RE: Amazon AWS Ethereum Cloud Mining Tutorial-12 Step Guide to Generating ETC!

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Amazon AWS Ethereum Cloud Mining Tutorial-12 Step Guide to Generating ETC!

in ethereum •  8 years ago  (edited)

Is this profitable? considering AWS GPU instance cost.

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No it is not not profitable, I would like to think it almost was for a brief instance in the very beginning, but then the miner kept sputtering out and AWS fees spiked! Some huge data transfer fee estimate got me spooked so I had to shutdown the miner. Here is the screenshot:

Good learning experience though.
It shows estimates way too high for what I was getting out of it, luckily it was just estimates. In the end total ETC mined only .15 , so you do the math. Also my mined ETC it is too small to move, as far as I know it has to be minimum 1 ETC to even get your payment out!

I was looking into this as well but It seems to be cheaper to run your own mining rig - thx for sharing!

in current date, is it profitable to mine?