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In AWS, there are several types of EC2 instances with varying costs depending on their performance, storage, and network capacity. The types of EC2 instances include:
On-Demand Instances: These instances are charged by the hour or second, and users only pay for the compute time they consume with no upfront costs or long-term commitments.
Reserved Instances: These instances provide a significant discount compared to On-Demand instances by committing to a specific instance type and term length, ranging from one to three years.
Spot Instances: These instances allow users to bid on unused EC2 capacity and can provide significant cost savings, but their availability is not guaranteed and can be terminated at any time.
Dedicated Hosts: These instances provide physical servers that are fully dedicated to a user's use and offer cost savings for certain types of licensing or regulatory requirements.
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