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Amazon EC2 cloud computing got much cheaper today...

Today Amazon introduced "reserved instance" pricing for users who tend to run long lived instances.

The usual pricing for a small instance is $0.10 per cpu-hour, which works out to about $73/month if you keep your instance alive 24x7.

With the reserved pricing you can pay a fixed amount for a term of 1 year or 3 years and get a reduced hourly usage rate of $.03 per cpu-hour For 1 year the up front fee is $325, for 3 years it's $500.

If you run your instance all the time I believe that works out to:

1 year - $49/mo
3 year - $36/mo

And there can still be savings if you don't run your instance continuously. Note that the 1 year and 3 year pricing are 2/3 and 1/2 the monthly cost respectively. So if you run your instances more than that fraction of the time you'll still see benefit by going with the reserved pricing. i.e. if you run your instance more than 12 hours a day during a 3 year period you should pay the up front fee to save money.

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Comment by Truman Leung on March 13, 2009 at 11:42pm
I've been thinking of going with Amazon EC2. This sweetens the deal. But has anyone tried out
Comment by Cameron Souza on March 13, 2009 at 7:00am
I have to make the jump and give Amazon a try.
Comment by Daniel Leuck on March 12, 2009 at 5:01pm
The EC2 option just keeps getting better. I'll be interested to see how Rackspace's new cloud platform stacks up.
Comment by Pat Niemeyer on March 12, 2009 at 11:58am
P.S. when I pinged Slicehost about this they noted something else that dropped recently: This is the Rackspace's cloud computing EC2 competitor. They are not live yet (coming next week) but their pricing looks interesting. They are going to offer much smaller instance sizes (down to 256MB memory) with the bottom rate at just $0.015 / cpu-hour or $10.90 / month. Go competition! :)


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