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$20 says 100% of crypto mining in cloud = your customer got p0wned

• ILike42Cookies 4y ago
  Oh, thats an easy $20. I mined Ethereum in azure during the height of the crypto boom, and looking at my statistics of vms i was able to get i am pretty sure some other people did to. On 5k$ spend on azure i got round about 7k$ in Etherum when sold the next day, this includes german Sales tax and some loses i made starting out when not accounting for the german sales tax early on. I think the whole timeline where this worked was about one and a half weeks(Germany, if you played around with exchange rates and sales tax potentially a bit longer), but it worked pretty well. Azure was also perfectly fine with me doing it.
  • shalmanese 4y ago
    Yeah, and once that brief period of easy arbitrage was over, 100% of all people who are paying $10 to mine $1 worth of crypto are people who are trying to steal the $10.