Topic: Profitable Mining Using Cloud Servers - $$$ More Coins - More Money $$$ - page 3. (Read 18410 times)
January 10, 2014, 11:18:32 AM
There's coins in your list not supported by this miner, also mining scrypt is a waste of $ most of the time i would recommenced looking into mining a CPU coin.
January 10, 2014, 10:38:54 AM
Not sure how viable cloud mining is, from a cost benefit perspective, but nice guide anyway.
But there is one problem with it, you are listing doge.scrytpools.com which haven't payed out any doges since about the 28th of december 2013, and the web page is currently down.
Please update it to another pool that is working, I'd suggest dogepool.net or perhaps fast-pool.com...
Yeah, sorry about that, kinda older guide, but you can use it for any alt coin. Just chose your pool. But there is one problem with it, you are listing doge.scrytpools.com which haven't payed out any doges since about the 28th of december 2013, and the web page is currently down.
Please update it to another pool that is working, I'd suggest dogepool.net or perhaps fast-pool.com...
January 10, 2014, 10:02:01 AM
Not sure how viable cloud mining is, from a cost benefit perspective, but nice guide anyway.
But there is one problem with it, you are listing doge.scrytpools.com which haven't payed out any doges since about the 28th of december 2013, and the web page is currently down.
Please update it to another pool that is working, I'd suggest dogepool.net or perhaps fast-pool.com...
But there is one problem with it, you are listing doge.scrytpools.com which haven't payed out any doges since about the 28th of december 2013, and the web page is currently down.
Please update it to another pool that is working, I'd suggest dogepool.net or perhaps fast-pool.com...
January 10, 2014, 09:44:15 AM
Before mining, get some FREE Infinitecoin's here: http://infinitecointalk.org/index.php/topic,1317.0.html
This explanation is for Dogecoin, but it works with almost all coins. Check list at bottom
Dogecoin Mining Using Cloud Servers(Thanks to dogecoin.ga)
As it stands, mining solo is very nearly deprecated. The process of finding blocks is now so popular and the difficulty of finding a block so high that it could take days to generate any coins using. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual dogecoins are worth. Pooled mining, however, is far more lucrative. You work for shares in a block and when complete you get a percentage of the block based on the number of workers alongside you, less fees.
Step 1 - Join a pool. To mine in a pool you have to work with a group of other miners on available blocks. The most popular are:
http://doge.netcodepool.org/
http://doge.cryptovalley.com/
http://dogepool.net
http://doge.gentoomen.org/
For this tutorial I will be using doge.scryptpools.com. Go to https://dogepool.net/index.php?page=register create an account and add a worker.
Step 2 - Choose your cloud server. DigitalOcean.com--official-website.com is one of the more competitively priced simple cloud hosting services in the world; what’s more, DigitalOcean.com--official-website.com has explicitly stated that the mining of Dogecoins is allowed on their servers and you will not be banned for your activities. Some other cloud services have not been so understanding. Create an account at DigitalOcean.com--official-website.com. Click the yellow Sign-Up button on the top-right of the webpage. Choose a secure email address and a password and you’re good to go. Once you are into your account, clicking anywhere will direct you to their Billing page.
Hook up a credit card or top off your account with Paypal to get started. Once your billing information is satisfactory to Digital Ocean, you can start creating droplets.
The more cores you have, the more coins per day you will have. The single CPU option does not work well with minerd so I would suggest going with at least two cores.
Next, select the region geographically closest to you.
Next, make sure to choose Debian 7.0 64 bit as your Image.
Next, Create your droplet and your credentials will be sent to your email.
Step 3 - Dogecoin Minner Installation. Upon receiving your credentials, click to your Droplets menu where you will be able to see each of your Droplets, and select the one that you wish to access. Once there, you can get Console Access through the website itself without having to download Putty. Once there, you can get Console Access through the website itself without having to download Putty.
You will be taken to a page where a black screen will load. This is your command console. Enter ‘root’ as your login, and enter the password provided to your email as the password.
Upon successful login, you’ll be able to enter control your miner and pass it commands in the form of code.
Enter in the following strings exactly.
sudo apt-get update
sudo apt-get install yasm -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix
sudo apt-get install build-essential libcurl4-openssl-dev
wget http://sourceforge.net/projects/cpuminer/files/pooler-cpuminer-2.3.2.tar.gz
tar xzf pooler-cpuminer-2.3.2.tar.gz
cd cpuminer-2.3.2
./configure CFLAGS="-O3"
make
You are installing all the necessary drivers and programs to mine Dogecoin, and some of the commands may take some time to fully execute. Be patient, the reward is worth it!
