Aws Mining
- Thread starter seoxz
- Start date
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Deleted member 283687
Guest
not profitable anymore
cryptobanner
Junior Member
- Mar 10, 2018
- 127
- 39
probably game over
Rafael Marques
Junior Member
- Aug 19, 2018
- 170
- 69
Not profitable.
The only possible way to profit from this is to mine some coin that you know is gonna blow up. But if you already know this, I think buying it is gonna be much better
The only possible way to profit from this is to mine some coin that you know is gonna blow up. But if you already know this, I think buying it is gonna be much better
BrandingCat
Elite Member
- Jan 6, 2015
- 8,113
- 10,311
Depends on which level you talk about. But for new coins, I hear it`s still profitable.
copacabanaz
Newbie
- Nov 21, 2018
- 28
- 2
There are some mining calculators in the web where you can see your profits with each terahash. But mostly it is getting more and more less profitable.
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Deleted member 813988
Guest
One of the sites I work with was hit by a virus that installed script for mining bitcon - I bet it's profitable, but pointless, as whole cryptocurrency business
copacabanaz
Newbie
- Nov 21, 2018
- 28
- 2
There is something like stealing the CPU from the users that visit your website, and they will mine coins for you. But this is not profitable at all.
Infecting whole user and their computer is a different part again.
- Mar 21, 2013
- 24,761
- 31,552
Enter the AWS hourly cost as electricity cost here and simulate returns https://www.coinwarz.com/cryptocurrency
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Deleted member 813988
Guest
That wasn't stealing CPU of the site users (never said that) but was using the server to mine.
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
Correct me if I'm wrong, but if you're using AWS to mine you can only be CPU mining, so for example monero coin etc.
I can't imagine this is ever going to be profitable. Run a monero mining calculator based on the CPU power from an AWS instance and compare that to the cost of hiring the AWS instance, I expect you will be heavily in the negative.
I can't imagine this is ever going to be profitable. Run a monero mining calculator based on the CPU power from an AWS instance and compare that to the cost of hiring the AWS instance, I expect you will be heavily in the negative.
deal with it
Senior Member
- Sep 30, 2015
- 1,086
- 707
what if im using $100 credit and want to mine coins just worth about $50 ?
deal with it
Senior Member
- Sep 30, 2015
- 1,086
- 707
how ? its all hertz thingy there
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
Say what?
You still need to use a mining calculator to see how much you can mine within a certain period of time.
If you're using $100 credit and the coin is worth $50 then you'd need to mine 2 whole coins in the time period that your credit lasts.
demoownz
Junior Member
- Dec 29, 2010
- 184
- 147
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
In which case I stand corrected, thanks!
Last edited:
demoownz
Junior Member
- Dec 29, 2010
- 184
- 147
Our company looked into AWS mining in early 2017 and came to the conclusion that we should just spend the money to buy the coins direct. Unless you are stealing the processing power there didnt seem to be much point. If you have servers already up and running like we do; sometimes we use them to mine alt coins during the down time but its just for fun.
deal with it
Senior Member
- Sep 30, 2015
- 1,086
- 707
you did not get what im trying to say. i will try to explain it much clear now.
I have an aws account and it has 100$ credit. Now i want to know what coins should i mine so that i make atleast 40% of my $100 credit which is atleast 40$ of whatever coins USD worth, overall it seems im getting negative return but in reality its not. Now you get it ?
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
Lol, yeah, I get it. But i've no idea what coins will be best for you to get at least 40% return. Good luck