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Did anyone count if it worth for mining anything?
by Dolores12 9y ago
Did anyone count if it worth for mining anything?
- Dolores12 9y agoDownvoted or not, its legit question and i would like to know.
- strictnein 9y agoMy experience in this realm: Out of curiosity, in June or July I ran some Ethereum mining stuff on Azure's GPU instances. The ROI was around -90% (negative 90%, to be clear: for $1 spent, I mined ~$0.10). Even with the higher price of Ethereum now, you'd probably be around that same ROI since the difficulty has also increased a fair amount.
- Dolores12 9y agousually most popular coins are not profitable to mining due to increased difficulty. i would suggest to try http://whattomine.com/ http://whattomine.com/ to decide.
- strictnein 9y agoI was making $30 or so a day profit mining Ethereum at home at this time, so there was plenty of profit out there, just not with the cloud GPU stuff.
- pgeorgi 9y agoIf it is, that'll change in 2 weeks when the difficulty factors in that everybody moved to preemptible GPU deals.
- mv4 9y agoUnlike deep-learning tasks, datacenter-grade (Tesla) GPUs don't have an advantage in mining over much cheaper consumer GPUs. As an example, a cloud-based server with dual Tesla P100 would get you 120..125 MH/s on ETH, and would cost $2,500 per month. Or, I can build a rig with consumer GPUs (1060/1070) for under $2,000 (one-time). Interestingly, you cannot run consumer GPUs in a datacenter, as Nvidia driver terms prohibit it.
- jsmthrowaway 9y agoNon-preemptible GCE K80s already were profitable for Ethereum and a number of other currencies. Note that Google forbids cryptocurrency mining specifically during the $300 free trial, and a billing history is required to get a GPU quota raise; you start with zero.