Amazon opens EC2 up to auction-style payments

The cloud giant is allowing customers to state how much they want to pay in a new bidding payment option.

Amazon EC2 cloud

Amazon is putting its EC2 cloud up for auction, to sell off its unused capacity.

Amazon Web Services (AWS) has announced the launch of a new paid-for model called Spot Instances, which enables prospective customers to bid for capacity in Amazon's cloud.

The Spot Price changes depending on supply and demand but as long as the customer's bid exceeds that price the space is theirs.

Peter De Santis, general manger of Amazon EC2, said in a statement: "As customers continued to expand their use of AWS, they started asking if additional pools of capacity were available, even if only for a few hours at a time."

"Some customers were looking to reduce costs in exchange for being flexible as to when they run their application; others told us they were willing to pay more when they had urgent, high volume needs."

He added: "Because of the dynamic nature of supply and demand in the Amazon EC2 environment, we developed Spot Instances to let customers take advantage of our unused capacity while specifying a price they are willing to pay."

The company claimed this new way of purchasing capacity and compute power is well suited to flexible start-stop applications such as data processing, web crawling and video rendering.

Spot Instances run the same software images and are the same sizes as both On-Demand and Reserved Instances. This means customers can move between the different purchasing options as and when they chose.

Featured Resources

How virtual desktop infrastructure enables digital transformation

Challenges and benefits of VDI

Free download

The Okta digital trust index

Exploring the human edge of trust

Free download

Optimising workload placement in your hybrid cloud

Deliver increased IT agility with the cloud

Free Download

Modernise endpoint protection and leave your legacy challenges behind

The risk of keeping your legacy endpoint security tools

Download now

Most Popular

Sony pulls out of MWC 2022
Business operations

Sony pulls out of MWC 2022

14 Jan 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

6 Jan 2022
Dell XPS 15 (2021) review: The best just got better
Laptops

Dell XPS 15 (2021) review: The best just got better

14 Jan 2022