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EC2 is a web service offered by Amazon to persons or companies with websites who want to outsource ownership of web servers. The idea of EC2 is to lighten the cost of buying servers to host a website, but more importantly to eliminate the wasted time web site developers devote to managing hard assets. Instead of buying servers to increase capacity or add new web features, you simply buy more gigabytes on EC2. Amazon sells it in subscription form, with subscriptions based on how much capacity you use. I am not sure if they charge based on CPU, storage, or run time (hits). Eventually, services like EC2 will dominate, eliminating much wasted power and hardware costs for companies everywhere.

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