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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 >>

How To Mine Bitcoins Using An Aws Ec2 Instance

How To Mine Bitcoins Using An Aws Ec2 Instance

How to mine bitcoins using an AWS EC2 instance With all the talk about the Segwit2x fork (that has now been postponed), I decided to get my feet wet in mining cryptocurrencies. Initially, I chose to mine ether, then Monero coins on Ubuntu 16.04 servers using their accelerated computing instances, but my curiosity got the best of me and I started wondering what it would take to mine actual bitcoins. Every forum and blog I searched advised against even trying. So much so, that I couldnt find any recent tutorials on GPU mining for bitcoin. I took it as an opportunity to create one myself. Note: folks have it correct. Bitcoin mining on the cloud without an ASIC miner does not yield any profit. Still, its a fun experiment. First things, first: sign up for a free account at Amazon Web Services . AWS offers virtual machines, storage, and a host of other services in some cases, for free during your initial 12-month trial. Warning: Account verification can take up to 24 hours. Once your in, navigate to the home page and select EC2. The dashboard gives you access to anything and everything youd ever need concerning launching and maintaining your VM. Including security. Lets deal with that next. On the left-side menu, at the bottom, under the submenu Network & Security, select security groups, then click on the bright blue Create Security group button in the top nav. Give the group a name and a description, and keep the VPC to the default setting. Below that, youll see a tabbed panel asking you to create some access rules for the group. Dont worry about that. Well keep with the default settings here, too. Were mostly concerned with Inbound Rules, so select the Inbound Tab and click Add Rule. For the SSH Rule, youll want to select My IP under source, and the input area will popula Continue reading >>

Briefly Profitable Alt-coin Mining On Amazon Through Better Code

Briefly Profitable Alt-coin Mining On Amazon Through Better Code

Briefly profitable alt-coin mining on Amazon through better code Over the past three weeks, I've been running crypto-coin mining software on between 20 and 60 Amazon EC2 GPU instances at a (very small) profit, with the goal of understanding the currencies, exchanges, and algorithms in more detail. This is post #1 of 2 discussing scrypt coin mining on Amazon. In the follow-up post, I'll go into the algorithmic and engineering details of building a better CUDA-based miner. A few weeks ago, Gn and colleagues wrote a paper describing a new collusion attack against Bitcoin . I hadn't thought much about BTC before that, but he got me curious. As I explored, I discovered Litecoin ,an alternative to Bitcoin that is designed to reduce the comparative advantage of using custom ASICs (or GPUs) for mining it relative to using a conventional CPU. Its future is even less certain that BTC, of course, as a later comer, but the technically interesting bits lie in its proof-of-work hash function: Scrypt . Scrypt is designed to be "memory-hard" in addition to being computationally hard. Aside: "Proof-of-work". Nearly all of the modern cryptocurrencies operate by allowing "mining" by finding a partial collision with a hash function. The output of mining is that many different keys end up signing the history of transactions for the currency, ensuring that no one key controls the currency as long as no one entity (or colluding group) does not posses sufficient computational power to dominate "mining." The incentive to "mine" is that successful mining operations give the miner a few coins as a payment. A way to view this is that mining spends power - literally, electrical power - to burn computation. The currencies are automatically regulated so that only a certain number of coins can be min Continue reading >>

Aws Gpu Mining

Aws Gpu Mining

After trying for hours, I cannot get anything running on AWS GPU (g2.2xlarge) using spot instances. Trying to mine ZClassic on zcl.suprnova.cc. What mining software do you recommend that takes advantage of the GPU's? That VM come with K520 GPU, you can use EWBF CUDA Miner, it should work with ver 0.0.7 or 0.2.0. Unless you have a private miner that has an unrealistic efficiency, renting from amazon (or basically any rentable miner) will result in an upfront loss. It costs too much upfront to profit. Unless you were getting a 75% discount forever, or again coded the most efficient miner for only yourself. That version has some nvidia cards but they are not the best for mining anywho, just purchasing a 1070-1080ti would do you better in terms of use and income. Even if you only temporarily rented and held out for years if a coin surged in price, you still would end up with chump change. Don't rent, mine on owned systems. Literally making rent payments off my mining income, it pays off. But in general CCminer is great for nvidia cards. When I used amazon for a test run to see if it was profitable I had to make some changes to the browser settings to allow downloads and installations possible. Open up internet explorer, lower the security settings. Download chrome afterwards, then download what you want and install your miner of choice. Chrome wont have the internal block that amazon puts on internet explorer stopping you from downloading and installing stuff... at least thats what i did when I tried it a year ago. Continue reading >>

How To Identify A Bitcoin Or Ethereum Cloud Mining Scam?

