Is it profitable to use Amazon EC2 to mine litecoins?

1

I saw that mining BTC with CPU is not profitable anymore, and that you'd lose money mining bitcoin. Is the same thing true of litecoin?

Nontenda

Posted 2013-04-02T19:26:23.450

Reputation: 469

2

While the other question was technically about mining BTC and as such is not technically a duplicate, LTC mining on an EC2 node was discussed in an answer to this question

– David Perry – 2013-04-02T21:38:57.210

Answers

1

Yes it can be worth it, but generally what happens is if it ever is worth it then a huge number of people start doing it until the prices of EC2 are driven up and it is no longer profitable. Here is a good blog post about the subject:

http://da-data.blogspot.com/2013/12/briefly-profitable-alt-coin-mining-on.html

placeybordeaux

Posted 2013-04-02T19:26:23.450

Reputation: 853

0

Only if you use the micro instance with a free account for the first year.

xmux

Posted 2013-04-02T19:26:23.450

Reputation: 111

Asked: 2013-04-02T19:26:23.450

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Active: 2016-04-28T13:10:06.687