Verisign have put out a press release announcing the increase in price of .com and .net domain names.
Continued strong global Internet usage growth, along with increasingly powerful distributed denial of service (DDoS) attacks leveled against all parts of the Internet’s critical infrastructure, have dramatically increased the demands on Internet infrastructure providers such as Verisign. In the last five years, the volume of Domain Name System (DNS) queries on Verisign’s global Internet infrastructure has more than doubled, increasing to an average daily query load of 57 billion in the first quarter of 2011. Future growth is expected to occur at an even faster pace. Verisign’s infrastructure has maintained 100 percent operational security, accuracy and stability for more than a decade due to continued innovation and investment in the infrastructure.
As of January 15th of 2012, the cost of registering a .com and .net domain name will be rising $0.51 (about 33 pence), we expect that some domain registars will take this as an opportunity to increase their pricing. How does this effect you?
Verisign controls the registry of certain types of domains (.com and .net). Because of the increase in resource demands placed on the Domain Name System (changes a nice address like http://www.xchangebit.com into something a computer understands) Verisign have to raise new funds to pay for new infrastructure.
Because of the increase in the fees, the company like GoDaddy, 123-Reg, LCN will need to pay higher fees. So if you own any .com or .net domain names, you should probably renew them before January 15th (2012) and save a few quid.