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Author Topic: New EC2 Instance Type - The Cluster GPU Instance  (Read 7263 times)
hippich
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November 15, 2010, 03:13:10 PM
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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?

There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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November 15, 2010, 08:49:21 PM
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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
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November 15, 2010, 08:59:02 PM
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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.
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