How To Identify A Bitcoin Or Ethereum Cloud Mining Scam?

How to Identify a Bitcoin or Ethereum Cloud Mining Scam? Any new industry is full of scams and the Bitcoin and Crypto industry is no exception. From scam coins to mining rigs and contracts there are a multitude of methods to steal your hard earned cash and pull the wool over your eyes. So how do you identify a Bitcoin scam. Well it's really difficult for anyone to know and the scam artists are becoming more clever. Here at CryptoCompare we do all the hard work so you don't have to. We trawl the web and if we have any doubts about the Company offering the Bitcoin cloud mining contract it does not appear on our list. The same goes for mining equipment - if we haven't got one and tested it - or seen sufficient evidence of its existence or a decent track record for the Company - only then will we list it. We also list all the Companies that have had dubious reports on forums from the community. For example there are a lot of sites that compare mining contracts for Bitcoin, Litecoin and Ethereum - but they are rewarded by the scam artists for sending potential users to their sites. So these comparison sites don't really mind running a fake advert for some scam artists as they get a share of whatever the victim hands over! They just quietly take the money and allow themselves to be led by the hand and not looking after their users. In 2014 and 2015 there has been a shift from mining rigs being used by individuals to it being too expensive for individuals alone to carry out - so the market for cloud mining has grown and grown. This has caught the eye of the scam artists who have set up a number of cloud mining sites offering mining contracts for Bitcoin, Ethereum and other alt coins . With any industry the scammers have to stay one step ahead of those policing it. With Bitcoi 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 >>

My Run In With Unauthorised Litecoin Mining On Aws

My Run In With Unauthorised Litecoin Mining On Aws

My run in with Unauthorised Litecoin mining on AWS Update: You can read an update to this story here Normally Im a big advocate of open sourcing projects both current (and old) on GitHub. Today though, I wish that I wasnt. On Sunday night I received an email from Amazon saying that theyd detected my Amazon key on one of my repositories. This was a little bit of a surprise, because Im usually so diligent about not saving credentials into repositories. After a brief search I found the key buried in an old project that Id just decided didnt need to be private. That wasnt the end of the matter, I was in for a rude shock when I logged into my Amazon account to check for unauthorised usage. $3000+ in pending charges. Woah! It didnt take long to find the source of the billing. Twenty cc2.8xlarge instances humming along in the us-east region for the last two days. By this stage Id already revoked the key (as suggested in the email). So I quickly shut the instances down, while I would have liked to preserve them for forensics, I just couldnt afford to leave them running while waiting for Amazon support (I do not pay for support, since this is just my private account that I dabble with). After taking stock for a few moments, I detached one of the volumes and attached it to another instance. Having a poke around confirmed what I had already guessed. The unauthorised user had been mining litecoin with the mining pool pool-x.eu . Ive emailed pool-x.eu asking them to suspend the account, but Ive yet to receive a reply. What have I learned from this experience? Given I spend about $60-80 a month with Amazon usually, I could have been warned MUCH earlier. Now that the horse has bolted Ive enabled the horse bolting detector. Its not really that hard to do a regular search of GitHub for Continue reading >>

