If anything is overpriced, tarsnap is -- or was, last time I compared prices. Also picodollars are a bit opaque.
I really wanted to use it and hoped it'd come out reasonably compared to alternatives, but I actually found none except buying a hard disk + raspberry pi myself and hosting it at a friend's place. That was cheaper by about a factor 2, which (at 3TB data) was too much to ignore for my student budget. This was about two years ago though.