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Ethereum Vs Aws

Is Ethereum Gpu Cloud Mining With Aws, Hetzner Or Ovh Profitable?

Is Ethereum Gpu Cloud Mining With Aws, Hetzner Or Ovh Profitable?

Is Ethereum GPU Cloud Mining with AWS, Hetzner or OVH Profitable? Is Ethereum GPU Cloud Mining with AWS, Hetzner or OVH Profitable? Recently I discovered that two cloud hosting providers, Hetzner , based in Germany, and Ikoula , based in France, offer cloud-based GPU plans, as part of their dedicated server offerings. I was curious to see if these plans would be economically worthwhile for Ethereum cloud mining, so I ran some hypothetical projections to test this idea. I was also intrigued to see if these product offerings could be an alternative to the Ethereum cloud mining plans which have popped up online and have received a lot of negative coverage. Many of these contracts do not make economic sense. Lastly, I was interested to see if they could show more potential profit when compared to mining Ethereum with Amazon Web Services (AWS), which is quite unprofitable according to multiple articles that Ive read. Important:to keep the projections really simple, I did not account for Ether price changes or mining difficulty changes. I assumed the conditions today would be static for the next 12 months. This is obviously not realistic! However my goal was to test if the plans make sense given the conditions at the time of publication, so this was enough for an initial quick test. If you are curious about how I chose certain numbers for this test, such as has rates for different GPUs, Ether generated per month, and so on, see the notes at the end of the article. Hetzner is a long established web hosting provider based in Germany. They have a decent reputation, so I was excited to test their new GPU offer. Their GPU plan includes a single GTX1080 GPU, theres an initial setup cost of 99, and the ongoing monthly cost is 99. The setup takes approximately 1 week according to th Continue reading >>

Dapp Development - Is There A Platform For Hosting Apis Similar To Aws Lambda, Only Decentralized? - Ethereum Stack Exchange

Dapp Development - Is There A Platform For Hosting Apis Similar To Aws Lambda, Only Decentralized? - Ethereum Stack Exchange

is there a platform for hosting APIs similar to AWS Lambda, only decentralized? Completely decentralized you meant? Igor Barinov Jun 6 '17 at 15:39 Yes Igor, I added a clarification as a comment to Eric's answer. Noam Jun 7 '17 at 4:48 Your question isn't very clear. Any Dapp is by definition decentralized (Decentralized Application). It consists of one or more contracts that live on the Ethereum blockchain and can be interacted with via web3 enabled browsers like Mist. Meaning as the end user, your client connects directly to your Ethereum contract(s) via the web3.js library, which in turn acts as an interface for JSON-RPC methods that interact with Ethereum nodes. As far as AWS Lambda specifically, it serves a different purpose then Ethereum altogether. When you talk to a contract in Ethereum in the EVM (Ethereum Virtual Machine), the only work that other nodes are concerned about is the verification of changes in the contract's state. Meaning, if you run a function that adds 1+1 and return it, you are not changing the state. Thus the addition runs client side, on your machine. But if you were to assign that value to an unsigned 32 bit integer with a value of 5 you change the state, which must be verified by the network and thus requires gas as a financial incentive to do so. Consider the following example: Contract myContract {uint32 i = 5; function CalculateSum(){ // This calcuation is run by the client. // j has local scope because it is in the function, // meaning assigning to j does not change the contract state, // and therefore this calculation costs no gas: uint32 j = 1 + 1; // This calculation is also run by the client, // but because i is scoped to the contract // by assigning it the client-calculated value of 2, // we require the network to verify the chan Continue reading >>

