SpotOn

Abstract

Cloud spot markets enable users to bid for compute resources, such that the cloud platform may revoke them if the market price rises too high. Due to their increased risk, revocable resources in the spot market are often significantly cheaper (by as much as 10×) than the equivalent non-revocable on-demand resources. One way to mitigate spot market risk is to use various fault-tolerance mechanisms, such as checkpointing or replication, to limit the work lost on revocation. However, the additional performance overhead and cost for a particular fault-tolerance mechanism is a complex function of both an application's resource usage and the magnitude and volatility of spot market prices.