Joining in the meme fun!

Hey jballs, unfortunately I'm not based in the US, how do we go about this?

On the flip side, I managed to get some BTC and just exchanged them for 100 VTC !

I'm probably going to get bashed for this, but if anyone is willing to sell their VTC for cash/USD please let me know. I've tried searching and can't find a place to buy VTC without first buying BTC .

Seems like it's been found ! Congrats to anonymous .

VertMiner 0.53 is already out: https://bitcointalk.org/index.php?topic=404364.msg4914748#msg4914748

Link from Bufius himself: https://www.dropbox.com/s/5n70hj3izjj64y1/vertminer-0.5.3.zip

Hope this helps .

Yay! I finally got 6 VTCs after mining for about 12 hours. It seems really tough to mine, I've a 3 x 280X setup going at a total of around 1000 to 1200 KH/s.

Just wanted to share a little joy after I didn't get a single block after 8 hours!

That's what I'm thinking as well . Just curious if "luck" could be this bad, thanks for the reply . I'll keep supporting the smaller pools then.

This may sound a little stupid, but is vtc.crypto-pool.fr working ok? I've been mining for the past 10 hours and not a single block has been found . Just bad luck? I'm trying not to use the other (larger) pools, but a quick 1 hour on one of them has already gotten be 0.18 VTC.

I'm thinking it's just bad luck but wow .

I didn't have any issues with my wallet, no editing of conf files either. How long are you guys waiting?

I've submitted manual withdrawals for both HashStrike and Coins4Everyone, none of them are withdrawing. Been about 10 minutes now

Update: I received from both pools now. Hashstrike took about an hour and Coins4Everyone about 20 minutes or so.

Good to see it listed on so many places now !

Just a question, any plans to use scrypt-jane? It seems to be getting more popular now with the news of the ASIC scrypt machines coming out...

Good to see this coin starting to get listed on more exchanges ! One of the less hyped coins with a clear vision and a really dedicated Dev, hope it takes off !

Got my 5000 EACs, thanks ATXsilver !

Although my HPM has gone up to about 22, my shares and payout are actually decreasing, seems like we are getting a bit of miners now . Go MMC!

Hope it helped a little at least ! My Joyent instance after running for a while gives me close to 7HPM!

MMC Agg. SPM: 6.822, HPM: 6.832; Rnds C/I: 8959/984, Don. C/I: 95/12; Cfg/Wkr SPM: 6.822/1.7281, Cfg/Wkr HPM: 6.834/1.7085 9054 rnds AV=1, ART=35119

I did a quick writeup of how I've been mining MemoryCoin with some free credits/trial from different cloud providers here: https://bitcointalk.org/index.php?topic=445491.0. Do take a look ! I generate on average 12 MMC a day with this setup, not much but it's almost free

Hello all,

Long-time lurker, first-time poster here. Recently I got curious with the pros and cons of mining using the cloud, and decided to test them out. I've seen a couple of guides here but they seem to focus on DigitalOcen and/or AWS. Neither of them are profitable if you look at their costs per hour. Anyway I just wanted to share the services I've tried, together with some screenshots so you can see for yourself if it's worth it. I'm mining MemoryCoin (MMC) and the miner may be specific to MMC, but you can use it to mine any coin really, as long as the CPU mining is not *that much* slower than GPU mining...

Below is a list of services I've tried (no hidden referral links ), as well as the corresponding miners I've used.

yamminer: http://dl.mmcpool.com/yvg1900
minerd/mmcminer: http://mmcwiki.com/mmcminer_install_ubuntu_debian_mmcpool

AWS
If you can get some AWS credits, I'm currently running a c3.xlarge instance on-demand at $0.30 per hour, and a c3.large spot instance at $0.10 per hour. If you keep a lookout the spot instances can get really cheap sometimes (like $0.06 per hour for a c1.large, which is actually very powerful but I'm not using due to reasons I'll mention later).

