Hi Guys,
Does it make sense at all to mine on the cloud?
I am thinking about hiring dedicated servers VS. cloud mining.
I will be grateful for any insights from more experienced miners.
With the current zcashd miner dedicated servers won’t give you much H/s
0.11H/s on a c4.large
0.088 on a m4.large
0.1h/s would cost you ~$30 for 6 months (cloud mining contracts) vs ~$600 for 12 months on AWS
Is it really 10x more expensive per h/s ?? That’s incredible
For a reserved instance yes
Are you referencing toomin brothers or zeropond? or something else
0.0312BTC for 0.1H/s from Zeropond (6 months) Minimum 0.2H/s
0.018BTC for 0.1H/s from Toomim (3 months)
How did you calculated those numbers?
I tested with the internal benchmark myself running both types of servers
~0.055 per core c4.large with gen=0 so mining is disabled
~0.045 per core m4.large with gen=0 so mining is disabled
I tested both genproclimit=1 and genproclimit=2
My account on Google Cloud got suspended. I suspect its due to the consistently high CPU usage on a small server (1 CPU) which is probably consistent with spammers.
I did this mainly to get an introduction with crypto mining and hosting the wallet. It doesn’t seem economically feasible to mine in the cloud. At the current rate I was yielding approximately 50 cents a day (zcash at $500).
This figure is with 9 core total.
No profit with AWS mining.