Bidding for Highly Available Services with Low Price in Spot Instance Market
Weichao Guo, Kang Chen, Yongwei Wu, Weimin Zheng · 2015
Amazon EC2 has built the Spot Instance Marketplace and offers a new type of virtual machine instances called as spot instances. These instances are less expensive but considered failure-prone. Despite the underlying hardware status, if the bidding price is lower than the market price, such an instance will be terminated.