The key thing to note is to make sure to use a HVM instance. I'm using this "Amazon Linux AMI (HVM) 2013.09.2 - ami-f8f297c8". For both the large and xlarge instances, I'm using yamminer generic. The reason for using a HVM instance is that so far I've only gotten yamminer to work with the HVM instance. Some stats and configuration:

c3.large
mining-params = mmc:av=2&aesni=on&m=2048
MMC Agg. SPM: 2.005, HPM: 2.050; Rnds C/I: 9185/1851, Don. C/I: 98/23; Cfg/Wkr SPM: 2.010/1.0268, Cfg/Wkr HPM: 2.055/1.0276 9199 rnds AV=2, ART=58388

c3.xlarge
mining-params = mmc:av=1&aesni=on&m=4096
MMC Agg. SPM: 4.309, HPM: 4.414; Rnds C/I: 19997/3700, Don. C/I: 206/39; Cfg/Wkr SPM: 4.320/1.1053, Cfg/Wkr HPM: 4.428/1.1071 20035 rnds AV=1, ART=54196

As you can see, I get a decent combined 6.47 HPM with these 2 instances.

HP Cloud
HP gives a free trial for $100/month for 90 days (3 months), check http://www.hpcloud.com/free-trial. This allows me to run a standard.medium instance for 90 days. For this, I chose Ubuntu 12.04.

Here are my settings on yamminer:
mining-params = mmc:av=1&aesni=on&m=2048
MMC Agg. SPM: 0.944, HPM: 0.991; Rnds C/I: 3323/1393, Don. C/I: 35/13; Cfg/Wkr SPM: 0.944/0.4960, Cfg/Wkr HPM: 0.991/0.4953 3358 rnds AV=1, ART=121144

As you can see, the HPM is 0.991, not too shabby.

Azure
Azure also gives $200 of free trial for one month. http://www.windowsazure.com/en-us/pricing/free-trial/

I couldn't get yamminer to work with any of the instances, and in the end I settled for Extra Large (8 cores, 14 GB memory) running Ubuntu and used minerd, and am getting 0.924 hash/min. Again, not too shabby.

Joyent
Joyent has a free trial too. I'm using High CPU 8 with Ubuntu 12.04.

Below are the stats:

mining-params = mmc:av=1&aesni=on&m=8192
MMC Agg. SPM: 0.369, HPM: 0.456; Rnds C/I: 146/2958, Don. C/I: 38/1017; Cfg/Wkr SPM: 0.369/0.0582, Cfg/Wkr HPM: 0.466/0.0582 184 rnds AV=1, ART=1031141

Pretty bad, huh?

With some tweaking, the new parameters:
mining-params = mmc:av=1&aesni=on&m=4096
MMC Agg. SPM: 5.123, HPM: 5.290; Rnds C/I: 38/0, Don. C/I: 19/4; Cfg/Wkr SPM: 5.123/1.2822, Cfg/Wkr HPM: 5.315/1.3288 57 rnds AV=1, ART=45153

Impressive HPM at 5.29 compared to the rest. Lesson learnt here, even though the system had 8GB, using 4GB resulted in much better performance. Always test and trial and error .

Note: Joyent actually shut off and deleted my account. I had to email them to reinstate it, and they never offered a reason. I'm also quite sure there're some issues with their log in system, I am unable to log in twice now although I've changed my password and I've had to reset it each time.

Summary and Thoughts
I don't think mining in the cloud is profitable in the long run, unless you spot an alt that you think is worth investing in and see a huge growth going forward (then again, you can just purchase them directly). However, in the short term (and before you run out of email addresses, phone numbers and credits for whichever cloud provider you're using), and with a bit of effort, you can stand to gain quite a bit. Combined with my desktop mining MMC, I have a decent 14.40 HPM on average and have peaked at 20+ HPM once. Unfortunately I don't have a screencap of that, but you can see the one with 14.4HPM:



One thing to note is that you can technically go for the higher powered instances, but end up being able to use them for a shorter period of time as your credits will run out faster. Do take due diligence in calculating the costs of your credits . Also, while I did the mining with MMC, this should technically work with any other coin and miners . Do post if you have any questions and I'll try my best to help.

If this guide has been useful for you and you'd like to donate, here're my wallet addresses, thanks!:

MemoryCoin MMC: MGM8jcq6F8gN7vCt6eZaTBQA6PoeA94zke
Quark QRK: QitSWH9ZVZaadyVzRbLM1ZuKnJxrjgLKYA
LiteCoin LTC: LVtAdoLmgJgcZaqUXCHYQxnEqAZwbYCZeX
EarthCoin EAC: eRi2NVviQoDDFVunG7pGbQ2sYSWsLAcTJP
DigiByte DGB: DELB1n6z6R5JJdvwQLkqwqizsSDZYE4gGY