Live Cryptocurrency Monitor Using Aws Lambda

Live Cryptocurrency Monitor Using Aws Lambda

Live Cryptocurrency Monitor using AWS Lambda Build a dashboard that monitors and tracks cryptocurrency prices over time! The dashboard below is about a weeks worth of data. Its interactive (be sure to scroll to the right to see everything!) and mainly focused on Ethereum. Building a real-time version of this dashboard is simple and serverless keep reading to get started. Project difficulty: Easy Peasy Lemon Squeezy *Note: as AWS frequently updates their services, some steps in this tutorial may slightly differ over time Create an Initial State account: Name your Bucket Key something easy like cryptoprice On the Configure triggers page, click the empty, dashed box next to the Lambda logo In Rule, create a new rule namedwhatever you want I named mine every-5 because I want this trigger to happen every 5 minutes In Rule description, briefly describe the rule ForSchedule expression, typerate(5 minutes) or use a cron expression Do NOT select enable trigger; we will do that later On the Configure functionpage, name the function I named mine cryptoPrices Though not necessary, feel free to write a function description Within the Lambda function codetext box, paste this code Paste your Initial State Bucket KeyandInitial State Access Key on Lines 6 and 7 (your Initial State Bucket and Access Keyscan be found within your bucket settings) InHandler, typelambda_function.lambda_handler For Role, select Create custom role (this will open a new tab) For Policy Name, select Create a new Role Policy Now for Role, ensure Choose an existing role is selected For Existing Role, select lambda-basic-execution Leave everything else as is and click Next Review your work, then create your function! On the next page, click on **Test** in the upper right hand corner An Input test event box will po Continue reading >>

Aws Makes A Range Of Dlt Solutions Available To Users

Aws Makes A Range Of Dlt Solutions Available To Users

AWS makes a range of DLT solutions available to users Colm is editor of The Block, bringing the most important blockchain developments to both businesses and consumers. Amazon Web Services (AWS) has made a number of distributed ledger technology (DLT) solutions available to its users. The partners announced as part of the scheme are Hyperledger Sawtooth, Corda R3, PokitDok, Quorum and Samsung NexLedger. AWS network of users can now use these solutions to build and deploy applications in areas ranging from finance, commerce and supply chain management to healthcare and life services. AWS provides the broadest and deepest capabilities and the largest global infrastructure for building end-to-end blockchain platforms, cost efficiently and at scale. APN Technology and Consulting partners offer a rapidly growing selection of blockchain and distributed ledger solutions with support for multiple protocols. A number of use cases have already been highlighted by AWS. Mobile network operator T-Mobile has built an identity and authentication platform with Sawtooth to accompany its serverless development platform, Jazz. PwC currently utilises a blockchain-based smart contract solution to auto-approve claims and trigger payments, which lessens the need for manual intervention. The solution was built on AWS and uses a range of the companys services. This announcement marks a significant milestone for enterprise-grade blockchain technology, David E. Rutter, CEO of R3, said. Cordas strength comes from its vibrant ecosystem of interoperable applications, and extending the pool of potential developers to the vast network of Amazon Web Services users will spark further innovation amongst businesses building innovative DLT apps for finance and commerce. Despite the interest in DLT, AWS ar Continue reading >>

Ethereum Blockchain As A Service Now On Azure

Ethereum Blockchain As A Service Now On Azure

Ethereum Blockchain as a Service now on Azure Marley Gray Principal Program Manager, Azure Blockchain Engineering Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure so Enterprise clients and developers can have a single click cloud based blockchain developer environment. The initial offering contains two tools that allow for rapid development of SmartContract based applications: Ether.Camp - An integrated developer environment, and BlockApps - a private, semi-private Ethereum blockchain environment, can deploy into the public Ethereum environment. The Enterprise Partner Group at Microsoft is on the front lines with some of our largest customers. Everyone, particularly Financial Services, is interested in Blockchain technology. While a platform like Bitcoin has many great uses specifically as a Cryptocurrency, Ethereum provides the flexibility and extensibility many of our customers were looking for. With the Frontier Release last summer, Ethereum is real and has a vibrant community of developers, enthusiasts and businesses participating. In Financial Services particularly, Blockchain is a major disruptor to some of their core businesses, and FinTech companies are driving innovation in this space. Ethereum is open, flexible can be customized to meet our customers needs allowing them to innovate and provide new services and distributed applications or apps. Ethereum enables SmartContracts and Distributed Applications (Apps) to be built, potentially cutting out the middleman in many industry scenarios streamlining processes like settlement. But that is just scratching the surface of what can be done when you mix the cryptographic security and reliability of the Blockchain with a Turing complete programming language Continue reading >>

