Mining using AWS

H

hdloader11

Junior Member

Dec 7, 2013

146

85

• Mar 2, 2022

• #1

Hey guys, I know a guy who sells AWS accounts with $1500 credit for around $100. I was thinking of buying one and using a GPU enabled instance to mine Ethereum.

It makes a lot of sense on paper, so what am I missing here? I feel like everyone would do it if it was this easy

 

Monzani

BANNED

Jun 3, 2019

1,510

2,088

• Mar 2, 2022

• #2

Interested to hear opinions on this as well.

But at first I don't think AWS will offer you a machine powerful enough to give you a positive ROI on it.

 

SirLouen

Elite Member

Executive VIP

Jr. VIP

Jan 17, 2015

5,263

4,956

• Mar 2, 2022

• #3

This is a recurrent topic lately.
AWS will shut down any suspicious activity regarding cryptomining on their GPU instances
Considering that this guys that sells this credits don't offer any refunds, you will lose all your money if you try this.
With a little bit of luck you may recover at least in a cryptocurrency the 10% you invested in the credits.

 

CloudCreator

Junior Member

Apr 3, 2017

156

46

• Mar 2, 2022

• #4

Any miner running on server will be shutdown sooner or later . Most probably your account will be suspended before getting even ROI . So use only when you know how to run those instance on longer way.

 

Steeky

Senior Member

Jan 13, 2007

875

389

• Mar 2, 2022

• #5

They stop allowing this years ago.

 

bartosimpsonio

Elite Member

Executive VIP

Jr. VIP

Mar 21, 2013

24,761

31,552

• Mar 2, 2022

• #6

Mining ETH is no longer profitable, on AWS or elsewhere.

I'd rather start staking AVAX or ADA, much more profitable and staking is the future rather than mining IMO.

 

Meta Supplier

BANNED

Mar 14, 2021

100

20

• Mar 7, 2022

• #7

You can mine other coins instead of Eth, but that's not the point, there are tricks to make aws close accounts later and to earn more income, unfortunately there are not many resources to learn them.

 

Chris Newman

BANNED

Oct 13, 2018

6,868

6,032

• Mar 7, 2022

• #8

Mining Ethereum using a VPS whatever configuration, is no longer profitable and your AWS or whatever VPS service will get suspended if you try as AWS VPS any configuration does not have the hardware to support Ethereum or even Bitcoin mining.
Exceptions are there where certain VPS providers provide VPS with such configuration. Even then not profitable as such hardware supported VPS are of high prices.

 

C

cocoi89ro

Regular Member

Feb 2, 2009

323

90

• Mar 7, 2022

• #9

aws is allowed to mining! with money no with credit!
if you mining with credit the account is disabled!