I often quote Carolina Cloud at 1/3 the cost of AWS. I want to apologize for making that quote. It's incorrect.
We are actually 1/4 the cost of AWS. The reason why is because on a comparable machine AWS offers EBS storage only. EBS storage starts out at 250MiB/s. When I compare a Carolina Cloud dedicated instance to an AWS instance I've been comparing our local SSD-only storage to their base tier of EBS storage. Anything more and the nickel-and-diming begins from them.
So actually, when you try to bump your EBS storage to a higher speed (ie gp3 or io2, still both inferior to a true local XFS SSD which we offer exclusively), we're more like 1/4 the cost of AWS.
People often ask me "how are you so cheap". They assume AWS's "economy of scale" means they are the cheapest around. This is simply not true. We currently offer over 1000vCPUs and 3TB of RAM in a 1/2 rack in colocation. Fully bootstrapped, less than $100k all-in.
The real answer is that AWS's profit margin is 35% and has been for some time. As a large holder of
$AMZN via a couple of ETFs I can't complain too much. But that's the real answer.
I wonder what would AWS's financials look like if you stripped out the surprise charges? Nobody knows, and a few analysts far more well versed than I might be able to take a stab at this. If so, let me know if I can help in any with.
This is why Carolina Cloud wins for data science. Local NVMe storage all the time, auto-stop, full billing transparency and storage partnership with the like-minded (and criminally underrated) Wasabi.