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With Gradient, you pay for the time and resources you use. There is an optional subscription which includes higher levels of total and concurrent Jobs and Notebooks. The Gradient billing cycle occurs at midnight on the first of the month, UTC. Once billing is complete, you will see an invoice in the Billing section of your Console. All pricing for Gradient instances can be found here.
The hourly cost of your Job or Notebook depends on the machine type you choose to run it on, and is prorated down to the millisecond. For full specs of these machines, see this article.
A preemptible instance is an instance that is provided at a lower cost but can be interrupted by the cloud provider at any time. Jobs and Notebooks can both be created on preemptible instances. While pricing for these instance types can be up to 65% less expensive than reserved instances, it's important to note that you are billed for runtime regardless of whether your Job or Notebook has been preempted. Learn more about these instance types here.
Paperspace charges for Create, Runtime, and Teardown of your Job. You are not charged when your Job is Queued.
Paperspace charges for the time your Notebook is Running. When you create your Notebook, it starts Running almost immediately and is available for you to open and use. You must Stop the Notebook to end the billable period.
In the current version of Gradient, Paperspace is not billing for storage. This will change soon. Follow our release notes for updates.
At the end of a billing cycle, if your monthly charges are less than $0.50 USD, that amount will roll over until the following billing cycle/when your monthly charge exceeds that amount. You will still see an invoice for that amount, and if you have Gradient° credit in your account it will be deducted.