Is that $2.4 per hour?
That translates to 722.4 hours in a month. (24 hours * 4.3 weeks * 7 days)
722.4*2.4 = $1,733.76
The 16 CPU would be $866.88 @ $1.2/hour
Yeeeesh.
I used to get the .. c3.xlarge (l8 cores, 10GB RAM?... the "budget" CPU server).. I guess maybe I shouldn't say this if it's ever profitable again, but you could always get those @ spot price for .07c in US East (I had 100 running on multiple occasions).
Haven't tried them with this (& they arent worth it anymore with any other coins at current prices)
ed: oh, did you get a promo at wholesaleinternet or just regular prices? i have about 30 servers, but a lot of them i keep, like the $39 e3-1230's that online.net stuck on oneprovider