(AWS) Amazon EC2 – Full Details on Amazon Web Services
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What is Amazon EC2 Spot?
In Amazon EC2 Spot Instance is an unused EC2 instance that is available for less than the On-Demand price because Spot Instances enable you to request unused EC2 instances at steep discounts so you can lower your Amazon EC2 costs significantly (as per your wish). The hourly price for a Spot Instance is called a Spot price.