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I'm starting to think Amazon is cynically exploiting the edge cases of its pricing to make a large portion of its money. This looked great at the start, but th
by pbiggar 14y ago
I'm starting to think Amazon is cynically exploiting the edge cases of its pricing to make a large portion of its money.
This looked great at the start, but the details really make this shitty. You need to sign up as a seller and all the hassle it entails (I'd be happy with AWS credits, I'm just going to spend them on another instance), they charge 12% and then they also round down to the nearest month.
In fact, a large portion of Amazon's business model seems to be selling the same thing multiple times. We still waste a lot of money because EC2 insists on charging for a full hour no matter what (eg even if the instance didn't even start!), and it seems a pretty scummy way of making a lot of extra margins. And now they're doing the same thing here.
- ghshephard 14y agoCould Amazon be theoretically more efficient - sure. In fact, I wouldn't be surprised, if over time, the time requirement for owning (30 days) and the round off period (To the month, rounded down) and the fee (12%) is rounded down - but, this is a new service that did not exist before - so from that perspective, it's great. All the things that you used to be able to do (lend someone your EC2 instance) still exists.