Any plans to launch this product on Google Cloud?
For now we're all-in on AWS, but have plans on going to Google Cloud later this year!
Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
21–30 of 68 posts
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#22How does this differ with Vantage Autopilot https://www.vantage.sh/features/autopilot ?
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#23> We buy Reserved Instances on your behalf (a billing layer change only) > and bundle them with guaranteed buyback. > .. We make money off of a 20% Savings Fee. so this is similar business model, like https://archera.ai/guaranteed-reserved-instances/ "Find big-time savings with short-time commitments. Unlike typical commitments, Guaranteed Reserved Instances can be sold back to Archera within a month of initial purch…
Archera appears to only charge for GRIs. They don't seem to tell you what they charge though.
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#24How would you describe the mechanics of this in regular finance terms... Almost like you are providing mortgages for reserved instances?
I think I understand the model here, but I guess I'm curious how you model in risk of suddenly getting stuck with a bunch of 3 year RI commitments?
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#25This is like insurance in a couple of different ways, and makes me happy, but concerned. usage.ai is basically taking a bet that a large number of their customers wont cut back on RDS spend simultaneously.
AWS massively made RDS instances cheaper when they released RDS on Graviton. I can only imagine that'd nearly put a company like usage.ai out of business. I'm curious what defense mechanism they have against this.
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#26Interesting, the financialization of reserved instances. So, effectively, this ends up being similar to you buying reserved instances then renting them out to customers, taking advantage of the market inefficiency inherent in the pricing difference between reserved and non-reserved instances?
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#27How would you describe the mechanics of this in regular finance terms... Almost like you are providing mortgages for reserved instances? I think I understand the model here, but I guess I'm curious how you model in risk of suddenly getting stuck with a bunch of 3 year RI commitments?
I like to say we're a marketmaker for cloud contracts. Our recommendations take our current inventory into account and it's been very effective considering the amount of 'trades' we successfully make each day. That aside, We also have a considerable amount of cash set aside for an event like this.
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#28How does this differ with Vantage Autopilot https://www.vantage.sh/features/autopilot ?
just from reading the site, looks like vantage takes a 5% fee vs Usage 20% - but that's a big difference, not sure if it's an apples-to-apples comparison.
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#29I'm on a recommendation, it shows reservation 48.28% and $24.53 Lowest Risk then has a line of text that says "Select a recommendation to compare it to actual resource utilitzation"
three things, what does select a recommendation to compare it to mean? I'm not sure what I should be selecting. And second, is it utilitzation or utilization? Or is that word like canceled and cancelled ?
and the third thing, when approving, I see total savings of $24.53 and by selecting approve, you'll be charged with 20% of realized savings monthly. Should this give me some idea of how much this will cost ?
I would think its $24.53/12 = $2.44 * .2 = $0.488
Is that correct?
Re: Show HN: Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes
#30This is like insurance in a couple of different ways, and makes me happy, but concerned. usage.ai is basically taking a bet that a large number of their customers wont cut back on RDS spend simultaneously. AWS massively made RDS instances cheaper when they released RDS on Graviton. I can only imagine that'd nearly put a company like usage.ai out of business. I'm curious what defense mechanism they have against this.
> AWS massively made RDS instances cheaper when they released RDS on Graviton. I can only imagine that'd nearly put a company like usage.ai out of business.
Are the on demand and reserved prices the same? If RI’s exist are still cheaper, it shouldn’t impact their business model.