On December 14, Amazon announced Elastic Compute Cloud (EC2) Spot Instances. This new beta service allows consumers to bid on unused EC2 capacity and run instances as long as their bid exceeds the current Spot Price (which fluctuates based on supply and demand).
According to Amazon, here are a few applications well-suited to EC2 Spot Instances:
- Image and video processing, conversion and rendering
- Scientific research data processing
- Financial modeling and analysis
The Elastic Compute Cloud provides scalable computing solutions that can be purchased on an as-needed basis. With Spot Instances, Amazon has given customers another option for purchasing computing resources.
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