Amazon unveils eBay-style auction service for cloud computing

Tuesday Dec 15th 2009 by Datamation.com Staff
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Spot Instances allows customers to bid on unused virtual server capacity, potentially lowering the cost of running apps on Amazon's EC2

InfoWorld: Amazon's cloud computing division is unveiling an eBay-style auction service that will let users bid on unused virtual server capacity, potentially allowing customers to lower the cost of running applications on Amazon's Elastic Compute Cloud. Known as "Spot Instances," the price of this cloud-based server capacity changes based upon supply and demand, unlike Amazon's usual fixed prices for server instances.
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