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Actually, because you've got to pay in advance a certain amount to get the reserved price, we calculated at my last job that buying on-demand instances was actu
by fapjacks 10y ago
Actually, because you've got to pay in advance a certain amount to get the reserved price, we calculated at my last job that buying on-demand instances was actually cheaper than paying the reserved instance pricing listed, because of the rate at which AWS drops the price regularly. Meaning, if you compare the reserved price with the amount you would pay for on-demand instances and subtract the amount you save when Amazon drops the price (which they do pretty regularly, and have in the past), the on-demand price actually ends up being cheaper in the long run.
- paulddraper 10y agoI think you meant "on-demand", not "spot". Spot is hands down cheaper. Reserved saves you 30-75% depending on instance type and duration. Spot instances save 85-90%. As for on-demand, AFAIK the only time a discount came close to 30%/year was in 2014 when Google Cloud slashed their prices. So...yeah, it might be possible, but I doubt it.
- fapjacks 10y agoHah, I don't know how you were able to see my first edit. It was up for less than ten seconds and I didn't have your comment for some time after I edited it!
- paulddraper 10y agoLucky