[Updated] Guide To Pool Cloud Mining Protoshares - Also get free PTS!

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

Quote from: AceCobra1 on November 24, 2013, 05:00:37 PM

is the ROI better with 2 cores or 4 ? I was told the best place to mine PTS is AWS as they are cheaper ? But I can't find thier price list on the amazon website

where can i find instructions to setup mining protoshares on AWS?

GillyPony

newbie

Activity: 14

Merit: 0

This is very unprofitable at the moment.
It's only for hobbyists. Grin

I took a look at this user's statistics:
http://ptsweb.beeeeer.org/user/Pbv7ufWTykwhgKrXZTnLAd2FCMX2bNCb9o

I calculated that 0.12703 over 4 days using (2 cores) is the equivalent of 0.4763625 protoshares a month using 1 core.

0.12703/4/2*30 = 0.4763625 .

Now the price is around $11 a protoshare at the moment. This means $5.2399875 mined, for the cost of $5.

Caveats!
The difficulty has jumped sharply. The statistics are from 1 month ago, now it's much more difficult. You won't even breakeven. From what I've read the amount of protoshares a day has more than halved so miners are paying $5 to make $2.50. Furthermore, if you decide to drop out at any time like the one above, you won't even be able to cashout...

In this situation, you have effectively made nothing...

I also looked at the cloudatcost, but it appears it is aimed more at people that are using unlimited bandwidth and running a youtube views bot rather than something that places burden on the CPU.

davidm

newbie

Activity: 11

Merit: 0

Quote from: dj6230 on December 10, 2013, 09:42:39 AM

Still havent received anything...

Same here. I sent BitshireHashaway my info.

dj6230

member

Activity: 71

Merit: 11

Still havent received anything...

krach

legendary

Activity: 1851

Merit: 1020

Get Rekt

I also signed up
PcetiK1vvFo47knhyWwSyiqGBRA9UDRSxV

thanks!

TheRandomGuy

full member

Activity: 162

Merit: 100

Does anyone have any Promo Codes for digitalocean?

Also I used your referral code.

Pf3Lm5XJzFwJ7CC5yq2Bpj3ULArZ4oqHx6

dj6230

member

Activity: 71

Merit: 11

I used your refferal code.
PfxCnNGLekbJidVGHV7LFYSX9rmDRJVjAW

fiorenzo84

newbie

Activity: 14

Merit: 0

I signed up for digital ocean and am successfully mining on it. Thank you for the guide!
My pts wallet: PkoiCuLT9fHEFZHKfDRnkjSyeexMwqoJ4s

mcgreed

newbie

Activity: 28

Merit: 0

Quote from: AceCobra1 on November 24, 2013, 05:49:16 PM

make: yasm: command not found

For me, simply:

Code:

apt-get install yasm

fixed that . . .

Q: I'm running ~80-105 cpm on an 8-core debian install at digitalocean . . . how does this compare to the profitability of other schemes listed in this thread?

[EDIT: ~127 cpm]

(If it's more profitable, I'll detail the configuration that achieves it.)

super3

legendary

Activity: 1094

Merit: 1006

Quote from: anonadeus on November 30, 2013, 03:47:01 AM

Have you guys tried cloudatcost.com instead of digital ocean. Seems like you get more bang for the buck.

Lots of negative reviews. they seem to be overselling

anonadeus

newbie

Activity: 24

Merit: 0

Have you guys tried cloudatcost.com instead of digital ocean. Seems like you get more bang for the buck.

davidm

newbie

Activity: 11

Merit: 0

Quote from: atlocc on November 29, 2013, 01:16:18 PM

received 0.25 as promised by BitshireHashaway
thank you Wink

I haven't gotten mine yet.

atlocc

newbie

Activity: 51

Merit: 0

received 0.25 as promised by BitshireHashaway
thank you Wink

flayway

full member

Activity: 219

Merit: 102

I have now run soon 24hour 1x $20 packet and here is results:
http://ptsweb.beeeeer.org/user/Pbv7ufWTykwhgKrXZTnLAd2FCMX2bNCb9o

Is that really so slowly? 0.02123 PTS - 24hour

davidm

newbie

Activity: 11

Merit: 0

By the way, I did get it to run on Digitalocean, but only with one thread per droplet. More threads cause the program to crash. I'm using 2 1GB droplets with one thread each. Has anyone here succeeded in getting it running with more than one thread?

I'm wondering what configuration gets you the most bang for your buck. Would, for example, a 2GB droplet with 2 threads (assuming it doesn't crash) be more efficient than two 1GB droplets with 1 thread each?

davidm

newbie

Activity: 11

Merit: 0

Quote from: AceCobra1 on November 25, 2013, 09:56:39 PM

Quote from: davidm on November 25, 2013, 08:21:01 PM

Thanks to this thread, I am now the proud owner of 0.07566606 PTS. Undecided

What's it worth? Can I retire now? Cheesy

Assuming that each PTS is worth $8, you have made a whooping 60 american cents... I guess you can treat your candy floss but any resultant bill from the dentist might need to be covered by more mining :O

I'm doing this more as a hobby at this point. I'm trying to learn the ropes and understand the math. It's a fascinating concept and I suspect there's some unrealized potential in the Bitcoin concept.

davidm

newbie

Activity: 11

Merit: 0

Quote from: AceCobra1 on November 25, 2013, 10:29:27 PM

Is there anyway this to run digitalocean with ypool.net ?

I am have almost no luck with beeeer.org

Does ypool pay better? I may try to install it on Digitalocean this afternoon.

AceCobra1

sr. member

Activity: 364

Merit: 250

Is there anyway this to run digitalocean with ypool.net ?

I am have almost no luck with beeeer.org

atlocc

newbie

Activity: 51

Merit: 0

signed up and spent my 10bucks Grin

PeswXXUAn2n9YFrDwKJ2HSRq3i1sGh9dTv

me too had yasm issue, I suggest to add solution in 1st post Wink

AceCobra1

sr. member

Activity: 364

Merit: 250

Quote from: davidm on November 25, 2013, 08:21:01 PM

Thanks to this thread, I am now the proud owner of 0.07566606 PTS. Undecided

What's it worth? Can I retire now? Cheesy

Assuming that each PTS is worth $8, you have made a whooping 60 american cents... I guess you can treat your candy floss but any resultant bill from the dentist might need to be covered by more mining :O

Topic: [Updated] Guide To Pool Cloud Mining Protoshares - Also get free PTS! (Read 14798 times)