In this video from Cycle Computing’s the HPC in the Cloud Educational Series, Brendan Bouffler, part of Global Scientific Computing at Amazon Web Services discusses how leveraging the SPOT market options with the Amazon cloud offering can offer advantages for scientific, large computation and big data.
“Amazon EC2 Spot instances allow you to bid on spare Amazon EC2 computing capacity. Since Spot instances are often available at a discount compared to On-Demand pricing, you can significantly reduce the cost of running your applications, grow your application’s compute capacity and throughput for the same budget, and enable new types of cloud computing applications.”
