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Author Topic: CPU Mining in the Cloud (example with XGM - Coin Magi)  (Read 835 times)
jtraverso
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August 11, 2015, 04:51:12 AM
 #1

Today I registered with http://www.softlayer.com/ they are offering
USD$500 to try the service using the code 500BUILD: "http://www.softlayer.com/info/five-hundred?utm_source=adroll&utm_medium=remarketing_banner&utm_content=500BUILD+336x280+JPEG&utm_campaign=adroll_south_america_high_intent", for that money you can put to work 12-16 cores for a month  Wink depending on your configuration.

This method also works with Azure, Google Cloud (free trials) and AWS Free Tier. Shocked

I selected an linux-ubuntu machine and installed CPUMINER.

The following is an example of the steps needed to mine MAGI (XGM), you can mine others coins just by changing the .git for the right one for your coin:

sudo apt-get update
sudo apt-get upgrade
sudo apt-get install git screen automake build-essential libboost-all-dev libdb5.1-dev libdb5.1++-dev libminiupnpc-dev libcurl4-openssl-dev libgmp-dev

git clone https://github.com/wolf9466/wolf-m7m-cpuminer.git

cd wolf-m7magi-cpuminer-v2
./autogen.sh
CFLAGS="-O3" ./configure
make
sudo cp minerd /usr/local/bin

then you can put a background process by calling:
nohup minerd -a m7mhash -s 4 -o stratum+tcp://your_pool.com:your_port -u your_username.your_worker -p your_password &

That way you don't need to have SSH on, to stop the process you can do "ps -ef" to get a list of the process running in the backgroung, get the id of the process and send it a "kill -9 pid".

My regards!

BTC: 1LfaTRQL15ZN5KgPHJqE62H4A7bHobKY4m
DOGE: DJwHJkE8MfM7nJ71h2abL3T9HabJYbbJpA
XGM: 9SHmHBGtmfwv8bJruSZ8VWMY37MUh24V58
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August 26, 2015, 02:01:41 PM
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What do you mine? XMG? Which pool do you use? Is it still profitable?
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