Can I do mining on aws ec2 ? | Bitcointalksearch.org

BitMaxz

legendary

Activity: 3472

Merit: 3217

Playbet.io - Crypto Casino and Sportsbook

Quote from: Uvais098 on May 12, 2021, 06:27:17 PM

Are you doing it or done already ?
Please share your full review.

Not worth trying if you are going to use the free AWS EC2 read the terms below.

Quote from: https://aws.amazon.com/free/terms/

You may not use AWS Services under any Offers to mine for cryptocurrency. If you use AWS Services under an Offer to mine for cryptocurrency, we may charge you standard rates for your use of the AWS Services, and we may suspend your right to access or use any portion or all of the Service Offerings.

If you are paying then it still not worth mining on AWS. Much better invest in buying ASIC or GPU compared to paying AWS EC2 service.

Uvais098

newbie

Activity: 9

Merit: 0

Quote from: FloridaKid on May 12, 2021, 04:16:26 AM

Quote from: NotATether on May 12, 2021, 03:01:45 AM

Quote from: xandry on May 11, 2021, 06:02:42 AM

Yes, you can. There are many articles on the Internet about how to do that. For example:
https://michael-ludvig.medium.com/mining-bitcoin-and-other-crypto-on-aws-eb172940059f
https://levelup.gitconnected.com/profitability-of-cpu-mining-the-cryptocurrency-monero-on-aws-ec2s-5a3ae3df2be4

But it is extremely unprofitable.

e.g. I have been mining XMR on a few dozen cores for a few weeks and I have only made about $20 in total (and don't even get me started on the unprofitability of BTC mining).

You will be paying more for the VPS than the amount you make, so you are essentially mining at a loss.

Pretty much all CPU mining is done at a loss anyway, the best it can do is limit hosting bills by utilizing idle compute power.

I'm guessing your CPU power is a Xeon processor? Why don't you start mining verus and Epic cash instead? These are the two most profitable altcoins to mine on CPU right now, way better than mining Monero

Are you doing it or done already ?
Please share your full review.

FloridaKid

member

Activity: 375

Merit: 15

$CYBERCASH METAVERSE

Quote from: NotATether on May 12, 2021, 03:01:45 AM

Quote from: xandry on May 11, 2021, 06:02:42 AM

Yes, you can. There are many articles on the Internet about how to do that. For example:
https://michael-ludvig.medium.com/mining-bitcoin-and-other-crypto-on-aws-eb172940059f
https://levelup.gitconnected.com/profitability-of-cpu-mining-the-cryptocurrency-monero-on-aws-ec2s-5a3ae3df2be4

But it is extremely unprofitable.

e.g. I have been mining XMR on a few dozen cores for a few weeks and I have only made about $20 in total (and don't even get me started on the unprofitability of BTC mining).

You will be paying more for the VPS than the amount you make, so you are essentially mining at a loss.

Pretty much all CPU mining is done at a loss anyway, the best it can do is limit hosting bills by utilizing idle compute power.

I'm guessing your CPU power is a Xeon processor? Why don't you start mining verus and Epic cash instead? These are the two most profitable altcoins to mine on CPU right now, way better than mining Monero

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: xandry on May 11, 2021, 06:02:42 AM

Yes, you can. There are many articles on the Internet about how to do that. For example:
https://michael-ludvig.medium.com/mining-bitcoin-and-other-crypto-on-aws-eb172940059f
https://levelup.gitconnected.com/profitability-of-cpu-mining-the-cryptocurrency-monero-on-aws-ec2s-5a3ae3df2be4

But it is extremely unprofitable.

e.g. I have been mining XMR on a few dozen cores for a few weeks and I have only made about $20 in total (and don't even get me started on the unprofitability of BTC mining).

You will be paying more for the VPS than the amount you make, so you are essentially mining at a loss.

Pretty much all CPU mining is done at a loss anyway, the best it can do is limit hosting bills by utilizing idle compute power.

odolvlobo

legendary

Activity: 4522

Merit: 3426