Bitcoin Forum
February 20, 2017, 06:18:01 AM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New EC2 Instance Type - The Cluster GPU Instance  (Read 7219 times)
hippich
Hero Member
*****
Offline Offline

Activity: 546


View Profile
November 15, 2010, 03:13:10 PM
 #1

http://aws.typepad.com/aws/2010/11/new-ec2-instance-type-the-cluster-gpu-instance.html

But still expensive - $2.1/hr. I believe it doesn't make it profitable to generate coins with this? How much blocks you can expect with two Tesla cards?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1487571481
Hero Member
*
Offline Offline

Posts: 1487571481

View Profile Personal Message (Offline)

Ignore
1487571481
Reply with quote  #2

1487571481
Report to moderator
jimbobway
Legendary
*
Offline Offline

Activity: 1390



View Profile
November 15, 2010, 08:49:21 PM
 #2

http://aws.typepad.com/aws/2010/11/new-ec2-instance-type-the-cluster-gpu-instance.html

But still expensive - $2.1/hr. I believe it doesn't make it profitable to generate coins with this? How much blocks you can expect with two Tesla cards?

Maybe we can look at it at a different point of view.  Maybe $2.10 is not expensive and bitcoin is worth a lot more.  davidonpda calculated that using the AWS GPU cluster it would cost $150 per block.  That means it would cost $3 to generate one bitcoin at this point in time.  Therefore a bitcoin is worth $3.

If Amazon charges $2.1/hr then I would guess that this price is close to the "industry standard" in terms of cost for the hardware, hosting, electricity, etc., to be a profitable cloud computing company.  That means today's bitcoin prices on the market are really cheap!  Grin
jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
November 15, 2010, 08:59:02 PM
 #3

Note that it uses NVIDIA GPUs.

Those are decidedly suboptimal, compared to ATI GPUs, for the purposes of bitcoin mining.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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!