1) Bitcoin's recent dramatic increase in value. (LiteCoin's value is heavily correlated to Bitcoin's.)
No, actually, Litecoin's value is very different from that of Bitcoin and in the last week or two it skyrocketed from being 0.015/BTC to 0.05/BTC and back down to 0.04/BTC or so.
As a result of your post, in just 2-3 hours, the spot price on AWS went to $0.20 per instance.
An interesting economic effect of this - prior to your article, the mining profits were flowing to the miners who figured this out on AWS. After your article, the profits are now flowing to the reserved instance owners instead. Bastard.
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No, actually, Litecoin's value is very different from that of Bitcoin and in the last week or two it skyrocketed from being 0.015/BTC to 0.05/BTC and back down to 0.04/BTC or so.
As a result of your post, in just 2-3 hours, the spot price on AWS went to $0.20 per instance.
An interesting economic effect of this - prior to your article, the mining profits were flowing to the miners who figured this out on AWS. After your article, the profits are now flowing to the reserved instance owners instead. Bastard.