👉 Priced computing, also known as pay-as-you-go or spot instance computing, is a cloud computing model where users are charged based on the actual resources they consume during their computation tasks, rather than a fixed, pre-set rate. This model allows for flexibility and cost efficiency, as users only pay for the computing power, memory, storage, and network resources they use at any given moment. Priced computing services often offer lower prices than traditional on-demand or reserved instances due to the utilization of spare capacity by cloud providers, making it an attractive option for applications with variable or unpredictable workloads. However, users must be mindful of potential interruptions in service, as cloud providers may terminate instances if they exceed predefined limits or if there are maintenance activities.
