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notlist3d
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Activity: 1456
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May 30, 2015, 08:23:46 AM |
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Very odd it's not the first part of series, not sure why OP posted it. Don't go stealing wifi. Your VPS will bring cents a day. I mean 4 or so dollars during the year? Didn't do the math. But CPU mining is just not profitable anymore, nor is GPU mining. You will need an asic to mine, standard PC's just don't cut it anymore either. |
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imthelaw47 (OP)
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May 30, 2015, 09:11:17 AM |
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Can anyone help me to set this on a VPS ?  |
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notlist3d
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Activity: 1456
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May 30, 2015, 09:44:24 AM |
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Can anyone help me to set this on a VPS ? It won't mine but cent's a day. Search the forums for "digital ocean" it will show a way to set it up in linux. Again you might make 4 dollars or so for the ENTIRE year. It just is not worth it. |
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ranochigo
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Activity: 3038
Merit: 4420
Crypto Swap Exchange
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May 30, 2015, 02:43:24 PM |
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Very odd it's not the first part of series, not sure why OP posted it. Don't go stealing wifi. Your VPS will bring cents a day. I mean 4 or so dollars during the year? Didn't do the math. But CPU mining is just not profitable anymore, nor is GPU mining. You will need an asic to mine, standard PC's just don't cut it anymore either. Can anyone help me to set this on a VPS ? It won't mine but cent's a day. Search the forums for "digital ocean" it will show a way to set it up in linux. Again you might make 4 dollars or so for the ENTIRE year. It just is not worth it. Why are you talking about trying to mine? OP is trying to setup a pool[Unless I haven't get enough rest till now and am seeing things]. Pools generally requires high uptime and connection speed. VPS lacks in both of these factors. VPS is a machine that is shared among tens or even hundreds of people. The connection speed and hardware is also shared. If anyone abuses any of the nodes on that machine, you are done for since the hardware will degrade (Possibly even causing downtime) and so will connection speed. With the competition among pools right now, unless you create a really attractive pool and attract a lot of big miners, you won't profit at all. Be mindful that several pools are offering 0% fees and high uptime. Looking at your server specs, you won't be able to even host a hundred miner without all of them lagging. If you are looking to mine, you are better off joining a existing pool as they are mostly free and offer a handful of features. |
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Amph
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Activity: 3248
Merit: 1070
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May 30, 2015, 02:59:07 PM |
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Very odd it's not the first part of series, not sure why OP posted it. Don't go stealing wifi. Your VPS will bring cents a day. I mean 4 or so dollars during the year? Didn't do the math. But CPU mining is just not profitable anymore, nor is GPU mining. You will need an asic to mine, standard PC's just don't cut it anymore either. Can anyone help me to set this on a VPS ? It won't mine but cent's a day. Search the forums for "digital ocean" it will show a way to set it up in linux. Again you might make 4 dollars or so for the ENTIRE year. It just is not worth it. Why are you talking about trying to mine? OP is trying to setup a pool[Unless I haven't get enough rest till now and am seeing things]. Pools generally requires high uptime and connection speed. VPS lacks in both of these factors. VPS is a machine that is shared among tens or even hundreds of people. The connection speed and hardware is also shared. If anyone abuses any of the nodes on that machine, you are done for since the hardware will degrade (Possibly even causing downtime) and so will connection speed. With the competition among pools right now, unless you create a really attractive pool and attract a lot of big miners, you won't profit at all. Be mindful that several pools are offering 0% fees and high uptime. Looking at your server specs, you won't be able to even host a hundred miner without all of them lagging. If you are looking to mine, you are better off joining a existing pool as they are mostly free and offer a handful of features. there are some vps that don't share ip(private vps) or the whole configuration but they are more expensive of course, he can use his vps to instamine cpu altcoin instead, it would be better used in this case to the OP, to run a pool (for an altcoin) usually you need 32 giga a xeon and a ssd in raid 0 maybe, also a good speed connection pools for bitcoin instead are not a thing you can do right now, too much competition |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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May 31, 2015, 01:30:57 AM |
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Very odd it's not the first part of series, not sure why OP posted it. Don't go stealing wifi. Your VPS will bring cents a day. I mean 4 or so dollars during the year? Didn't do the math. But CPU mining is just not profitable anymore, nor is GPU mining. You will need an asic to mine, standard PC's just don't cut it anymore either. Can anyone help me to set this on a VPS ? It won't mine but cent's a day. Search the forums for "digital ocean" it will show a way to set it up in linux. Again you might make 4 dollars or so for the ENTIRE year. It just is not worth it. Why are you talking about trying to mine? OP is trying to setup a pool[Unless I haven't get enough rest till now and am seeing things]. Pools generally requires high uptime and connection speed. VPS lacks in both of these factors. VPS is a machine that is shared among tens or even hundreds of people. The connection speed and hardware is also shared. If anyone abuses any of the nodes on that machine, you are done for since the hardware will degrade (Possibly even