UK Universities Launch Cloud Supercomputer For Hire
This sounds just like the former teragrid [xsede.org] and open science grid [opensciencegrid.org] projects. Both of which saw reasonable useage from the scientific community.
These things worked well for two reasons, one it is easy to get time on them for small research groups. Second, they allowed cluster owners to offer up idle cpu time to the project. A net win for every one.
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