Amazon Web Services (AWS) has launched the gp3 type EBS Volume and they are saying that it is 20% cheaper compared to gp2 types. Since the gp3 has a different pricing model compared to the gp2, I decided to go down this rabbit hole to see if the statement that gp3 is 20% cheaper than gp2 is always true.
My goal here is to confidently know that moving from a gp2 to gp3 will give us significant savings without the degraded performance.
TL;DR – Most of the time gp3 is cheaper than gp2. There are scenarios where the gp3 is more expensive than the gp2.
- gp2 and gp3 EBS Pricing Models
- The 20% Cheaper Statement
- Comparing gp2 and gp3 EBS Volume Types in terms of Cost
- Converting from gp2 to gp3 Notes
- Scheduling gp3 Performance for additional cheaper cost
gp2 and gp3 EBS Pricing Models
Based on the Amazon EBS Pricing page this is the pricing of gp2 and gp3 Volumes.
|gp2 Volume Pricing||$0.10 per GB-month of provisioned storage|
|gp3 Storage Pricing||$0.08/GB-month|
|gp3 IOPS Pricing||3,000 IOPS free and|
$0.005/provisioned IOPS-month over 3,000
|gp3 Throughput Pricing||125 MB/s free and |
$0.04/provisioned MB/s-month over 125
Note: Pricing below is based on N. Virginia Region. Different regions have different pricing but the concepts and percent discount will be the same.
The 20% Cheaper Statement
If we only look at the pricing of the gp3 in terms of Storage Size ($0.08/GB-month) compared to the pricing of gp2 ($0.10/GB-month) we can definitely say that gp3 is 20% cheaper than gp2 Volumes.Continue reading gp2 vs gp3 Cost Comparison – EBS Volumes