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How do the costs of AWS Lambda and EC2 compare?

An example of an AI chatbot conversation about comparing AWS Lambda and EC2 costs.

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You

How do the costs of AWS Lambda and EC2 compare?

MagicBuddy
MagicBuddy

AWS Lambda charges based on the number of requests and the duration of execution, while EC2 charges are based on instance type and uptime.

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You

Can you give me a specific example of pricing for both?

MagicBuddy
MagicBuddy

Sure! For Lambda, you might pay $0.20 per million requests and $0.00001667 per GB-second. For EC2, a t2.micro instance costs about $0.0116 per hour.

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You

Which one is more cost-effective for a small web application?

MagicBuddy
MagicBuddy

For a small web application with variable traffic, AWS Lambda is often more cost-effective due to its pay-as-you-go model.

😀
You

Are there any scenarios where EC2 would be cheaper?

MagicBuddy
MagicBuddy

Yes, if you have a consistently high load and need to run applications 24/7, EC2 might be cheaper due to reserved instances.

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