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Dropbox, as well as most other Dropbox-alikes, have effective deep packet inspection and heuristic analysis going on so they can detect and traffic-shape events like bulk backup uploads, to maximise quality of service for burst events like your 500MB upload.
tl;dr: it’s fucking dogshit. Use a proper cloud backup service.
ectoplasmosis
Not sure it's as bad as that. I just uploaded a 500MB file in a few seconds, completely as expected.
Something very wrong with this cloud sync business tho.