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Elastic Compute Service - ECS - Launched Alibaba Cloud ECS bidding instances

["Bidding instances apply to the post-payment billing method that features lower prices than those of the Pay-As-You-Go method. They can significantly reduce user costs in interruptible and short-term computing scenarios. The hourly price of bidding instances varies with the supply-and-demand relationship. Your bidding instances begin to run once your bid goes beyond the current market price. The Alibaba Cloud ECS can terminate your bidding instances based on the hourly price of bidding instances or the variation of supply-and-demand resources."]
Content

Product features and benefits: Reduces up to 50% to 90% of operating costs (compared with Pay-As-You-Go instances) and improves the computing capacity by 2 to 10 times with the same budget. Target customers: Applies to interruptible short-term computing scenarios including graphic rendering, big data analysis, video codec, batch computing, and stateless web services. Billing method: Uses the post-payment method for bidding instances and provides lower prices of different instance specifications than the Pay-As-You-Go method. You can offer a maximum acceptable price for bidding instances. Once these bidding instances begin to run, they are billed by the market price and will not exceed the pre-determined maximum price. Nickname in the Yunqi Community: ECS

7th Gen ECS Is Now Available

Increase instance computing power by up to 40% and Fully equipped with TPM chips.
Powered by Third-generation Intel® Xeon® Scalable processors (Ice Lake).

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