Litecoin - Cpu Mining On Windows

Litecoin - Cpu Mining On Windows

This video will demonstrate how to create an account at minergate and how to mine litecoinusing the command-line software minerdand the CPU of a computer running Windows. In our channel you can view the video of this tutorial. The link below shows the list of equipmentthat I used to create this tutorial and my mining Rig. Here is a list of Litecoin mining related tutorials offered by our website. First, you need to access the MINERGATE WEBSITE and create an account. Next, you need to download the last version of the CPUMINER on GITHUB Create a folder named MINER on the root of the Cdrive of your computer and extract all the files from the CPUMINER package inside the C:\MINER folder. Open the notepad application, create a batch file named START.BATinside the C:\MINER folder. Here is the content of the START.BAT file: C:\miner\minerd.exe -o stratum+tcp://ltc.pool.minergate.com:3336 -u This email address is being protected from spambots. You need JavaScript enabled to view it. Important:You need to change the usernameThis email address is being protected from spambots. You need JavaScript enabled to view it. from the START.BAT file to the account that you created onthe MINERGATE WEBSITE . To start mininglitecoin, double-click on theSTART.BAT file If you liked this tutorial, subscribe to my youtube channel VIRTUALCOIN This tutorial presented a step by step procedure teaching you how to start mining litecoinon a computer running windows using the CPU of a computer. Continue reading >>

Setup Your Own Mining Pool

Setup Your Own Mining Pool

This guide is meant to replace Novices Guide to Setting up a Crypto-Currency Mining Pool Why the update? MPOS (Mining Portal Open Source) is very old now and NOMP (Node Open Mining Portal) has branched off into another project called uNOMP (Unified, Node Open Mining Portal). uNOMP has a very active development team and is updated on a regular basis. This not only ensures adequate support of new currencies, but also better security. uNOMP also has many things in one, and is easier to setup then the old MPOS/NOMP hybrid as described in the legacy guide. I have ran several large mining pool operations, and helped out at several more. The purpose of this guide is to enable more people the opportunity to run their own pool, whether it be for their own miners or just out of curiosity to understand how it all works. This is by no means meant to be a guide so you can setup your own professional mining pool operation. Running your own mining pool that other miners other then yourself will use is not an easy undertaking, and requires extensive systems administration experience as well as a large budget, patience, troubleshooting skills, and a solid knowledge of how crypto-currencies work. This guide will not be going over any security features. This guide is going over how to setup a uNOMP (Unified, Node Open Mining Portal) pool. This is meant to setup a mining pool for a single crypto-currency. This is not a guide for a multipool. If you want to see what it looks like before you set it all up, head to the Example Pool that was built completely off of this guide. If you are setting up a bitcoin pool, you will need more then 20GB of disk space because the blockchain is very large. I am using a Windows 10 based PC, and communicate with the VPS using Putty and WinSCP. This guide wi Continue reading >>

Attackers Scrape Github For Cloud Service Credentials, Hijack Account To Mine Virtual Currency

Attackers Scrape Github For Cloud Service Credentials, Hijack Account To Mine Virtual Currency

Attackers Scrape GitHub For Cloud Service Credentials, Hijack Account To Mine Virtual Currency I cover all things privacy, security and technology. Opinions expressed by Forbes Contributors are their own. Rich Mogull, CEO at information security research and advisory firm Securosis, was working on a piece of code to accompany his presentation at the upcoming RSA Conference when he accidentally published the credentials for his AWS account--Amazon's cloud computing service--online. A mistake that would later cost him $500. Official Litecoin logo (from In a blog post titled " My $500 Cloud Security Screwup ",Mogull writes that he only learnedabout the issue when he received an email from Amazon's AWS team one evening. The email said that both his access and secret key were publicly available on GitHub, a web-based hosting service for software development projects. In addition, the AWS team had reason to believe someone used the credentials to set up a number of unauthorized servers in the Amazon cloud. As soon as he had read the email, Mogull logged on to his AWS account and found that the perpetrators had set up no fewer than ten extra large cloud instances; five on the U.S. west coast, another five in Ireland. All instances had been running for 72 hours, which, Mogull writes, "means the bad guys found the credentials within about 36 hours of creating the project and loading the files" on GitHub. "The attackers didnt mess with anything active I was running," Mogull writes in the blog post. "That got me curious, because 10 extra large instances racking up $500 in 3 days initially made me think they were out to hurt me." As it turns out, the attackers were using his Amazon account to mine Litecoin, an alternative cryptocurrency created two years ago with a $600 million ma Continue reading >>

I Have $3000 On Aws. Would It Be Worth It To Try Mining Bitcoin Or Is There A Better Use?

