Based on AWS spot instance pricing, LTC mining difficulty, and the present value of LTC, it can be profitable to mine for LTC on EC2 g2.2xlarge instances.
This project was inspired by Bob Feldbauer's post on Profitable LiteCoin Mining on EC2, and a desire to practice my Ansible chops.
As of right now, the spot instance price is approx $0.30/hr, so it's no longer immediately profitable, so I wouldn't recommend this if you're looking to flip a quick buck (before yesterday would have been a different story). Nevertheless, a fun weekend hack project if anyone's curious to give it a try!
Comments
Based on AWS spot instance pricing, LTC mining difficulty, and the present value of LTC, it can be profitable to mine for LTC on EC2 g2.2xlarge instances.
This project was inspired by Bob Feldbauer's post on Profitable LiteCoin Mining on EC2, and a desire to practice my Ansible chops.
As of right now, the spot instance price is approx $0.30/hr, so it's no longer immediately profitable, so I wouldn't recommend this if you're looking to flip a quick buck (before yesterday would have been a different story). Nevertheless, a fun weekend hack project if anyone's curious to give it a try!
Nice. Even if it isn't immediately profitable, it's a nice pet project to practice Ansible for almost break-even.
Provided that the LTC price doesn't crash overnight, obviously.