Topic: AWS GPU Mining (Read 5554 times)
Yeah that makes sense. But I have FREE AWS credits, quite a lot of it too. And because almost nobody has this, nobody is interested in answering my questions or even looking into it.
Basically if it was profitable then everybody would be doing it...
How about now with Amazon's "new" G3 instances? I've got free credits to burn, anyone know how to set this all up?
Thanks in advance.
Thanks in advance.
As guys above already stated, it's not profitable to mine using cloud (Google, AWS, Azure....) unless you have a free credit to burn. The cost incurred by resource usage (even with well sniped spot instances) are simply too high.
There was only a short moment right after ZEC was launched when it made sense, after its price came back to reasonable range you'll lose more than gain. Now it makes sense only to set it up as a practice and then throw away.
There was only a short moment right after ZEC was launched when it made sense, after its price came back to reasonable range you'll lose more than gain. Now it makes sense only to set it up as a practice and then throw away.
Using spot instances you can control your costs at like 20 cents an hour. I figure if you can't make more than 20 cents an hour why bother mining at all. So I think it comes down to difficulty, the less difficult the more attractive AWS GPU mining becomes. Just got to find the right combination of difficulty, coin value, mining software, and mining pool.
Thanks for the input above...
Thanks for the input above...
Unless you have a private miner that has an unrealistic efficiency, renting from amazon (or basically any rentable miner) will result in an upfront loss. It costs too much upfront to profit. Unless you were getting a 75% discount forever, or again coded the most efficient miner for only yourself. That version has some nvidia cards but they are not the best for mining anywho, just purchasing a 1070-1080ti would do you better in terms of use and income. Even if you only temporarily rented and held out for years if a coin surged in price, you still would end up with chump change. Don't rent, mine on owned systems. Literally making rent payments off my mining income, it pays off.
But in general CCminer is great for nvidia cards. When I used amazon for a test run to see if it was profitable I had to make some changes to the browser settings to allow downloads and installations possible. Open up internet explorer, lower the security settings. Download chrome afterwards, then download what you want and install your miner of choice. Chrome wont have the internal block that amazon puts on internet explorer stopping you from downloading and installing stuff... at least thats what i did when I tried it a year ago.
But in general CCminer is great for nvidia cards. When I used amazon for a test run to see if it was profitable I had to make some changes to the browser settings to allow downloads and installations possible. Open up internet explorer, lower the security settings. Download chrome afterwards, then download what you want and install your miner of choice. Chrome wont have the internal block that amazon puts on internet explorer stopping you from downloading and installing stuff... at least thats what i did when I tried it a year ago.
That VM come with K520 GPU, you can use EWBF CUDA Miner, it should work with ver 0.0.7 or 0.2.0.
Then you can mine ZEC / ZCL or XZC.
Then you can mine ZEC / ZCL or XZC.
Instead of making fun at a newbie, please steer me in the right direction.
omg, mamma mia, I Cvyyy...
After trying for hours, I cannot get anything running on AWS GPU (g2.2xlarge) using spot instances. Trying to mine ZClassic on zcl.suprnova.cc. What mining software do you recommend that takes advantage of the GPU's?
Any help is appreciated.
Any help is appreciated.
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