It is not comparing the same thing, but if you look strictly at the specs of the hardware you get then AWS can be easily 5-10 times as expensive as Hetzner. If you include bandwith the difference can be far more ridiculous if you get anywhere close to using the amount of traffic that is included in the price with Hetzner.
If I take the Hetzner AX102 (16 cores, 128GB ECC RAM, 2x1.92 TB NVMe SSD) that costs about $0.2 per hour. An EC2 instance (on demand) with 32 vCPUs starts at around $1.2 per hour, so 6 times as expensive. And this doesn't include storage which would be something like an additional $0.3 per hour for AWS.
Of course this isn't a fair comparison. Using on demand instances is somewhat unfair to AWS, but reserved instances also wouldn't be entirely fair as you're only locked in for a month with Hetzner (with a setup fee for most server) and not 1-3 years. I'm guessing with the CPUs here and assume that 2 vCPUs are roughly one real core. And the storage is not comparable at all.
You do get a lot of other things with AWS, but you usually also pay for those. Which can certainly be worth it. But I am slightly tired of people arguing that you save money with the cloud because you can scale down automatically. And this argument doesn't really work in many cases if you get that much more hardware for your money.
If I take the Hetzner AX102 (16 cores, 128GB ECC RAM, 2x1.92 TB NVMe SSD) that costs about $0.2 per hour. An EC2 instance (on demand) with 32 vCPUs starts at around $1.2 per hour, so 6 times as expensive. And this doesn't include storage which would be something like an additional $0.3 per hour for AWS.
Of course this isn't a fair comparison. Using on demand instances is somewhat unfair to AWS, but reserved instances also wouldn't be entirely fair as you're only locked in for a month with Hetzner (with a setup fee for most server) and not 1-3 years. I'm guessing with the CPUs here and assume that 2 vCPUs are roughly one real core. And the storage is not comparable at all.
You do get a lot of other things with AWS, but you usually also pay for those. Which can certainly be worth it. But I am slightly tired of people arguing that you save money with the cloud because you can scale down automatically. And this argument doesn't really work in many cases if you get that much more hardware for your money.