![]() As of today, I have not invested any of my own hard earned cash on any cryptocurrency. This post is not an endorsement for Siacoin or Monero-I’m simply a hobbyist with a healthy sense of curiosity. ![]() ![]() My aim was not to dig into the details but rather to simply answer the question of, “Is it profitable to mine Siacoin and Monero on the same instance using a bunch of spot instances?” This is just a high level, fun project for me to try something different from my daily work. I’m not an expert on cryptocurrencies nor the algorithms and protocols that power them. Also, the fact that AWS recently announced new G3 GPU’s was just too juicy to ignore so I wanted to give those instances test spin. I’m aware that many before me have already tried mining on AWS but I haven’t seen anyone try to leverage both GPUs and CPUs on a single instance for mining two different cryptocurrencies simultaneously. I had some extra AWS credits and decided to do a POC (Proof of Concept) on mining both Siacoin and Monero cryptocurrencies on a single, GPU and Compute optimized instance-specifically the P2 instances. ![]() The only chance you have to maybe make a profit today is if you have a ton of AWS credits to burn and mine a significant number of Siacoin that explodes in value in the future. Mining Siacoin (SC) and Monero (XMR) simultaneously on any AWS GPU instance today is not profitable even with spot pricing. ![]()
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