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True or False: Snowflake’s storage costs are based solely on database compressed data storage.

  1. True

  2. False

  3. Only during peak usage hours

  4. Only for Time Travel data

The correct answer is: False

The statement is false because Snowflake's storage costs encompass more than just the compressed data stored in a database. In Snowflake's architecture, costs are incurred based on several components related to storage. First, while a significant portion of storage costs comes from database compressed data, Snowflake also considers additional types of data storage such as metadata, backups, and Time Travel data. Time Travel allows users to access historical data for a set period, and the storage associated with this feature is also factored into the overall cost. Moreover, Snowflake uses a multi-cluster shared data architecture, which optimizes how data is stored and accessed, leading to various cost implications beyond just the fundamental database storage. It is important for users to understand that all forms of data retention in Snowflake will have an impact on the total storage cost calculation. Therefore, it's critical to consider the broader scope of data storage when evaluating costs within the Snowflake environment.