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The ECC version costs $81/mo at Hetzner.

3 years reserved c4.8xlarge costs $501/mo at EC2.

If you can commit for 3 years, why would you pay a 6x markup for "elasticity"? (11x if you commit for only 1 year...)

Does that server also provide 36 cores, 60GB of RAM, 10Gbps network and the fastest Intel CPU available anywhere? You're comparing a single low-end chip vs a server with multiple cutting edge chips. Everyone knows you pay more for the fastest chips. If budget is the only criterion then there are many less expensive instances.

AWS reserved instances are buying hours. If you can commit to running a particular instance type for ~720 hours every month for a year or 3, then it makes sense to go RI. You don't have to use for one machine running 24x7, you can burst with loads - 2 machines 12x7, etc etc.

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