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Perhaps not for the entire time, but bear in mind that the prices of cryptocurrencies fluctuate and you can spin up the VMs when it is profitable and shut them
by tener 10y ago
Perhaps not for the entire time, but bear in mind that the prices of cryptocurrencies fluctuate and you can spin up the VMs when it is profitable and shut them down when it isn't.
- nkkar 10y agoWould this mean that the currency would never fluctuate below that price point?
- ktta 10y agonot if you have a free-fall dump going on. This happens when investors lose hope in the long term future
- ThrustVectoring 10y agoIt's a price ceiling, not a floor. If prices go up high enough, it's worth turning on EC2 instances and paying for them with the mined cryptocurrency until prices fall. There's some wiggle room above the break-even point, since there is some delay between turning on miners receiving USD, and the miner has to eat that risk.
- nkkar 10y agoAh, yes, that makes sense, thank you!