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Re:Ask HN: Why pay 10x the on-demand rate for spot instances... by zbjornson on Sunday October 16, 2016 @04:19PM (#12720711)
There was a notable incident where the price hit $1k/hr in 2011.

https://moz.com/devblog/amazon-ec2-spot-request-volatility-h...

From talking to AWS, when people pay above-on-demand prices, it's because they carelessly put in a huge bid.

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