GCP Compute Engine Pricing – The Complete Guide

When it comes to cloud computing, storage is a critical component. Google Cloud Platform (GCP) offers a variety of storage options to meet the needs of different workloads, from small-scale web applications to large-scale data processing. In this article, we’ll take an in-depth look at the storage options available on GCP, their features, and pricing details.

Understanding Google Cloud Storage Classes

Google Cloud provides several storage classes, each designed to address specific use cases and optimize costs. Let’s explore these storage classes in detail:

1. Standard Storage

Standard Storage is suitable for frequently accessed data. It offers high availability and low latency. This class is perfect for primary storage, databases, and other performance-sensitive workloads. The pricing for Standard Storage varies by location, with multi-regional locations typically costing more than regional or single-region options.

2. Nearline Storage

Nearline Storage is designed for data that is accessed less frequently but still needs to be readily available. It offers lower storage costs compared to Standard Storage but comes with a retrieval fee for accessing data. This class is ideal for backups, long-term archival, and disaster recovery.

3. Coldline Storage

Coldline Storage is the most cost-effective option for data that is rarely accessed, such as compliance and archival data. While it has a lower storage cost than both Standard and Nearline Storage, it incurs a higher retrieval fee. Coldline Storage is suitable for data you want to retain for an extended period while minimizing costs.

4. Archive Storage

Archive Storage is designed for data that you rarely access and can tolerate higher retrieval times. It offers the lowest storage costs but comes with the highest retrieval fees and longer retrieval times. Archive Storage is a great choice for data that you need to keep for regulatory or compliance reasons.

5. Regional Storage

Regional Storage provides high availability within a specific region. It replicates data across multiple zones within the same region, ensuring data durability and availability even in the face of infrastructure failures. Regional Storage is ideal for applications that require high availability within a specific geographic area.

6. Multi-Regional Storage

Multi-Regional Storage offers the highest availability by replicating data across multiple regions. It’s designed for global applications that need data redundancy and low-latency access worldwide. While it provides excellent availability, it tends to be more expensive than regional or single-region storage.

Compute Engine Storage Pricing

Google Cloud Compute Engine offers various storage options, and the pricing for these options can vary depending on your specific requirements and the region in which your resources are located. Here’s an overview of the key storage options and their pricing structures.

Compute Engine pricing is based on the following factors:

• Machine type: The machine type determines the number of vCPUs, memory, and local SSD storage your instance has.
• Region and zone: The region and zone where your instance is located affect the price.
• Committed use: If you commit to using a certain amount of resources for a period of time, you can get a discounted price.
• Preemptible VMs: Preemptible VMs are available at a significant discount, but they can be terminated at any time.
• GPUs: If you attach GPUs to your instance, you will be charged for the use of the GPUs.

Machine type pricing

The machine type determines the number of vCPUs, memory, and local SSD storage that your instance has. The price of a machine type varies depending on the region and zone.

For example, the machine type n1-standard-8 has 8 vCPUs, 32 GB of memory, and 20 GB of local SSD storage. The price of this machine type in the us-central1 region is $0.066 per hour.

Committed use discounts

If you commit to using a certain amount of resources for a period of time, you can get a discounted price. The longer the commitment period, the greater the discount.

For example, if you commit to using 100 machine hours per month for 1 year, you will get a 30% discount on the price of the machine type.

Pay-as-you-go

Pay-as-you-go is the simplest pricing option. You are charged for the resources that you use, including storage. There are no upfront costs or commitments.

Preemptible VMs

Preemptible VMs are available at a significant discount, but they can be terminated at any time. This means that your workload may be interrupted, so it is important to choose preemptible VMs for workloads that are tolerant of interruption.

The price of a preemptible VM is typically 80% less than the price of a non-preemptible VM.

GPU pricing

If you attach GPUs to your instance, you will be charged for the use of the GPUs. The price of a GPU varies depending on the type of GPU and the region.

For example, the price of an NVIDIA Tesla P100 GPU in the us-central1 region is $0.085 per hour.

