How much would cost to mine a block with Google Compute Engine?

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Google has opened its Compute Engine and it has a price list. How much would cost to mine a bitcoin block with Google Compute Engine?

Jader Dias

Posted 2013-05-20T22:43:13.347

Reputation: 487

4I'm not going to crunch the numbers right now, but it wouldn't be worth it. It would most likely take more than a year.julian-goldsmith 2013-05-20T22:59:15.980

It's CPU only - I doubt it would be profitable.Nick ODell 2013-05-20T23:06:25.913

They tell it's good to render videos. I wonder if a GPU farm wouldn't be much more cost efficient for that purpose too.Jader Dias 2013-05-20T23:12:36.450

Answers

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Even if it was a GPGPU cluster, you will not make a profit from the prices they are charging. Mining at this point is only profitable with FPGA, ASICs and certain GPUs pending power consumption.

Charles Hoskinson

Posted 2013-05-20T22:43:13.347

Reputation: 969

1That's not what he asked.Steven Roose 2013-05-21T09:14:52.870

@StevenRoose because the question suffered from the xy problem. He likely should have asked "is it profitable to mine with Google Compute Engine?".o0'. 2013-05-21T16:36:09.660

@StevenRoose He asked a question that has a vacuous answer. I suspect his concern is what Lohoris pointed out. Is it profitable. I can pass the Turing test and infer meaning :)Charles Hoskinson 2013-05-22T01:03:22.153