3 ms·
What's the spot instance which can be used and not lose money on mining with 'em?
by unusximmortalis 9y ago
What's the spot instance which can be used and not lose money on mining with 'em?
- malux85 9y agoIt's not for GPU coins, but some altcoins are pop in and out of profitability on CPUs, if you balance it in realtime you can make money. (I have an employee doing this as a learning project) But if making a lot of money is your goal then you're better do it it trading, no I'm not going to elaborate
- bufferoverflow 9y agoIs trading really better? With this you're basically guaranteed a profit, as long as you can find a spot instance cheaper than the mined amount.
- malux85 9y agoyoure guaranteed a small profit. Trading is greater risk greater reward. Mining might get you hundreds, low thousands a month. Trading is 10s thousands / low hundreds thous. Month
- bufferoverflow 9y agoI remember seeing stats that something like 90% of the traders lose money trading stocks. I'm sure it's the same in crypto, though it's compensated by the nearly constant growth. I doubt though that many traders beat the simple buy-and-hold strategy.
- ttul 9y agoLoL. Son, you must be new at this.
- wmf 9y agoas long as you can find a spot instance... In other words never. Now that this is out of the bag it's over.