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SOA & WOA: Article

Amazon Starts Spot Market for Reserved Instances

Reserved Instances cost less because buyers make a one-time payment to reserve compute capacity for a specified term

Amazon Web Services has set up an online marketplace where customers can sell their excess EC2 Reserved Instances to other AWS customers.

Reserved Instances cost less because buyers make a one-time payment to reserve compute capacity for a specified term and get a discount on the hourly charges for that instance.

Amazon will charge sellers a 12% fee.

Interested parties can browse the site for term lengths and pricing options outside the standard one-year and three-year term lengths.

AWS suggests owners may want to move instances to a new AWS Region, change to a new instance type or sell capacity for projects that end before the term expires.

It says EC2 Instances purchased on the Reserved Instance Marketplace offer the same capacity reservations as Reserved Instances purchased directly from AWS.

See http://aws.amazon.com/ec2/reserved-instance-marketplace and http://aws.typepad.com/aws/2012/09/amazon-ec2-reserved-instance-marketplace.html

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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