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Author Topic: Mining with AWS profitable?  (Read 130 times)
CryptoStats
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December 07, 2017, 10:10:32 AM
 #1

Hello,

I see lot of tutorials in internet talking about mining with EC2.

It's profitable? What do you think about cloud mining?

Thanks

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December 07, 2017, 10:43:18 AM
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Unless Amazon has some kind of "magic" hardware platform, this would be totally unworkable. They are offering fairly "generic" X86 processor cycles. They also don't expect that your usage will be 24x7 processor intensive, and will likely have a stipulation to that in the contract.

In any case, AWS processor cycles are completely outclassed for SHA-256 processing by any existing ASIC, by multiple orders of magnitude. General CPU processing hasn't been viable for BTC in well over 5 years.

Feel free to try it, but don't be surprised  if AWS cancels your contract with a week or two, and you haven't made $1 in BTC.

Cloud mining is an entirely different animal, and is best discussed in a different sub-forum.
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