Amazon’s power by the hour

Amazon has released a power-by-the-hour computing service  called Elastic Compute Cloud.

Amazon Elastic Compute Cloud (Amazon EC2) is a web
service that provides resizable compute capacity in the cloud. It is
designed to make web-scale computing easier for developers. Just as
Amazon Simple Storage Service (Amazon S3) enables storage in the cloud,
Amazon EC2 enables "compute" in the cloud. Amazon EC2’s simple web
service interface allows you to obtain and configure capacity with
minimal friction. It provides you with complete control of your
computing resources and lets you run on Amazon’s proven computing
environment. Amazon EC2 reduces the time required to obtain and boot
new server instances to minutes, allowing you to quickly scale
capacity, both up and down, as your computing requirements change.
Amazon EC2 changes the economics of computing by allowing you to pay
only for capacity that you actually use

It’s all happening in the cloud.
S3 is still a bit slow for my liking. Be interesting to check out the economics–something for the weekend, maybe.

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