I Have $3000 On Aws. Would It Be Worth It To Try Mining Bitcoin Or Is There A Better Use?

I have $3000 on AWS. Would it be worth it to try mining bitcoin or is there a better use? Have an educational or career focused company? Quora Ads can promote your business alongside career or school advice. You won't make much money, as bitcoin difficulty has risen to the point where mining with anything except custom-made ASICs will cost far more than it makes. But if your computing resources are free, and you have the skill to configure things to use those resources to mine bitcoin, then yes, you could mine some small amount of bitcoin that way. This practice was widespread when difficulty was lower. Since most mining that way was, I suspect, being done without the understanding or approval of the ultimate bill payer, it was a positive side effect of rising bitcoin difficulty that resource diversion, mining trojans and mining botnets are now a much smaller problem. 8 Upvotes Not for Reproduction Answer requested by Quora User Mining bitcoin on GPUs won't get you anything these days. You need multiple Terra Hashes/ second for bitcoin mining to even earn a small amount per day. Now mining other alt-coins, ethereum, etc might still be possible on GPUs. Not sure. If you have any access to really cheap electricity, then buying your own mining hardware, while rarely profitable, is not out of the question. Some of the latest hardware running ASICs can work out for you if the electricity is super cheap and the price of bitcoin starts rising. The profits won't be huge, and will decline every month though unless you continually put money back into the operation. But with GPUs stay away from Bitcoin mining in 2015 and beyond. Continue reading >>

Is Mining Litecoins On Aws Ec2 Profitable? Part 1: Cpumining

Is Mining Litecoins On Aws Ec2 Profitable? Part 1: Cpumining

Is Mining Litecoins on AWS EC2 Profitable? Part 1: CPUMining With the value of Bitcoins soaring to record highs, hitting USD 1,242 on 29 Nov 2013, many might be tempted to join in the gold rush of Bitcoin mining. But the competition is fierce, and the difficulty level has risen to a level that makes Bitcoin mining unprofitable for most except those with highly specialized equipment. Enter Litecoin , the silver to Bitcoins gold, which similarly rose to a record USD 48.48 on 28 Nov. Unlike Bitcoin, which uses the SHA256 algorithm that requires specialized hardware called ASICs for maximum performance today, Litecoin uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. In other words, it is designed for people with commodity high-performance CPUs and GPUs to participate in. What if you do not have a high-performance CPU or graphics card to mine Litecoins with? How about renting them, say from Amazon Web Services (AWS) ? In this two-part series, I shall examine whether it is profitable to mine Litecoins with CPUs and GPUs rented from AWS. Let us begin by mining Litecoins with CPUs. AWS is a cloud computing company that provides computing resources for rent by the hour. This is perfect for an experiment like this, to find out if it is profitable before sinking more money into mining hardware. Amazons Elastic Compute Cloud (EC2) offers different configurations of virtual computing instances. For the purposes of Litecoin mining, we want EC2 instances with the maximum CPU power available. At the moment, these would be the c3.8xlarge Compute Optimised instances that come equipped with 32 virtual CPUs (which are hardware hyperthreads from 2.8 GHz Intel Xeon E5-2680v2 (Ivy Bridge) processors) and 60 GB Continue reading >>