Designing The Architecture For Your Ethereum Application

Designing The Architecture For Your Ethereum Application

Developer and Security Researcher at Zeppelin Solutions. Designing the architecture for your Ethereum application As you are beginning with Ethereum development, and after going through some of the many excellent tutorial posts out there, you are faced with the challenge of building your first Ethereum-based app. This brings up a set of new challenges around designing the architecture and layout of your application: traditional client-server applications now have a third new component in the mix, the blockchain. In this article Ill cover some of the most traditional scenarios for Ethereum applications, which arise from the different interactions between these three components. Ill discuss serverless apps, browser plugins, private nodes, offline signing, and other issues that play a role when designing the layout of your solutions. The canonical flavour of an Ethereum app is a serverless one, where the entire flow of your app happens entirely between the client and the blockchain. The first step here is to actually distribute the client code to your users. The easiest way is to set up a static page that contains a web3-enabled web app. Such page can be hosted anywhere: AWS S3 , Google Cloud , Github pages , other cloud providers, or your own server. Furthermore, if you can count on your clients having either bzz or ipfs protocol support, you can even disitribute it via Swarm or IPFS for total decentralization. Next step is for the app to be able to read information from the blockchain, which, as you already know, requires a connection to an active Ethereum node. This will be set by your web3 provider , which is the piece that handles the actual web3 connection to a node. Now, some of your users may already have an established connection to a node, for instance, via the Continue reading >>

How To Mine Ethereum In 5min

How To Mine Ethereum In 5min

Surprisingly, all you need is an AWS EC2 instance to start mining Ethereum. Im sure youve already heard of the cryptocurrency craze way before reading this post. Cryptocurrencies are slowly and quietly revolutionizing the way financial systems and transactions work (and should work in my opinion). With Bitcoin hitting its $6K mark not awhile ago, a current total of $158B in market cap and hundreds of ICOs (Initial Coin Offering) conducted since August, its sure to say theres a bubble in the cryptocurrency space. Whats more, is that it doesnt seem this bubble is going anywhere, anytime soon. As you can see in the graph below, the total market cap of cryptocurrencies has grown from under $50B to over $150 in under a year! So what would be the best way to enter this space and enjoy the growth? Im not a cryptocurrency expert, however, from my research Ive found that the answer is pretty clear across all opinions: If youre looking for quick earnings, just invest incoins. However, due to this ever-growing crypto market, mining in the short term could lead to significant earnings in the long term. Personally, Im very interested in Ethereum , and have found an effortless way to start mining it quickly on AWS! This post will walk you through the process. But before we start, lets go over some basics. If youre already familiar with them, just scroll down. Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. The advantage of Ethereum over Bitcoin, is that it can support many different types of decentralized applications. Ethereum has the second largest market cap after Bitcoin, and has gained massive growth in the last year with over 230% as you can see below: However, increasing growth in Continue reading >>

