you can now get nearly immediate access to 20 machines for 24 hours, each with something a like a 1.7Ghz Xeon CPU, 1.75GB of RAM, 160GB of local disk, and 250Mb/s of network bandwidth. This is made possible by Amazon's new Elastic Compute Cloud (EC2).
The $48 figure is relatively arbitrary. I picked it because you apparently need to get some sort of authorization to fire up more than 20 simultaneous instances. Amazon is charging $0.10 per instance hour. So, 20 instances x $0.10 instance/hour x 24 hours is $48. I'm not accounting for bandwidth charges, but the point is that you can get some serious computing done for not much money—or effort.
A few weeks ago at a dinner that I should have blogged but didn't, Jeff Haynie was talking about how surprised he was at how cheap dedicated hosting was. Jeff was quoting some GoDaddy prices, and they were pretty compelling. This EC2 thing, though, takes it to another level—particularly because of its elasticity. Let's say you want to do some web crawling, for example. All of a sudden, you can have 100 machines go to work for 10 hours for about $100 (plus bandwidth charges). That is pretty cool.
I haven't been able to play with EC2 directly, yet. The beta program was filled by the time I got there. Jesse Andrews did get in in time and has both written an article on Exploring Amazon EC2 and fired up a Rails app on an EC2 instance.
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