My Run-in With Unauthorised Litecoin Mining On Aws | Hacker News

My Run-in With Unauthorised Litecoin Mining On Aws | Hacker News

CPU mining of scrypt-based cryptocurrency is highly inefficient. Let's do some math. A cc2.8xlarge is reported to mine at 85 kh/s, so 20 of them would give you 1700 kh/s. That's roughly equivalent to a couple of high-end AMD GPUs (say a couple of overclocked 290x). This hashing power gives you a little over 0.5 LTC per day. It mined for two days, so it gained a little over 1 LTC. Let's call it $40. That's right, the idiot behind this cost the OP $3000+ for $40 profit. A smarter criminal would have spawn GPU instances on EC2. Criminals don't care how much money they're costing their victims, only how much money they'll make from their crime. This is no different than someone smashing your car's window ($100+) and destroying its dashboard ($1000+) to remove a stereo head unit that they'll flip for $50. Uh, nope. I "mined" Ripple through that little project for a couple of days (using the g2 instances) and got a couple of dollars worth of Ripple back for over $100 ec2 bill (460 hours of WCG runtime). I'll boinc on my desktop for science and goodwill but will not waste any more time on Ripple's program or indeed on Ripple itself, as brilliant as the idea is. Ripple's founders are hanging on to their 60%+ outstanding Ripples so tightly that I suspect the project will never truly get off the ground. As much as people criticize it, I think some variation of Bitcoin's seignorage mining is the only realistic way to bootstrap a successful virtual currency, at least at this point. You need to make sure you have selected a compatible (cluster something, and green perhaps) AMI first. Then the GPU instances will be available in the list.Ran into the same thing myself ;) This is rough luck, but getting specific servers hacked is more commonplace. In the AWS billing console [0] there Continue reading >>

Spending Aws Credit In The Silliest Way Possible

Spending Aws Credit In The Silliest Way Possible

In a world where everyone has opinions, one man...also has opinions Spending AWS Credit In the Silliest Way Possible This is a post from the old blog, which I have not edited in any way.Your results may vary - the conclusions here came from prices circa 2013. Last year, thanks to various giveaways at events, I got $450 of Amazon Web Service credits. I redeemed them on my account, and left them there. Fast forward to now. The credits I redeemed last for a year. So, if I dont spend them by mid-February 2014, theyll disappear forever. I dont have anything I need to scale, and Im certainly not running any data analysis that would help from having lots of EC2 credit. What I can do, however, is mine some Litecoins. To set up Litecoin mining on Amazon EC2, I mostly followed this link , which is a post about mining with Amazons GPU instances. Its fairly comprehensive, although somewhat outdated. First, I downloaded the Litecoin client (off here ) to get a Litecoin address, and made an account on a mining pool. I ended up using Coinhuntr, mostly because their interface looked nice, but you can pretty much choose whatever one you want. Next, I made a Spot Instance request in the N.Virgina region. This is the only region which lets you make spot instance requests for cg1 instances, which are the ones that have 2 Nvidia Tesla M2050s for use. The spot instances are $0.346/hr, versus $2.1/hr for on demand instances, which means the mining is a lot cheaper. I used Ubuntu 12.04 for HVM as my AMI. Ubuntu 12.04 is one of the few supported distributions for Nvidias CUDA Toolkit, which you need to mine, and GPU instances are only available for HVM. From there, I followed the EC2 mining link above, with some minor changes. I needed to install the libtool package, which for some reason wasn Continue reading >>

Mining Litecoin

Mining Litecoin

Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs. That was however when Litecoin was $40 each. Would be interested to know if there are any recent test bench results? Quote from: Howdoo on December 15, 2017, 10:29:58 AM Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs. That was however when Litecoin was $40 each. Would be interested to know if there are any recent test bench results? First of all: if you want "good" answers to your questions, ask them in the correct subforum... This subforum is meanth for bitcoin mining questions... If you have a question about altcoin mining, you should post it in the altcoin mining subforum. Other than that: since the first scrypt asic's hit the market many years ago, it has been a bad idear to mine LTC using a CPU/GPU (like an AWS server). IF you want to make a profit mining LTC, look out for the most efficient, most sturdy and price/quality most interesting scrypt ASIC, then calculate wether or not you can run it profitably (with your electricity price, import duties,...) This was the first hit i found on google: I have no idear if the list is any good tough... Like i said: if you want altcoin mining advice, please post in the altcoin mining subforum EDIT: just a quick proof of my statement: The antminer L3+ ( ) hashes at 504 Mh/s with a power draw of 900 Watt, and a price of ~$1500 Compared to GPU mining: says a very good GPU runs at 0.4 Mh/s. says the average power consumption is ~200 Watt, mining makes your GPU run at 100%, so the power consuption will likely be higher... So, you'd basically need over 1000 hi Continue reading >>

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