11–20 of 70 posts
Seriously, with all the hype, I got suckered into buying bitcoin/litecoin just to realize that I can't compete against Chinese miners.
I guess I could buy coins and sit on them but there is no fun in doing so. Arbitrage is practically impossible because of the lag time to pull hard cash from the exchanges.
I'm not seeing the g2.2xlarge instance type when I select Amazon Linux AMI 2013.09.1 - has Amazon disabled this instance type or am I missing something?
It isn't available in all regions. What region are you looking at?
I'm not seeing the g2.2xlarge instance type when I select Amazon Linux AMI 2013.09.1 - has Amazon disabled this instance type or am I missing something?
Why would you publish something like this? Why not just ride on your own discovery, get as many instances as possible and get rich?
I'm the author of the post. I didn't include a lot of background detail because I wanted to publish the technically interesting bits quickly. As I see it, mining LiteCoins on EC2 is currently profitable because of four main factors: 1) Bitcoin's recent dramatic increase in value. (LiteCoin's value is heavily correlated to Bitcoin's.) 2) The relatively low difficulty level for LiteCoin mining right now. 3) Spot instan…
Naive question from a non-techie - if i were to run 10 g2.2xlarge spot instances, how much net profit per day would i make?
Ok, the plethora of bitcoin/litecoin articles on HN news are making me sick now. I feel like there are 3+ articles about it at any given time. Seriously, with all the hype, I got suckered into buying bitcoin/litecoin just to realize that I can't compete against Chinese miners. I guess I could buy coins and sit on them but there is no fun in doing so. Arbitrage is practically impossible because of the lag time to pull…
in life, studying code is what has netted me the most cash that i feel proud of earning