Is it profitable to mine any Altcoin in the Cloud? Amazon aws has servers with GPU.

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As title says, I would like to mine in the cloud. Is it profitable? I don't mean bitcoin because the network hash power is too high at the moment. I'd like to mine, for example, Dogecoin in the cloud. Is it possible and profitable? Thanks!

user12488

Posted 2014-01-20T20:50:42.927

Reputation: 11

Question was closed 2014-01-25T19:56:06.757

Possible? Yes. Profitable? Only if you're not the one paying the EC2 bill. – Greg Hewgill – 2014-01-20T21:32:31.067

Answers

3

If it were profitable, everyone would be doing it, increasing the difficulty, and making it no longer profitable. Mining is only profitable for you if you have some advantage over other miners.

David Schwartz

Posted 2014-01-20T20:50:42.927

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Asked: 2014-01-20T20:50:42.927

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Active: 2016-04-25T20:47:04.627