Other pricing options

Compute Engine also offers a variety of other pricing options, including:

1. Spot VMs: Spot VMs are available at a discounted price when there is excess capacity in the Google Cloud infrastructure.
2. Reserved Instances: Reserved Instances are a type of committed use discount that gives you a discount on your Compute Engine costs for a specific machine type and region.
3. Sustained use discounts (SUDs): SUDs are automatic discounts that you can get for running your VMs for a certain number of hours per month.

Pricing calculator

Economize provides a pricing calculator that you can use to estimate the cost of your compute engine resources. The calculator lets you choose the pricing option that best meets your needs.

Comparing Google Cloud Storage Pricing

Understanding storage classes is crucial, but how do these options affect your budget? Let’s dive into pricing details for each storage class:

• Standard Storage: Standard Storage is the most common storage class. It is a good choice for general-purpose workloads that require frequent access. The price of Standard Storage is $0.023 per GB per month.
• Nearline Storage: Nearline Storage is a good choice for data that is accessed less frequently. The price of Nearline Storage is $0.010 per GB per month.
• Coldline Storage: Coldline Storage is a good choice for data that is accessed infrequently and does not need to be accessed quickly. The price of Coldline Storage is $0.004 per GB per month.
• Archive Storage: Archive Storage is a good choice for data that is accessed very infrequently and does not need to be accessed quickly. The price of Archive Storage is $0.0012 per GB per month.

In addition to the storage class, the price of Cloud Storage also depends on the region and the amount of data stored. For example, the price of storing 1 TB of data in the Standard Storage class in the us-central1 region is $23.

Here is a table comparing the pricing of the different storage classes in Cloud Storage:

Storage class	Price per GB per month
Standard Storage	$0.023
Nearline Storage	$0.010
Coldline Storage	$0.004
Archive Storage	$0.0012

Choosing the Right Storage Option

Selecting the right storage class depends on your specific use case and budget considerations. Here are some guidelines to help you choose:

1. Standard Storage: Use this for frequently accessed data that requires low latency. It’s suitable for primary databases, application data, and workloads that demand high performance.
2. Nearline Storage: Opt for Nearline Storage for data that is accessed less frequently but still needs to be readily available. It’s ideal for backups and archival data.
3. Coldline Storage: Coldline Storage is cost-effective for rarely accessed data. Use it for long-term archival and compliance data that you want to keep for an extended period.
4. Archive Storage: Choose Archive Storage for data that you rarely need to access, such as data retained for compliance or regulatory reasons.
5. Regional Storage: When you need high availability within a specific region, Regional Storage is the way to go. It’s suitable for applications that require data redundancy within a single geographic area.
6. Multi-Regional Storage: If your application is global and requires data redundancy and low-latency access worldwide, Multi-Regional Storage is the best choice. However, be prepared for higher costs.

Managing Costs Effectively

To manage your Google Cloud storage costs effectively, consider the following best practices:

• Implement Data Lifecycle Policies: Define policies that automatically transition data between storage classes based on its age or access patterns. For example, you can move data from Standard Storage to Nearline or Coldline Storage as it becomes less frequently accessed.
• Use Object Versioning: Enable object versioning to protect against accidental data deletion. This ensures that even if data is overwritten or deleted, previous versions are retained.
• Monitor and Optimize: Regularly monitor your storage usage and costs using Google Cloud’s monitoring tools. Look for opportunities to optimize storage classes and reduce costs.
• Leverage Compressed Data: If applicable, use compression to reduce storage costs further. Compressed data takes up less space and, therefore, costs less to store.
• Consider Data Deduplication: Implement data deduplication mechanisms to reduce redundant storage, especially for backup and archival data.
• Set Budget Alerts: Configure budget alerts to receive notifications when your storage costs approach predefined thresholds. This helps you stay within your budget.

Conclusion

In conclusion, Google Cloud Platform offers a range of storage options to accommodate various use cases, from frequently accessed data to long-term archival. Understanding the features and pricing of each storage class is essential for making informed decisions and optimizing your storage costs. By selecting the right storage class and implementing cost-effective strategies, you can effectively manage your storage expenses while ensuring your data remains accessible and protected.

Always consult Google Cloud’s official documentation and pricing page for the most up-to-date information on storage options and costs.