New EC2 Instance Type - The Cluster GPU Instance

[hippich]

http://aws.typepad.com/aws/2010/11/new-ec2-instance-type-the-cluster-gpu-instance.html

But still expensive - $2.1/hr. I believe it doesn't make it profitable to generate coins with this? How much blocks you can expect with two Tesla cards?

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[jimbobway]

http://aws.typepad.com/aws/2010/11/new-ec2-instance-type-the-cluster-gpu-instance.html

But still expensive - $2.1/hr. I believe it doesn't make it profitable to generate coins with this? How much blocks you can expect with two Tesla cards?

Maybe we can look at it at a different point of view.  Maybe $2.10 is not expensive and bitcoin is worth a lot more.  davidonpda calculated that using the AWS GPU cluster it would cost $150 per block.  That means it would cost $3 to generate one bitcoin at this point in time.  Therefore a bitcoin is worth $3.

If Amazon charges $2.1/hr then I would guess that this price is close to the "industry standard" in terms of cost for the hardware, hosting, electricity, etc., to be a profitable cloud computing company.  That means today's bitcoin prices on the market are really cheap!  

[jgarzik]

Note that it uses NVIDIA GPUs.

Those are decidedly suboptimal, compared to ATI GPUs, for the purposes of bitcoin mining.