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If USD/BTC goes slightly above $1,000, it will be profitable to mine on EC2 GPU instances. edit: Forgot to mention, only profitable with Spot instances which a

If USD/BTC goes slightly above $1,000, it will be profitable to mine on EC2 GPU instances. edit: Forgot to mention, only profitable with Spot instances which are significantly cheaper than the on-demand rate.

loceng 13y ago
Could Amazon disallow that if they wanted?
- rb2k_ 13y ago
  No they could not, it's just OpenCL. Also: Why would they? They still get paid and the GPU is dedicated on those instances.
  - loceng 13y ago
    Why wouldn't Amazon just then dedicated "all" of their free resources towards mining them, and keep whatever profits other are making?..
- dragonwriter 13y ago
  > Could Amazon disallow that if they wanted? It would make sense for Amazon to raise the price rather than disallowing it (specifically, because enforcing a prohibition on activity would cost Amazon money, but setting the price to be at least marginally more expensive than Amazon's expected minimal-effort realizable gain from using the GPU instances themselves would make Amazon money.)
mayneack 13y ago
For the time being that is.
ye 13y ago
BTC just crossed $1032 in China http://i.imgur.com/etPRM0q.png http://i.imgur.com/etPRM0q.png