I'm not going to repeat again myself in saying that comparing a cheap plain storage solution with Cloud Connect is not correct, but at least let me note that you should use the same units to be fair, and say $0,12/GB. And trust me there are large providers offering Cloud Connect, and I've seen lower prices around even without committing upfront for size or duration. Since I work at Veeam I cannot suggest one provider over the other, but you can use the search tool and find them.
Also, the comparison on price per GB only is incomplete, do you know Google Nearline has a Data retrieval cost of $0.01 per GB? And because there's no Veeam component running in the cloud, you need to download the entire backup to restore even a single file of the Guest OS. Say you have a 1 TB backup file (and it's a easy scenario like the vbk full file, not an incremental), you need to pay additional 10,24 USD to restore a single file that maybe is 1k. And you should also count the downtime costs and compare how many minutes it takes to recover that file from VCC, or the entire backup set from a simple cloud storage.
If you still feel the price tag is too high I'm not going on in trying to convince you, but at least comparisons should include every parameter.
EMEA Cloud Architect @ Veeam Software
Veeam VMCE #1