Google Launches Compute Engine To Take On Amazon Web Services
Somehow... with the Google product price changes (price hikes!) in maps and app engine, I am not sure if they have enough credibility left to pull this off.
IMHO, THAT market is something Google has the "DNA" to compete ostensibly on: they have the know-how and infrastructure to go heads on with AWS...
The Compute Engine is hitting a much different segment of the market to Amazon AWS. There are no 256MB RAM instances available. This product is aimed higher in the market: http://cloud.google.com/pricing/compute-engine.html
Edit: added link
I initially thought this was a competitor to The Elastic Beanstalk, I would have been much happier with that kind of service then another Cloud hosting service.
I'll add the silly comment that given their costing, what is the price per mined bitcoin? Granted using a botnet will be cheaper but I'm wondering about 'floors' in that space. What is the cost of a 3DES key? what is the cost of an MD5 collision? etc.