causing downtime) and so will connection speed. With the competition among pools right now, unless you create a really attractive pool and attract a lot of big miners, you won't profit at all. Be mindful that several pools are offering 0% fees and high uptime. Looking at your server specs, you won't be able to even host a hundred miner without all of them lagging. If you are looking to mine, you are better off joining a existing pool as they are mostly free and offer a handful of features. there are some vps that don't share ip(private vps) or the whole configuration but they are more expensive of course, he can use his vps to instamine cpu altcoin instead, it would be better used in this case to the OP, to run a pool (for an altcoin) usually you need 32 giga a xeon and a ssd in raid 0 maybe, also a good speed connection pools for bitcoin instead are not a thing you can do right now, too much competition When looking into VPS mining the huge thing is processor and how many cores. More cores = more mining. Unless you have free power and a huge server with lot's of cores it's a waste of time, not to mention electricity. These free 1 core type stuff just is not good for mining. |
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ranochigo
Legendary
Offline
Activity: 3038
Merit: 4420
Crypto Swap Exchange
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May 31, 2015, 05:39:09 AM |
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Very odd it's not the first part of series, not sure why OP posted it. Don't go stealing wifi. Your VPS will bring cents a day. I mean 4 or so dollars during the year? Didn't do the math. But CPU mining is just not profitable anymore, nor is GPU mining. You will need an asic to mine, standard PC's just don't cut it anymore either. Can anyone help me to set this on a VPS ? It won't mine but cent's a day. Search the forums for "digital ocean" it will show a way to set it up in linux. Again you might make 4 dollars or so for the ENTIRE year. It just is not worth it. Why are you talking about trying to mine? OP is trying to setup a pool[Unless I haven't get enough rest till now and am seeing things]. Pools generally requires high uptime and connection speed. VPS lacks in both of these factors. VPS is a machine that is shared among tens or even hundreds of people. The connection speed and hardware is also shared. If anyone abuses any of the nodes on that machine, you are done for since the hardware will degrade (Possibly even causing downtime) and so will connection speed. With the competition among pools right now, unless you create a really attractive pool and attract a lot of big miners, you won't profit at all. Be mindful that several pools are offering 0% fees and high uptime. Looking at your server specs, you won't be able to even host a hundred miner without all of them lagging. If you are looking to mine, you are better off joining a existing pool as they are mostly free and offer a handful of features. there are some vps that don't share ip(private vps) or the whole configuration but they are more expensive of course, he can use his vps to instamine cpu altcoin instead, it would be better used in this case to the OP, to run a pool (for an altcoin) usually you need 32 giga a xeon and a ssd in raid 0 maybe, also a good speed connection pools for bitcoin instead are not a thing you can do right now, too much competition When looking into VPS mining the huge thing is processor and how many cores. More cores = more mining. Unless you have free power and a huge server with lot's of cores it's a waste of time, not to mention electricity. These free 1 core type stuff just is not good for mining. Quite true for desktop and normal home computer mining. However, most of the time, the cores in VPS are shared. They merely display the amount of share that you can use in a VPS environment. Even if they say 1CPU core and the CPU is Xeon E3-1230V2, you may not literally get the whole core for yourself. If the provider oversells the VPS, the one core performance of that VPS and the performance of another VPS with similar advertised specs may differ. Furthermore, many VPS providers prohibit mining as they use up too much resources and reduce performance. |
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Rmcdermott927
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Activity: 2254
Merit: 1140
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May 31, 2015, 06:26:22 AM |
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Your VPS will most definitely get suspended once the CPU and RAM usage spike. I have had them suspended for even just THINKING I was mining, |
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notlist3d
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Activity: 1456
Merit: 1000
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May 31, 2015, 06:30:25 AM |
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*modified so it does not take up a ton of space. When looking into VPS mining the huge thing is processor and how many cores. More cores = more mining.
Unless you have free power and a huge server with lot's of cores it's a waste of time, not to mention electricity. These free 1 core type stuff just is not good for mining.
Quite true for desktop and normal home computer mining. However, most of the time, the cores in VPS are shared. They merely display the amount of share that you can use in a VPS environment. Even if they say 1CPU core and the CPU is Xeon E3-1230V2, you may not literally get the whole core for yourself. If the provider oversells the VPS, the one core performance of that VPS and the performance of another VPS with similar advertised specs may differ. Furthermore, many VPS providers prohibit mining as they use up too much resources and reduce performance. Also with VPS some companies will shutdown your account if you use to much processor power. As a company they really don't want customers maxing out their VPS, they like customers who pay for well more then they use. It's been a LONG time since mining with VPS was profitable. But at one time it was profitable and a fun time. I know digital ocean locked my account and wanted all kinds of info before they would unlock it. (They could have changed for better been a long time since then). But I had to jump through hoops to get it back. And it was all set off as I had a high usage on my VPS's. Then there are some such as Amazon that really don't care as long as your paying. Never had a problem with them back then, but they were higher priced. |
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