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

Five lessons learned from the pivot to a distributed workforce

Delivering continuity and scale with a remote work strategy

Download now

Connected experiences in a digital transformation

Enable businesses to meet the demands of the future

Download now

Simplify to secure

Reduce complexity by integrating your security ecosystem

Download now

Enhance the safety and security of your people, assets and operations

Enable a true vision of security with an engineered solution based on hyperconverged and storage platforms

Download now

Most Popular

Accenture ploughs $3 billion into cloud migration support group
digital transformation

Accenture ploughs $3 billion into cloud migration support group

17 Sep 2020
Google Pixel 4a review: A picture-perfect package
Google Android

Google Pixel 4a review: A picture-perfect package

18 Sep 2020
16 ways to speed up your laptop

16 ways to speed up your laptop

16 Sep 2020