As you may well know, AWS employs an optional spot market for their EC2 service. This means that you can set your EC2 instances to activate the moment the hourly rate for using EC2 drops below to a level you set.
It’s possible and advisable for AWS customers to take advantage of this price market by building price-aware applications. This means designing applications to search for the best EC2 capacity pools, ones with high availability yet low price.
One strategy for doing so is to look at price history. Price history is available at the AWS Console, but can also be accessed through SDKs and the AWS Command Line Interface.
Finally, you can also use this new handy tool: the AWS Spot Bid Advisor, which displays statistical averages on low price volatility across multiple availability zones.
You can read more about EC2 Spot Instance best practices here.
Leveraging on spot instances is an important strategy that can help you increase profits. At PolarSeven we can show you how to create price-aware applications, talk to our AWS cloud specialists today.
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