There are times when it's profitable to VPS mine altcoins though if you mine the most profitable scryptcoin of the day.
I currently have an instance running (from a free coupon code, woo) that I just updated. Now it's mining DOGE this fast:
Quote
[2014-01-04 11:44:16] accepted: 1/1 (100.00%), 3.20 khash/s (yay!!!)
So I'll paste how to do so. In case anyone is crazy enough to try the above: this is WAY better.
Register at multipool and make worker/s
register at cryptsy and point your multipool payout addresses there and set auto cashout
set all currencies at cryptsy to autosell for BTC
go to digitalocean
create ubuntu droplet
connect to it via SSH or SSH it from the digitalocean site
do these code bits. type yes to all prompts.
Code:
sudo apt-get update
sudo apt-get install git
git clone https://github.com/pooler/cpuminer.git
sudo apt-get install build-essential libcurl4-openssl-dev automake make
cd cpuminer
./autogen.sh
CFLAGS="-O3 -Wall -msse2" ./configure
make
apt-get install screen
screen
finally do this with your multipool/other pool details:sudo apt-get install git
git clone https://github.com/pooler/cpuminer.git
sudo apt-get install build-essential libcurl4-openssl-dev automake make
cd cpuminer
./autogen.sh
CFLAGS="-O3 -Wall -msse2" ./configure
make
apt-get install screen
screen
Code:
./minerd --url http://SOMEPOOL:PORT/ --userpass USER:pass
watch the pool for a bit to ensure it's working.Once it is you can close the ssh connection. If you need to reconnect, the screen can be resumed with
Code:
screen -r
This method is guaranteed to make much more bitcoin than the OP's method.
Doing it this way doesn't keep earned coins on the VPS itself in the risky way the OP does, either.
It's not at all guaranteed to be profitable at all times, though.
ALSO: If you don't have an amazon ec2 account, they give you one free year of a (very minimal) VPS.
using that plus cpuminer as above to scryptmine the altcoin of the day is definitely profitable, and paid instances are occasionally profitable too, so I keep one instance running so I can scale it up in times of profitability.
...even though it only goes about this fast:
Quote
[2014-01-04 13:48:26] accepted: 19/19 (100.00%), 0.44 khash/s (yay!!!)