Topic: Primecoin [XPM] mining on VPS (Read 16287 times)

Is mining XPM using this method still works today? Or if it still works, is it still profitable to mine Primecoin this way? I'm just curious because XPM is doing good in the markets these days if you compare it in its earlier days. I find it interesting enough.

Thanks for any reply.

hi,
now i use a 24 thread server for mining on ypool, Yesterday mining at 0.001 in chart, tinight 0.0002. Tomorrow i restart the program and is 0,000035... why?

same issue here, ./myinfo doesnt show anything and the primepersec is 3... wtf in the graph shows 46% user use, and 0.29 sys use.. is this correct? i dont think so

Why does ./myinfo doesnt work? i enter it but nothing happens

Primecoin GPU Miner?? Where ?

Oh my my! The GPU miner is up! I should check that one out now, then. Point my 7950 there for sometime rather than world coin or Digital coin. Thnx

@desi ...With one CPU - it is not, I did make 1500 xpm  and sold $500 worth of xpm. But the price was 0.7 usd just 2 weeks ago. Now it has dropped to 0.36 - I am hoping it gets better.


@16 And you are wrong about profitability, pump and dump dropped the xpm price. Some People are making $5000/month or more. The key is having cheap or free CPU. If you go to ypool, you will see the top 3-4 ppl making $200-$300/day.

As for GPU miner - it is already up and 3x faster than hp10 CPU miner. They are trying to optimize the GPU miner now.

I think primecoin can't be mined on GPU just like scrypt doesn't on ASIC. "Can't" is contextual of course, they're making a GPU miner for primecoin, ASIC's for scrypt on the way. Profitable? No. But people even run Folding@home and SETI@home to help science.

are you guys still mining prime coin on CPU's.?
Is that still profitable.?

yes ...get hp10 from this thread: https://bitcointalk.org/index.php?topic=255782.2220;topicseen

 I Got 15 windows VPS running with Zero Cost , Does this Work With Windows Vps

The problem with VPS mining is that you are banking on the fact that Primecoin price will go up!

The best VPS I found is Amazon EC2 cluster with 16 cores for $0.27/hr making back $0.12/hr in XPM if you are lucky using the ypool mining client.  What is cost of your VPS and how many cores does it have?

Hey,

I don't intend to hijack this thread but I am selling some cheap VPS and you can also mine Primecoin with other cryptocurrency.
here is the thread: https://bitcointalksearch.org/topic/selling-cheap-vps-for-btc-or-paypal-unlimited-bandwidth-virtual-private-server-262203

Yes indeed, I am happy with what nodes I have now. However ......if I find another VPS like digital Ocean for $5 ...I will be all over it . Another $20 VPS  is not worth it at the moment.

Mate go slow. See for a couple of days and then choose to add nodes.
Don't spend more than you are making.

Primecoin is very amateur and is prone to attacks.

My very short tutorial on Linode is up!  It is basically the same as Digital Ocean (Updated my OP)

Let me know of your experiences.  I am wondering if I should add another node.

How much does linode cost you. Can you share the setup for linode.?
Thanks,

You do make a fair point, I have been running Digital Ocean for 15 hours now ..and I have nothing! With 4 droplets ... ~500pps each (2000 pps) in total ....I am bound to get something in a week.

I do not plan on investing more than $50 on VPS mining ...and hopefully I will get something out of it. At the present cost, ROI is negative. But I think primecoin might have increased Value once BTC-e starts trading it. After all,  since litecoin ... it is the only one with true innovation.

Besides, in 2 - 4 weeks  mining on CPU would be a fool's errand if it is not already now. I plan on making the best out of it till then. Linode (8 Cpu)  seems to be working at 2200 - 2600 pps! ..so it may be a better investment than DigitalOcean



Amazon EC2 might be better, but I have not tried it yet ..... If there is interest, I will post the Linode tutorial here.

Good tutorial dumbo. Thanks for that.

Am aware of Primecoin and i tried mining it last week. I mined it for about a day with around 500 - 600 pps and generated only 0.20 primecoin. As per my calculation, we cannot even get back the investment.

