Amazon’s New EC2 Micro Instances, Benchmarked
Not surprisingly they're slower, but so cheap they're still worth considering if you can afford to wait a few extra minutes for a job to finish.
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Amazon Now Offering EC2 “Micro” Instances
Less than 1/4th the cost of a standard "small" instance, but there are catches: the CPU is "burstable" but defaults to less than one full core, and you get no local storage—your server's filesystem has to live in Amazon's Elastic Block…