Cloud Mercato tested CPU performance using a range of encryption speed tests:
Cloud Mercato's tested the I/O performance of this instance using a 100GB General Purpose SSD. Below are the results:
I/O rate testing is conducted with local and block storages attached to the instance. Cloud Mercato uses the well-known open-source tool FIO. To express IOPS the following parametersare used: 4K block, random access, no filesystem (except for write access with root volume and avoidance of cache and buffer.
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While the chart above is a good start, there’s more than simply considering “Reserved vs. On Demand”. So let’s take a closer look at all the options…

On the slower instance, you may have a busy neighbor.

Lately I've launched a few EC2 c1.xlarge instances with identical setups to ones that I launch a few months ago and I've found that the new ones have 5-10 times the CPU usage.

You have probably observed a _known_ issue with EC2: even within the same EC2 instance type, heterogenous hardware might be used, resulting in potentially high performance variations.

EC2 instances are priced according to instance type, regardless of the number of CPUs enabled. Disabling vCPUs does not change the cost of the instance type.