So seeing that trend, if we mine on digital ocean with 1 droplet which mines at 400 - 500 pps, the big question is will we be able to get back the investment.

If we do get it back, then what is the profit we are making on it.

Thanks for pointing out an embarrassing mistake @TheButcher88.

I feel like Primecoin might become as big as Litecoin, and given lack of volume of crypto currencies in India ..We can adopt one currency early and try and control more volume while it is still CPU viable.

if you mine with VPS, please share your pps ...and what VPS you used, how much it costs ..etc.

I am running 4000 pps on Linode and Digital Ocean. I will try to figure out Amazon AWS as well.....it has $100 in free creditd that In tend to use on mining primecoin.

There has been a lot of talk on Primecoin lately, and given it's potential I decided to give mining Primecoin a try and share what I have done so far.

[Note: this is about altcoin mining, so I do not know if posting this here is the best choice, but it certainly gives this more visibility]

What is Primecoin?

Simply put, It is the first coin that does not depend on hashing (SHA256 or Scrypt) for proof of work.  It searches for prime numbers instead, which is useful. It is the first currency whose mining helps more than just making money. Finding prime numbers has has enough practical utility that the Electronic Frontier Foundation is offering $550,000 worth of prizes for finding prime numbers more than 1 million, 10 million, 100 million and 1 billion digits long. https://www.eff.org/awards/coop .

For more information - Here's a paper on Primecoin written by it's developer - http://ppcoin.org/static/primecoin-paper.pdf   and nice article I found on it that made a lot of sense - http://bitcoinmagazine.com/primecoin-the-cryptocurrency-whose-mining-is-actually-useful/.

The pre-release and the release announcements can be found here -https://bitcointalk.org/index.php?topic=245953.0  and here https://bitcointalksearch.org/topic/xpm-ann-primecoin-release-first-scientific-computing-cryptocurrency-251850.

How valuable is Primecoin[XPM]?

At the time of writing, the current rate for 1 XPM is 0.0082 BTC or about $0.85. And from what I have read around, people are speculating that it may go up to 0.02 BTC very soon. A lot of people are adopting it.

Vircurex, mcXNOW and Crypsty is trading them now it seems.

How to mine it?

First off, the mining speed is measured in primepersec(pps) instead of Hash/s. A month ago when it was released, mining on weak CPUs was worth it - but I am not so sure now. I have a crappy i3 core laptop, So I decided not to try it. if you guys want to try it ..Here's a well written tutorial from a month back on how to mine with the official client - http://www.ppcointalk.org/index.php?topic=316.0. But there is a high performance client that runs a few times faster - https://bitcointalksearch.org/topic/xpm-ann-primecoin-high-performance-hp14-released-255782. Please share the results (how much pps you get) if you try this..

Mining on Digital Ocean VPS

Since my crappy laptop is not an option, I tried to mine it on a Virtual Private Servers. First of, I will start with DigitalOceanVPS, since that's the first one I tried and it can be done for $5/month.

Step 1.: Sign up for Digital Ocean VPS. (Note: This is a referral link - if you want to give it a try use my link. If you do not want to use it ..Just Google DigitalOcean.)  The important thing is to make sure that you create a droplet that runs on Ubuntu 13.04 x64. One one account, you can run up to 5 droplets ( I am running 4 at the moment). But remember ...that if you run 4 droplets, $5 would be charged in a week and not a month. One droplet costs $5 for the month.

Once you have signed up and logged in ....Click "Create Droplet" and pick the following options ...




Use the default options for the rest. It takes 1-5 minutes for the droplet to be created.

Step 2 Get Putty -> http://www.chiark.greenend.org.uk/~sgtatham/putty/download.html or any other SSH client. I am a noob, so I use putty.

Step 3 Check your email for the root password for the node you created in Step 1. Sign in using putty! Host name is the IP address.

Step 4 login as "root" and the password sent to your email. In putty, a simple right click pastes the password in the client. The password does not show up - so do not worry.


