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Ask HN: Why are p2.16xlarge EC2 spot instances 10x the price of on-demand?

4 pointsby marklitalmost 8 years ago
EC2 is currently listing Linux-based p2.16xlarge instances in Ireland at $155.52 / hour at the moment. Getting on-demand instances at $15.552 / hour is proving impossible. Any idea why there's a price spike? Any good alternatives short of just buying some cards?

3 comments

vosperalmost 8 years ago
I haven&#x27;t used AWS for a year, but last time I saw this it was crypto coin miners who didn&#x27;t know how to use the spot market place properly. This was way back when Bitcoin was first spiking, and for about two weeks the price of the compute instances was ridiculous (CPU mining was still a thing). This was confirmed later by an AWS person.<p>If you look outside the default us-east-1 region you often find prices are more stable (though not always as cheap)
dakamialmost 8 years ago
Funny you should ask. I just looked into this:<p><a href="https:&#x2F;&#x2F;twitter.com&#x2F;dakami&#x2F;status&#x2F;884715382061252608" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;dakami&#x2F;status&#x2F;884715382061252608</a><p>Yeah. Ethereum blew up and all that compute is going towards GPU Mining.
petercooperalmost 8 years ago
I&#x27;m guessing if you can&#x27;t even get any at on-demand pricing, the demand is high, the supply is too low, so the only way to get access is to pay through the roof.
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