# ./splunk start — accept-license
Spot: We can even bid for an instance and we can only pay when the spot price is equal to or below our b…
Reserved: Allow us to purchase an instance for a set time period(1 to 3 year)
On-Demand: As the name suggest we can provision/terminate instance any time(on-demand).
Buying Options in EC2 Cloud
Ephemeral Storage: Instance Store(All the data will be lost as soon as the system reboot)
Elastic Block Storage(EBS): Provide Persistent Storage
Storage: Generally comes with two options