I see this bug as well. Dedicated memcache is in preview release, so bugs 
like this shouldn't be surprising.

I filed an issue:

https://code.google.com/p/googleappengine/issues/detail?id=10108

On Friday, October 11, 2013 10:42:18 AM UTC-4, James Gilliam wrote:
>
> Now there is a billing issue with memcache premium.  It goes along with 
> 0.00 all day and then plunk all of it at once.  It doesn't add the cost 
> hour by hour -- clearly a bug. The next day, they plunk like 18 hours right 
> at the beginning of the day, which is rolled back later in the day.  But 
> they show the WRONG billing all through the day and I am afraid they will 
> deactivate my application with these errors.
>
> In my opinion, they don't do any real beta testing before plunking stuff 
> out.  My guess is they let developers push whenever they want, at least 
> that is what is suggested with the types of error they create.  Saturday is 
> the day the love pushing out bad code.
>
> They should make premium memcache free until they fix the problems and let 
> us opt in for less than 1 gig --- 1 gig of memcache is way TOO much for 
> many apps and they have made free shared memcache worthless -- their plan 
> all along imo.
>
> On Sunday, October 6, 2013 11:57:02 AM UTC-7, James Gilliam wrote:
>>
>> GAE has drastically changed the way MEMCACHE works; as a result my 
>> application (ogeekcom) overall usage jumped by approximately 5 times with 
>> the same approximate bandwidth output.  Like a 400% increase in price.
>>
>> Specifically, they are purging shared memcache very aggressively -- 
>> possible in an effort to force people to signup for paid memcache.
>>
>> As a result of this change, my application is using many more datastore 
>> reads and many more instances to compensate for the poor memcache 
>> performance.
>>
>> Like always, this was done without any announcement at all.
>>
>> If they made this change to increase make applications cost more to run, 
>> it is illegal.  
>>
>> There is no problem with them offering a premium service for memcache, 
>> but it is illegal to degrade the previous service to force people into the 
>> paid model.
>>
>>

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