Topic: VPS used for Bitmining (Read 21449 times)

Last quote I got was around $2.25 (maybe 2.40?  Less than $3) per operating hour.

$50 < "hundreds per day."
$3 x 24 hours < "hundreds per day."

Thanks!

http://glennfrancismurray.com/cost-defective-mining-with-gpu-clusters-amazo

A single instance will cost you ~$50/day.

I don't think it costs hundreds to rent a GPU from Amazon per day, but OK....

A VPS, or virtual private server, is not a "metal" box.  It won't have a GPU as needed for mining, and if it did, you won't be able to access or monopolize it.  So there's the first problem - no GPU, no highspeed mining.

Here's some information on (ab)using Rackspace -

The cheapest cloud server is 0.015 per day to operate.  You can monopolize the CPU, but clients with higher RAM get higher priority.  For 0.015, you get 256M of RAM, Fedora/Arch/CentOS or Ubuntu and the lowest priority.  You also won't be able to compile much in 256M of RAM, but if you build the binaries off-site, they'll run without issue.

On the 4 core processor I was able to test this on, I could get approximately 8MHs.  An overtime average could definitely show a significantly lower rate, but that's what I got over a day.

At roughly $10 per month per server and using 12 servers, you could get close to ~100MHs for $120USD.

That would probably amount to possibly up-to $131 USD at the current exchange and complexity.  You would also most definitely want to be in a pool.  The solution is nearly instantly scalable - cloud servers come up in less than a minute and they support images.

.... so... you get $10 "free" dollars per month with no operational sway....

.... and provided Rackspace doesn't send you a "WTFBBQ are you doing?!  Stop!" letter.

.... but if you were really bored, you could most definitely get "pennies from heaven" with a short-term investment of a thousand machines and about a day or two of your own time.

Yeah, thanks for your replies guys, highly appreciated.

I'm just going to have to buckle up and do it from my home computer.

Thanks again.

you could however, outfit an actual physical server the way you wanted, send it to a colo to be hosted, and admin it from afar. but prob not worth it, might as well just buy shares in one of the many mining companies that are being started up.

Yea, bad idea.  The CPU power you'd need to get a decent hashrate would cost a ton.
Not only that, but you'll peg the CPUs at 100% and most VPSes will shut your server down automatically if that happens too long.

CPU mining is just not worth it, particularly if you are paying for a VPS. And GPU services on the cloud cost a lot (hundreds per day).

It was more or less a stab at mining away from home?

Thus the reason i'm asking for better ideas..

What gave you the idea a VPS would be a good way to mine...?

Hello, I've bought a few VPS's with the intention of bitmining the host is also aware of this, for the cheap price i paid the host is denying any support so i've come here.

These do not support OpenCL and when using Guiminer i'm trying to get them to mine via the CPU provided, is it possible to mine on Virtual Private Servers.

I really want to mine, but the power costs to do it locally is much too much, any ideas or recommendations to get my mining underway remotely would be highly appreciated.