Cryptocurrency

Stuff we should click on.  Be sure to state Not Work Safe, if applicable.  KTHX.
TheCatt
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Post by TheCatt »

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Leisher
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Post by Leisher »

Holy shit that's an oops.

This is why people will be very hard to convince to move away from hard currency.
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thibodeaux
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Post by thibodeaux »

This thread is kind of long. Anybody in here actually done any mining of coins? In particular, ETH or ETC?
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Post by TheCatt »

thibodeaux wrote: This thread is kind of long. Anybody in here actually done any mining of coins? In particular, ETH or ETC?
I mined way back in the day, LTC. Then sold out, and sold the devices.

I experimented with mining BTC, but my stuff wasnt good enough.
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thibodeaux
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Post by thibodeaux »

I've got some AWS credits, trying to figure out: 1) is it worth trying and 2) how exactly to do it
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Post by TheCatt »

thibodeaux wrote: I've got some AWS credits, trying to figure out: 1) is it worth trying and 2) how exactly to do it
CPU mining in general is 0% worth it.

Even using GPU instances, it's not worth it. Free AWS credits, you could mine a little bit.
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Post by thibodeaux »

Yeah I got like $200 in free credits. Trying to figure a way to turn those into cash.
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Post by TheCatt »

thibodeaux wrote: Yeah I got like $200 in free credits. Trying to figure a way to turn those into cash.
Could probably turn into $50-$100 using that guy's estimates, if my quick-math is right.

For $7 of credit, he generated $0.85 of ETH at $85/USD. Price is $330 now, so that should be about $3.88, but mining gets harder over time, so it'll be some % of that.
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TheCatt
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Post by TheCatt »

He used G2: https://aws.amazon.com/blogs/aws/new-g2 ... gpu-power/

I wonder if P2 is better...

This guy tested both: http://clusterfrak.com/fun/eth_miner/
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Post by thibodeaux »

Thanks for the info!
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Post by TheCatt »

thibodeaux wrote: Thanks for the info!
Let me know how it woks out. I've got a $100 AWS credit lying around.
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Post by thibodeaux »

A g2.2xl is 65 cents an hour. It looks like I'm mining less than a penny (in USD) worth of ETH in that time. Not sure how much I can optimize my hash rate, and probably can't get spot instances low enough to make it REALLY profitable. So it looks like pennies on the dollar at this point :/

I also thought of training a neural net to auto generate erotica...maybe we can create a bot to ghost-write Gordon's next best seller :p
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Post by TheCatt »

Plan #2 is the way to go!
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thibodeaux
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Post by thibodeaux »

p2 2xl are currently around $0.25 for spot instances in Ohio. I ran one for about 10 hours...and got about $0.25.

So if you wanna turn that $100 into $10, that's one way.
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Post by TheCatt »

Bah. Guess it's gotten less efficient since those posts.
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Post by thibodeaux »

Also I probably don't know what I'm doing. Basically did the "5 minute" guide, except I started with the Ubuntu Deep Learning AMI, installed the ethereum package, and started rolling.
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Post by TheCatt »

thibodeaux wrote: Also I probably don't know what I'm doing. Basically did the "5 minute" guide, except I started with the Ubuntu Deep Learning AMI, installed the ethereum package, and started rolling.
Well, that should be all you need. Did you join a pool?
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Post by thibodeaux »

Yeah, it was pretty easy to join the pool. I meant, I don't know if there are faster miner programs, or how to tune, etc. Get the most out of the machine.
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Post by TheCatt »

thibodeaux wrote: Yeah, it was pretty easy to join the pool. I meant, I don't know if there are faster miner programs, or how to tune, etc. Get the most out of the machine.
Were you using spot or on-demand instances?
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Post by thibodeaux »

Spot
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