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EC2 instances don't have high-end graphics cards, and the payout from CPU-mining is not usually cost effective. It would be far cheaper to buy bitcoins over an
by weavejester 16y ago
EC2 instances don't have high-end graphics cards, and the payout from CPU-mining is not usually cost effective.
It would be far cheaper to buy bitcoins over an exchange than spend money mining them on a EC2 instance.
There's also a limit to how many coins you can generate per day. Even if your grid of EC2 instances accounted for say, a quarter of all Bitcoin processing power, you'd still only make 15 coins an hour.
- wmf 16y agoEC2 does have GPUs: http://aws.amazon.com/about-aws/whats-new/2010/11/15/announcing-cluster-gpu-instances-for-amazon-ec2/ http://aws.amazon.com/about-aws/whats-new/2010/11/15/announc... People have calculated that you still can't make money mining Bitcoins on EC2, though.
- stcredzero 15y agoMy point was that you can do this, not that it would be profitable.