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Seems like using Amazon's EC2 to mine Bitcoins could now be profitable, anyone know if this is actually going on? Per this couple year old article (http://gle
by femto113 14y ago
Seems like using Amazon's EC2 to mine Bitcoins could now be profitable, anyone know if this is actually going on? Per this couple year old article (http://glennfrancismurray.com/cost-defective-mining-with-gpu-clusters-amazo http://glennfrancismurray.com/cost-defective-mining-with-gpu...) looks like the break even point was around ~$30/BTC.
- Guvante 14y agoThe problem is you have to account for the difficulty, which has changed. It looks like he was predicting a block per 78 hours, while it is now closer to 2/3 of a year. Looks like 1.64 GH/s = $10.66 a day roughly, compared to a cost of $400 a day.
- cadetzero 14y agoThat's about to be a total non-factor once all the ASICs online. http://launch.avalon-asics.com/ http://launch.avalon-asics.com/ and http://www.butterflylabs.com/ http://www.butterflylabs.com/ The hash rates are order of magnitude faster than what's currently out there for the price, and most importantly they'll drive up the difficulty quite a bit.