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For developers who don't want to use AWS Credit for normal business operations, has anyone figured what sort of crypto mining on AWS has the highest ROI? Seems

by cwkoss 5y ago

For developers who don't want to use AWS Credit for normal business operations, has anyone figured what sort of crypto mining on AWS has the highest ROI? Seems like you could convert AWS credit to crypto to 'cash it out'. Do you get 10% of the face value of the credits or more or less?

lallysingh 5y ago
My guess is spot instances, I dunno if you can get them with gpus attached. EDIT: yes you can: https://bash-prompt.net/guides/aws-gpu-spot/ https://bash-prompt.net/guides/aws-gpu-spot/
speedgoose 5y ago
Joke aside, you really do not care about the environment if consider crypto mining on AWS.
- bobsmooth 5y ago
  I would imagine mining in a datacenter is more efficient than mining on a desktop.
- deathanatos 5y ago
  Perhaps not, but hasn't Amazon here basically lined up the incentives to make it the most logical thing for someone to do? A person in this scenario is receiving AWS credit they don't want, AWS won't offer a market for, so they're exchanging? arbitraging? it into some cryptocurrency. (And from there, probably to cash.)
  - cwkoss 5y ago
    Someone should make an AWSWS webservice where you can get paid to run others' instances on your account to monetize credits - would probably be a lot more efficient. Would be interesting to see where the market prices these credits.
- knuthsat 5y ago
  This is too b&w. Does a meat eater not care about the environment or the animals? Mining crypto does not mean you do not care about the environment. Heck, we all live in 1st world cities that are giant wastes of energy, we spend massive amounts of energy traveling.
  - speedgoose 5y ago
    No it's not black and white. Some technologies have a strong environmental impact but they are usually very beneficial to the society. I can't say that about the proof of work of cryptomoneys.
ValueNull 5y ago
AFAIK crypto mining is banned on AWS, along with pretty much all other cloud providers.

by cwkoss 5y ago

lallysingh 5y ago

My guess is spot instances, I dunno if you can get them with gpus attached. EDIT: yes you can: https://bash-prompt.net/guides/aws-gpu-spot/ https://bash-prompt.net/guides/aws-gpu-spot/

speedgoose 5y ago

Joke aside, you really do not care about the environment if consider crypto mining on AWS.

bobsmooth 5y ago
I would imagine mining in a datacenter is more efficient than mining on a desktop.
deathanatos 5y ago
Perhaps not, but hasn't Amazon here basically lined up the incentives to make it the most logical thing for someone to do? A person in this scenario is receiving AWS credit they don't want, AWS won't offer a market for, so they're exchanging? arbitraging? it into some cryptocurrency. (And from there, probably to cash.)
- cwkoss 5y ago
  Someone should make an AWSWS webservice where you can get paid to run others' instances on your account to monetize credits - would probably be a lot more efficient. Would be interesting to see where the market prices these credits.
knuthsat 5y ago
This is too b&w. Does a meat eater not care about the environment or the animals? Mining crypto does not mean you do not care about the environment. Heck, we all live in 1st world cities that are giant wastes of energy, we spend massive amounts of energy traveling.
- speedgoose 5y ago
  No it's not black and white. Some technologies have a strong environmental impact but they are usually very beneficial to the society. I can't say that about the proof of work of cryptomoneys.

ValueNull 5y ago

AFAIK crypto mining is banned on AWS, along with pretty much all other cloud providers.