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HorizonXP on Dec 11, 2013 | parent | context | favorite | on: Briefly profitable alt-coin mining on Amazon throu...

I'm currently doing this right now with 30 instances. I'm currently operating at about 7 MH/s. At current rates, it's not exactly "profitable", but I'm using up some AWS credit that I have. I don't intend to sell the LTC until it hits about 40 or maybe 50, but in any case, it's still all profit for me, other than the fact that I lose out on the AWS credit for other uses.

Edit: I'm also not paying $6/hr... That would be absurd. I'm not unprofitable by much.

ugexe on Dec 11, 2013 [–]

Everyone is using $100 ec2 credits for coin mining, that's why everyone is overpaying for spot price at the moment

HorizonXP on Dec 12, 2013 | [–]

I have much more than $100. Hence why I'm even bothering.

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