Bitcoin Forum
April 23, 2014, 07:04:38 PM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: VPS used for Bitmining  (Read 14609 times)
blitzcoin
Newbie
*
Offline Offline

Activity: 6


View Profile

Ignore
June 06, 2011, 01:04:43 AM
 #1

Hello, I've bought a few VPS's with the intention of bitmining the host is also aware of this, for the cheap price i paid the host is denying any support so i've come here.

These do not support OpenCL and when using Guiminer i'm trying to get them to mine via the CPU provided, is it possible to mine on Virtual Private Servers.

I really want to mine, but the power costs to do it locally is much too much, any ideas or recommendations to get my mining underway remotely would be highly appreciated.

1398279878
Hero Member
*
Offline Offline

Posts: 1398279878

View Profile Personal Message (Offline)

Ignore
1398279878
Reply with quote  #2

1398279878
Report to moderator
Private Internet Access™ - No logs, Unlimited Bandwidth, PC Magazine's Editor's Choice
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1398279878
Hero Member
*
Offline Offline

Posts: 1398279878

View Profile Personal Message (Offline)

Ignore
1398279878
Reply with quote  #2

1398279878
Report to moderator
1398279878
Hero Member
*
Offline Offline

Posts: 1398279878

View Profile Personal Message (Offline)

Ignore
1398279878
Reply with quote  #2

1398279878
Report to moderator
1398279878
Hero Member
*
Offline Offline

Posts: 1398279878

View Profile Personal Message (Offline)

Ignore
1398279878
Reply with quote  #2

1398279878
Report to moderator
TurdHurdur
Full Member
***
Offline Offline

Activity: 208


View Profile

Ignore
June 06, 2011, 01:06:59 AM
 #2

What gave you the idea a VPS would be a good way to mine...?
blitzcoin
Newbie
*
Offline Offline

Activity: 6


View Profile

Ignore
June 06, 2011, 01:07:53 AM
 #3

It was more or less a stab at mining away from home?

Thus the reason i'm asking for better ideas..
maplemath
Member
**
Offline Offline

Activity: 92



View Profile

Ignore
June 06, 2011, 01:08:11 AM
 #4

CPU mining is just not worth it, particularly if you are paying for a VPS. And GPU services on the cloud cost a lot (hundreds per day).

BTC:  18Z3fSXKNWdyM6zGeraEZ6wfYZyp8ZvCLj  LTC:    LdFManTRWBH4y7GXAjGTEVou9ZDRuFK7HM
WDC: Wb2WxguEYqzbBtrbC5h1PjwALxXm4vQ4Qb DOGE:   DNhaETSeGnEuYje5jk7J8QtqQ1jMZ1httN
Rob P.
Member
**
Offline Offline

Activity: 84



View Profile WWW

Ignore
June 06, 2011, 01:19:38 AM
 #5

Yea, bad idea.  The CPU power you'd need to get a decent hashrate would cost a ton.
Not only that, but you'll peg the CPUs at 100% and most VPSes will shut your server down automatically if that happens too long.

--

If you like what I've written here, consider tipping the messenger:
1GZu4CtHa6ai8iWoWiVFxV5VVoNte4SkoG

If you don't like what I've written, send me a Tip and I'll stop talking.
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile

Ignore
June 06, 2011, 01:21:45 AM
 #6

you could however, outfit an actual physical server the way you wanted, send it to a colo to be hosted, and admin it from afar. but prob not worth it, might as well just buy shares in one of the many mining companies that are being started up.
blitzcoin
Newbie
*
Offline Offline

Activity: 6


View Profile

Ignore
June 06, 2011, 01:23:09 AM
 #7

Yeah, thanks for your replies guys, highly appreciated.

I'm just going to have to buckle up and do it from my home computer.

Thanks again.
supa
Jr. Member
*
Offline Offline

Activity: 42


View Profile

Ignore
June 06, 2011, 05:54:34 AM
 #8


I don't think it costs hundreds to rent a GPU from Amazon per day, but OK....

A VPS, or virtual private server, is not a "metal" box.  It won't have a GPU as needed for mining, and if it did, you won't be able to access or monopolize it.  So there's the first problem - no GPU, no highspeed mining.

Here's some information on (ab)using Rackspace -

The cheapest cloud server is 0.015 per day to operate.  You can monopolize the CPU, but clients with higher RAM get higher priority.  For 0.015, you get 256M of RAM, Fedora/Arch/CentOS or Ubuntu and the lowest priority.  You also won't be able to compile much in 256M of RAM, but if you build the binaries off-site, they'll run without issue.

On the 4 core processor I was able to test this on, I could get approximately 8MHs.  An overtime average could definitely show a significantly lower rate, but that's what I got over a day.

At roughly $10 per month per server and using 12 servers, you could get close to ~100MHs for $120USD.

That would probably amount to possibly up-to $131 USD at the current exchange and complexity.  You would also most definitely want to be in a pool.  The solution is nearly instantly scalable - cloud servers come up in less than a minute and they support images.

.... so... you get $10 "free" dollars per month with no operational sway....

.... and provided Rackspace doesn't send you a "WTFBBQ are you doing?!  Stop!" letter.

.... but if you were really bored, you could most definitely get "pennies from heaven" with a short-term investment of a thousand machines and about a day or two of your own time.

Serious about Bitcoin?  Want to protect your investment?  Create nodes - it's as simple as leaving the official bitcoin client running in the background while you mine.

Got a spare webserver?  Add a node to it!
trentzb
Sr. Member
****
Offline Offline

Activity: 406


View Profile

Ignore
June 06, 2011, 06:15:42 AM
 #9


I don't think it costs hundreds to rent a GPU from Amazon per day, but OK....


http://glennfrancismurray.com/cost-defective-mining-with-gpu-clusters-amazo

A single instance will cost you ~$50/day.
supa
Jr. Member
*
Offline Offline

Activity: 42


View Profile

Ignore
June 06, 2011, 06:21:35 AM
 #10

A single instance will cost you ~$50/day.

Last quote I got was around $2.25 (maybe 2.40?  Less than $3) per operating hour.

$50 < "hundreds per day."
$3 x 24 hours < "hundreds per day."

Thanks! Smiley

Serious about Bitcoin?  Want to protect your investment?  Create nodes - it's as simple as leaving the official bitcoin client running in the background while you mine.

Got a spare webserver?  Add a node to it!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!