AWS EC2 General Price Cut • Hacker News Board

Re: AWS EC2 General Price Cut

#111

Post by rumanator » Sun, May 10, 2020, 7:32 PM UTC

sudosysgen wrote: post #75

pests wrote: post #51

Earlier quoted context omitted.

"[...]disconnected from any actual cost basis[...]" Not everything is priced based on the cost of it's inputs. In this case it seems to be what the market will bear.

Which in this case is exorbitant and is something that we should oppose. Pricing as much as the market will bear is not good for consumers, and in some cases is a red-mark of market failure (not in this one, as of yet).

> Pricing as much as the market will bear is not good for consumers

To be fair, that's how all products are priced in general: production cost defines the lower bound and what customers are willing to pay defines the upper bound, and the goal is to maximize what the customer pays.

Re: AWS EC2 General Price Cut

#112

Post by scarface74 » Sun, May 10, 2020, 9:17 PM UTC

sdfdsfsdf222 wrote: post #46

sixdimensional wrote: post #41

Earlier quoted context omitted.

IANAL, but I don't believe stating a price has any impact on whether it is anticompetitive or not. If the behavior is anticompetitive, it doesn't matter if other people do it too and state their price as well. Giving you an option to only bulk egress is not the same either, since the most common scenario for egress would be operational day-to-day inter-network scenarios. If there is an unreasonably high fee for exiti…

The Bandwidth Alliance was meant to solve this problem. Azure and GCP have joined, AWS has not. https://www.cloudflare.com/bandwidth-alliance/

That’s a classic move for second tier players to come up with a standard to take on the incumbent.

Apple did the same thing with Webkit. Google came onboard and for awhile, everyone was releasing Webkit compatible browsers.

Re: AWS EC2 General Price Cut

#113

Post by rb808 » Mon, May 11, 2020, 2:44 AM UTC

phamilton wrote: post #86

rb808 wrote: post #66

Buying your own Physical hardware is so cheap now its crazy. A commodity Ryzen 16 vCPU box is about the same price as 2 months rent on EC2. I get maintenance, electricity and bandwidth isn't free but I honestly thought cloud server prices would be much lower by now. No wonder AWS is making huge profits.

Could someone a little more familiar with buying their own hardware tell me how much hardware equivalent to a c5.12xlarge (48 cores, 96 GB) would cost? Spot prices are around $0.80/hr, which puts total compute cost at $7k/yr. On demand is $2.04/hr ($17k/yr), reserved is 1.20/hr ($10k/yr).

Yeah for big iron EC2 makes more sense. Still you can find similar eg this refurbished for 6k https://outlet.us.dell.com/ARBOnlineSales/Online/SecondaryIn...

Re: AWS EC2 General Price Cut

#114

Post by sudosysgen » Mon, May 11, 2020, 4:49 AM UTC

rumanator wrote: post #111

sudosysgen wrote: post #75

Earlier quoted context omitted.

Which in this case is exorbitant and is something that we should oppose. Pricing as much as the market will bear is not good for consumers, and in some cases is a red-mark of market failure (not in this one, as of yet).

> Pricing as much as the market will bear is not good for consumers To be fair, that's how all products are priced in general: production cost defines the lower bound and what customers are willing to pay defines the upper bound, and the goal is to maximize what the customer pays.

The theory is that as time goes on, the prices moves from what the market will bear to become closer to the cost of production. When this does not happen, it is a failure of the market.