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User accidentally steals, then locks, $300M of ETH.

Ooooops.

Holy shit that's an oops.

This is why people will be very hard to convince to move away from hard currency.

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

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.

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

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.

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

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.

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/

Thanks for the info!

thibodeaux wrote: Thanks for the info!

Let me know how it woks out. I've got a $100 AWS credit lying around.

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

Plan #2 is the way to go!

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.

Bah. Guess it's gotten less efficient since those posts.

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.

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?

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.

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?

Spot