How To Setup Private Ethereum Blockchain Consortium On Aws

How To Setup Private Ethereum Blockchain Consortium On Aws

Toshendra Sharma is the founder & CEO of RecordsKeeper, aBlockchain-based data security company & also the founderof Toshblocks, A Blockchain Consulting, Development & Training Company. Earlier, he founded Appvigil (Wegilant) in Nov 2011 whilepursuing my Masters in Application Security from IIT Bombay, India. Appvigil isthe Mobile App Vulnerability Scanner on Cloud. He was heading the team as CEO.The company has won many awards & accolades under his leadership. He is a well-known instructor & speaker in Blockchain spaceand taught more than 10,000 students worldwide spread in 145+ countries. He has also worked on cryptocurrencies, ethereum-based coins & ICO projects for many companies & individuals. He was the part of Forbes India 30Under30 List of 2016 inTechnology space. In this course I will teach you how to setup & configure your own Private Ethereum-based Blockchain on AWS cloud using EC2 Ubuntu Servers. We will see how can we setup first few nodes & get the command line access using the SSH & Geth. Ethereum is the Open Blockchain Platform to build decentralized applications aka DApp or Smart Contracts. It is a platform having large developers & supporters to help you build the applications faster & quicker. At the end of this course you will be able to create, connect & use your own personal Ethereum-based Blockchain Consortium or network where one or more nodes will be mining the Blockchain. You will be be able to see the fund transfer functionality using MetaMask chrome extension. In this course we will go through practicals: Launching & connecting the multiple nodes, Start mining testing ether transfer using MetaMask chrome extension I designed this course for students who want work on a Ethereum Blockchain Project, professors who wants to teach Blockchain, ent Continue reading >>

Ethereum Truffle Pet Shop Dapp Running On An Amazon Ec2 Instance

Ethereum Truffle Pet Shop Dapp Running On An Amazon Ec2 Instance

EC2 micro instance. This can be procuredf from your AWS account. Youll need to be able to ssh into the EC2 micro instance. Youll need toinstall Node.js > 6.0.0 to the micro instance. I installed Node.js 6.11.2. You can install Node.js by following these Next, youre going to install TestRPC and Truffle. TestRPC is the test environment that makes it much easier to run your own testnet. We have another blog posts that describes how to create a CustomGenesis.json block for testing here. For this tutorial, save yourself the trouble. Use TestRPC. After you ssh into the micro instance, type the first command below, which will install TestRPC. Next, type the second command, which will install the Truffle development framework into your current directory. Next, were going to pull the completed Pet Shop demo from my Github repo by typing the first command into the ssh terminal. Well then run npm update in the same terminal to update our node_modules. git clone After the npm update is performed, go into the node_modules directory to ensure that the modules are populated. Now, we need to start up the TestRPC Ethereum server. In order to do this, youll want to open another command shell, ssh into the EC2 instance, and run TestRPC. When you run TestRPC, youll want to make note of the available accounts, private keys, and mnemonics. After youve started TestRPC, it should be listening on port 8545. Next, go back to your initial ssh terminal.If youre cheap like me and youre running this on an EC2 micro instance, then youll want to increase your swap space. Otherwise, your TestRPC instance will run out of RAM during compilation of the source code. Youll want to create a 1 GB swap file. In the initial ssh terminal, type the following commands to create a permanent swap file: sudo /bin/dd Continue reading >>

Ethereum Is The Aws Of Blockchains

Ethereum Is The Aws Of Blockchains

Father, Entrepreneur, Developer, CTO of Waysay, 7 Yrs @ Salesforce & ExactTarget I hate reading crypto articles that preclude the meat of the story with the entire history of Bitcoin and blockchain only to leave you with the new information appended at the end hmm, kinda like a blockchain no? Lets just SegWit this one and assume you know enough about blockchain to understand why the technology is important. Why has the price of Ether gone up ~800% since January1st? Answer: Investors are speculating that blockchain technology will become ubiquitous across all industries, in our daily lives and in every nook and cranny of the global economy. So, if youre an investor that believes the prevailing theory that this Blockchain thing is BIG, like internet 3.0 BIG, what specifically do you bet on? Answer: Ethereum and specifically its crypto-currency Ether (ETH) Ethereum is like Amazon Web Services for blockchain technology. Organizations looking to harness blockchain(s) need not worry about implementing their own proprietary blockchain network if they build their solution on Ethereum. Theyll pay a small fee in the form of gas to the network in exchange for executing the logic contained within their smart contracts programs that run on the Ethereum Virtual Machine, written in Solidity, a javascript like language. This paradigm can be thought of the same way that Amazon Lambda works today a function that waits in the Amazon cloud and executes its logic when called upon. With Ethereum however, the cloud is decentralized - there is no Amazon like entity that owns the network or infrastructure. Its made up of nodes that can be owned and operated by anyone using the laptops, Raspberry Pis and desktops we already have. In the near future our phones will also join in before long, well Continue reading >>

