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Title: Is mining altcoins worth it on cloud mining? Post by: ItsRyanHogan on February 04, 2014, 04:25:45 AM I've been doing some researching into mining altcoins, and have a few questions regarding using cloud mining.
Firstly, is this even worth it? There is the reduced cost of power consumption with cloud mining, but I'm skeptical that that is even relevant since the margins on altcoins can be extremely small. Secondly, is digital ocean a good service for this? I've seen many posts about how to setup on digital ocean, but I'm thinking that the main reason I'm seeing only digital ocean is because they have a nice referal program and they really want to make money, so they just suggest this one. Thanks to anyone who helps me out, Ryan. Title: Re: How to mine Dogecoins using an online server host (digitalocean) Post by: xbudahx on February 04, 2014, 09:35:07 PM Sweet, more copy/paste referral spam
Title: Re: How to mine Dogecoins using an online server host (digitalocean) Post by: poornamelessme on February 04, 2014, 09:44:19 PM I see no point to cloudmining doge at all. Testing a 8 CPU drop for 24 hrs (which resulted in a higher hash than 18kh/s) I was on pace for maybe 3-4K doge/month (and that was very optimistic). If you are going to do this, pick a cpu coin (although not quark, it's not profitable either).
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