Bitcoin VPS/Dedi
- Thread starter Mike
- Start date
TheLinuxBug
New Member
You really need GPU to do mining, your best bet would be to find someone who specializes in GPU farms or provides a GPU on their dedicated servers and use that to mine. Using straight CPU would be a waste of your time and money, like other said it will take forever to get anything out of it.
Cheers!
Cheers!
TheLinuxBug
New Member
Well yes, but I figured a server with a GPU is a better option than trying to do it with pure CPU on a VPS or DEDI without GPU access. To really make anything mining though, the two machines you mentioned are your best bet. However, you need a nice chunk of change for those dedicated mining setups.
Cheers!
It's not a 'better option', it's more like 'the only option that will get you more than a micromillicoin'. CPU mining was viable years ago, though.
ICPH
Member
If you wish, you can buy bitcoin mining VPS from Instantcpanelhosting.com, it accepts bitcoin payments too. But i personally agree with fellow members, i think standard PC mining is the past. Only some kind of speciallised ASIC can be yelding enough to give you money back for purchase.
Sunshine
New Member
I know that Bitcoin is completely pointless for CPU mining, but how about Litecoin? It seems that GPU has much less of an advantage with Litecoins.
Lets say that I'm renting a dedicated dual-5420 and I'm currently just using it for development and testing, some occasional batch processing, a couple of small websites, etc. But for the most part, the CPU doesn't really get utilized.
I doubt that Litecoin mining would cover the cost of the server, but a couple of bucks / month would be nice enough.
Worth the trouble?
Lets say that I'm renting a dedicated dual-5420 and I'm currently just using it for development and testing, some occasional batch processing, a couple of small websites, etc. But for the most part, the CPU doesn't really get utilized.
I doubt that Litecoin mining would cover the cost of the server, but a couple of bucks / month would be nice enough.
Worth the trouble?
From what I hear, it's impossible to make money even with GPU mining for bitcoin (the electricity costs more than the coins are worth). Maybe not even with FPGA. ASICs are so much more efficient that they now dominate the mining scene.
Litecoin is designed for CPU mining (memory intensive) but they are harder to spend. I don't know the actual economics of them. I have a couple of mostly-idle dedicated servers so have been tempted to look into Litecoin but burning electricity on something like that just seems obnoxious.
Litecoin is designed for CPU mining (memory intensive) but they are harder to spend. I don't know the actual economics of them. I have a couple of mostly-idle dedicated servers so have been tempted to look into Litecoin but burning electricity on something like that just seems obnoxious.
If they do it, they will be given a 'bulk' CPU SLA level. For bitcoin, it seems really unprofitable to me. I don't see how you would get any coins on an e3-1270v2 when you are competing against people with ASICs.