Ethereum's Potential: Possibly Revolutionary

Ethereum's Potential: Possibly Revolutionary

Ethereum's Potential: Possibly Revolutionary Ethereum might revolutionize business and technology, or it may be merely a transitional platform displaced by other blockchain technologies. Innovate and Thrive: How to Compete in the API Economy REGISTER > The world of Ethereum , to be sure, has an element of the eccentric. Ethereum is a technology started 24 months ago by a 21-year-old college dropout, Vitalik Buterin . Among the facts listed on his slender bio: in 2011 he won third place in a high school programing competition. Yet Ethereum is now supported by JP Morgan Chase and a bevy of tech titans. The market cap of its currency, Ether, hovers around $20 billion down from its $37 billion cap a month ago. There are Ethereum cryptocurrency miners who rent Boeing 747s to rush delivery of the super-charged graphic cards they need for their rigs. Ethereum is promoted by the Ethereum Enterprise Alliance , which sounds like a group Spock himself would have enjoyed. Ethereum advocates herald it a world computer. This decentralized peer-to-peer platform serving finance, retail, even the arts will partner with cloud computing to launch technologys next era. They claim the platforms smart contracts (self-executing code that needs no human assistance) provides rocket fuel for business transactions. The word Ethereum drives from the Latin root ether, meaning the upper pure, bright air. In olden times one inhaled ether before surgery to enter a painless dreamscape. Funny, but Ethereum may fade like a burst of ether. The challenges it faces are wildly complex, from technical to legal to competitive. And those are just the known problems; no telling what unknown obstacles will arise. Yet deep pockets dont seem worried: the pile of money pouring into Ethereum is considerably larger t Continue reading >>

Ethereum Mining On Aws In5mins

Ethereum Mining On Aws In5mins

simply curious about new technology on the block If you have come into this post, you must have heard of bitcoin mining. Bitcoin mining refer to using a node to verify transactions, compile them to a block, solve computational puzzles and submitting the block to the network for a block reward. Most of the effort in the step above are in solving those computationally intensive puzzles. However, Bitcoin mining is no longer feasible for normal folks like you or me as the optimal hardware to mine is ASIC (Application-Specific Integrated Circuit) specially designed for solving for those computational puzzles. Using your own CPU or GPU will result in higher cost (electricity and hardware) than the potential reward. Ethereum is a blockchain network, there are plenty of articles out there to describe the differences of Ethereum over Bitcoin. The main advantage is the blockchain ability to manage not just currency, but any possible item such as DNS in a decentralised manner. Ethereum miners will also have to do exactly the same things as what Bitcoin miners does; except for those puzzles which require not just computational power, but also memory as well. This reduces the competitive advantage of ASIC over GPU. Lets get started on how to mine some Ether on AWS! Change your zone to US East (N. Virgina) as it appears to have the cheapest price for our instance type. Proceed to AWS, under EC2 console, select Spot Requests. Under AMI: Search for ami-84f819f9 in community AMIs Click Next and launch the instance. By this step, you should see a instance coming up. The reason why we choose ami-84f819f9 under AMI is to get an image that has cuda and ethereum client installed the moment you start your instance. You can do a history command to look at the commands ever typed or ps aux to Continue reading >>

Is It Profitable To Mine Ethereum On Aws?

Is It Profitable To Mine Ethereum On Aws?

Is it profitable to Mine Ethereum on AWS? Ethereum mining is likely to be faster when you use cloud services like the Amazon Web Services or AWS. So, it is recommended that you register for an Amazon AWS account without delays to start reaping the benefits. This web service is offered by the ecommerce giant Amazon and when you already own an account with them; your registration is done automatically. Although there are no specific statistics regarding profit numbers or loss number for Ethereum mining on AWS, what is known is that Ethereum mining is not profitable unless it is done on the superior most end boards. It will be profitable only if you are able to hold the Ethereum and wait for the price to rise, but it is perhaps wiser to directly buy the ETH. Cloud computing plans turn out to be costlier than having your own hardware. So, while you can get a comparable storage for less money, costs of electricity for running the hardware independently is not included in the costs at the time you buy it. So, the best possible option is to use cloud computing to break even. The good part about choosing AWS is that you will not need to worry about the hardware or keeping it cooled and upgrading it when required. While the initial costs will not be very comforting because cloud hosting would be almost the same price, the advantage is that when ETH skyrockets overnight, the profits would change dramatically. Continue reading >>