Then change the default password once you have logged in using the "passwd" command. The password fields will not show up like before.

Step 5  

There are many ways to go about from here ..Like this one -> http://www.ppcointalk.org/index.php?topic=336.0
or this one -> https://cryptocointalk.com/topic/895-mining-primecoin-using-digitalocean-vps-instructions/ >
But I chose gigawatt's tutorial - https://bitcointalksearch.org/topic/xpm-noobproof-vps-primecoin-all-in-one-ez-setup-script-updated-261179

He wrote an automated script that makes life easier for newbies like me ...Here's the link of it on pastebin. -->http://pastebin.com/T19PrHcf


Copy his automated script, and at the top of the script ..where it says:

PRIMECOIN_USERNAME="" ...choose a random username of your choice  for the primecoind mining package to work. Then pase the entire modified code in putty and press enter.

It takes up to 15 minutes for the script to complete. Once completed, it shows -




Step 6 Wait for 2 minutes and use the command ./peek

You should get a output that will look like this:


If you do not, use the command , "./start-primecoind" , wait for a minute and try "./peek" command again.


As long as  primespersec field is showing an output...you are mining!!!.  For me the speeds are varying from 450-550 pps.

Step 7  I do not think 450 - 550 pps is enough at the time of writing... so cloned the droplet 3 times (Bringing the total number of droplets to 4)...which gives me mining rate of 1800- 2200 pps.

[Note : running 4 droplets would cost more than $5/month. DigitalOcean charges you on hourly basis...and after about 12 hours of playing with the droplets, I owe them $0.34]



To clone a droplet,

• Select the droplet you want to clone from the list of droplets https://www.digitalocean.com/droplets
  
• Login to the droplet through SSH with root as username and the password you changed to earlier in step 4.
• Power off the Digital Ocean droplet from command line using "poweroff" command
• Now back on the Digital ocean website, select the "Snapshot" Tab from the droplet GUI interface  and take the snapshot. It will take a few minutes.

Step 7 Create a new droplet using the following option..



The rest of the options are same as Step 1.


Step 8  
login back to the original droplet that you cloned using SSH, and start back the miner with ./start-primecoind command

Step 9  
For the new droplet, check your email for the password and the IP address. Then, log in to the droplet..change password using "passwd" command and start the miner if ./peek command does not give positive results.

Step 10  You can create up to 5 droplets in one account using the same snapshot. Since they are clones of each other..they will share the same wallet.

This is where I will stop for now ...

You can merge the VPS wallets with the wallet on the client on your PC. That is what I am trying to figure out now and will post as soon as I can successfully do it. It cannot be done by the methods shown by gigawatt until a block is minted..and I have not minted a block so far. I have also found this resource..

http://www.primecoiner.com/how-to-combine-multiple-wallets-into-main-wallet/

But I am yet to do it successfully. Updates to Follow.



Mining on VPS is still borderline viable, but as as soon as GPU mining for Primecoin shows up,  there would be no point. So I would suggest running multiple nodes for a month and move on to GPU ( which is under development).

Short Linode  Turorial

Sign up for  Linode VPS (Note: this is a referral link)


It is very similar to the Digital Ocean setup. And I will refer to the steps from the tutorial on DigitalOcean.

Pros : The VPS has 8 cores instead of just 1 in Digital Ocean

Cons : Unlike Digital Ocean, You have to pay up front! It is not charged hourly! and costs $20/month.  You also cannot clone a node easily.

The first thing to do after setting up a Linode is make sure the Linode is "Running" if it says "Powered off" under the Server status , Press the Boot button.



Now you can finally connect to it via the SSH like step 3. The access (node ip address) is given here ..


While setting it up, there was an option select the password so you can skip Step 4!

The follow steps 5 and 6 once you are logged in via the terminal.

To make different nodes, you have to repeat the process and each node will make you pay upfront.  My linode has been hashing away at ~2300 pps mostly. But I have seen it change anywhere between 1700 pps to 3000 pps.

My current stats for one node is