images.hive.blog is hosted in US
images.ecency.com hosted in EU
perhaps having one in Asia region would be good start... Cost calculation is bit off, on quite higher end though, did you base estimation on images.hive.blog instance ?
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Yes.
I had a discussion with BT regarding their instance and pretty much copied it (storage size wise) other cost additions are mainly "guesstimates" in regards to bandwidth and power usage.
I see, it makes sense then. From what I remember they host server in house.