What are spot instances and how is their pricing determined?
Spot instances are a type of cloud computing instance that you can bid on. Their pricing is determined by supply and demand.
How do I place a bid for spot instances?
You can place a bid through your cloud provider's console or API, specifying the maximum price you're willing to pay.
What factors affect the price of spot instances?
Factors include current demand for instances, availability of resources, and the region you are bidding in.
Are there any risks associated with using spot instances?
Yes, spot instances can be terminated by the provider if the market price exceeds your bid, so they are best for flexible workloads.
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