AWS Amazon GPU for mining ?

[Toggy]

Did some one already try to mine with the Amazon cloud (by using their GPU instance) ?
If you tried, is it profitable ?

[djm34]

Did some one already try to mine with the Amazon cloud (by using their GPU instance) ?
If you tried, is it profitable ?

yes I tried, but I don't think it is profitable at the moment.
0.08$/hour/instance (1instance=1gpu more or less equivalent to a 750 or 660...)
You clearly need to find a very good coin to make profit...

(running something sizeable (10gpu) for a day would cost you ~20$)

[raganius]

Hi, I have done it some time ago as an experiment, but using only CPU to mine DRK with their free 1 year offer (I had several instances running in parallel then). I have even made a small tutorial on it here: https://bitcointalk.org/index.php?topic=762292 (sorry that it's in Portuguese language).

I was able to mine a very small amount of DRK with this CPU experiment (obviously not viable if I had to pay for the service), but my idea was more to learn how it worked.

[CanaryInTheMine]

Did some one already try to mine with the Amazon cloud (by using their GPU instance) ?
If you tried, is it profitable ?

Don't waist your time/money.

[Gladimor]

The only time you should use cloud computing to mine coins is when the coin is a CPU-only coin.

[sorryforthat]

I would like to say that profit will not out way price on this one. Its just not worth the time and money to really get anything out of.

[djm34]

I would like to say that profit will not out way price on this one. Its just not worth the time and money to really get anything out of.

not mentioning it is rather painful to set up... (I am still paying ~1$/month because I left some images there since 4 months)

[Toggy]

Ok thank you for your reply

[Flep182]

Problem is that even the spot prices aren't low enough to get a profit, since a lot of companies are constantly watching the rates and jumping in if there is a tiny margin.

[Stcgold]

if you got it FREE just go nothing to lose
if you buy it its not whorted no profit

[djm34]

if you got it FREE just go nothing to lose
if you buy it its not whorted no profit

I don't think you'll get free gpu instance (cpu may-be but not gpu)

[Stratobitz]

I ran a lot of spot instances on AWS about a year ago - mostly for CPU coins - like Primecoin, MemoryCoin, etc. The only way you can make it even remotely worth your while is if you use Spot Pricing, and you automate the instances so that they launch automatically with scripting; and start mining - with no user input. Reason being spot instances will pop up and drop off as pricing fluctuates.

That said; Amazon's policy is if you are cut off in any given hour you are not charged for that hour. So if you can find sweet spots in the pricing, where you will likely be kicked more often then not within any given hour, you could make profit.

Is it worth it? I am not sure there is much worth mining these days unless you get in early on a coin that gets pumped or actually has legs and will hold a decent price.

Personally I wouldn't bother.

Strato

[Amph]

not worth it at the moment, it was good to use it with coin like monero when they come out, some private coder were using it to gain an enormous amount of btc, with private gpu miner

[Gnusmas]

not worth it at the moment, it was good to use it with coin like monero when they come out, some private coder were using it to gain an enormous amount of btc, with private gpu miner

Nope - private CPU miner. That was fun.

this private CPU miner
is this a private pool sir ?

[grizscom]

Is it profitable for now?