Deconstructing Amazon EC2 Spot Instance Pricing
نویسندگان
چکیده
منابع مشابه
A Deconstructing Amazon EC2 Spot Instance Pricing
Cloud providers possessing large quantities of spare capacity must either incentivize clients to purchase it or suffer losses. Amazon is the first cloud provider to address this challenge, by allowing clients to bid on spare capacity and by granting resources to bidders while their bids exceed a periodically changing spot price. Amazon publicizes the spot price but does not disclose how it is d...
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Amazon Elastic Compute Cloud (EC2) is a web service that provides secure, re-sizable compute capacity in the cloud. It is designed to make web-scale cloud computing for developers. There are three different ways of pricing for Amazon EC2 instances: On-demand, Reserved instances, and Spot instances. Spot instances provide users with access to unused Amazon EC2 capacity at high discounts relative...
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With the recent introduction of Spot Instances in the Amazon Elastic Compute Cloud (EC2), users can bid for resources and thus control the balance of reliability versus monetary costs. Mechanisms and tools that deal with the cost-reliability trade-offs under this schema are of great value for users seeking to lessen their costs while maintaining high reliability. In this paper, we propose a set...
متن کاملIdentification and Empirical Analysis of Amazon EC2 Spot Instance Features for Cost-Effective Tenant Procurement
Many cost-conscious public cloud workloads (“tenants”) are turning to Amazon EC2’s spot instances because, on average, these instances offer significantly lower prices (up to 10 times lower) than ondemand and reserved instances of comparable advertized resource capacities. To use spot instances effectively, a tenant must carefully weigh the lower costs of these instances against their poorer av...
متن کاملApplication-Centric Resource Provisioning for Amazon EC2 Spot Instances
In late 2009, Amazon introduced spot instances to offer their unused resources at lower cost with reduced reliability. Amazon’s spot instances allow customers to bid on unused Amazon EC2 capacity and run those instances for as long as their bid exceeds the current spot price. The spot price changes periodically based on supply and demand, and customers whose bids exceed it gain access to the av...
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ژورنال
عنوان ژورنال: ACM Transactions on Economics and Computation
سال: 2013
ISSN: 2167-8375,2167-8383
DOI: 10.1145/2509413.2509416