #cryptocurrency-related activities on various industries, showing how the crypto landscape can influence operational strategies and adjustments across different sectors.
- Dropbox, the cloud storage provider, is discontinuing its "unlimited" storage policy under its #Dropbox Advanced plan due to unexpectedly high usage patterns and unauthorized activities, including crypto mining.

- The Dropbox Advanced plan, initially designed for businesses, unintentionally attracted customers who were using the platform for crypto mining and pooling storage. This led to storage volumes thousands of times larger than regular #business users, affecting service quality for all customers.

- The exact details of how storage accounts were being used for cryptocurrency mining were not provided in the announcement.

- To address these issues, Dropbox is transitioning to a metered model from the unlimited storage policy. Under the new model, customers purchasing the Dropbox Advanced plan with three active licenses will receive 15TB of shared storage space for the team. Each additional active license adds 5TB of storage.

- The new policy will be implemented gradually starting from November 1. Customers needing more space can purchase storage add-ons, available to new customers from September 18 and to existing customers from November 1.

- Dropbox's decision reflects the impact of #cryptocurrency-related activities on various industries, showing how the crypto landscape can influence operational strategies and adjustments across different sectors.
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