5 ms·

One word: $100k

by hyperliner 12y ago

One word: $100k

icebraining 12y ago
for one year.
- spacefight 12y ago
  If you're eligible. Some of us are not.
Kurtz79 12y ago
Of Cloud Platform credit. Still it could mean quite a bit for storage/bandwidth/instance intensive apps.
woodhull 12y ago
If nothing else, use the hardware to mine bitcoins and convert to cache for more runway.
- DanielBMarkham 12y ago
  Which is why they're restricting it to folks from an approved list.
- bhouston 12y ago
  > convert to cache hehe.
- _delirium 12y ago
  Mining bitcoins on a cloud platform is a net loss even if the CPU time is free: it'll take you more labor time to set up than you'll gain. If you burn $100k in Google Cloud compute time on mining across hundreds of machines, you'll net something like $30.
  - abritishguy 12y ago
    Your calculations are horrifically wrong.
    - _delirium 12y ago
      Have you taken a look at what CPU mining pays recently? It's a rounding error from zero. A modern Xeon does around 5-10 Mhash/core/s, while ASIC mining is measured in Ghash/s. Leave it on for a year and you'll mine an upper bound of 0.00004-0.00008 BTC/core, according to https://alloscomp.com/bitcoin/calculator https://alloscomp.com/bitcoin/calculator (that's even discounting future difficulty increases, so is an optimistic estimate). That's 2-4 cents/core/year. If you have 1000 such cores going full-stop for the year, you'll net... $20-$40.
      - abritishguy 12y ago
        Bitcoin isn't the only cryptocurrency.
    - meowface 12y ago
      I think his calculations are off, but his general point is pretty accurate. If you're doing pure CPU mining, even $100k worth of hardware won't generate you that much money per week. As a pure guess I'm going to assume the actual return you'd see is a few hundred dollars per week.
      - abritishguy 12y ago
        Depends on the cryptocurrency, he used bitcoin in his follow up to my comment. CPU mining of bitcoin is horrendous (you can get a cheap USB stick that can mine as much as an expensive i7 processor) but other cryptocurrencies were specifically designed to make the gap between GPU and CPU mining much smaller and make ASICs not economically viable.
    - fizzbar 12y ago
      Please enlighten us then, what CPU mined crypto currency is best for this?
- dragonwriter 12y ago
  Cache is not the same thing as cash.

One word: $100k

icebraining 12y ago

for one year.

spacefight 12y ago
If you're eligible. Some of us are not.

Kurtz79 12y ago

Of Cloud Platform credit. Still it could mean quite a bit for storage/bandwidth/instance intensive apps.

woodhull 12y ago

If nothing else, use the hardware to mine bitcoins and convert to cache for more runway.

DanielBMarkham 12y ago
Which is why they're restricting it to folks from an approved list.
bhouston 12y ago
> convert to cache hehe.
_delirium 12y ago
Mining bitcoins on a cloud platform is a net loss even if the CPU time is free: it'll take you more labor time to set up than you'll gain. If you burn $100k in Google Cloud compute time on mining across hundreds of machines, you'll net something like $30.
- abritishguy 12y ago
  Your calculations are horrifically wrong.
  - _delirium 12y ago
    Have you taken a look at what CPU mining pays recently? It's a rounding error from zero. A modern Xeon does around 5-10 Mhash/core/s, while ASIC mining is measured in Ghash/s. Leave it on for a year and you'll mine an upper bound of 0.00004-0.00008 BTC/core, according to https://alloscomp.com/bitcoin/calculator https://alloscomp.com/bitcoin/calculator (that's even discounting future difficulty increases, so is an optimistic estimate). That's 2-4 cents/core/year. If you have 1000 such cores going full-stop for the year, you'll net... $20-$40.
    - abritishguy 12y ago
      Bitcoin isn't the only cryptocurrency.
  - meowface 12y ago
    I think his calculations are off, but his general point is pretty accurate. If you're doing pure CPU mining, even $100k worth of hardware won't generate you that much money per week. As a pure guess I'm going to assume the actual return you'd see is a few hundred dollars per week.
    - abritishguy 12y ago
      Depends on the cryptocurrency, he used bitcoin in his follow up to my comment. CPU mining of bitcoin is horrendous (you can get a cheap USB stick that can mine as much as an expensive i7 processor) but other cryptocurrencies were specifically designed to make the gap between GPU and CPU mining much smaller and make ASICs not economically viable.
  - fizzbar 12y ago
    Please enlighten us then, what CPU mined crypto currency is best for this?
dragonwriter 12y ago
Cache is not the same thing as cash.