Ethereum-guides/gpu-cloud_mining.md At Master Angelomilan/ethereum-guides Github

Ethereum-guides/gpu-cloud_mining.md At Master Angelomilan/ethereum-guides Github

Amazon Web Services (AWS) is a cloud computing service provided by Amazon, the well known e-commerce giant. As you can see, the registration process is very handy, since you can sign-in with your existing Amazon account.You may notice that AWS offers the EC2 service free for 750 hrs/month, for 12 months. However, that is for the Linux t2.micro instance. That is good for testing, but not for mining Ethereum. I will tell you later what instance to select to maximize the GPU power. Once you have registered on AWS , you will be presented with a big list of the services offered by Amazon. Click on EC2 (stands for, Elastic Compute Cloud), that will give you GPU horsepower for mining the Ethereum blockchain. ###Step 2 - Setup the pre-built AMI (Amazon Machine Image) on AWS EC2 An Amazon Machine Image (AMI) "provides the information required to launch an instance, which is a virtual server in the cloud". For our purposes, we need to use the following AMI: IMAGE: ami-2cbf3e44 for US-East (Ubuntu Server 14.04 LTS (HVM) CUDA 6.5) STORAGE: Use at least 8 GB, 20+ GB recommended How can we find it? To find a Linux AMI using the Images page: From the navigation bar, select US East (N.Virginia); In the navigation pane, click Images -> AMIs; Switch to Public Images next to the search filter (the default is "Owned by Me" which will be at first empty, since you do not yet own any AMI) Click on the search filter and then (search by) AMI ID -> ami-2cbf3e44 Note: Make always sure you are in the correct region (US East, N.Virginia as we said) otherwise you will not see the AMI we are insterested in on the list. The ami-2cbf3e44, like all the ubuntu 14.04 images, is supported by Ethereum Frontier, but in addition this pre-built AMI has all the NVIDIA GPU drivers, OpenCL, etc... all pre-instal Continue reading >>

Ethereum Creator: Blockchain Tech Could Replace Visa In A 'couple Of Years'

Ethereum Creator: Blockchain Tech Could Replace Visa In A 'couple Of Years'

Ethereum creator Vitalik Buterin (left) and AngelList founder Naval RavikantBecky Peterson The ethereum network could pose a real challenge to large financial institutions like Visa as soon as next year, according to Vitalik Buterin, the creator of the ethereum blockchain. In a Q&A with AngelList founder Naval Ravikant at TechCrunch Disrupt on Monday, Buterin said that security is the biggest challenge to bringing blockchain technologies into the mainstream, and that once it's sorted out, blockchain tech could steal business or even replace financial institutions like Visa in a "couple of years." Despite the hype around blockchain, most of the current applications that use the technology aren't far enough along in development to be used widely, he said. But Buterin said that while he expects low-security prototypes to be introduced in the financial space by next year, it will be a few years before they have any weight. Blockchain technologies like Ethereum are widely believed to be the next big disrupter for industries ranging from law to shipping. Often described as smart contracts, the technology uses a decentralized computer network to send messages which create a universally accessible ledger that can't be edited or modified. Theoretically, with blockchain technology, business and legal transactions can be executed with a lower risk of fraud. While Buterin was optimistic about the role Ethereum could play in replacing Visa, he was less certain about its impact on cloud computing giants like Amazon Web Services (AWS). AWS sells space on Amazon servers to third party websites like Netflix, which host vast amounts of data on AWS servers. To disrupt the cloud industry, applications running on the Ethereum network would have to convince private companies that its decent Continue reading >>

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