What is EC2 pricing and how does it work?
An example of an AI chatbot conversation about EC2 pricing and its components.
What is EC2 pricing and how does it work?
EC2 pricing is based on several factors including instance type, region, and usage. It can be on-demand, reserved, or spot instances.
Can you explain the difference between on-demand and reserved instances?
On-demand instances allow you to pay for compute capacity by the hour with no long-term commitments, while reserved instances require a commitment for a one or three-year term, offering significant discounts.
What are spot instances?
Spot instances let you bid on unused EC2 capacity at potentially lower prices, but they can be interrupted by AWS with little notice.
How can I estimate my monthly costs?
You can use the AWS Pricing Calculator to estimate your monthly costs based on your expected usage and instance types.
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