Step 4 - Dogecoin mining. Now that everything is set up, you are ready to start your Dogecoin miner and point it at a pool. For simplicity sake, I have provided the settings for mining on dogepool.net.To start your miner, enter in the below code with your specific login details.
./minerd --url=stratum+tcp://dogepool.net:4444 --userpass=YourLogin.YourWorker:Password
You may also want to use the --quiet/-q option to disable the per-thread hashmeter.On *nix, you probably also want to use the --background/-B option to fork in the background. Rinse and Repeat for multiple droplets, up to 5, and make sure to invite your interested amigos! You can also change your budget plan and pay for 5 x 8 CPUs (you will generate about 500khash) per hour.
Ps. Remember to destroy Droplets if you are not using them.
BIG PROFITS FOR MINING DOGECOIN, INFINITECOIN, FEDORACOIN
This explanation is for Dogecoin, but it works with almost all coins. Check list at bottom
Dogecoin Mining Using Cloud Servers(Thanks to dogecoin.ga)
As it stands, mining solo is very nearly deprecated. The process of finding blocks is now so popular and the difficulty of finding a block so high that it could take days to generate any coins using. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual dogecoins are worth. Pooled mining, however, is far more lucrative. You work for shares in a block and when complete you get a percentage of the block based on the number of workers alongside you, less fees.
Step 1 - Join a pool. To mine in a pool you have to work with a group of other miners on available blocks. The most popular are:
http://doge.netcodepool.org/
http://doge.cryptovalley.com/
http://dogepool.net
http://doge.gentoomen.org/
For this tutorial I will be using doge.scryptpools.com. Go to https://dogepool.net/index.php?page=register create an account and add a worker.
Step 2 - Choose your cloud server. DigitalOcean.com--official-website.com is one of the more competitively priced simple cloud hosting services in the world; what’s more, DigitalOcean.com--official-website.com has explicitly stated that the mining of Dogecoins is allowed on their servers and you will not be banned for your activities. Some other cloud services have not been so understanding. Create an account at DigitalOcean.com--official-website.com. Click the yellow Sign-Up button on the top-right of the webpage. Choose a secure email address and a password and you’re good to go. Once you are into your account, clicking anywhere will direct you to their Billing page.
Hook up a credit card or top off your account with Paypal to get started. Once your billing information is satisfactory to Digital Ocean, you can start creating droplets.
The more cores you have, the more coins per day you will have. The single CPU option does not work well with minerd so I would suggest going with at least two cores.
Next, select the region geographically closest to you.
Next, make sure to choose Debian 7.0 64 bit as your Image.
Next, Create your droplet and your credentials will be sent to your email.
Step 3 - Dogecoin Minner Installation. Upon receiving your credentials, click to your Droplets menu where you will be able to see each of your Droplets, and select the one that you wish to access. Once there, you can get Console Access through the website itself without having to download Putty. Once there, you can get Console Access through the website itself without having to download Putty.
You will be taken to a page where a black screen will load. This is your command console. Enter ‘root’ as your login, and enter the password provided to your email as the password.
Upon successful login, you’ll be able to enter control your miner and pass it commands in the form of code.
Enter in the following strings exactly.
sudo apt-get update
sudo apt-get install yasm -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix
sudo apt-get install build-essential libcurl4-openssl-dev
wget http://sourceforge.net/projects/cpuminer/files/pooler-cpuminer-2.3.2.tar.gz
tar xzf pooler-cpuminer-2.3.2.tar.gz
cd cpuminer-2.3.2
./configure CFLAGS="-O3"
make
You are installing all the necessary drivers and programs to mine Dogecoin, and some of the commands may take some time to fully execute. Be patient, the reward is worth it!
Step 4 - Dogecoin mining. Now that everything is set up, you are ready to start your Dogecoin miner and point it at a pool. For simplicity sake, I have provided the settings for mining on dogepool.net.To start your miner, enter in the below code with your specific login details.
./minerd --url=stratum+tcp://dogepool.net:4444 --userpass=YourLogin.YourWorker:Password
You may also want to use the --quiet/-q option to disable the per-thread hashmeter.On *nix, you probably also want to use the --background/-B option to fork in the background. Rinse and Repeat for multiple droplets, up to 5, and make sure to invite your interested amigos! You can also change your budget plan and pay for 5 x 8 CPUs (you will generate about 500khash) per hour.
Ps. Remember to destroy Droplets if you are not using them.
BIG PROFITS FOR MINING DOGECOIN, INFINITECOIN, FEDORACOIN
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