Can I move the Hive folder?

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Hive is intended for those users who just want something working out of the box and don't wish to be troubled by options of any kind. Making it movable would make it more complicated and defeat its purpose.

What you want is Sync. Sync does everything that Hive can, plus it is powerful and configurable: you can put it wherever you want, you can name it whatever you want, you can have as many as you want, and more. Our Sync startup guide will help you set it up.