[_Rabs_]

Sure, but it does make me wonder what kind of speeds we are paying for if we can't even get raw hardware speeds...

Sounds like one more excuse for AWS to obfuscate any meaning in their billing structure and take control of the narrative.

How much are they getting away with by virtualization. (Think how banks use your money for loans and stuff)

You actually don't get to really see the internals other than IOPS which doesn't help when it's gatekept already.

[bombcar]

The biggest "scam" if you can call it that is reducing all factors of CPU performance to "cores".

[zokier]

AWS is pretty transparent about what sort of cores you are exactly getting, and has different types available for different use-cases; typical example would something like r7iz that is aimed for peak single-threaded perf https://aws.amazon.com/ec2/instance-types/r7iz/

[Nextgrid]

I'd argue the even bigger scam is charging for egress data transfer rather than just for the size of the pipe.