GPU Instance Pricing
GPU Instance Pricing
On-Demand Pricing
Introduction
On-Demand Pricing is designed to offer users the flexibility to access computational resources without any long-term commitments or upfront costs. This pricing model is ideal for users who require compute power on an as-needed basis, whether for short-term projects, variable workloads, or unpredictable processing demands.
Billing Structure of On-Demand Pricing
The On-Demand Pricing model is straightforward and easy to understand. Costs are calculated using the following formula:
- Cost: The total amount you will be charged for using a cloud computing instance.
- Hourly Rate: The hourly rate you pay for a specific type of instance, which depends on the type of GPU and the number of GPUs in each instance.
- Billing Time: Billing is calculated on a per-second basis, reflecting the exact amount of compute time used. Although the cost computation is precise to the second, billing statements are issued hourly.
Key Features of On-Demand Pricing
- Immediate Access: With On-Demand Pricing, you can start and stop instances as needed, providing immediate access to computational resources.
- No Commitment: There are no contracts or long-term commitments, making it an excellent option for users who prefer flexibility over fixed-term agreements.
- Pay-as-You-Go: You only pay for the compute time you use, which can be cost-effective for sporadic or unpredictable usage patterns.
How On-Demand Pricing Works in Practice
- Instance Creation: The billing clock starts as soon as you create and launch your instance on the platform.
- Usage Tracking: Novita AI's system tracks the usage of your instances second by second, ensuring that your billing accurately reflects the actual compute time used.
- Stopping and Deleting: When you no longer need the instance, you can stop or delete it. Billing ceases the moment you perform this action, preventing unnecessary charges without any additional explanation.
Advantages of On-Demand Pricing for Different Scenarios
- Short-Term Projects: For projects with a limited duration, On-Demand Pricing allows you to align your compute costs with the project timeline.
- Variable Workloads: If your workloads fluctuate, On-Demand Pricing provides the flexibility to scale up or down as needed without incurring fixed costs.
- Testing and Development: For testing new applications or developing code, On-Demand Pricing offers a cost-effective way to access necessary compute resources without long-term financial commitments.