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Just got a fantastic gift from my husband :)
(sh.itjust.works)
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Cloud cost is pretty cheap, especially if you do cold storage.
Where they get you is egress fees.
Very interesting to know, but i just looked it up and it still seems expensive in the long run. Azure's cheapest storage tier is 1 dollar per TB per month. So 5 TB of backup would cost 60 bucks a year, but a 5 TB drive costs about 120 bucks. So after 2 years of cloud backup it costs you an extra 60 bucks a year every year vs. if you just bought a hard drive.
https://azure.microsoft.com/en-us/pricing/details/storage/blobs/#pricing